The expansion of the aircraft fleet by airliners due to the increasing air travel demand is also expected to boost the AFCS market growth. Since safety is a major concern, the up-gradation of existing aircraft fleets and acquisition of modern technology-equipped aircraft is expected to augment the AFCS market growth. Owing to this, the replacement of conventional technology with the latest modern technology is also rising. Modern aircraft demand modern technology. Rising Delivery of Modern Military Aircraft to Stimulate Growth The report also emphasizes the competitive landscape of the AFCS market, including the information on the ranking of key players, key market trends, recent industry developments, etc. The report highlights the future opportunities of growth evaluated through the SWOT Analysis. The report encompasses PESTLE Analysis and Porters’ Five Forces Analysis for an exhaustive study of the prospected market. The report contains information gathered through interviews with reputed stakeholders present in the AFCS market at regional, country, and global levels. The report is based on data triangulation using top-down and bottom-up approaches. Geographically, the market is categorized into North America, Asia Pacific, Europe, and the Rest of the World. On the basis of its end-user, the market divides into retrofit and line-fit. On the basis of its mechanism, the market trifurcates into mechanical systems, hydro-mechanical systems, and fly-by-wire systems. On the basis of its platform, the market fragments into business jets, UAVs, commercial aircraft, military aircraft, general aviation aircraft, and helicopters. On the basis of its components, the AFCS market segments into avionics, flight control surfaces, flight control sensors, cockpit controls, flight control actuators, etc. Nonetheless, our research report’s in-depth analysis will help you gain an exhaustive outlook of this niche market. However, the negative impact of COVID-19 is expected to gradually fade away as economies are trying to wade their way through the pandemic. It is uncertain to say how long the situation may persist way. Resources and funds are being allocated to strengthen the healthcare sector. Lockdowns, curfews, and social distancing norms are resulting in lower production and shrunken revenues. AFCS market has observed a negative impact as well. COVID-19 has decelerated the growth of global economies and devastated their industries and markets. The global health crisis has hampered the growth of several industries and markets. Thus the increasing demand for more aircraft by airliners is expected to propel aircraft flight control system market growth. As a result, airliners are expanding their aircraft fleets. Due to the increasing population and improving disposable incomes, air travel is also increasing. For instance, the increasing global population is expected to be a major market growth driver in the forthcoming years. Fortune Business Insights™ has presented this information in an upcoming report titled, “Aircraft Flight Control System Market, 2022-2029”.Īs per the report, the AFCS market is gaining significant traction due to several reasons. The system consists of linkages, hydro-mechanical controls, cockpit controls, and flight control surfaces. An aircraft flight control system (FCS) is used to aid the pilot in precision maneuvering. The global aircraft flight control system market size is anticipated to reach its highest CAGR in the forthcoming years.
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