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Thrust Vector Control (TVC) system is the ability of an aircraft, rocket, and other launch vehicles to handle the direction of the thrust from its engines in order to control the attitude or angular velocity of the vehicle. The system deflects the directions of engine thrust during operation to provide control power for an aircraft and is used to correct deviation from planned path. TVC system is possible and effective only when propulsion system is creating thrust.

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.

The Global Thrust Vector Control System Market: Segment Trends                           

Among technology, the flexible nozzle segment accounted for the largest market share in 2017 and is expected to remain largest over the forecast period. This is owing to the ability of flexible nozzle to maintain the overall weight of the military aircraft. Moreover, the nozzle reduces the over-all cost of manufacturing of the aircraft.

The Global Thrust Vector Control System Market: Regional Insights

The market for TVC system in North America accounted for the largest market share in 2017 and is expected to remain largest over the forecast period. This is owing to presence of major manufacturers of military aircrafts such as Lockheed Martin, Dassault Aviation, Pentagon, and others in the region. For instance, according to the press release of Lockheed Martin, December 2017, Lockheed Martin delivered 66 F-35 fighter jets to the U.S. Such rise in production of military aircrafts is expected to increase demand for TVC systems in North America.   

Moreover, growing investment of the U.S. government on Military and Defense sector further propels growth of the TVC system in North America. For instance, according to the U.S. Government Spending Analysis, in 2016, the U.S. government spent US$ 593.40 billion on military and it increased to US$ 598.70 billion in 2017. Such growing investment is expected to further contribute to increasing production of military aircrafts. This in turn is expected to propel demand for TVC systems in the region.  

The market for Asia Pacific region is expected to witness significant growth with highest CAGR over the forecast period. This is owing to increasing government investments on launching new rockets and launch vehicles. For instance, according to the IBEF (India Brand Equity Foundation).org analysis, in August 2017, the government of India sanctioned US$ 1.35 billion to Indian Space Research Organization (ISRO). The aid helps ISRO to launch 21 rockets and 50 satellite within 4 years. Therefore, increasing production of rockets and satellites is expected to propel demand for TVC system in Asia Pacific.

 Thrust Vector Control System Market: Competitive Landscape

The market for global TVC system is highly competitive. This has led to increasing focus of key players on the areas of product offerings, R&D investments, and merger and acquisition in order to gain competitive edge in the market. For instance, in January 2016, Moog Inc., launched Electromechanical Thrust Vector Control (EM TVC) system. This test demonstrated the advanced Moog EM TVC technology being studied for the forthcoming Air Force Ground-Based Strategic Deterrent (GBSD) system.

Key players operating in the global TVC system market include, Honeywell International, Inc., Moog, Inc., Woodward, Inc., Jansen Aircraft Systems Control, Inc., BAE Systems, Wickman Spacecraft & Propulsion Company, Parker Hannifin, Inc. , Sierra Nevada Corporation, Dynetics, Inc., and SABCA .

Global Thrust Vector Control Market: Taxonomy

On the basis of technology:

  • Gimbal nozzle
  • Flex nozzle
  • Thrusters
  • Rotating nozzle
  • Others (Injection, jet vanes, and tabs)

On the basis of application:

  • Launch vehicles
  • Missiles
  • Satellites
  • Fighter aircraft

On the basis of system:

  • Thrust vector actuation system
  • Thrust vector injection system
  • Thrust vector thruster system

On the basis of end user:

  • Space agencies
  • Defense

On the basis of region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users