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    Aviation Actuator Systems Market - Size, Share, Trend & Forecast Analysis | Covid-19 Impact Analysis

    Aviation Actuator Systems Market - Size, Share, Trend & Forecast Analysis | Covid-19 Impact Analysis

    Aviation Actuator Systems Market - Size, Share, Trend & Forecast Analysis | Covid-19 Impact Analysis
    Report code - SRAD264 Delivery - 2 Weeks
    Aviation Actuator Systems Market Size, Share, Trend, Forecast, & Competitive Analysis. See more...
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    Impact of COVID-19 on Aviation Actuator Systems Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Aviation Actuator Systems Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Aviation Actuator Systems Market Insights 

    Aviation Actuator Systems Market is likely to witness an impressive CAGR of 6.2% during the forecast period. Increasing aircraft orders along with the growing passenger traffic across the globe are the major factors contributing towards the growth of the global aviation actuator systems market. The number of aircraft has increased owing to rise in air traffic. The fact that the number of aircraft manufactured and its ability to minimize limitations of high-maintenance requirements, weight, and vulnerability to security risks mark the high dependence of the aviation actuator systems market, is leading to the procurement of power-efficient and low-weight actuators.

    Aviation Actuator Systems Market - Snapshot

    Growth

    6.2% for the next five years

    Major Product Type

    Electrohydraulic

    Major Application Type

    Flight control

    Dominant Aircraft Type

    Wide-body aircraft

    Dominant End-User Type

    Commercial aviation

    Region with highest demand

    North America

    Key Players

    Curtiss-Wright Corporation, Eaton Corporation Inc., GE Aviation, Honeywell International Inc., Moog Inc., Parker Hannifin Corp., Rockwell Collins, Inc., Saab AB, United Technologies Corporation, Woodward Inc. 

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    Market Share Analysis

    Aviation Actuator Systems Market Share: By Product Type

    Based on the product type, the market is segmented as electric actuators, electromechanical actuators, electrohydraulic actuators, and electrohydrostatic actuators.  The market is dominated by the electrohydraulic subsegment while the electrohydrostatic subsegment is estimated to register the highest growth during the forecast period. This high growth can be attributed to the characteristics of the electrohydrostatic subsegment, such as low investment costs, energy savings, fail-safe functionality, high power density and power capacity, and easy integration into existing infrastructure.  

    Aviation Actuator Systems Market Share: By Application Type

    Based on the application type, the market is segmented as flight control, landing gear, and auxiliary control. The flight control subsegment is expected to account for the largest market share during the forecast period, owing to the use of large number of actuators in this application.

    Aviation Actuator Systems Market Share: By Aircraft Type

    Based on the aircraft type, the market is segmented as narrow-body aircraft, wide-body aircraft, very large aircraft, fighter aircraft, and transport aircraft. The wide-body aircraft segment is estimated to depict the highest growth during the forecast period. The demand for wide- body aircraft is increasing globally owing to its efficiency, upsurge in passenger traffic, and enhanced connectivity between important geographical destinations of developing and developed regions.

    Boeing anticipated that there would be the total deliveries of 40,410 commercial aircraft worth US$ 6.25 trillion in the global marketplace during 2018-2037. Asia-Pacific and Europe would be the biggest demand generators with a combined share of 64.7% of the total commercial aircraft deliveries during the same period. An anticipated healthy CAGR of 4.7% in air passenger traffic during 2018-2037 will majorly bolster the demand for commercial aircraft.

    Aviation Actuator Systems Market Share: By End-User Type

    Based on the end-user type, the market is segmented as commercial aviation and defense. The commercial aviation segment is expected to grow at a higher CAGR during the forecast period. Snowballing orders for commercial aircraft from developing regions have majorly contributed to the rise in demand for commercial aircraft, which, in turn, has led to the demand for aviation actuator systems in the commercial aviation segment.

    Aviation Actuator Systems Market Share: By Region

    In terms of regions, North America dominated the aviation actuator systems market, as of 2018, followed by Europe, and is expected to continue its dominance during the forecast period. The North American market is also estimated to register the highest growth in the coming five years. Factors governing the growth of the aviation actuator systems market comprise expansionary fiscal & monetary policy, low oil prices, deleveraging private sector, and steady labor market. Further, North America is the leading manufacturer of fighter and military transport aircraft, which serves as a catalyst towards the growth of the aviation actuator systems market. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period. China and India are the growth engines of the region.  

    Aviation Actuator Systems Market: Key Players

    Some of the major players in the aviation actuator systems market are Curtiss-Wright Corporation, Eaton Corporation Inc., GE Aviation, Honeywell International Inc., Moog Inc., Parker Hannifin Corp., Rockwell Collins, Inc., Saab AB, United Technologies Corporation, Woodward Inc. 

     

    Market Scope & segmentation

    Aviation Actuator Systems are important as it is a crucial link between the hydraulic systems and the flight controls. This system is responsible for the proper movement through the flight control systems.

    Aviation Actuator Systems can be electric, electromechanical, electrohydraulic, and electrohydrostatic. Flight control, landing gear, and auxiliary control are some of the application areas where the aviation actuator systems are of use.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Aviation Actuator Systems Market Report - Features

    Market Segmentation

    5

    Regions Covered

    4

    Countries/Sub-Regions Covered

    15

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The aviation actuator systems market is segmented into the following categories. 

    Aviation Actuator Systems Market Size, Share, & Forecast, by Product Type:

    • Electric Actuators (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Electromechanical Actuators (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Electrohydraulic Actuators (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Electrohydrostatic Actuators (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aviation Actuator Systems Market Size, Share, & Forecast, by Aircraft Type:

    • Narrow-Body Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Wide-Body Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Very Large Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Fighter Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Transport Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aviation Actuator Systems Market Size, Share, & Forecast, by End-User Type:

    • Commercial Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Defense (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aviation Actuator Systems Market Size, Share, & Forecast, by Application Type:

    • Flight Control (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Landing Gear (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Auxiliary Control (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aviation Actuator Systems Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

     

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conduct more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the product types by end-user type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    General Frequently Asked Questions (FAQs)

    What are Aviation Actuator Systems?

    Aviation Actuator Systems are important as it is a crucial link in between the hydraulic systems and the flight controls. This system is responsible for the proper movement through the flight control systems. Aviation Actuator Systems can be electric, electromechanical, electrohydraulic, and electrohydrostatic. Flight control, landing gear, and auxiliary control are some of the application areas where the aviation actuator systems are of use.

    What will be the CAGR of the Aviation Actuator Systems Market?

    Aviation Actuator Systems Market is likely to witness an impressive CAGR of 6.2% during the forecast period. Increasing aircraft orders along with the growing passenger traffic across the globe are the major factors contributing towards the growth of the global aviation actuator systems market. The number of aircraft has increased owing to rise in air traffic.

    Which country/region is expected to remain the largest Aviation Actuator Systems Market?

    In terms of regions, North America dominated the aviation actuator systems market, as of 2018.

    Who are the key players in the Aviation Actuator Systems Market?

    Some of the major players in the aviation actuator systems market are Curtiss-Wright Corporation, Eaton Corporation Inc., GE Aviation, Honeywell International Inc., Moog Inc., Parker Hannifin Corp., Rockwell Collins, Inc., Saab AB, United Technologies Corporation, Woodward Inc.

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