Thrust Vector Control (TVC) helps a propulsion system to redirect its thrust to provide directional control. The ability to control the thrust vector of a propulsion system is immensely advantageous to launch vehicles and systems, as well as Vertical/Short Takeoff and Landing (S/VTOL) aircraft. Thrust vector control in a space shuttle vehicle with multiple engines helps in maintaining the trajectory, and minimizes the risk of engine/propulsion system as a whole by independently controlling the thrust magnitude and nozzle gimbal angles of each engine. For launch vehicles, missiles, and fighter aircraft, thrust vector control is a crucial technology to control trajectory and maneuverability. In a satellite system, thrust vector control is used to correct the misalignment and orbit position.
The thrust vector control market is projected to grow from 8.39 Billion in 2017 to 13.77 Billion by 2022, at a CAGR of 10.41% from 2017 to 2022. Governments of various countries have been increasing their investments in defense and military to defend homeland during external disputes. With technological developments in air combat, highly maneuverable fighter aircraft are playing an important role in combat aviation. There has been an increased need for highly maneuverable fighter aircraft due to their ability to maintain pilot control, perform maneuvers in situations and ways exceeding those that are possible by pure aerodynamic mechanisms, and in gaining an advantage over aerial opponents. This technology is being used in some fourth and fifth generation fighters. Increase in space research programs is also driving the market for thrust vector control. Major countries such as Russia, the U.S., China, Europe, Japan, India, and Brazil are increasingly investing in space programs.
Key players operating in the thrust vector control market include Honeywell International, Inc. (U.S.), Moog, Inc. (U.S.), Woodward, Inc. (U.S.), Jansen Aircraft Systems Control, Inc. (U.S.), BAE Systems (U.K.), Wickman Spacecraft & Propulsion Company (U.S.), Parker Hannifin, Inc. (U.S.), Sierra Nevada Corporation (U.S.), Dynetics, Inc. (U.S.), and SABCA (Belgium). These companies have well-equipped manufacturing facilities and strong distribution networks across North America, Europe, and Asia-Pacific.
Contracts and partnerships were the key growth strategies adopted by the key players to strengthen their position in the thrust vector control market. These players are focusing on increasing investments in R&D and developing strong relationships with government and civil agency clients to gain a competitive edge.
Moog, Inc. (U.S.) is one of the leading companies in the thrust vector control market. The company has presence in Europe, North America, and Asia-Pacific. In 2016, Moog Inc. received a contract from Thales Alenia Space for the supply of MONARC-22 thruster engines for two Thales Alenia Space (TAS) spacecraft programs, namely, EXOMARS 2020 and SWOT Spacecraft.
United Technologies Corporation (U.S.) is one of the leading providers of thrust vector control in defense market. The company has strengthened its position in the market through a series of contracts. For example, in 2016, United Technologies Corporation received a contract from U.S. Navy worth USD 1.5 billion to produce F135-PW-100 propulsion and thrust vector control systems that will power the fifth-generation F-35.
Thrust Vector Control Market by Technology (Gimbal Nozzle, Flex Nozzle, Thrusters, Rotating Nozzle), Application (Launch Vehicles, Missiles, Satellites & Fighter Aircraft), System (Actuation, Injection & Thruster), and Region - Global Forecast to 2022
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