Thrust Vector Control System Market Size, Share, and COVID-19 Impact Analysis, By Mechanism (Gimbal Nozzle, Thrusters, Exhaust Vanes, and Others), By Method (Type I, Type II, Type III, Type IV, and Others), By End User (Military and Space Agencies), By Application (Ballistic Missiles, Space Exploration Vehicles, Satellites, Military Aircrafts, and Others), and Regional Forecast, 2024-2032.
KEY MARKET INSIGHTS
The thrust vector control system market worldwide is experiencing robust growth, with a noteworthy CAGR projected for the forecast period until 2032. Thrust vector control is used by aerial vehicles and missiles to navigate in the three dimensions with the help of the thrust produced from their engines. Aerodynamic surfaces prove ineffective in vacuum mediums such as space, and thrust vector systems help in propulsion by pushing the subject forward as a result of newton’s third law.
The thrust vector control system market is driven by the need to develop a better, more efficient control system that provides better maneuverability with a reduction in fuel consumption. Increasing demand in the space exploration and military sectors are also additional factors driving market growth. Procurement of aircraft and missiles, and increased expenditure in space exploration and travel, have positively impacted the market.
The thrust vector control system works on Newton’s Third Law; a force applied in one direction creates an equal amount of force in the other direction. Thrust vector control is normally used in environments which have no medium, such as space, or when additional maneuverability is required. Thrust vector control systems are majorly employed in space vehicles, military jets, and ballistic missiles. The main engine of almost all aerial vehicles produces thrust for liftoff.
A major restraint associated with the development of this systems is the capital required for the research, development, and production of the products. Another aspect is from the environmental point, as the residue gases left by the combustion in these systems are harmful for the environment.
Key Insights:
The report will describe the following key insights:
- The report analyzes a detailed industry overview, including qualitative and quantitative information.
- The report analyzes an overview and forecast of the global thrust vector control system market based on various segments.
- The report also analyzes comprehensive PEST analysis for all four regions, i.e. North America, Europe, Asia Pacific, and Rest of the World, after evaluating economic, social, political, and technological factors affecting the global thrust vector control system industry in these regions.
Regional Analysis:
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North America is a dominant region in the market, due to the region’s extensive air traffic and the budgets for the militaries by their respective nations in the region. A number of independent players in the region also help in the growth of the market.
Asia Pacific region is projected to grow in the future for the thrust vector control system industry. The increasing defense budget by countries such as India, China, and South Korea, are accelerating the research in the military sector. The increasing air traffic in the region, owing to the increased passenger traffic, is also aiding the development of the technology in the aviation industry.
Key Players Covered:
- Honeywell International Inc
- BAE Systems
- Moog Inc
- Northrop Grumann Corporation
- United Technologies Inc
- Parker-Hannifin Corporation
- Woodward, Inc
- Jansen Aircraft Systems Control Inc
- Others
Thrust Vector Control System Market Segmentation:
By Mechanism | By Method | By End User | By Application | By Region |
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Key Industry Developments:
- In May 2023, the Science Applications International Corporation (SAIC) announced a partnership with European firm GomSpace for the development of small satellites for U.S. government agencies, commercial firms, and universities. The companies signed a memorandum of understanding (MoU), in which the companies will offer software products and spacecraft components along with fully integrated spacecrafts.
- In November 2022, the People’s Liberation Army Air Force (PLAAF) unveiled the J-20 aircraft’s 2D thrust vector technology at the Zhuhai Air Show. The system is used by the F22 Raptor aircraft developed by Lockheed Martin Corporation. The new 2D control system in the aircraft provides enhanced maneuverability and better stealth capability.
- Ongoing
- 2023
- 2019-2022
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