Aircraft Flight Control System Global Market Report 2024

The global aircraft flight control system market has grown strongly in recent years. It will grow from $15.28 billion in 2023 to $16.44 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The expansion observed in the historical period can be attributed to the rising demand for air travel, ongoing military modernization programs, adherence to safety regulations and standards, aircraft upgrades and retrofits, increased deliveries of commercial aircraft, and the global expansion of air cargo operations.

The global aircraft flight control system market is expected to see strong growth in the next few years. It will grow to $21.68 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The anticipated growth in the forecast period can be attributed to factors such as next-generation aircraft programs, the recovery of global air travel, initiatives promoting green aviation, the expansion of airborne connectivity, a focus on pilot assistance systems, market competition, and a commitment to innovation. Key trends expected in the forecast period include the widespread adoption of fly-by-wire (FBW) systems, the integration of advanced technologies, the utilization of electric actuation systems, the incorporation of lighter materials and components, a push towards digitalization and enhanced connectivity, and an emphasis on reliability and redundancy.

The surge in global air travel is anticipated to drive the expansion of the aircraft flight control system market in the foreseeable future. Air travel denotes the process of journeying from one place to another using aerial transportation means. Aircraft flight control systems play a pivotal role in managing an aircraft during take-off and landing, thereby enhancing flight reliability, safety, and pilot workload reduction, leading to improved overall aircraft performance during flight. In May 2022, the International Civil Aviation Organization's report revealed a 65% increase in air travelers and a 30% rise in aircraft departures between January and April 2022 compared to the corresponding period in 2021. Additionally, the International Air Transport Association (IATA) projected a surge in air travelers to reach 4.0 billion in 2024, surpassing pre-pandemic levels by 103%. Hence, the global rise in air travel is a significant driver for the aircraft flight control system market.

The escalating defense budgets worldwide are anticipated to fuel the growth of the aircraft flight control system market moving forward. Defense budgets represent the financial allotment by governments for military activities and defense-related expenditures. Aircraft flight control systems utilized in defense operations offer multiple advantages such as cost-effectiveness, increased operational efficiency, and enhanced capabilities for military aircraft, leading to improved mission success rates and potential life-saving implications. SIPRI's April 2023 report highlighted a 3.7% real-term increase in global military spending, reaching a record high of $2240 billion in 2022. Notably, China's military expenditure exhibited continual growth for the 26th consecutive year. Thus, the escalating defense budgets worldwide are instrumental in driving the aircraft flight control system market.

Technological advancements in fly-by-wire technology are a prevailing trend in the aircraft flight control system market. Major industry players are engaged in developing fly-by-wire technologies that offer heightened safety measures, advanced functionalities, efficient control of highly maneuverable aircraft, and compactness to fortify their foothold in the aircraft flight control system market. For instance, in October 2022, BAE Systems, a UK-based aerospace firm, entered into an agreement with Supernal, a US-based aerospace company, to jointly design and develop the flight control computer for Supernal’s electric Vertical Takeoff and Landing (eVTOL) vehicle. This collaboration aims to establish a lightweight, fly-by-wire system architecture for autonomous-capable aircraft, ensuring secure and efficient aircraft control during flight operations.

Key players in the aircraft flight control system market are placing emphasis on novel products integrating advanced computing power to boost their market revenues. Advanced computing power within these systems pertains to sophisticated and high-capacity computational capabilities used to enhance aviation safety, automation, and navigation functionalities. For instance, in July 2021, Collins Aerospace Systems, a US-based aerospace and defense technology company, introduced Perigon. This revolutionary computing solution for flight control and vehicle management caters to forthcoming needs across diverse applications. Perigon stands out due to its robust computational prowess, adaptable open-system architecture, and flexible configuration, aligning with future requirements in flight control and vehicle management.

In May 2022, Joby Aviation, a US-based venture-backed aviation enterprise, acquired Avionyx for an undisclosed sum. This acquisition stands to significantly contribute to Joby's certification process for its electric vertical take-off and landing (eVTOL) aircraft. Avionyx, based in the US, specializes in providing software engineering services specifically tailored for safety-critical avionics systems prevalent in the aircraft flight control system market.

Major companies operating in the aircraft flight control system market report are Honeywell International Inc., Moog Inc., Safran S.A., Collins Aerospace, BAE Systems PLC, Saab AB, Parker Hannifin Corporation, Raytheon Technologies Corporation, Liebherr Group, General Atomics, Lockheed Martin Corporation, Nabtesco Corporation, Woodward Inc., Curtiss-Wright Corporation, General Dynamics Mission Systems Inc., Heroux-Devtek Inc., Meggitt PLC, Northrop Grumman Corporation, Thales Group, Astronics Corporation, Crane Co., Eaton Corporation PLC, LORD Corporation, HAL Aerospace Division, Technodinamika Holding, MicroNav Limited, Sierra Nevada Corporation, Ultra Electronics Holdings PLC, Rabotti S.p.A., Wichita Aircraft Systems LLC, ShinMaywa Industries Ltd.

North America was the largest region in the aircraft flight control system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the aircraft flight control system market report forecast period. The regions covered in the aircraft flight control system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the aircraft flight control system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary types of aircraft flight control systems include commercial fixed-wing flight control systems, military fixed flight control systems, military UAV flight control systems, and rotary wing flight control systems. Commercial fixed-wing flight control systems involve movable or hinged surfaces that regulate the aircraft's attitude during take-off, flight, and landing. Various technologies are employed, such as fly-by-wire, power-by-wire, hydromechanical systems, and digital fly-by-wire. These systems incorporate components like cockpit controls, flight control computers, aircraft actuators, and other elements, catering to applications in business aviation, commercial aviation, military aviation, and other sectors. End users encompass both line-fit and retrofit installations.

This report provides aircraft flight control systems market statistics, including aircraft flight control system industry global market size, regional shares, competitors with aircraft flight control systems market share, detailed aircraft flight control system market segments, market trends and opportunities, and any further data you may need to thrive in the aircraft flight control system industry. This aircraft flight control system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The aircraft flight control system market includes revenues earned by entities by providing communications facility, navigation, collision avoidance, and weather forecasting. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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