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  • Thrust Vector Control Market is projected to grow USD 13.77 Billion by 2022

     



    (Aviation-NewsWire.Com, May 19, 2018 ) The thrust vector control market is projected to grow from USD 8.39 Billion in 2017 to USD 13.77 Billion by 2022, at a CAGR of 10.41% during the forecast period. Rise in the implementation of thrust vector control in fighter aircraft to gain superiority over enemy aircraft during aerial combats, increased investment in space exploration programs, and increased adoption of thrust vector control in next-generation guided missile systems are the primary drivers for the growth of the market. The market has been segmented based on technology, application, system, end user, and region.

    Explore More Information about report @ https://www.researchcosmos.com/reports/global-thrust-vector-control-market-analysis-and-forecast-to-2022-growth-opportunity-assessment/6981765

    Based on technology, the thrust vector control market has been segmented into gimbal nozzle, flex nozzle, thrusters, rotating nozzle, and others (injection, jet vanes, tabs). The flex nozzle segment is estimated to lead the market during the forecast period. The growth of this segment is due to the increased implementation of flex nozzles in satellite launchers and missiles because of movable seals and high actuation power.

    Based on application, the thrust vector control market has been segmented into launch vehicles, missiles, satellites, and fighter aircraft. The fighter aircraft segment is projected to witness the highest growth during the forecast period. The rise in acquisition of fight aircraft with super maneuverability features by countries such as China and India is expected to drive the market during the forecast period.

    Based on end user, the thrust vector market has been segmented into defense and space agencies. The defense segment is projected to lead the market during the forecast period. This is due to increased need for highly maneuverable fighter aircraft to gain an advantage over aerial opponents.

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    The geographical analysis of the thrust vector control market covers regions, such as North America, Europe, Asia-Pacific, and Rest of the World. North America is estimated to lead the global thrust vector control market in 2017, owing to increasing spending on space exploration programs in the region, as well as heavy investments done by the U.S. in missile research and highly maneuverable aircraft in defense.

    Advancements in thrust vector control technology require high R&D and are complex in nature. This, coupled with the increasing use of reusable launch vehicles and boosters, is expected to restrain the growth of the market.

    Products offered by various companies operating in the thrust vector control market have been listed in this report. Major players in the market include Honeywell International, Inc. (U.S.), Moog, Inc. (U.S.), Woodward, Inc. (U.S.), Jansen Aircraft Systems Control, Inc. (U.S.), BAE Systems (U.K.), Wickman Spacecraft & Propulsion Company (U.S.), Parker Hannifin, Inc. (U.S.), Sierra Nevada Corporation (U.S.), Dynetics, Inc. (U.S.), and SABCA (Belgium).

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    Research Cosmos is an aggregator of syndicated and bespoke market research, business intelligence and consulting services on gamut of sectors across the globe. We’re associated with world renowned publishers who when combined, serve hundreds of fortune listed companies and publish wide range of insightful reports which cover nook and corner of every industry vertical.

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    Source: EmailWire.Com

    Source: EmailWire.com

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