Thrust vector control (TVC) systems are used in controlling the flight path of launch vehicles, spacecraft, and fighter jets. Increasing investments in space research and military applications are poised to fuel demand for the product over the next couple of years. This report by Market Research Future (MRFR) highlights that the global thrust vector control (TVC) systems market is anticipated to mark a CAGR of over 10% during the review period 2018 to 2023.
The rising demand for high maneuverable fighter jets is likely to pave the growth trajectory of the thrust vector control (TVC) systems market in the years to come. Also, the rising investments in space exploration activities by the U.S., China, India, and Russia are anticipated to boost market growth in the forthcoming years.
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Honeywell International, Inc. (US), JSC PMZ VOSKHOD (Russia), JASC Corporation (US), Moog, Inc. (US), Parker Hannifin Corporation (US), NAMMO AS (Norway), SABCA NV (Belgium), Wickman Spacecraft & Propulsion Company (US), Sierra Nevada Corporation (US), and Woodward, Inc. (US) are some of the major manufacturers operating in the global thrust vector control (TVC) systems market.
The segments of the thrust vector control (TVC) systems market, by type, are – electrohydraulic systems, electromechanical systems, and other systems. Among these, the electromechanical systems segment held the largest share of the market in 2017. It is projected to maintain its prominence across the evaluation period owing to its effectiveness in steering control of the rocket motors of spacecraft, missiles, and satellite launch vehicles.
Two key end-user segments of the thrust vector control (TVC) systems market profiled in this assessment covers defense organizations and space agencies. The defense organizations segment led the market in 2017 and is anticipated to account for a substantial share of the market in the nearby future. Increasing investments in the procurement of high maneuverable fighter aircraft are projected to favor the expansion of the segment over the upcoming years.
The segments of the global thrust vector control (TVC) systems market, on the basis of component, are electronic control unit (ECU), actuators, and other subsystems. Among these, the actuators segment, which accounted for the maximum share in 2017, is prognosticated to exhibit swift growth in the nearby future. The product is in demand for its precision directional control. This, in turn, is prognosticated to lead the growth of the segment through the assessment period.
The global thrust vector control (TVC) systems market is assessed on a regional basis, which covers – Asia Pacific (APAC), North America, Europe, and the Rest of the World (RoW). North America is anticipated to maintain its standing at the forefront position in the market over the forecast period. One of the key drivers of the thrust vector control (TVC) systems market in the region is the presence of combat aircraft OEMs. Also, the investments by these players in the development and production of high maneuverable fighter jets are anticipated to lead the TVC market in region over the next couple of years. Increasing space research activities by the NAS in the U.S. is presumed to drive the regional market’s growth in the nearby future. Canada is also expected to contribute to the development of the thrust vector control (TVC) systems market in the upcoming years.
These players are investing in organic growth strategies such as product launches, research & development, product innovations, technological innovations, etc. for strengthening their positions in the global market place. In addition, the focus on the expansion of their footprint globally is also expected to encourage robust competition in the thrust vector control (TVC) systems market in the upcoming years. Some of the inorganic approaches that are poised to have a favorable impact on the competitive scenarios of the market are – mergers, collaborations, agreements, acquisitions, etc.
Table of Content:
1. Executive Summary
2. Scope of The Report
2.1. Market Definition
2.2. Scope of The Study
2.2.2. Research Objective
2.2.3. List of Assumptions
3. Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
Continued. . .
List of Tables:
Table 1 Global Thrust Vector Control Systems Market, By Region, 2018–2023
Table 2 North America: Thrust Vector Control Systems Market, By Country, 2018–2023
Table 3 Europe: Thrust Vector Control Systems Market, By Country, 2018–2023
Table 4 Asia-Pacific: Thrust Vector Control Systems Market, By Country, 2018–2023
Table 5 Rest of The World: Thrust Vector Control Systems Market, By Country, 2018–2023
Table 6 Global Thrust Vector Control Systems Type Market, By Region, 2018–2023
Table 7 North America: Thrust Vector Control Systems Type Market, By Country, 2018–2023
Continued. . .
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