DUBLIN, Dec 21, 2016 /PRNewswire/ —
Research and Markets has announced the addition of the “Aircraft Flight Control System Market – Global Forecast to 2021” report to their offering.
The aircraft flight control system market is projected to grow from USD 11.85 billion in 2016 to USD 16.59 billion by 2021, at a CAGR of 6.97% from 2016 to 2021.
Increase in air passenger traffic across the globe, upgrade of aircraft components, and use of unmanned aerial systems in military programs worldwide are key factors driving the growth of the aircraft flight control system market. However, long life span of aircraft flight control systems is expected to hinder market growth during the forecast period. North America is expected to lead the aircraft flight control system market during the forecast period, owing to technological advancements taking place in aircraft flight control systems. North America is the major hub for the aviation industry, in terms of passenger traffic with the presence of established market players, such as The Boeing Company (U.S.), Bombardier Inc. (Canada), and Lockheed Martin (U.S.).
There is an increase in aircraft production by the aforementioned aircraft manufacturers owing to the increasing demand for new aircraft from Asia-Pacific and the Middle East. Increasing aircraft production is one of the key factors driving the aircraft flight control system market in North America. The Asia-Pacific aircraft flight control system market is expected to grow at the highest CAGR during the forecast period, due to the presence of emerging aircraft manufacturers such as The Commercial Aircraft Corporation of China, Ltd. (China) and Mitsubishi Aircraft Corporation (Japan) in this region.
- Andritz Automation
- Belden Inc.
- Leica Geosystems AG
- MOBA Mobile Automation AG
- Prolec Ltd.
- RIB Software AG
- Schneider Electric Se
- Topcon Corporation
- Trimble Inc.