Increasing number of orders for new aircraft
The rise in per capita income of various countries, such as India and China, has made air travel affordable for their population, thereby contributing to an increase in the global air passenger traffic. According to a study conducted by the International Air Transport Association (IATA) in May 2015, the number of air passengers is expected to be over 7 billion by 2035, with a growth rate of 4.1% per annum. The growth of the global commercial aviation market is expected to triple over the next 20 to 30 years. Moreover, the development of fuel-efficient aircraft, which has led to cost-effective aircraft operations, has increased the profitability of airlines across the globe. The operational efficiency of an aircraft is determined by various factors such as aircraft design, navigation & flight paths taken by aircraft, and weather conditions. Advancements in navigational technologies used in aircraft, along with efficient flight operations, technical operations, and ground operations have enhanced the efficiency and cost-effectiveness of aircraft operations for airlines. These factors have led to an increase in the number of orders for new aircraft across the globe, which is expected to contribute to the growth of the aircraft flight control system market during the forecast period.
The growth of the aviation sector across the globe is expected to contribute to the increased demand for new aircraft to accommodate the growing air passenger traffic. This is expected to lead to an increase in the number of orders for new aircraft across the globe, thereby fueling the growth of the aircraft flight control system market during the forecast period.
The increasing demand for more electric aircraft across the globe leads to the growing demand for aircraft flight control systems using fly by wire technology. The increased demand for fly by wire aircraft flight control systems can be attributed to their light weight, low power consumption, and increased accuracy, stability, and controllability. The reduction in the overall weight of aircraft, owing to the use of lightweight fly by wire aircraft flight control systems, results in increased fuel efficiency. Moreover, fly by wire aircraft flight control systems have lower maintenance costs as compared to conventional aircraft flight control systems.
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Increased demand for lightweight flight control systems
Manufacturers of aircraft are focusing on the development of fuel-efficient aircraft to cater to the different requirements of both, the commercial and defense sectors. Technological advancements in the aerospace & defense industry across the globe and increased demand for improved power performance of aircraft have led to the retrofitting of existing military and commercial aircraft.
Manufacturers of aircraft flight control systems are developing protocols that reduce wiring and lower the life cycle costs of these systems, thereby reducing the time taken to market them. These manufacturers are making efforts to replace the point-to-point wiring and unidirectional buses in aircraft with fast and efficient bi-directional data buses.
Moreover, the increased efforts to reduce SWaP specifications in the aviation industry have resulted in technological advancements in aircraft flight control systems. The communication-related functions of aircraft flight control systems have been optimized to reduce power consumption by these systems.
The increased demand for lightweight aircraft across the globe has led to the development of lightweight aircraft flight control systems using fly by optics or fly by light technology. These systems enable high-speed and accurate data transmission. In these systems, the data generated by software and interpreted by controllers remains the same. Aircraft flight control systems using optical fibers and optical sensors are called fly by light systems. These systems are highly efficient and accurate in transferring data from one component to another in an aircraft.
Emergence of new aircraft manufacturers in Asia Pacific and Latin America
Emergence of new aircraft manufacturers in the Asia Pacific and Latin American regions is one of the major opportunities for the growth of the aircraft flight control system market. Commercial Aircraft Corporation of China, Ltd. (COMAC) (China), Embraer SA (Brazil), and Mitsubishi Aircraft Corporation (Japan) are some of the new aircraft manufacturing companies. Mitsubishi Aircraft Corporation is engaged in the production of regional aircraft while COMAC manufactures commercial, business, and regional aircraft. Increasing demand for commercial aircraft, business jets, and regional transport aircraft, owing to the increased air passenger traffic across the globe is expected to provide growth opportunities for the new aircraft manufacturers, thereby leading to an increase in their production. This, in turn, is expected to result in increased demand for aircraft flight control systems, thereby serving as a growth opportunity for the aircraft flight control system market during the forecast period.
High manufacturing costs of components used in aircraft flight control systems
The high costs involved in the development of components used in aircraft flight control systems pose a challenge for the manufacturers operating in the aircraft flight control system market. Aircraft flight control systems comprise flight control computers, sensors, and actuators. Aircraft flight control systems and their components have to be high-precision products. Moreover, components also have to be of high-quality and should comply with the aviation standard norms formulated by various governments to ensure safe air transportation. All these result in high manufacturing costs, which, in turn, results in the high prices of these systems.
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