Aircraft Control Surfaces Market to Witness Robust Expansion by 2026
The Aircraft Control Surfaces Market is segmented by Aircraft Type (Commercial Aircraft, (Regional Aircraft, Military Aircraft, and General Aviation), Material Type (Aluminum, Stainless Steel, and Composites), Type (Primary Control Surfaces [Ailerons, Rudders, Elevators] and Secondary Control Surfaces [Spoilers, Flaps, Slats, and Air brakes]), and Region (North America, Europe, Asia-Pacific, and Rest of the World).
What is an aircraft control surface?
Aircraft control surfaces are aerodynamic devices that are used to adjust and control the flight altitude of the aircraft. The development of an effective set of aircraft control surfaces is the major focus of the aviation industry. Aircraft control surfaces are of two types: primary and secondary control surfaces. Primary control surfaces are the most important ones, airplanes rely on them during take-offs and landings. Secondary flight control surfaces are supplemental devices that assist in the aforementioned flight processes.
The aircraft control surfaces market experienced an excellent growth rate till 2018; however, in 2019, the market experienced a slight decline mainly due to B737 Max grounding across regions, putting a halt to the industry's rapid growth. The sudden outbreak of the Covid-19 pandemic exacerbated industry challenges, resulting in a sharp plunge of -31.5% in the aircraft control surfaces market in 2020. Despite such a graver situation faced by the industry, it gradually heads towards the path of healing, a similar impact is likely to be felt in the market for aircraft control surfaces.
In terms of regions, North America is expected to remain the largest market for aircraft control surfaces during the forecast period. The USA is not only the largest market in North America but also in the world, owing to the presence of many aircraft OEMs and tier players such as Boeing, Airbus, Lockheed Martin, Bombardier Inc., Gulfstream Aerospace, GE Aviation.
Asia-Pacific will witness the highest growth during the forecast period with China and India are likely to remain the major markets in the region. India is likely to be the new growth engine of the region’s demand for aircraft control surfaces in the coming five years.
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