Aerospace Pilot Control Market is Forecast to Reach US$ 543.6 Million in 2028, Says Stratview Research

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Dec 18, 2023, 11:32 ET

The Aerospace Pilot Control Market is likely to grow at a significant CAGR of 4.3% during 2023-2028, to reach US$ 543.6 Million in 2028, states Stratview Research.

DETROIT, Dec. 18, 2023 /PRNewswire/ -- Stratview Research, a global market research firm has launched a report on the aerospace pilot control market which provides a comprehensive analysis of the global and regional industry forecast, current & emerging trends, segment analysis, and competitive landscape.

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Report Highlights

Market Size in 2028	US$ 543.6 Million in 2028
Growth (CAGR)	4.3% during 2023-2028
Forecast Period	2023-2028
Trend Period	2016-2021
Base Year	2022
Number of Segments Covered	4
Number of Tables & Graphs	80+
Country-Level Market Assessment	20

Segment Insights on Aerospace Pilot Control Market

The aerospace pilot control market is segmented based on platform type, pilot control type, end-user type, and region.

Based on platform type - The aerospace pilot control market is segmented into commercial aircraft, regional aircraft, general aviation, helicopters, defense, UAVs, and space. Commercial aircraft is expected to remain the largest market category 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.

Based on pilot control type - The market is segmented into yokes, side sticks, rudder brake pedal systems, and throttle quadrant assembly. Yokes are estimated to remain the dominant pilot control type in the market 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.

Based on end-user type- The aerospace pilot control market is segmented into OE and aftermarket based on the end-user type. OE is estimated to remain the dominant as well as the fastest-growing end-user type in the market in the foreseeable future.

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Which Region Offers the Best Opportunity and Growth?

The report suggests that North America is anticipated to maintain its dominance in the aerospace pilot control market 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.

Asia-Pacific is expected to witness the highest growth rate during the forecast period and driven by upcoming indigenous aircraft by China (C919) coupled with the increasing defense budgets of emerging Asian economies.

Aerospace Pilot Control Market Drivers

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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Top 10 Companies in Aerospace Pilot Control Market?

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:

Woodward Inc.
Collins Aerospace
TransDigm Group
Parker Hannifin Corp.
Safran S.A
BAE Systems Plc
Sensata Technologies, Inc.
Essex Industries, Inc.
Grayhill, Inc.
Aeromaoz Ltd.

What Deliverables Will You Get in this Report?

Key questions this report answers	Relevant contents in the report
How big is the sales opportunity?	In-depth Analysis of the Aerospace Pilot Control Market
How lucrative is the future?	Market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?	Global, regional, and country-level historical data and forecasts
Which are the most attractive market segments?	Market segment analysis and forecast
Which are the top players and their market positioning?	Competitive landscape analysis, Market share analysis
How complex is the business environment?	Porter's five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?	Drivers & challenges
Will I get the information on my specific requirements?	10% free customization

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About us –

Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. The reliability and insightfulness of the reports enable the readers to take convincing business decisions.

Stratview Research has been helping companies to meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

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SOURCE Stratview Research