NEW YORK, Jan. 9, 2017 /PRNewswire/ -- The future of the global aerospace control surface market looks good with opportunities in commercial aircraft, regional aircraft, general aviation, and military aircraft segments. The aerospace control surface market is expected to reach an estimated $4.3 billion by 2021 at a CAGR of 3.1% from 2016 to 2021. The major growth drivers of this market are increasing demand for commercial aircraft and the launch of several new aircraft including the Comac C919, Mitsubishi Regional Jet (MRJ), and Sukhoi Super Jet 100.
On the basis of comprehensive research, Lucintel predicts that the demand for spoilers will show the highest growth in the forecast period.
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The study includes a forecast for the growth opportunities in the global aerospace control surface market by product type, aircraft type, control surface type, material type, and region, as follows:
By Control Surface Type (Value $ million from 2010 to 2021):
- Primary Control Surface
- Secondary Control Surface
By Aircraft Type (Value $ million from 2010 to 2021):
- Commercial Aircraft
- Regional Aircraft
- General Aviation
- Military Aircraft
By Product Type (Value $ million from 2010 to 2021):
By Material (Value $ million for 2015):
By Region (Value $ million from 2010 to 2021):
- North America
- Asia Pacific
- Rest of World
Some of the key players of the aerospace control surface market are Boeing Aerostructres Australia, Spirit Aerosystem, Triumph Aerostructure, Aernnova, and GKN Aerospace.
Lucintel's report suggests mergers and acquisitions as players in this market are joining to broaden product portfolios and gain market share.
Within the global aerospace control surface market, the commercial aircraft segment is expected to remain the largest market as commercial aircraft has highest number of control surfaces.
North America is expected to remain the largest region due to presence of aircraft manufactures and aircraft component manufactures that create the largest customer base for aerospace control surface market.
This report answers the following key questions:
Q.1 What are some of the most promising, high-growth opportunities for the global aerospace control surface market by control surface type (primary control surface and secondary control surface), aircraft type (commercial aircraft, regional aircraft, general aviation, and military aircraft), by product type (flaps, slats, spoilers, elevators, ailerons, and rudder), by material (composite, aluminum, and others) and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which region will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges in this market?
Q.5 What are the business risks and threats of this market?
Q.6 What are some changing demands of customers in the market?
Q.7 What are the new developments in the market? Which companies are leading these developments?
Q.8 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.9 How is the competitive rivalry and threat of substitution in this market?
Q.10 What M&A activity has occurred in the last 5 years?
Lucintel has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors' financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel's professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted in the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts in the market. Some of the raw material suppliers in global aerospace control surface market are Hexcel, Cytec, Toray, Alcoa, and others. Some of the aerospace control surface manufacturers in this market are Sprit Aerosystem, Boeing Aero structure Australia, Triumph Aerostructure, and others.
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