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).
Aircraft Trends
The aircraft control surfaces market is segmented as commercial aircraft, regional aircraft, military aircraft, and general aviation. Despite taking a nosedive in 2020, commercial aircraft is expected to remain the largest as well as the fastest-growing segment of the market during the forecast period. The vast pile of order backlog of aircraft of Boeing and Airbus along with the expected entry of upcoming aircraft programs such as, C919, B777X, and MC-21, are some major factors that are likely to strengthen the segment’s market growth in the near future.
Material Trends
Analogously to the aircraft types, the report also provides a deep-dive analysis of the different materials used to manufacture control surfaces. Aluminum, stainless steel, and composites are used, out of which composite holds the lion’s share and are also likely to grow at the above industry average growth rate by 2026. Key advantages of composites over aluminum and stainless steel, such as lightweight, durability, corrosion resistance, flexibility in design, and high impact strength.
Regional Analysis
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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