The Global Aviation Actuator Market size is projected to grow at a CAGR of around 8.5% during the forecast period, i.e., 2022-27. According to MarkNtel Advisors Study.
Global Aviation Actuator Market Driver:
The Mounting Demand for Electric Actuators and Rising Air Passenger Traffic: The MEA (More Electric Aircraft) technology is a key area of growth for actuator manufacturers since it holds immense potential to reduce aircraft weight, enhance fuel efficiency, minimize operational & maintenance costs, and provide optimized performance. As this trend is accelerating, there are growing requirements for electric actuators, which are more efficient, environmentally friendly, & safer than hydraulic actuators and can eliminate issues associated with conventional systems, such as high costs, leakage, heating, etc. Moreover, with improving living standards and urbanization, air traffic is on a constant rise worldwide, i.e., leading to the growing production of commercial aircraft to cater to the ever-increasing number of air passengers. These aspects are projected to drive the aircraft actuator market during 2022-27.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Aviation Actuator Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2021
-Historical Period: 2017 to 2020
-Forecast Period: 2022 to 2027
- By Application
- Flight Control
- Health Monitoring System
- Power Distribution System
- Fuel Management System
- Landing and Braking System
- Avionics System
- By Product Type
- Electric Actuators
- Mechanical Actuators
- Pneumatic Actuators
- Hydraulic Actuators
- By Aircraft Type
- Narrow Body Aircraft
- Wide Body Aircraft
- Very Large Aircraft
- Fighter Aircraft
- Transport Aircraft
- By End User
- Commercial Aviation
- Defense
- By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Honeywell International, United Technologies Corporation, Rockwell Collins, Inc., Parker Hannifin Corp., Eaton, Curtiss-Wright Corporation, Saab AB, Moog Inc., Woodward Inc., GE Aviation are looking forward to strengthening their market positions.
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