Thrust Vector Control Market size to grow by USD 2,575.3 million from 2022 to 2027, Almatech and BAE Systems Plc emerge as key contributors to market growth - Technavio

NEW YORK, May 5, 2023 /PRNewswire/ -- The thrust vector control market is expected to grow by USD 2,575.3 million from 2022 to 2027. The market is expected to decelerate at a CAGR of 5.28% during the forecast period. North America is estimated to account for 34% to the growth of the global thrust vector control market during the forecast period. The aerospace market is highly competitive across the world. Boeing, Embraer, and Bombardier are the major commercial aircraft manufacturers in the region and these aircraft OEMs are competing with companies from Europe and Asia for their share in the global market. The competition prompts Tier 1 and Tier 2 suppliers in the region to increase their manufacturing capacity, expand their footprint in the region, and attract investment from overseas suppliers and components from their suppliers, who seek to partner with major OEMs. Hence, such factors drive the regional market during the forecast period. For more insights on market size - Request the Sample Report

Thrust Vector Control Market: Segmentation Analysis

This report extensively covers market segmentation by technology (flex nozzle, gimbal nozzle, thrusters, and rotating nozzle), type (thrust vector actuation system, thrust vector injection system, and thrust vector thruster system), and geography (North America, Europe, APAC, South America, and Middle East and Africa).

• The market share growth by the flex nozzle segment will be significant for the market's growth during the forecast period. The FNC device uses an actuation mechanism, which allows the underwater nozzle. This is connected to the main motor by a flexible joint, to be vectorized in all directions and at specified angles. Hence, the increasing adoption of small satellite launchers is expected to drive the growth of the flex nozzle segment of the global thrust vector control (TVC) market during the forecast period. 

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Key factor driving market growth

• The need for thrust reversers to deal with adverse weather conditions during landing is a key driver the growth of the global TVC market. 
• Thrust reversers reduce brake wear and provides directional control during aborted launches.
• Even though this is an auxiliary braking system, airlines install thrust reversers for effectiveness in bad weather where the wheel braking system may fail.
• Airports in Europe and North America have severe ice build-up on runways, preventing a smooth landing of aircraft. In situations like these, when the wheel brakes and aerodynamic braking systems fail to halt the aircraft, thrust reversers are very effective.
• Hence, factors such as increased development and innovations of thrust vector control systems are expected to drive the market during the forecast period.

Leading trends influencing the market

• Growing demand for commercial and general aircraft is one of the emerging trends in the global TVC market growth. 
• The consolidation of different economies through globalization and the increase in skilled labor and air transportation of goods, a growing middle-class population in the world due to continued economic growth and a corresponding increase in the frequency of holiday air travel are factors associated with the growth. 
• Additionally, the rapid improvement of civil aviation infrastructure has increased the demand for thrust vectoring systems.
• As a result of this, global civil air traffic is growing rapidly and aircraft utilization is very high. Furthermore, the rising aircraft use ratio indicates the average number of landings per aircraft per day is increasing.
• Hence, such trends influence the growth of the market during the forecast period.

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Competitive Analysis

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies, growth strategies, product innovations, new product launches, investments, growth in market share, among others, Buy the Report

What are the key data covered in thisTVC market report?

• The thrust vector control market size is expected to decelerate at a CAGR of 5.28% during the forecast period.
• The thrust vector control market is segmented Technology (Flex nozzle, Gimbal nozzle, Thrusters, and Rotating nozzle), Type (Thrust vector actuation system, Thrust vector injection system, and Thrust vector thruster system), and Geography (North America, Europe, APAC, South America, and Middle East and Africa).
• The market is fragmented due to the presence of many/few established vendors holding significant market share.
• The research report offers information on several market vendors, including Almatech, BAE Systems Plc, Creative Motion Control, General Electric Co., Honeywell International Inc., JASC Corp., Leidos Holdings Inc., Moog Inc., Steven Douglas Corp., TT Electronics Plc, Wickman Spacecraft and Propulsion Co., Woodward Inc., Northrop Grumman Systems Corp., and Raytheon Technologies Corp.

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Table of Contents:

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Technology
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global vector control market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global vector control market 2017 - 2021 ($ million)

• 4.2 Technology Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Technology Segment 2017 - 2021 ($ million)

• 4.3 Type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Technology

• 6.1 Market segments
• Exhibit 30: Chart on Technology - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Technology - Market share 2022-2027 (%)

• 6.2 Comparison by Technology 
• Exhibit 32: Chart on Comparison by Technology
• Exhibit 33: Data Table on Comparison by Technology

• 6.3 Flex nozzle - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Flex nozzle - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Flex nozzle - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Flex nozzle - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Flex nozzle - Year-over-year growth 2022-2027 (%)

• 6.4 Gimbal nozzle - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Gimbal nozzle - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Gimbal nozzle - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Gimbal nozzle - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Gimbal nozzle - Year-over-year growth 2022-2027 (%)

• 6.5 Thrusters - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Thrusters - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Thrusters - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Thrusters - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Thrusters - Year-over-year growth 2022-2027 (%)

• 6.6 Rotating nozzle - Market size and forecast 2022-2027 
• Exhibit 46: Chart on Rotating nozzle - Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Data Table on Rotating nozzle - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Chart on Rotating nozzle - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Rotating nozzle - Year-over-year growth 2022-2027 (%)

• 6.7 Market opportunity by Technology 
• Exhibit 50: Market opportunity by Technology ($ million)
• Exhibit 51: Data Table on Market opportunity by Technology ($ million)

7 Market Segmentation by Type

• 7.1 Market segments
• Exhibit 52: Chart on Type - Market share 2022-2027 (%)
• Exhibit 53: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type
• Exhibit 54: Chart on Comparison by Type
• Exhibit 55: Data Table on Comparison by Type

• 7.3 Thrust vector actuation system - Market size and forecast 2022-2027 
• Exhibit 56: Chart on Thrust vector actuation system - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Thrust vector actuation system - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Thrust vector actuation system - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Thrust vector actuation system - Year-over-year growth 2022-2027 (%)

• 7.4 Thrust vector injection system - Market size and forecast 2022-2027 
• Exhibit 60: Chart on Thrust vector injection system - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Data Table on Thrust vector injection system - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Chart on Thrust vector injection system - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Thrust vector injection system - Year-over-year growth 2022-2027 (%)

• 7.5 Thrust vector thruster system - Market size and forecast 2022-2027 
• Exhibit 64: Chart on Thrust vector thruster system - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Data Table on Thrust vector thruster system - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Chart on Thrust vector thruster system - Year-over-year growth 2022-2027 (%)
• Exhibit 67: Data Table on Thrust vector thruster system - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Type 
• Exhibit 68: Market opportunity by Type ($ million)
• Exhibit 69: Data Table on Market opportunity by Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 71: Chart on Market share by geography 2022-2027 (%)
• Exhibit 72: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 73: Chart on Geographic comparison
• Exhibit 74: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027 
• Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027 
• Exhibit 83: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 87: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 95: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 Germany - Market size and forecast 2022-2027 
• Exhibit 99: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.10 UK - Market size and forecast 2022-2027 
• Exhibit 103: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.11 China - Market size and forecast 2022-2027 
• Exhibit 107: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 108: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 109: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.12 Japan - Market size and forecast 2022-2027 
• Exhibit 111: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 112: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 113: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 114: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 115: Market opportunity by geography ($ million)
• Exhibit 116: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 117: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 118: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 119: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 120: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 121: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 122: Matrix on vendor position and classification

• 12.3 Almatech
• Exhibit 123: Almatech - Overview
• Exhibit 124: Almatech - Product / Service
• Exhibit 125: Almatech - Key offerings

• 12.4 BAE Systems Plc
• Exhibit 126: BAE Systems Plc - Overview
• Exhibit 127: BAE Systems Plc - Business segments
• Exhibit 128: BAE Systems Plc - Key offerings
• Exhibit 129: BAE Systems Plc - Segment focus

• 12.5 Creative Motion Control 
• Exhibit 130: Creative Motion Control - Overview
• Exhibit 131: Creative Motion Control - Product / Service
• Exhibit 132: Creative Motion Control - Key offerings

• 12.6 General Electric Co.
• Exhibit 133: General Electric Co. - Overview
• Exhibit 134: General Electric Co. - Business segments
• Exhibit 135: General Electric Co. - Key news
• Exhibit 136: General Electric Co. - Key offerings
• Exhibit 137: General Electric Co. - Segment focus

• 12.7 Honeywell International Inc. 
• Exhibit 138: Honeywell International Inc. - Overview
• Exhibit 139: Honeywell International Inc. - Business segments
• Exhibit 140: Honeywell International Inc. - Key news
• Exhibit 141: Honeywell International Inc. - Key offerings
• Exhibit 142: Honeywell International Inc. - Segment focus

• 12.8 JASC Corp.
• Exhibit 143: JASC Corp. - Overview
• Exhibit 144: JASC Corp. - Product / Service
• Exhibit 145: JASC Corp. - Key offerings

• 12.9 Leidos Holdings Inc.
• Exhibit 146: Leidos Holdings Inc. - Overview
• Exhibit 147: Leidos Holdings Inc. - Business segments
• Exhibit 148: Leidos Holdings Inc. - Key offerings
• Exhibit 149: Leidos Holdings Inc. - Segment focus

• 12.10 Moog Inc.
• Exhibit 150: Moog Inc. - Overview
• Exhibit 151: Moog Inc. - Business segments
• Exhibit 152: Moog Inc. - Key offerings
• Exhibit 153: Moog Inc. - Segment focus

• 12.11 Northrop Grumman Systems Corp. 
• Exhibit 154: Northrop Grumman Systems Corp. - Overview
• Exhibit 155: Northrop Grumman Systems Corp. - Business segments
• Exhibit 156: Northrop Grumman Systems Corp. - Key news
• Exhibit 157: Northrop Grumman Systems Corp. - Key offerings
• Exhibit 158: Northrop Grumman Systems Corp. - Segment focus

• 12.12 Raytheon Technologies Corp. 
• Exhibit 159: Raytheon Technologies Corp. - Overview
• Exhibit 160: Raytheon Technologies Corp. - Business segments
• Exhibit 161: Raytheon Technologies Corp. - Key news
• Exhibit 162: Raytheon Technologies Corp. - Key offerings
• Exhibit 163: Raytheon Technologies Corp. - Segment focus

• 12.13 Steven Douglas Corp.
• Exhibit 164: Steven Douglas Corp. - Overview
• Exhibit 165: Steven Douglas Corp. - Product / Service
• Exhibit 166: Steven Douglas Corp. - Key offerings

• 12.14 TT Electronics Plc
• Exhibit 167: TT Electronics Plc - Overview
• Exhibit 168: TT Electronics Plc - Business segments
• Exhibit 169: TT Electronics Plc - Key offerings
• Exhibit 170: TT Electronics Plc - Segment focus

• 12.15 Wickman Spacecraft and Propulsion Co. 
• Exhibit 171: Wickman Spacecraft and Propulsion Co. - Overview
• Exhibit 172: Wickman Spacecraft and Propulsion Co. - Product / Service
• Exhibit 173: Wickman Spacecraft and Propulsion Co. - Key offerings

• 12.16 Woodward Inc.
• Exhibit 174: Woodward Inc. - Overview
• Exhibit 175: Woodward Inc. - Business segments
• Exhibit 176: Woodward Inc. - Key news
• Exhibit 177: Woodward Inc. - Key offerings
• Exhibit 178: Woodward Inc. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 179: Inclusions checklist
• Exhibit 180: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 181: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 182: Research methodology
• Exhibit 183: Validation techniques employed for market sizing
• Exhibit 184: Information sources

• 13.5 List of abbreviations 
• Exhibit 185: List of abbreviations

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