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

Thrust vector control aids in path directing by transmitting its thrust vector to provide directional control. The market is divided into technology segments such as flex nozzles, gimbal nozzles, rotating nozzles, thrusters, and others. In terms of technology, the flex nozzle segment dominated the market in 2016, followed by the rotating nozzle segment, and it is expected to remain dominant shortly as well. One of the major factors likely to fuel the thrust vector control market in the coming years is the increased use of flex nozzles in missiles and satellite launchers.

The thrust vector control market is expected to grow at a CAGR of 10.41 per cent 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.

The market is divided into three systems: wide thrust vector injection systems, thrust vector actuation systems, and thrust vector thruster systems. The thrust vector actuation system segment dominated the market in 2016, followed by the wide thrust vector injection system. One of the major factors expected to drive the market is the rising demand for thrust vector actuation systems in the defence sector.

Some of the major factors driving the global thrust vector control market are the growing demand for highly manoeuvrable fighter aircraft, an increase in the budget allocated for missile programmes, an increase in space research programmes, and an increase in the use of satellites to provide information. However, high complexity in thrust vector control technology, among other things, is one of the major factors restraining the market. 

The market is divided into defence and space agencies based on the end-user. Defence dominated the thrust vector control market in 2016, followed by space agencies. One of the key factors likely to drive the growth of the defence segment in the thrust vector control market during the forecast period is an increase in demand for fighter aircraft to gain an advantage over aerial opponents.

The market is divided into North America, Asia Pacific, Europe, Latin America, and The Middle East and Africa. Another major factor driving the market in North America has increased spending on space exploration programmes. The United Kingdom and Germany are expected to be key European markets for thrust vector control. During the forecast period of 2017 to 2025, Asia Pacific is expected to grow at a rapid pace. . China is expected to be Asia Pacific's largest market for thrust vector control. Furthermore, the market in India is expected to grow at a rapid pace in the Asia Pacific region.

Honeywell International, Inc. (United States), Moog, Inc. (United States), Woodward, Inc. (United States), Jansen Aircraft Systems Control, Inc. (United States), BAE Systems (United Kingdom), Wickman Spacecraft & Propulsion Company (United States), Parker Hannifin, Inc. (United States), Sierra Nevada Corporation (United States), Dynetics, Inc. (United States),