![]() ![]() Growing demand for passenger and aircraft safety, increasing air passenger traffic are some of the major driving factors which propel the growth of the flight navigation systems market. Flight Navigation System Market Driving Factors: Major players in the aircraft flight control system market include Parker Hannifin Corporation (US), Honeywell (US), and Moog (US).Flight Navigation System Market Size & Growth 2026:įlight Navigation System Market is expected to have a compound annual growth rate (CAGR) of 7% during the forecast period of 2022 - 2027 values at 15.68 billion US dollars in the year 2021 which is expected to increase the growth by 20.39 billion US dollars by the end of 2026. This increase in passenger traffic and flight hours is expected to drive the demand for aircraft flight control systems in the Asia Pacific region during the forecast period. Countries such as India and China have seen a tremendous increase in the passenger traffic, owing to the growing economy and disposable income of consumers in these countries. ![]() The Asia Pacific region is one of the fastest-growing market for aircraft flight control systems due to an increase in the number of flight hours and passenger traffic in the region. The increasing orders for commercial aircraft are expected to drive this segment.Īsia Pacific aircraft flight control system market is projected to witness the highest growth during the forecast period. Linefit end-user segment is expected to grow at a higher CAGR during the forecast period.īased on end user, the linefit segment of the aircraft flight control system market is projected to grow at a higher CAGR during the forecast period. ![]() ![]() Fly by wire systems are reliable in adverse environmental condition with good signal transmission capability. The demand for new aircraft from airliners is increasing due to the year on year increase in the global air passenger traffic.įly by wire technology segment is projected to witness the highest growth during the forecast period.īased on technology, the fly by wire segment of the aircraft flight control system market is projected to witness the highest growth during the forecast period, as this is the most widely used flight control technology in the aviation industry. This can be attributed to the increasing aircraft deliveries globally on account of increasing orders for new aircraft from commercial and domestic airliners. Factors such as the increase in passenger traffic, rise in aircraft deliveries, and upgradation of old aircraft are expected to drive the aircraft flight control system market.Ĭockpit controls segment is projected to witness the highest growth during the forecast period.īased on component, the cockpit controls segment of the aircraft flight control system market is projected to witness the highest growth during the forecast period. According to the new market research report, now available on ASDReports, "Aircraft Flight Control System Market by Component (Cockpit Controls, Primary FCC, Secondary FCC, Actuators, Standby Attitude and Air Data Reference Unit), Type, Technology, End User (Linefit, Retrofit), Platform, and Region - Global Forecast to 2023", The aircraft flight control system market is estimated at USD 11.50 Billion in 2018 and is projected to reach USD 13.67 Billion by 2023, at a CAGR of 3.52% during the forecast period. ![]()
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