Aircraft Fly-by-wire System Market by Application and Geography - Forecast and Analysis 2021-2025

The aircraft fly-by-wire system market share is expected to increase by USD 2.64 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 8.42%.

This aircraft fly-by-wire system market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers aircraft fly-by-wire system market segmentation by application (commercial aviation, military aviation, and business aviation) and geography (North America, Europe, APAC, MEA, and South America). The aircraft fly-by-wire system market report also offers information on several market vendors, including BAE Systems Plc, Honeywell International Inc., Liebherr-International AG, Lockheed Martin Corp., Moog Inc., Nabtesco Corp., Parker Hannifin Corp., Raytheon Technologies Corp., Safran SA, and Thales Group among others.

What will the Aircraft Fly-by-wire System Market Size be During the Forecast Period?

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Aircraft Fly-by-wire System Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growing development of multirole fighter aircraft is notably driving the aircraft fly-by-wire system market growth, although factors such as the probability of technical glitches may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the aircraft fly-by-wire system industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Aircraft Fly-by-wire System Market Driver

The growing development of multirole fighter aircraft is a key driver boosting the growth of the aircraft fly-by-wire system market. Multirole aircraft find applications in air-to-air combat and air-to-ground attacks. Numerous combat airplanes are characterized by multiple functionalities such as Lockheed Martin F-35 Joint Strike Fighter, Dassault Rafale, and McDonnell Douglas F-4 Phantom II. MOOG was selected by Lockheed Martin as the system integrator for primary flight control and leading-edge flap actuation systems on all three variants of the F-35 Joint Strike Fighter. As the prime contract holder, MOOG's role includes managing the industry team, integrating the complete actuation system, and supplying critical technologies and major sub-systems. An increase in the number of contracts of multirole fighters increases the demand for integration components such as FBW. Therefore, the rise in the production of such multirole aircraft is exponentially driving the demand for FBW-based FCSs, especially in military aviation.

Key Aircraft Fly-by-wire System Market Trend

Increasing demand for new generation commercial aircraft that feature advanced cockpit controls is another important driver augmenting the growth of the aircraft fly-by-wire system market. New-generation aircraft are characterized by optimal fuel consumption and decreased carbon and noise emissions. Commercial aviation is witnessing high demand for air travel, which further accelerates the demand for such aircraft. The increased demand and procurement of new-generation aircraft will boost the demand for aircraft FBW systems during the forecast period. New-generation aircraft feature advanced cockpit controls and better avionics that makes the entire system noise and fuel-efficient. They are generally equipped with FBW-based FCSs to comply with the size and weight constraints and better maneuvering of flight against aerodynamic forces. FBW systems facilitate the conversion of movement of flight control surfaces by converting the pilot's inputs into electronic signals that are then transmitted by wires.

Key Aircraft Fly-by-wire System Market Challenge

The probability of technical glitches is a major hindrance to the aircraft fly-by-wire system market growth. The overall dependability of the aircraft FBW system relies in particular on the computer arrangement or control/monitor architecture, the system tolerance to both hardware and software failures, the servo-control and power supply arrangement, the failure monitoring, and the system protection against external aggressions. The system functions without compromising on the flight control laws that minimize the crew workload, the flight envelope protections that allow fast reactions while keeping the aircraft in the safe part of the flight envelope, and finally, the system design and validation. Therefore, the chances of erroneous signals can lead to drastic accidents and failure of aircraft operation. Technical glitches in the complex design of FCSs lead to major aircraft failures. The flight data recorder recovered from the aircraft appeared to suggest that engine failure or pilot error was unlikely. The software-controlled design of FBW systems adds to the design complexities of such components. The 2014 failure of Su-30MKI was thus concluded to be attributed to the design flaws that resulted in the failure of its software-based FCS.

This aircraft fly-by-wire system market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global aircraft fly-by-wire system market as a part of the global aerospace and defense market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the aircraft fly-by-wire system market during the forecast period.

Who are the Major Aircraft Fly-by-wire System Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• BAE Systems Plc
• Honeywell International Inc.
• Liebherr-International AG
• Lockheed Martin Corp.
• Moog Inc.
• Nabtesco Corp.
• Parker Hannifin Corp.
• Raytheon Technologies Corp.
• Safran SA
• Thales Group

This statistical study of the aircraft fly-by-wire system market encompasses successful business strategies deployed by the key vendors. The aircraft fly-by-wire system market is fragmented and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The aircraft fly-by-wire system market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Aircraft Fly-by-wire System Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the aircraft fly-by-wire system market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of global aerospace and defense market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Aircraft Fly-by-wire System Market?

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33% of the market's growth will originate from North America during the forecast period. The US is the key market for the aircraft fly-by-wire systems market in North America. Market growth in this region will be slower than the growth of the market in Europe.

The technological advances taking place in the aircraft FCS will facilitate the aircraft fly-by-wire system market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of the COVID-19 pandemic in the region has severely impacted the regional aviation industry. According to the IATA, in June 2020, the international traffic fell by 86.1%, and the domestic traffic fell by 63.9% on a year-over-year (Y-o-Y) basis. According to the Bureau of Transportation Statistics, the number of airline passengers, including both international and domestic, declined by 80% in 2020 when compared to the previous year. However, in June 2020, airlines carried over 93% more passengers as compared with May 2020, owing to relaxation in travel restrictions. Therefore, with the relaxation in traveling norms and the resumption of airline services in the region, air travel is increasing. This, in turn, is expected to propel the demand for aircraft manufacturing, which will influence the growth of the market in focus in North America. The US government helped companies from being bankrupt by announcing financial packages at the end of 2020. Similar packages are expected from the Biden administration. Since October 2020, the growing number of investments by prominent vendors in the country has been a positive factor for the growth of the market in the region. The market for aircraft FBWs in North America will witness moderate growth during the forecast period.

What are the Revenue-generating Application Segments in the Aircraft Fly-by-wire System Market?

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The aircraft fly-by-wire system market share growth in the commercial aviation segment will be significant during the forecast period. The increasing need for connectivity between geographic locations in both developing and developed regions has led to an increase in the demand for commercial aviation and is expected to fuel the growth of the commercial aviation segment. As the manufacturing of commercial aircraft is increasing exponentially, the global aircraft FBW system market will also see growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the aircraft fly-by-wire system market size and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Data Covered in this Aircraft Fly-by-wire System Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive aircraft fly-by-wire system market growth during the next five years
• Precise estimation of the aircraft fly-by-wire system market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the aircraft fly-by-wire system industry across North America, Europe, APAC, MEA, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of aircraft fly-by-wire system market vendors

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