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

  • Published: Jun 2021
  • Pages: 120
  • SKU: IRTNTR45604
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The aircraft fly-by-wire system market has the potential to grow by USD 2.64 billion during 2021-2025, 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 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 in 2021?

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

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 market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the aircraft fly-by-wire system industry get your FREE report sample now.

  • 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.
  • 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 maket.
  • 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.

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. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

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

 

The aircraft fly-by-wire system market is fragmented and the vendors are deploying growth strategies such as investing in R&D to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

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.

Download a free sample of the aircraft fly-by-wire system market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

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

Aircraft-Fly-by-wire-System-Market-Market-Share-by-Region-2020-2025

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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 aircraft fly-by-wire system 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. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

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

Aircraft-Fly-by-wire-System-Market-Market-Share-by-Application-2020-2025

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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.

Fetch actionable market insights on post COVID-19 impact on each segment. 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.

 

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What are the Key Factors 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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Aircraft Fly-by-wire System Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 8%

Market growth 2021-2025

$ 2.64 billion

Market structure

Fragmented

YoY growth (%)

4.26

Regional analysis

North America, Europe, APAC, MEA, and South America

Performing market contribution

North America at 33%

Key consumer countries

US, France, China, Brazil, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

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

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Commercial aviation - Market size and forecast 2020-2025
    • Military aviation - Market size and forecast 2020-2025
    • Business aviation - Market size and forecast 2020-2025
    • Market opportunity by Application

    Customer landscape

    • Overview

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • North America - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • APAC - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Competitive scenario
    • Vendor landscape
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • 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

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
    Get your FREE sample now!
    The aircraft fly-by-wire system market growth will increase by $2.02 billion during 2019-2024.
    The aircraft fly-by-wire system market is expected to grow at a CAGR of 5.29% during 2019-2024.
    Technavio has segmented the aircraft fly-by-wire system market by application (Commercial aviation, Military aviation, and Business aviation) and geographic (North America, Europe, APAC, MEA, and South America).
    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 are a few of the key vendors in the aircraft fly-by-wire system market.
    North America will register the highest growth rate of 33.66% among the other regions. Therefore, the aircraft fly-by-wire system market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the aircraft fly-by-wire system market growth are:
    • Growing development of multirole fighter aircraft
    The aircraft fly-by-wire system market vendors should focus on grabbing business opportunities from the commercial aviation segment as it accounted for the largest market share in the base year.
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