Thrust Vector Control System Market, By Type (Thrust Vector Actuation System, Thrust Vector Injection System, Thrust Vector Thruster System), By Application (Launch Vehicles, Missiles, Satellites, Fighter Aircraft), and By Geography (EU, NA, APAC, LATAM, and MEA) Analysis, Size, Share, Trends, & Forecast from 2021-2027
REPORT HIGHLIGHT
During the projection period, the thrust vector control market is expected to increase at a CAGR of 10.41 %, from USD 8.39 billion in 2017 to USD 13.77 billion by 2022. The primary drivers for market growth are the increased adoption 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.
The Thrust Vector Control (TVC) or commonly known as Thrust vectoring is a device mainly used to manipulate the direction of a rocket, aircraft, or any other vehicle. TVC helps control the altitude and velocity of the vehicles from their motors or engines. TVC was originally designed to give a vertical lift off for aircraft or commonly known as VTOLs. TVC also helped aircraft primarily in the military because of the capability of aircraft to perform makeovers, which is generally not available in normal or commercial aircraft. If there were no TVCs then air vehicles would have to perform makeover through aerodynamic control surfaces only such as elevators or ailerons. However, aircraft with the TVC would still need to use aerodynamic control surfaces but to a lesser extent as compared to purely relying on aerodynamic control surfaces. Another primary application of TVCs is in ballistic missiles where aerodynamic control surfaces are ineffective for attitude control.
Market Dynamics
The global Thrust Vector Control market is a developing market that is anticipated to witness huge growth during the forecast period. The global Thrust Vector Control market is majorly driven by the increased spend by countries on their defence budget. Economies are scaling up their aerospace and defence programs, acquiring and producing aircraft. This makes them ready for future applications in aerospace. The space race is a prime factor that proves the might of a country, and countries like the USA, China, Russia, and India each are launching their missions to come first.
The drive in the market is also because of a growing trend and an increase in the usage of flex nozzles in missiles and satellite launchers. TVCs help missiles achieve manoeuvrability which cannot be achieved only through aerodynamic control surfaces. This helps the missile increase the accuracy of its target and makes the missiles more precise and effective. TVS also helps in improving the efficiency and accuracy of fighter jets. Thrust vectoring helps increase the manoeuvrability of fighter jets, making them more combat ready. This also helps in growing the demand for procurement of fighter jets across countries.
TVCs coupled with digital technologies such as IoT, AI, and automation is also helping drive the demand as it is replacing the older and inefficient systems.
Many space companies are also in the race, trying to make efficient rockets and boosters. For instance, SNC (Sierra Nevada Corporation’s) a wholly owned subsidiary of ORBITEC (Orbital Technologies Corporation) recently tested and completed a demonstration of three different combinations of propellants for its existing thirty thousand pound thrust vortex-based rocket engine.
Companies such as ORBITEC are rapidly progressing their ability to manoeuvre rockets especially in orbits and also other applications such as upper stage engines that ignite themselves at high altitudes, ground launch, and air launch stage engines with a small to medium scale. Such applications are driving the growth and demand for TVCs and will grow rapidly in the forecasted period.
Thrust vector control technology advancements need extensive R&D and are inherently complicated. This, together with the growing usage of reusable launch vehicles and boosters, is projected to limit market development.
Application Takeaway
Based on Application, the global market is bifurcated into Launch Vehicles, Missiles, Satellites, Fighter Aircraft, and others. The retail & e-commerce category accounted for a major share in 2019 and had more than 30% of the market revenue share in the same year. The increased adoption of Thrust Vector Control applications over retail & eCommerce websites to quickly solve customer inquiries and problems is the key factor for category dominance. Moreover, the rising demand eCommerce industry worldwide is further anticipated to enhance category growth.
On the other hand, the healthcare & life sciences category is anticipated to grow at the fastest CAGR over the upcoming years. This is mainly due to the increased adoption of Thrust Vector Controls by health systems to facilitate a fully conversational discovery of their services.
Technology Takeaway
On the basis of technology, the thrust vector control market is divided into gimbal nozzles, flex nozzles, thrusters, revolving nozzles, and others based on technology (injection, jet vanes, tabs). During the projected period, the flex nozzle sector is expected to dominate. The growing usage of flex nozzles in satellite launchers and missiles due to moveable seals and high actuation power is driving this segment's expansion.
Regional Takeaway
Based on geography, the global Thrust Vector Control market is categorized into North America, Europe, Asia Pacific (APAC), Latin America (LATAM), and Middle East & Africa (MEA). In 2019, North America accounted for a major share and had over 35% of the market revenue share in the same year. The presence of key market players along with the rising need to provide advanced customer support services is the key factor for regional dominance.
On the other flip, Asia Pacific is anticipated to witness the fastest growth over the upcoming years. This is ascribed to the rising e-commerce industry along with growing technological adoption in emerging economies such as India, China, Indonesia, and others.
COVID-19 Impact
Numerous industries and sectors have faced significant impact on its production capabilities due to Covid. Various governments have been trying to curb the fast pace spread of Covid by implementing lockdown regulations. Increasing priority for healthcare spending and decreasing revenues pushed the defence budget on the decreasing territory which led to a decrease in demand of TVC for short period. Once, the economies are setting up for growth trajectory, new projects in the defence sector are coming up which are expected to boost the growth of TVC demand for the remaining part of the forecast period.
Key Vendor Takeaway
Some of the prominent players operating in the industry include Honeywell International, Moog Inc., Woodward Inc., Jansen Aircraft Systems Control, BAE Systems, Wickman Spacecraft & Propulsion Company, Parker Hannifin Inc., Sierra Nevada Corporation, Dynetics Inc., SABCA, Orbital ATK, Almatech SA, United Technologies Corporation.
There are many players across the country level, regional and international level in this particular industry, owing to the highly fragmented nature of the sector. Lockheed Martin, for example, delivered 66 F-35 fighter planes to the United States in December 2017, according to a news release. The need for TVC systems in North America is projected to expand as military aircraft manufacturing increases. Until October 2017, AIRBUS made its order, delivery, and operation status public. The overall number of military aircraft orders received by AIRBUS was 1,948, and the total number of deliverers was 1,527, with 1,212 military aircraft in service. Apart from this, with the rising demand for a Thrust Vector Control, the key players have adopted various strategic alliance-based growth strategies such as joint ventures, merger & acquisition, collaboration, partnerships, and collaborative product launches to retain their position on the global scale.
The market size and forecast for each segment and sub-segments has been considered as below:
- Historical Year – 2016 to 2018
- Base Year – 2019
- Estimated Year – 2020
- Projected Year – 2021 to 2027
TARGET AUDIENCE
- Manufacturers
- Raw Material Suppliers
- Distributors
- Original Equipment Manufacturers
- Research Organizations
- Consulting Firms
- Government and Regional Agencies
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL THRUST VECTOR CONTROL MARKET KEY PLAYERS
- Honeywell International
- Moog Inc.
- Woodward Inc.
- Jansen Aircraft Systems Control
- BAE Systems
- Wickman Spacecraft & Propulsion Company
- Parker Hannifin Inc.
- Sierra Nevada Corporation
- Dynetics Inc.
- SABCA
- Orbital ATK
- Almatech SA
- United Technologies Corporation
- Collins aerospace
- ISRO
GLOBAL THRUST VECTOR CONTROL MARKET, BY TYPE
- Thrust Vector Actuation System
- Thrust Vector Injection System
- Thrust Vector Thruster System
GLOBAL THRUST VECTOR CONTROL MARKET, BY APPLICATION
- Launch Vehicles
- Missiles
- Satellites
- Fighter Aircraft
GLOBAL THRUST VECTOR CONTROL MARKET, BY REGION
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Rest of MEA
TABLE OF CONTENT
1. THRUST VECTOR CONTROL MARKET OVERVIEW
1.1. Study Scope
2. EXECUTIVE SUMMARY
2.1. Market Snippet
2.1.1. Market Snippet by Type
2.1.2. Market Snippet by Application
2.1.3. Market Snippet by Region
2.2. Competitive Insights
3. THRUST VECTOR CONTROL KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. THRUST VECTOR CONTROL INDUSTRY STUDY
4.1. Porter’s Five Forces Analysis
4.2. Marketing Strategy Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. THRUST VECTOR CONTROL MARKET: COVID-19 IMPACT ANALYSIS
5.1. Pre-COVID-19 Impact Analysis
5.2. Post-COVID-19 Impact Analysis
5.2.1. Top Performing Segments
5.2.2. Marginal Growth Segments
5.2.3. Top Looser Segments
5.2.4. Marginal Loss Segments
6. THRUST VECTOR CONTROL MARKET LANDSCAPE
6.1. Market Share Analysis, 2019
6.2. Key Innovators Analysis
6.3. Breakdown Data, by Key Manufacturer
6.3.1. Established Players’ Analysis
6.3.2. Emerging Players’ Analysis
7. THRUST VECTOR CONTROL MARKET – BY TYPE
7.1. Overview
7.1.1. Segment Share Analysis, By Type, 2020 & 2027 (%)
7.2. Thrust Vector Actuation System
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
7.3. Thrust Vector Injection System
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
8. THRUST VECTOR CONTROL MARKET – BY APPLICATION
8.1. Overview
8.1.1. Segment Share Analysis, By Application, 2020 & 2027 (%)
8.2. Launch Vehicles
8.2.1. Overview
8.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
8.3. Missiles
8.3.1. Overview
8.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
8.4. Satellites
8.4.1. Overview
8.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
8.5. Fighter Aircrafts
8.5.1. Overview
8.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
8.6. Others
8.6.1. Overview
8.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9. THRUST VECTOR CONTROL MARKET– BY GEOGRAPHY
9.1. Introduction
9.1.1. Segment Share Analysis, By Geography, 2020 & 2027 (%)
9.2. North America
9.2.1. Overview
9.2.2. Key Manufacturers in North America
9.2.3. North America Market Size and Forecast, By Country, 2016 - 2027 (US$ Billion)
9.2.4. North America Market Size and Forecast, By Type, 2016 - 2027 (US$ Billion)
9.2.5. North America Market Size and Forecast, By Application, 2016 - 2027 (US Billion)
9.2.6. U.S.
9.2.6.1. Overview
9.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.2.6.3. U.S. Market Size and Forecast, By Type, 2016 - 2027 (US$ Billion)
9.2.6.4. U.S. Market Size and Forecast, By Application, 2016 - 2027 (US Billion)
9.2.7. Canada
9.2.7.1. Overview
9.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.2.7.3. Canada Market Size and Forecast, By Type, 2016 - 2027 (US$ Billion)
9.2.7.4. Canada Market Size and Forecast, By Application, 2016 - 2027 (US Billion)
9.3. Europe
9.3.1. Overview
9.3.2. Key Manufacturers in Europe
9.3.3. Europe Market Size and Forecast, By Country, 2016 - 2027 (US$ Billion)
9.3.4. Europe Market Size and Forecast, By Type, 2016 - 2027 (US$ Billion)
9.3.5. Europe Market Size and Forecast, By Application, 2016 - 2027 (US Billion)
9.3.6. Germany
9.3.6.1. Overview
9.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.3.6.3. Germany Market Size and Forecast, By Type, 2016 - 2027 (US$ Billion)
9.3.6.4. Germany Market Size and Forecast, By Application, 2016 - 2027 (US Billion)
9.3.7. Italy
9.3.7.1. Overview
9.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.3.7.3. Italy Market Size and Forecast, By Type, 2016 - 2027 (US$ Billion)
9.3.7.4. Italy Market Size and Forecast, By Application, 2016 - 2027 (US Billion)
9.3.8. United Kingdom
9.3.8.1. Overview
9.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.3.8.3. United Kingdom Market Size and Forecast, By Type, 2016 - 2027 (US$ Billion)
9.3.8.4. United Kingdom Market Size and Forecast, By Application, 2016 - 2027 (US Billion)
9.3.9. France
9.3.9.1. Overview
9.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.3.9.3. France Market Size and Forecast, By Type, 2016 - 2027 (US$ Billion)
9.3.9.4. France Market Size and Forecast, By Application, 2016 - 2027 (US Billion)
9.3.10. Rest of Europe
9.3.10.1. Overview
9.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.3.10.3. Rest of Europe Market Size and Forecast, By Type, 2016 - 2027 (US$ Billion)
9.3.10.4. Rest of Europe Market Size and Forecast, By Application, 2016 - 2027 (US Billion)
9.4. Asia Pacific
9.4.1. Overview
9.4.2. Key Manufacturers in Asia Pacific
9.4.3. Asia Pacific Market Size and Forecast, By Country, 2016 - 2027 (US$ Billion)
9.4.4. Asia Pacific Market Size and Forecast, By Type, 2016 - 2027 (US$ Billion)
9.4.5. Asia Pacific Market Size and Forecast, By Application, 2016 - 2027 (US Billion)
9.4.6. India
9.4.6.1. Overview
9.4.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.4.6.3. India Market Size and Forecast, By Type, 2016 - 2027 (US$ Billion)
9.4.6.4. India Market Size and Forecast, By Application, 2016 - 2027 (US Billion)
9.4.7. China
9.4.7.1. Overview
9.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.4.7.3. China Market Size and Forecast, By Type, 2016 - 2027 (US$ Billion)
9.4.7.4. China Market Size and Forecast, By Application, 2016 - 2027 (US Billion)
9.4.8. Japan
9.4.8.1. Overview
9.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.4.8.3. Japan Market Size and Forecast, By Type, 2016 - 2027 (US$ Billion)
9.4.8.4. Japan Market Size and Forecast, By Application, 2016 - 2027 (US Billion)
9.4.9. Rest of APAC
9.4.9.1. Overview
9.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.4.9.3. Rest of APAC Market Size and Forecast, By Type, 2016 - 2027 (US$ Billion)
9.4.9.4. Rest of APAC Market Size and Forecast, By Application, 2016 - 2027 (US Billion)
9.5. Latin America
9.5.1. Overview
9.5.2. Key Manufacturers in Latin America
9.5.3. Latin America Market Size and Forecast, By Country, 2016 - 2027 (US$ Billion)
9.5.4. Latin America Market Size and Forecast, By Type, 2016 - 2027 (US$ Billion)
9.5.5. Latin America Market Size and Forecast, By Application, 2016 - 2027 (US Billion)
9.5.6. Brazil
9.5.6.1. Overview
9.5.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.5.6.3. Brazil Market Size and Forecast, By Type, 2016 - 2027 (US$ Billion)
9.5.6.4. Brazil Market Size and Forecast, By Application, 2016 - 2027 (US Billion)
9.5.7. Mexico
9.5.7.1. Overview
9.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.5.7.3. Mexico Market Size and Forecast, By Type, 2016 - 2027 (US$ Billion)
9.5.7.4. Mexico Market Size and Forecast, By Application, 2016 - 2027 (US Billion)
9.5.8. Argentina
9.5.8.1. Overview
9.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.5.8.3. Argentina Market Size and Forecast, By Type, 2016 - 2027 (US$ Billion)
9.5.8.4. Argentina Market Size and Forecast, By Application, 2016 - 2027 (US Billion)
9.5.9. Rest of Europe
9.5.9.1. Overview
9.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.5.9.3. Rest of LATAM Market Size and Forecast, By Type, 2016 - 2027 (US$ Billion)
9.5.9.4. Rest of LATAM Market Size and Forecast, By Application, 2016 - 2027 (US Billion)
9.6. Middle East and Africa
9.6.1. Overview
9.6.2. Key Manufacturers in Middle East and Africa
9.6.3. Middle East and Africa Market Size and Forecast, By Country, 2016 - 2027 (US$ Billion)
9.6.4. Middle East and Africa Market Size and Forecast, By Type, 2016 - 2027 (US$ Billion)
9.6.5. Middle East and Africa Market Size and Forecast, By Application, 2016 - 2027 (US$ Billion)
9.6.6. Saudi Arabia
9.6.6.1. Overview
9.6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.6.6.3. Saudi Arabia Market Size and Forecast, By Type, 2016 - 2027 (US$ Billion)
9.6.6.4. Saudi Arabia Market Size and Forecast, By Application, 2016 - 2027 (US$ Billion)
9.6.7. United Arab Emirates
9.6.7.1. Overview
9.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.6.7.3. United Arab Emirates Market Size and Forecast, By Type, 2016 - 2027 (US$ Billion)
9.6.7.4. Market Size and Forecast, By Application, 2016 - 2027 (US$ Billion)
9.6.8. Rest of MEA
9.6.8.1. Overview
9.6.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.6.8.3. Rest of MEA Market Size and Forecast, By Type, 2016 - 2027 (US$ Billion)
9.6.8.4. Rest of MEA Market Size and Forecast, By Application, 2016 - 2027 (US$ Billion)
10. KEY VENDOR ANALYSIS
10.1. Competitive Dashboard
10.2. Company Profiles
10.2.1. Honeywell International
10.2.1.1. Company Snapshot
10.2.1.2. Financial Performance
10.2.1.3. Product Benchmarking
10.2.1.4. Strategic Initiatives
10.2.2. Moog Inc
10.2.3. Woodward Inc
10.2.4. Jansen Aircraft systems control
10.2.5. BAE Systems
10.2.6. Wickman spacecraft & propulsion company
10.2.7. Parker Hannifin Inc
10.2.8. Sierra Nevada Corporation
10.2.9. Dynetics Inc
10.2.10. SABCA
10.2.11. Orbital ATK
10.2.12. Almatech SA
10.2.13. United technologies corporation
10.2.14. Collins aerospace
10.2.15. ISRO
11. 360 DEGREE ANALYST VIEW
12. APPENDIX
12.1. Research Methodology
12.2. References
12.3. Abbreviations
12.4. Disclaimer
12.5. Contact Us
