Industria
Aerospace Pilot Control Market is Forecast to Reach US$ 543.6 Million in 2028, Says Stratview Research
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The aerospace pilot control market is segmented based on , pilot control type, end-user type, and .
The aerospace pilot control market is segmented into commercial aircraft, regional aircraft, general aviation, helicopters, defense, UAVs, and space. during the forecast period. A rise in the production rates of various commercial aircraft is anticipated to boost market demand in the coming years.
In its recent outlook (2022-2041), Boeing predicted that there would be deliveries of about 41,170 commercial and regional aircraft over the next twenty years, averaging over 2,059 aircraft each year.
The market is segmented into yokes, side sticks, rudder brake pedal systems, and throttle quadrant assembly. during the forecast period. Yokes are preferred owing to their advantages, such as being less expensive, providing greater safety, and giving more stability to the aircraft while flying
The aerospace pilot control market is segmented into OE and aftermarket based on the end-user type.
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The report suggests that during the forecast period.
This growth is majorly attributed to the following –
- This region has a presence of leading pilot control manufacturers, such as Woodward Inc., Parker Hannifin Corporation, and TransDigm Group.
- In addition to that, the presence of key OEMs, such as Boeing, Lockheed Martin, Gulfstream, and Textron, in the region, will fuel the demand for pilot control.
and driven by upcoming indigenous aircraft by China (C919) coupled with the increasing defense budgets of emerging Asian economies.
Some of the key drivers listed in the report are given below.
- An expected rise in the production rate of key programs.
- Entry of programs (B777x, C919, and MC-21).
- An expected rise in the aircraft fleet size.
- Increasing electrification of aircraft.
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The market is moderately concentrated, with the presence of some regional and global players. Most of the major players compete on some of the governing factors, including price, product offerings, regional presence, etc. The following are the key players in the aerospace pilot control market:
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