Market Research Report
Aviation Actuator Systems - Global Market Outlook (2017-2026)
|Published by||Stratistics Market Research Consulting||Product code||521349|
|Published||Content info||158 Pages
Delivery time: 2-3 business days
|Aviation Actuator Systems - Global Market Outlook (2017-2026)|
|Published: September 1, 2018||Content info: 158 Pages||
According to Stratistics MRC, the Global Aviation Actuator Systems Market is accounted for $854.1 million in 2017 and expected to grow at a CAGR of 7.3% to reach $1618.2 million by 2026. The increasing trend for more electric aircraft & automation and increasing profitability of airliners are some of the factors triggering towards market growth. Leakage issues in hydraulic & pneumatic actuators are one of the factors restraining the market. The emerging aviation and aircraft sector in Asia Pacific region provide ample opportunities in the market.
The aviation actuator is equipment or a component used to move and control a mechanism or system. To perform these movement functions, an actuator requires a source of energy and a control system. Mainly there are three different variants in the control signal and is relatively a low energy, they are electric voltage or current, pneumatic or hydraulic pressure or sometimes even human power. The actuator starts working after receiving a control signal by converting the received signal energy to a mechanical motion.
On the basis of end user, the commercial aviation sector is expected to grow at a great pace during the forecast period. There is an increase in demand for commercial aircraft, due to the increasing revenue generation from commercial aircraft, this in turn is generating a great demand for aviation actuator systems in the commercial aviation segment.
By geography, North America is one of the impressing regions in the aviation actuator systems market. The aviation actuator systems market in this region is also projected to have increasing the CAGR during the forecast period. The low oil prices, expansionary fiscal & monetary policy, deleveraging private sector, and steady labor market factors are some of the driving factors for aviation actuator systems market in this region. North America is considered as one of the chief producer of fighter and military transport aircraft.
Some of the key players in the Global Aviation Actuator Systems market are GE Aviation, Honeywell International Inc., Moog Inc., Rockwell Collins, Inc., United Technologies Corporation, Woodward Inc., Beaver Aerospace & Defense, Inc. , Electromech Technologies., UTC Aerospace Systems, Saab AB, Arkwin , Cesa, Curtiss-Wright Corporation, Eaton Industries GmbH, Parker Hannifin Corp., Emerson Electric , SMC Corporation, Siemens, Flowserve and Festo AG.
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