LONDON--(BUSINESS WIRE)--The global rotorcraft flight control system market is expected to grow at a CAGR of close to 4% during the period 2018-2022, according to a new market research study by Technavio.
The report presents a comprehensive research of the global rotorcraft flight control system market by control mechanism, including collective pitch control, cyclic pitch control, and tail rotor control. The report also determines the geographic breakdown of the market in terms of detailed analysis and impact, which includes key geographies such as APAC, the Americas, and EMEA.
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Market driver: flexibility in rotorcraft flight control system aftermarket services
Globalization has boosted the visibility of products in the global rotorcraft flight control system market and simultaneously obligated the manufacturers to maintain competitive pricing. There is stiff competition among the existing players in the market as manufacturing of rotorcraft utilizes numerous components. This intense competition is encouraging the players to provide better aftermarket services, which include the provision of spare parts and the upgrades of parts during the operational life cycle of rotorcraft.
According to a senior analyst at Technavio for aerospace components research, “The decline in the production rate of rotorcraft can be attributed to the slow growth of the global economy and the volatility in the oil and gas industry. Even though the transportation and light rotorcraft are expected do display significant demand, the global rotorcraft market will witness a decline when compared to the previous years. This will result in demand for the tier-1 and tier-2 component and system suppliers.”
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Market trend: advances in the EMA technology
Electromechanical actuators are linear actuators that are like mechanical actuators, except for the control knob, which is replaced by an electric motor. This device helps in converting the rotary motion of the motor into the linear displacement required for the actuation mechanism. Current advances in high-performance materials with efficient power electronics are expected to drive the market for the adoption of electromechanical actuators. However, there are some issues related to the extreme operating and environmental conditions that need to be sorted out.
Market challenge: alternate printing solutions in enterprise
A major challenge that the rotorcraft manufacturers are facing is to adapt to new technologies as they substitute the old ones. The additional costs associated with the hectic certification processes and the requirements for expertise to carry out processes further add to the challenge. High finances are needed from the government as well as the operator to make the systems more advanced. The estimated cost for R&D of avionics systems is USD 1.5 billion by 2030. Additional costs associated with the facilities and equipment is expected to be USD 16.0 billion, and the operational and maintenance cost will be USD 3.1 billion. Thus, a total sum of USD 20.6 billion needs to be invested for the development of avionics systems. Such high costs are posing as a major challenge for the market.
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