THRUST VECTOR CONTROL SYSTEM MARKET ANALYSIS

Market Challenges And Opportunities

Increasing production of military aircrafts is one of the major factors driving growth of the thrust vector control system market

Major factor attributed to growth of the TVC system is the increasing production of military aircrafts. For instance, AIRBUS published its order, deliveries, and operation status till October 2017. The total order received by AIRBUS for military aircraft was 1,948 and the total number of deliverers was 1,527 with 1,212 military aircrafts are in operation. The major advantage of using TVC system in military aircraft is its ability to improve the maneuverability of the aircraft. Moreover, the system offers shorter take-off and landing runs and also extended flight envelope. Therefore, these factors are expected to drive growth of the TVC system market over the forecast period.

However, the level of complexity is very high, which further requires skilled workforce for developing these TVCs. Therefore, the lack of availability of skilled forces is further expected to hinder growth of the market.