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Aviation Actuator Systems Market Report
Aviation Actuator Systems Market Size, Share, Trend, Forecast, & Competitive Analysis.
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.
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Aviation Actuator Systems Market - Snapshot |
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Growth |
6.2% for the next five years |
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Major Product Type |
Electrohydraulic |
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Major Application Type |
Flight control |
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Dominant Aircraft Type |
Wide-body aircraft |
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Dominant End-User Type |
Commercial aviation |
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Region with highest demand |
North America |
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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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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.
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.
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.
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.
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.
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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.
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Aviation Actuator Systems Market Report - Features |
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Market Segmentation |
5 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
15 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The aviation actuator systems market is segmented into the following categories.
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Some of the major players in the aviation actuator systems market are-
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.
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:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
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 sales@stratviewresearch.com
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.
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.
In terms of regions, North America dominated the aviation actuator systems market, as of 2018.
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.
The flight control subsegment is expected to account for the largest share in the aviation actuators systems market in the coming years.
The wide-body aircraft segment is expected to depict the highest growth in the aviation actuators systems market during the next five years.
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