Global Aircraft Flight Control System Market is Estimated to Reach $14 Billion by 2025, Says Accurize Market Research
Global aircraft flight control system market report published by Accurize Market Research forecast that the global market is expected to reach $14 billion by 2025; growing at a CAGR of 3.7% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
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Factors, such as growing demand for aircraft from prominent countries in the Middle East and Asia-Pacific region and use of unmanned aerial systems in military operationsacross the globe to drive the growth of the market
Factors, such as growing demand for aircraft from prominent nations in the Middle East and Asia-Pacific region and use of unmanned aerial systems in military operationsfuels the demand for the global aircraft flight control system market. Moreover,high demand for fighter planes also boosts the growth of the market.
MarketSegmentation
The global aircraft flight control system market has been bifurcated on the basis of application,technology and geography. The segmentations by application containmilitary aviation, commercial aviation, business aviation and other applications. Mechanical, fly-by-wire and hydro-mechanicalare the several classifications of aircraft flight control system by technology.
By geography the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S., Mexico and Canada are covered under North America wherein Europe covers Russia, France, Germany, UK and others. Asia-Pacific covers China, India, Japan, Australia and others. Rest of the world (RoW) covers South America, Middle East and Africa.
"North America dominated the global market with the highest market share over the forecast period", says Accurize
In 2017, North America accounted for the major share of the aircraft flight control system market. However, the Asia Pacific aircraft flight control system market is anticipated to grow at the highest CAGR during the forecast period due to the upsurge in passenger traffic and military aircraft in countries such as India, China and Russia
Top players in the market
The key market players include BAE Systems,General Atomics, Parker Hannifin Corporation, Saab AB, Woodward, Inc, Liebherr Group, Moog,Safran,UNITED TECHNOLOGIES, Rockwell Collinsand Honeywell International Inc.among others.
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