Investment Rating - The report does not provide a specific investment rating for the flying control system industry Core Insights - The flying control system industry is experiencing significant growth driven by the increasing demand in the Asia-Pacific region, particularly in China, where the aviation market is expanding rapidly. The industry is characterized by a high concentration of state-owned enterprises, but emerging private companies are intensifying competition. Technological advancements and changes in global environments are propelling continuous development in the sector. Future trends indicate a strong market growth due to the increasing adoption of intelligent, modular, and integrated systems [2][7][28]. Industry Definition - The flying control system is defined as a system that uses automatic control feedback principles to manipulate various control surfaces of an aircraft, ensuring flight stability and safety. It plays a crucial role in enhancing flight performance and reducing pilot workload [3]. Industry Classification - The flying control system industry can be classified into four main types: hydraulic mechanical flying control systems, electronic flying control systems, intelligent flying control systems, and optical transmission flying control systems [5][6]. Industry Characteristics - The flying control system industry is characterized by: 1. High market demand, with a significant increase in aircraft takeoffs and landings in the Asia-Pacific region, particularly in China, which is projected to become the largest aviation market globally. In 2023, China completed 11.261 million flights, a 62.6% increase from the previous year [7]. 2. A high proportion of state-owned enterprises, accounting for approximately 50% of the industry, while private enterprises make up about 30% and foreign enterprises about 20% [8]. 3. High market concentration, with significant technological barriers to entry, leading to a limited number of suppliers in the market [9]. Industry Development History - The flying control system industry has undergone four developmental stages: 1. The embryonic stage (1903-1930) marked by the Wright brothers' first flight [11]. 2. The initiation stage (1930-1984) characterized by the introduction of hydraulic and electronic systems [12]. 3. The rapid development stage (1985-2024) with significant advancements in digital and optical transmission control systems [13]. Industry Chain Analysis - The industry chain consists of three segments: 1. Upstream: Core component research and production, including main control chips, sensors, and gyroscopes [15]. 2. Midstream: Integration of flying control systems [20]. 3. Downstream: Application in various sectors, primarily in unmanned aerial vehicles (UAVs), commercial aviation, and military aviation [24]. Market Size - The market size of the flying control system industry in China, specifically in the UAV sector, grew from 12.493 billion yuan in 2020 to 13.845 billion yuan in 2023, with a compound annual growth rate (CAGR) of 3.49%. It is projected to reach 30.355 billion yuan by 2028, with a CAGR of 17.00% [27]. Policy Overview - Recent policies aim to regulate the UAV industry and promote its healthy development, including the "Interim Regulations on the Flight Management of Unmanned Aerial Vehicles," which will take effect on January 1, 2024 [38][40]. Competitive Landscape - The competitive landscape of the flying control system industry in China is characterized by: 1. A mix of traditional military research institutions, foreign enterprises, and emerging private companies, with traditional institutions holding about 50% market share [41]. 2. Increasing competition from new private companies that offer cost-effective solutions, while traditional players maintain higher technological capabilities [42]. 3. A trend towards market consolidation, with fewer companies remaining in the sector due to mergers and acquisitions [43].
企业竞争图谱：2024年飞行控制系统 头豹词条报告系列
Tou Bao Yan Jiu Yuan·2024-12-10 12:16