Global Actuator Systems Market in Aviation Report, published by Variant Market Research, forecast that the global actuator systems market in aviation size is expected to reach $1,397 Million by 2025. In this report, the global actuator systems market in aviation forecast says that the market is growing at a CAGR of 6.3% from 2017 to 2025. By geography, North America is expected to grow at the fastest CAGR during the forecast period. Actuator systems are used to assembly a number of products sporting the latest technologies. Actuators allow more load, control, force, speed, ruggedness, and duty cycle to be supported. It controls an extensive range of applications in an aircraft. Developing aviation industry in the emerging countries is the major factor likely to boost the market in forthcoming years.
Global Actuator Systems Market in Aviation (By Product: Electric, Electromechanical, Electrohydraulic, and Electro Hydrostatic; By Application: Flight Control, Landing Gear and Auxiliary Control; By Aircraft Type: Narrow Body Aircraft, Wide Body Aircraft, Very Large Aircraft, Transport Aircraft, and Fighter Aircraft; By End User: Commercial Aviation, and Defense; By Geography: North America, Europe, Asia-Pacific And Row) Global Scenario, Market Size, Outlook, Trend And Forecast, 2016 – 2025
The global actuator systems market in aviation is mainly driven by growing demand for more electric aircraft and automation
The global actuator systems market in aviation trends include increasing profitability of airliners, increasing passenger traffic across the globe, and increasing aircraft orders. However, power consumption issues in electric actuators is the major restraint for the actuator system market in aviation growth. Moreover, implementation of Internet of Things (IoT) in aviation industry, and emerging aviation industry in the Asia-Pacific region is likely to gain significant impetus over the forecast timeframe.
Aircraft type, product, application, end-user, and geography are the segmentation of the global actuator systems market in aviation. The aircraft type segment is divided into wide body aircraft, narrow body aircraft, transport aircraft, very large aircraft, and fighter aircraft. On the basis of product, the classification includes electromechanical, electrohydraulic, electric, and electro hydrostatic. Flight control, auxiliary control, and landing gear are the categorization of the application segment. Furthermore, commercial aviation, and defense are covered under end-user segment.
Geographically, the market has been bifurcated into North America, Europe, Asia-Pacific, and RoW. North America (U.S., Mexico, and Canada), Europe (Germany, Russia, France, UK, Italy, and Rest of Europe), Asia-Pacific (India, Japan, South Korea, China, and Rest of Asia-Pacific) and RoW (South America, Middle East, and Africa) are the key geographical regions included in this market.
Wide body aircraft, by aircraft type is likely to attain the highest CAGR between 2017 and 2025
Wide body aircraft is anticipated to achieve the fastest CAGR in the aircraft type segment owing to its efficiency, rise in passenger traffic, and improved connectivity amid important geographical locations of emerged and emerging nations.
Electro hydrostatic, by product type is expected to witness the fastest CAGR over the forecast period
Electro hydrostatic segment in projected to grow at fastest CAGR during the forecast period, due to the characteristics which include low investment costs, energy savings, fail-safe functionality, easy integration into existing infrastructure, and high power density and power capacity. Moreover, electrohydraulic segment dominated the segment with largest actuator systems market in aviation share.
Flight control within the application segment dominated the market with major share
Based on application, flight control segment occupied market the maximum share in the year 2017. The high growth is credited to the use of large number of actuators in this flight control application.
Commercial aviation is probable to reach the highest CAGR in the end-user segment
Commercial aviation end-user segment is projected to lead the market with fastest CAGR i.e. 2017 – 2025. This high growth is attributed to the increasing orders for commercial aircraft from emerging counties which have led to the improved demand for commercial aircraft, which, in turn, has created demand for aviation actuator systems in the commercial aviation segment.
North America is expected to be the fastest growing market during the forecast period
North America is projected to attain the fastest CAGR throughout the forecast period i.e. 2017 – 2025. The high growth can be credited to the growing demand from the key aircraft manufacturers in this region including Bombardier and Boeing.
The key players operating in the market are Honeywell International Inc., Curtiss-Wright Corporation, Woodward, Inc., Saab AB, GE AVIATION, Moog Inc, United Technologies Corporation, PARKER HANNIFIN CORP, Rockwell Collins, Inc., and Eaton Corporation, among others.