Report ID: SQMIG45F2125
Report ID:
SQMIG45F2125 |
Region:
Global |
Published Date: February, 2024
Pages:
273
|
Tables:
118 |
Figures:
77
Aircraft Flight Control System Market size was valued at USD 13.4 billion in 2022 and is poised to grow from USD 14.5 billion in 2023 to USD 27.24 billion by 2031, growing at a CAGR of 8.2% in the forecast period (2024-2031).
An aircraft's flight control system helps the pilot steer the craft with precision. The system consists of linkages, cockpit and hydro-mechanical controls, and flight control surfaces. Currently, the majority of military and commercial aircraft have hydro-mechanical control systems installed, however, the newest aircraft have electronic flight control systems, sometimes referred to as fly-by-wire technology.
Demand for air travel has increased as people's disposable incomes in developing nations have increased. The increased demand for air travel has caused airlines to increase the number of their aircraft. Thus, it is projected that increasing aircraft orders will fuel market expansion. Additionally, the Aircraft Flight Control System Market is anticipated to rise as a result of the increasing need for UAVs in military activities.
The growing need to upgrade existing avionics systems such as aircraft monitoring systems, flight control, navigation, and communication systems, to make them more technologically advanced, is projected to boost the market of the aerospace avionics market. The leading organization that researches armaments, conflict, and disarmament, global defense spending will be $1981 billion in 2019. The increase in defense spending for the development and procurement of navigation systems, flight management systems, communication systems, and surveillance systems required for defense aviation is expected to contribute to the expansion of the global aircraft flight control system market.
However, the aerospace avionics system is prone to security breaches that can occur during the installation of the avionics software in the aircraft system. For instance, the aerospace avionics system can be breached by malware and unauthorized access that can breach the user’s confidential information. This is a major risk, especially in defense applications that can pose severe consequences. Such factors are anticipated to restrain the aircraft flight control system market in the upcoming years.
US Aircraft Flight Control System Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQMIG45F2125