Aviation Actuator Systems - Global Market Outlook (2017-2026)
According to Stratistics MRC, the Global Aviation Actuator Systems Market is accounted for $854.1 million in 2017 and expected to grow at a CAGR of 7.3% to reach $1618.2 million by 2026. The increasing trend for more electric aircraft & automation and increasing profitability of airliners are some of the factors triggering towards market growth. Leakage issues in hydraulic & pneumatic actuators are one of the factors restraining the market. The emerging aviation and aircraft sector in Asia Pacific region provide ample opportunities in the market.
The aviation actuator is equipment or a component used to move and control a mechanism or system. To perform these movement functions, an actuator requires a source of energy and a control system. Mainly there are three different variants in the control signal and is relatively a low energy, they are electric voltage or current, pneumatic or hydraulic pressure or sometimes even human power. The actuator starts working after receiving a control signal by converting the received signal energy to a mechanical motion.
On the basis of end user, the commercial aviation sector is expected to grow at a great pace during the forecast period. There is an increase in demand for commercial aircraft, due to the increasing revenue generation from commercial aircraft, this in turn is generating a great demand for aviation actuator systems in the commercial aviation segment.
By geography, North America is one of the impressing regions in the aviation actuator systems market. The aviation actuator systems market in this region is also projected to have increasing the CAGR during the forecast period. The low oil prices, expansionary fiscal & monetary policy, deleveraging private sector, and steady labor market factors are some of the driving factors for aviation actuator systems market in this region. North America is considered as one of the chief producer of fighter and military transport aircraft.
Some of the key players in the Global Aviation Actuator Systems market are GE Aviation, Honeywell International Inc., Moog Inc., Rockwell Collins, Inc., United Technologies Corporation, Woodward Inc., Beaver Aerospace & Defense, Inc. , Electromech Technologies., UTC Aerospace Systems, Saab AB, Arkwin , Cesa, Curtiss-Wright Corporation, Eaton Industries GmbH, Parker Hannifin Corp., Emerson Electric , SMC Corporation, Siemens, Flowserve and Festo AG.
Aircraft Types Covered:
• Fighter Aircraft
• Narrow Body Aircraft
• Transport Aircraft
• Very Large Aircraft
• Wide Body Aircraft
• Electric Actuators
• Electrohydraulic Actuators
• Electrohydrostatic Actuators
• Electromechanical Actuators
• Hydraulic Actuator
• Pneumatic Actuator
• Mechanical Actuator
• Auxiliary Control
• Flight Control
• Landing Gear
End Users Covered:
• Military/defence Sector
• Commercial Sector
- North America
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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