The global Aircraft Flight Control Systems (AFCS) market is poised for significant growth, with projections estimating an increase from $14.5 billion in 2022 to $21.5 billion by 2027, representing a CAGR of 8.2% over the forecast period. This expansion is driven by the rising demand for commercial aircraft and the increasing adoption of “more electric” aircraft concepts.
Key Market Players
Leading companies shaping the AFCS market include:
- Honeywell International Inc. (US)
- Moog Inc. (US)
- Raytheon Technologies Corporation (US)
- Safran SA (France)
- Thales (France)
- Parker Hannifin Corporation (US)
- Curtiss-Wright Corporation (US)
- BAE Systems PLC (UK)
Market Trends and Growth Drivers
Commercial Aviation Leading the Market
The commercial aviation segment is projected to dominate the market, fuelled by an increasing aircraft fleet, airline preferences for fuel-efficient aircraft, and a steady rise in global passenger traffic.
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Fixed-Wing Aircraft Segment Dominates
Within aircraft types, the fixed-wing segment accounted for the largest market share in 2022. The demand for flight control systems is directly correlated with the growing need for fixed-wing aircraft in commercial and general aviation, driven by surging passenger traffic.
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Regional Market Insights
- North America led the market in 2022, supported by strong aviation infrastructure and major aircraft manufacturers.
- Asia-Pacific is expected to witness the highest CAGR, driven by increased demand for air travel and growing investments in electric aircraft.
As the aviation industry transitions towards enhanced automation and electrification, the aircraft flight control systems market is set for sustained growth, providing lucrative opportunities for industry leaders and new entrants alike.
SOURCE: MARKET AND MARKETS
