What is the future of Aircraft Flight Control System Market? Know Covid Impact on Size, Share & Forecasts
June 17, 2020
The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Aircraft Flight Control System Market.
It was estimated prior to this unanticipated outbreak that the Aircraft Flight Control System Market was likely to witness an impressive CAGR of 4.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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Aircraft Flight Control System Market Segment Insights:
By Aircraft Type:
Commercial aircraft is likely to remain the largest segment of the market over the next five years, driven by a host of factors including snowballing commercial aircraft deliveries, introduction of fuel-efficient commercial aircraft, and growing aircraft fleet size.
By Component Type:
Flight control computers are further sub-segmented as Primary Flight Control Computer and Secondary Flight Control Computer. Similarly, actuators are again categorized into Elevator Actuators, Trim Hydraulic Stabilizer Actuators, Aileron Actuators, Spoiler Actuators, and Trim Actuators. All the component segments are likely to witness healthy growth rates over the next five years; however, the cockpit controls segment is likely to witness the highest growth during the same period, driven by increasing aircraft deliveries to support rising passenger traffic.
By Technology Type:
The fly by wire segment is expected to remain the growth engine over the next five years, owing to its widespread usage in the aircraft industry.
By End-User Type:
The linefit segment is expected to remain the larger segment of the market during the forecast period. The segment is also likely to witness a higher growth during the same period, owing to huge order backlogs of commercial aircraft to meet rising passenger traffic across the globe.
By Region:
North America is estimated to remain the largest market for aircraft flight control systems during the forecast period. The USA is expected to remain the growth engine of the North American aircraft flight control system market as the country is the world’s manufacturing capital of the aircraft industry and houses many large-to small-sized aircraft manufacturers, tier players, aircraft flight control system suppliers, distributors, and raw material suppliers.
Asia-Pacific is projected to portray the highest growth during the same period, driven by a host of factors including an increasing demand for commercial aircraft to support rising passenger traffic, establishment of assembly plants of Boeing and Airbus in China, upcoming indigenous commercial and regional aircraft (COMAC C919 and Mitsubishi MRJ), and rising aircraft fleet size.
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Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
Based on the research, a proper report is crafted with the following key features:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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