LONDON, April 24, 2017 /PRNewswire/ -- "The aircraft flight control system market is projected to grow at a CAGR of 6.97% during the forecast period"
The growth of the aircraft flight control system market is dependent on the increased number of deliveries of passenger aircraft, fighter jets, helicopters, ultralight aircraft, and unmanned aerial vehicles in various countries across the world. The aircraft flight control system market is projected to grow from USD 11.85 billion in 2016 to USD 16.59 billion by 2021, at a CAGR of 6.97% from 2016 to 2021.
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"Among platforms, the fixed wing segment is projected to lead the aircraft flight control system market from 2016 to 2021"
Based on platform, the aircraft flight control system market has been segmented into fixed wing and rotary wing. The fixed wing segment is anticipated to account for the largest market share of the aircraft flight control system market during the forecast period. High growth of the fixed wing segment can be attributed to the increasing demand for commercial aircraft, business jets, and fighter jets, among others.
"Aircraft flight control system market in Asia-Pacific is projected to grow at the highest CAGR from 2016 to 2021; North America is expected to lead the aircraft flight control system market during the forecast period"
There is an increase in aircraft production by the aforementioned aircraft manufacturers owing to the increasing demand for new aircraft from Asia-Pacific and the Middle East. Increasing aircraft production is one of the key factors driving the aircraft flight control system market in North America. The Asia-Pacific aircraft flight control system market is expected to grow at the highest CAGR during the forecast period, due to the presence of emerging aircraft manufacturers such as The Commercial Aircraft Corporation of China, Ltd. (China) and Mitsubishi Aircraft Corporation (Japan) in this region.
Break-up of profiles of primary participants for this report:
- By Company Type - Tier 1 – 35%, Tier 2 – 45% , and Tier 3 – 20%
- By Designation – C level – 35%, Director level – 25%, and Others – 40%
- By Region – North America - 45%, Europe – 30%, Asia-Pacific – 20%, and RoW – 5%
Honeywell International, Inc. (U.S.), Moog Inc. (U.S.), Rockwell Collins, Inc. (U.S.), Safran S.A. (France), BAE Systems plc. (U.K.), Liebherr Group (Germany), and UTC Aerospace System (U.S.), among others are the key players operating in the aircraft flight control system market.
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