HOME Research Insight Agreements & Acquisitions was the Key Strategy Adopted by the Market Players to Grow in the Aircraft Flight Control System Market.



Agreements & Acquisitions was the Key Strategy Adopted by the Market Players to Grow in the Aircraft Flight Control System Market.


The aircraft flight control system market report covers all types of aircraft flight control systems used in aircraft systems. The aircraft flight control system market is projected to grow from an estimated USD 11.50 Billion in 2018 to USD 13.67 Billion by 2023, at a CAGR of 3.52% during the forecast period. The rapid growth in air passenger traffic leading to the increasing demand for commercial airliners has led to an increase in the demand for aircraft flight control systems.

Key players in the aircraft flight control system market are Parker Hannifin (US), Honeywell (US), and Moog (US), among others. These companies account for a major share of the aircraft flight control system market and have their manufacturing facilities in regions such as North America, Europe, and Asia Pacific. These companies adopted strategies such as contracts, new product developments, agreements, acquisitions, and partnerships, among others, between April 2013 and October 2017 to increase their market shares.

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For instance, in April 2016, Moog announced that its Aircraft Group was selected by Northrop Grumman Corporation to supply the complete flight control actuation for the Tern unmanned aircraft under the joint development program between Defense Advanced Defense Advanced Research Projects Agency (DARPA) and US Office of Naval Research. Moog offers integrated primary and secondary control systems, flight control computers and systems, and flight control actuators using hydraulic, mechanical, electromechanical, and electro-hydrostatic technologies, among others, through its aircraft controls segment.

In November 2016, BAE Systems (UK) signed a contract with Gulfstream Aerospace Corporation (US) to supply active sidesticks and flight control components for G500 and G600 aircraft models. BAE Systems is the fourth-largest defense contractor, providing flight control systems through its electronic systems segment.

Related Reports:

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

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