Fly-By-Wire System Market

Fly-By-Wire System Market Outlook – 2027

The global fly-by-wire system market size is experiencing a significant growth and is expected to grow considerably in the next few years. Fly-by-wire system denotes flight control systems that use processors to manage flight control inputs given by autopilot or pilot, and at that moment transmit equivalent electrical signals to flight control actuators. The benefits of fly-by-wire include damage tolerance, reduction in weight, improved reliability, and effective control of a highly controllable aircraft. 

The fly-by-wire mechanism changes mechanical linkage, so that a specific control system is obtained. Fly-by-wire (FBW) provides aircrafts with the capability to ensure that unintended increase in the angle of attack or sideslip is detected and quickly and automatically fixed by marginally opposite deflecting control surfaces.

The global fly-by-wire system market is segmented on the basis of type, application, industry vertical and region. Based on type, the market is divided into fullу flу-bу-wіrе соntrоlѕ and mесhаnісаl flight соntrоl bасkuр ѕуѕtеmѕ. In terms of application, the market is categorized into commercial aviation, business aviation, and military aviation. In terms of industry vertical, the market is segregated into aircraft industry and space industry. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).

Key players operating in the global fly-by-wire system industry include Bombardier, BAE Systems, Rockwell Collins, Honeywell International, MOOG, UNITED TECHNOLOGIES, Textron, Bombardier, Embraer, Dassault Aviation, and General Dynamics. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global market.

Market Scope and Structure Analysis

COVID-19 Scenario Analysis

• Demand for fly-by-wire system from the aviation sector has decreased, owing to the COVID-19 pandemic.
• Currently many aviation companies are suffering from financial crisis. The impact of COVID-19 on fly-by-wire system market forecast is temporary as just the production and supply chain is stalled. Once the situation improves, production, supply chains, and demand are 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. 

Top Impacting Factors

Growth in need for agile and lightweight aircraft is the key driving factor for the fly-by-wire system market growth. Rise in demand for gears bringing accurate controls for the aircraft is another important factor that leads to the market growth. However, high cost of equipment with respect to conventional control systems hinders the fly-by-wire system market share. Rise in dimensions of aircraft fleet worldwide and increase in demand for fly-by-wire cockpit controls drives growth of the market usage for gears that provides precise controls.

Surge in Use in Automotive and Industrial Applications 

Coordination of electrical frameworks in an airplane encourages computerization of airplane operations. This acknowledgment of more-electric airplane diminishes support, fuel utilization, and emissions. In addition, it enhances environmental impression, integration and production serviceability, viability, and stabilizes disadvantages of traditional actuation techniques.

Military airplanes should be agile, hence by incorporating the fly-by-wire system, weight management of military airplane can be achieved, which moreover improves nimbleness of the airplane. It likewise allows an exceptionally dependable flight envelope protection system, which thus essentially improves security of an airplane during the flight. Moreover, rise in the aircraft industry also promotes the market.

Key Segments Covered

Key Benefits of the Report

• This study presents the analytical depiction of the global Fly-By-Wire system industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis Fly-By-Wire system market analysis.
• The fly-by-wire system market trends are quantitatively analyzed from 2020 to 2027 to highlight the global Fly-By-Wire system market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed global Fly-By-Wire system market analysis based on competitive intensity and how the competition will take shape in the coming years.

Questions Answered in the Fly-By-Wire System Market Research Report

• Who are the leading market players active in the market?
• What would be the detailed impact of COVID-19 on the market?
• What current trends would influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What are the projections for the future that would help in taking further strategic steps?

 Fly-By-Wire System Market Report Highlights