Commercial Aircraft FADEC Market - Growth, Trends, and Forecast (2019 - 2024)
The commercial aircraft FADEC market is anticipated to grow at a CAGR of above 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.
Growing adoption of new technologies that enhance the engine performance like better fuel efficiencies, engine health monitoring, and provides protection against engine failures in out-of-tolerance operations that are generating demand for the production of new FADEC systems.
Scope of the Report
The market study of commercial aircraft Full Authority Digital Engine Controls (FADEC) includes the following segments.
Key Market Trends
Turbofan Segment to Experience the Highest Growth during the Forecast Period
Turbofan segment of the market currently has the highest market share and is expected to grow at the highest CAGR during the forecast period. This is mainly due to the increasing turbofan aircraft procurements by the airlines as they offer higher efficiencies over long distances at higher speeds. The aerospace giants, Boeing and Airbus, manufacture and sell turbofan commercial aircraft only, with 806 and 800 aircraft deliveries in 2018 and 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 Region to Experience the Highest Growth During the Forecast Period
Asia Pacific region is anticipated to have the highest growth during the forecast period. The growth in the FADEC market in this region is propelled by the fast-growing aviation industry in China and India. Also, the countries like Indonesia, South Korea, Singapore, Thailand, Malaysia, Australia, and Vietnam are propelling this growth due to on-going investment in the aviation industry by public and private companies and growth of tourism in this region. The ever-growing commercial aviation is propelling the growth of FADEC systems in this region.
The commercial aircraft FADEC market is highly consolidated with the majority of the share taken by FADEC International. Some of the other prominent players in the market are Honeywell International Inc., United Technology Corporation, Memscap. FADEC International is a joint venture between BAE Systems plc and Safran, 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 for 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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