Market Research Report
Aircraft Actuator Market by Component (Electronic, Electrical, & Mechanical), Application (Power Generation, Power Distribution, Flight Control, Landing & Braking, Fuel, Avionics, & Health Monitoring), Aircraft Type & Geography - Global Forecast to 2022
|Published by||MarketsandMarkets||Product code||309714|
|Published||Content info||146 Pages
Delivery time: 1-2 business days
|Aircraft Actuator Market by Component (Electronic, Electrical, & Mechanical), Application (Power Generation, Power Distribution, Flight Control, Landing & Braking, Fuel, Avionics, & Health Monitoring), Aircraft Type & Geography - Global Forecast to 2022|
|Published: April 4, 2016||Content info: 146 Pages||
The aircraft actuator market is expected to reach 20.13 billion by 2022 at a CAGR of 9.5% between 2016 and 2022. An increasing trend to adopt the more electric aircraft (MEA) concept has resulted in an increasing number of electronic components replacing the traditional mechanical or hydraulic components. This has resulted in an increased power requirement for electronic components, further increasing the demand for power generation systems and would be the major driver for the growth of the aircraft actuator market.
Among all the actuator types, hydraulic actuators accounted for the largest market share in 2015. Hydraulic actuators are the most powerful type of actuators which deliver high power and better control with a good response time, and without utilizing much space, because of which they are widely used as part of aircraft machineries.
Among all the electronic components types, converters accounted for the largest market share in 2015 and the market for the same is estimated to grow at the highest CAGR between 2016 and 2022. Due to the emergence of the more electrical aircraft concept, the requirement of electricity generation and distribution in aircraft would increase significantly; this would give rise to the associated components market including converters.
Key players in the aircraft actuator market include Honeywell Aerospace, Inc. (U.S.), Rockwell Collins, Inc. (U.S.), Safran SA (France), UTC Aerospace Systems (U.S.), Woodward, Inc. (U.S.), Microsemi Corporation (U.S.), Infineon Technologies AG (Germany), and Vishay Intertechnology, Inc. (U.S.) among others.
*Details on company at a glance, recent financials, products & services, strategies & insights, & recent developments might not be captured in case of unlisted companies.