{"id":128348,"date":"2024-02-06T03:02:31","date_gmt":"2024-02-06T08:02:31","guid":{"rendered":"https:\/\/v2fr5er78d.funnewsdaily.com\/books\/aircraft-flight-control-system-market-is-expected-to-grow-from-us-17-5-billion-in-2024-to-us-40-2-billion-by-2034-exhibiting-a-cagr-of-8-7\/"},"modified":"2024-02-06T03:02:31","modified_gmt":"2024-02-06T08:02:31","slug":"aircraft-flight-control-system-market-is-expected-to-grow-from-us-17-5-billion-in-2024-to-us-40-2-billion-by-2034-exhibiting-a-cagr-of-8-7","status":"publish","type":"post","link":"https:\/\/v2fr5er78d.funnewsdaily.com\/books\/aircraft-flight-control-system-market-is-expected-to-grow-from-us-17-5-billion-in-2024-to-us-40-2-billion-by-2034-exhibiting-a-cagr-of-8-7\/","title":{"rendered":"Aircraft Flight Control System Market is expected to grow from US$ 17.5 billion in 2024 to US$ 40.2 billion by 2034, exhibiting a CAGR of 8.7%"},"content":{"rendered":"

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The global aircraft flight control systems market is driven by increase in demand for aircraft due to continuous growth of air travel, rise in use of aircraft in military applications, and surge in technological advancements. However, higher cost of manufacturing and integration of FCS on aircraft restrain the market growth. In addition, limited lifespan of FCS is another factor that limits the growth of the market. Furthermore, continuous R&D activities to reduce the weight of FCS and increase in demand for lightweight FCS are expected to boost the market growth.<\/h2>\n

NEWARK, Del, Feb. 01, 2024 (GLOBE NEWSWIRE) — The global aircraft flight control system market<\/a> value in 2019 was US$ 10.4 billion<\/strong>. In the following five years (2019 to 2023), the demand for aircraft flight control systems increased at an annual growth rate of 11.2%<\/strong>. By 2023 end, the total value of the market was US$ 15.8 billion<\/strong>.<\/p>\n

In 2024, the worth of the aircraft flight control system industry is estimated to be around US$ 17.5 billion<\/strong>. Over the next ten years, the sales of aircraft flight control systems are projected to rise at an 8.7%<\/strong> rate. The total valuation of the market is forecast to reach up to US$ 40.2 billion<\/strong> by the end of this forecast period.<\/p>\n

Request for a Sample of this Research Report: <\/strong>https:\/\/www.futuremarketinsights.com\/reports\/sample\/rep-gb-18871<\/a><\/p>\n

The growing popularity of air travel in all countries remains the key factor for the growth and development of aircraft or aerospace flight control systems. Improved safety protocols for the aviation sector in numerous countries are likely to drive the market further in the coming days.<\/p>\n

\u201cModernization of military aviation with higher investment in China and the United States has played a crucial role in the advancement of flight control technology. Advancement in connectivity and data Integration solutions have also improved aircraft capabilities through flight control systems that easily interface with data networks and communication platforms\u201d <\/em><\/strong>\u2013 says Nikhil Kaitwade, Associate Vice President at Future Market Insights, Inc.<\/a><\/p>\n

Key Takeaways from the Aircraft Flight Control System Market Study Report<\/strong><\/p>\n