(MENAFN- America News Hour) The market is anticipated to register a CAGR of over 5% during the forecast period.
The
market for commercial aircraft fadec
systems is majorly driven by the demand for new-generation aircraft in the commercial aviation industry.
– Increasing adoption rates of new technologies that enhance the engine's performance, by offering better fuel efficiencies and engine health monitoring, and provide protection against engine failures in out-of-tolerance operations are generating demand for the production of new FADEC systems.
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Key Market Trends
Turbofan Segment to Experience the Highest Growth During the Forecast Period
Currently, the turbofan segment of the market has the highest share, and is expected to record the highest CAGR during the forecast period. This is mainly due to the increasing turbofan aircraft procurements by airlines, as they offer high efficiencies over long distances at high speeds. The aerospace giants, The Boeing Company and Airbus SE, manufacture and sell turbofan commercial aircraft only, with 806 and 800 aircraft deliveries in 2018 respectively. This number is expected to further increase in the coming future. The increasing air travel, along with the need for fuel-efficient aircraft by airlines, is expected to drive the demand for this segment during the forecast period.
Asia-Pacific is Expected to Experience the Highest Growth During the Forecast Period
Asia-Pacific is anticipated to have the highest growth during the forecast period. The growth in the commercial aircraft FADEC market in this region is propelled by the fast-growing aviation industry in China and India. Additionally, countries, like Indonesia, South Korea, Singapore, Thailand, Malaysia, Australia, and Vietnam, are propelling this growth, due to the on-going investments in the aviation industry by public and private companies and the growth of tourism in this region. Moreover,the ever-growing commercial aviation is propelling the growth of the market in this region.
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Competitive Landscape
The commercial aircraft FADEC market is highly consolidated, with majority of the share held by FADEC International. Some of the other prominent players in the market are Honeywell International Inc., United Technology Corporation, and MEMSCAP SA. FADEC International is a joint venture between BAE Systems plc and Safran SA, which currently provides FADEC systems to the A320, A330, A380 737 Max, COMAC C919, and 777X aircraft. The company recently broadened its agreement with GE Aviation to develop, produce, and support FADEC systems for the future GE Aviation engines, including LEAP, Passport, GE9X, and ATP engines. With such developments and partnerships with MRO services, FADEC International is continuing its domination over the market.
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