Fly-By-Wire System Market – Trends Forecast Till 2030

Market Snapshot

Market Overview

The global Fly-By-Wire System Market size is projected to reach a CAGR of 7.2% from 2023-2030.

Fly-By-Wire Systems are a type of aircraft control system that is used in virtually all aircraft today. It uses an electronic interface to replace the mechanical wires used for controlling aircraft surfaces. This system has a higher degree of control over the ailerons and has significantly less physical taxation on the pilot. The FBW system has a computer that converts the signals from the control stick into electrical signals which are then transmitted to the aircraft.

Growth in the Fly-By-Wire System Market can largely be attributed to growth in the need for agile and lightweight aircraft. Additionally, the factors which will take the market to heights are a rise in demand for gears bringing accurate controls for the aircraft, a rise in dimensions of aircraft fleets worldwide, and an increase in demand for fly-by-wire cockpit controls.

On the other hand, concerns regarding the safety of reprocessed instruments are expected to limit market growth to some extent in the coming years. This, along with factors such as the high cost of endoscope reprocessing, limited reimbursement in developing countries, and end-user non-compliance with sterilization standards, may hamper the growth of the market.

Demand for fly-by-wire systems from the aviation sector has decreased, owing to the COVID-19 pandemic. Currently, many aviation companies are suffering from a financial crisis. The impact of COVID-19 on the fly-by-wire system market forecast is temporary as just the production and supply chain are stalled. Once the situation improves, production, supply chains, and demand gradually going to increase. The COVID-19 pandemic is impacting society and the overall economy globally. The effect of this pandemic is increasing day by day as well as affecting the supply chain. The COVID-19 crisis is making uncertainty in the stock market, immense slowing of the supply chain, falling business confidence, and increasing panic among customers.

Delvens Industry Expert's Standpoint

In terms of the aircraft industry, the demand for agile and lightweight aircraft has been growing in recent years. This is driven by factors such as increasing fuel prices, environmental concerns, and the need for faster and more efficient transportation. There has also been a trend towards using more advanced technologies, such as composites and 3D printing, in aircraft manufacturing. by incorporating the fly-by-wire system, weight management of military airplanes can be achieved, which moreover improves the nimbleness of the airplane. It likewise allows an exceptionally dependable flight envelope protection system, which thus essentially improves the security of an airplane during the flight. Moreover, the rise in the aircraft industry also promotes the market.

Market Portfolio

Key Findings

• Fly-by-wire cockpit control system is one of the components of a flight control system that uses the electronic interface to input control commands made by the pilot or autopilot, and then send the corresponding electrical signals to the flight control actuators. Other components of the flight control system include actuators, flight control computers (primary and secondary), and standby attitude.
   
• The application segment is segmented into Commercial Aviation, Business Aviation, and Military Aviation. Among the application segments, the military aviation segment accounted for a major revenue share in the global fly-by-wire cockpit controls market in 2020, due to the increasing demand and adoption of technologically advanced aircraft for reconnaissance and surveillance, especially in developed countries.
   
• Major advantage of the feedback system of the fly-by-wire cockpit controls is that the flight control systems can be used to reduce the sensitivity to changes in basic aircraft stability characteristics or external disturbances. Military aircraft need to be agile, and therefore a relatively more unstable aircraft may cause issues for the aircraft.

Regional Analysis

North America to Dominate the Market

• 33% of the market’s growth will originate from North America during the forecast period. The US is the key market for aircraft fly-by-wire system market in North America. The technological advances taking place in the aircraft FCS will facilitate the aircraft fly-by-wire system market growth in North America over the forecast period.
   
• The Asia Pacific fly-by-wire cockpit controls market is projected to register the highest revenue growth rate over the forecast period. Rapidly and constantly growing aviation industry in countries in the Asia Pacific in the past few years owing to the growing number of air travelers, rising inclination towards visiting attractive and serene tourist destinations, as well as upgrade of existing aircraft which offers better and safer travel experience. Demand for novel and technologically advanced aircraft is resulting in higher demand for fly-by-wire cockpit controls. Moreover, major manufacturers operating in the region are investing in research and development to offer innovative products to strengthen their market footprint and gain revenue profits. The markets in Japan, China, and India are expected to contribute higher revenue shares in the Asia Pacific market.

Competitive Landscape

• Bombardier
• BAE Systems
• Rockwell Collins
• Honeywell International
• MOOG
• UNITED TECHNOLOGIES
• Textron
• Embraer
• Dassault Aviation
• General Dynamics.

Recent Developments

• In June of 2019, Honeywell International announced the development of a new type of FBW that ushers into a new era for autonomous aircraft by having the brain of the aircraft in the FBW system itself allowing for a greater degree of freedom in maneuvering.
   
• In November 2019, Moog Inc. was awarded a 400 million USD contract for the production of an electro-hydrostatic actuation system, primary flight control actuation system, wing old actuation system, and leading flap edge drive system for F-35 fighter jets.

Reasons to Acquire

• Increase your understanding of the market for identifying the most suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.
   
• Gain authentic and granular data access for Fly-By-Wire System Market to understand the trends and the factors involved in changing market situations.
   
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
   
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.

Report Scope