The thrust vector control market is expected to grow USD 13.77 billion by 2022.

Sailee22 Jun, 2021Business

The thrust vector control market is expected to grow at a CAGR of 10.41 percent from USD 8.39 billion in 2017 to USD 13.77 billion by 2022. The study's base year is 2016, and the forecast period is from 2017 to 2022. The market is divided into satellites, missiles, launch vehicles, and fighter aircraft based on application. Among various applications, fighter aircraft dominated the market in 2016, followed by satellites, and this is expected to continue during the forecast period 2017?2025. One of the major factors driving the growth of the fighter aircraft segment in the market is the increased acquisition of fighter aircraft in developing countries such as India and China.