Aerospace Actuators Market - Global Industry Analysis 2014 - 2018 and Forecast 2019 - 2029


Aerospace Actuators  Market
  • Report code : PMRREP29035 |
  • Industry : Automotive |
  • To Be Published : Sep-2020 |
  • Status : Work in progress |
  • Format : Aerospace Actuators  Market Aerospace Actuators  Market Aerospace Actuators  Market Aerospace Actuators  Market

Aerospace Actuators Market: Introduction

An aerospace actuator is a component of aircraft that is responsible for moving and controlling various a mechanism and system in the aircraft. Currently, the actuators are used widely in almost all the aircraft systems, from controlling engine speed/velocity to humidification air inside the aircraft, all are controlled with the help of aerospace actuators. Additionally, aerospace actuators also installed in the landing gear, Wings flap, weapon systems, brakes, Rudder, Canards, Elevons, cargo doors etc. for the smooth functioning of all the systems. The actuation is basically done with the valve or lever arrangement according to the need of the system.

Aerospace Actuators Market: Dynamics

The growth in demand for Aerospace Actuators Market is mainly due to rising production of aircraft as well as from maintenance and repair services across the globe. The rising demand for aircraft is owing to the regular increase in passenger traffic across the globe. Also, the R&D which is carried out on Aerospace Actuators material to optimize its strength as well as decrease the weight of the aircraft increasing its efficiency in recent years. Also, the growing focus of aircraft manufacturers on rapid advancement in technology is anticipated to increase the demand for the global Aerospace Actuators in the upcoming years. Apart from this, the Aerospace Actuators is an integral part of all aircraft, and hence, the development of the aerospace sector in civil as well as the defence will also add up to the growth of the global aerospace actuators market.

However, the factors such as strict standards and guidelines from regulating authorities and the high cost of manufacturing setup are expected to restrain the growth of the aerospace actuators market over the forecast period. However, the prevalent trend to use better technology components for better results will contribute towards the growth of the demand for aerospace actuators during the forecast period.

Aerospace Actuators Market: Segmentation

  • Based On The Application, The Aerospace Actuators Market can be segmented as follows:
    • Flight Control
    • Auxiliary Control
    • Utility Actuation
    • Others (Including Weapons Bay Door Drive)
  • Based on the Aviation Type, the Aerospace Actuators Market can be segmented as follows:
    • Commercial Aviation
    • Military Aviation
    • Private Jet
  • Based on the Source of Actuation, the Aerospace Actuators Market can be segmented as follows:
    • Mechanical Aerospace Actuator
    • Hydraulic Aerospace Actuator
    • Electric Aerospace Actuator
    • Others (Electro hydrostatic, Piezoelectric, and Pneumatic Aerospace Actuator)
  • Based on the Type, the Aerospace Actuators Market can be segmented as follows:
    • Linear
    • Rotary
  • On the basis of the aircraft type, the Aerospace Actuators Market can be segmented as:
    • Narrow Body aircraft
    • Wide Body aircraft
    • Regional Jet
    • Turboprop
    • Rotary-wing Aircraft
      • Civil Helicopters
      • Military Helicopters
    • Military Transport Aircraft
    • Fighter Jets

Aerospace Actuators Market: Regional Outlook

Geographically, the Aerospace Actuators market is segmented into eight regions including North America, the Middle East and Africa, Western Europe, Eastern Europe, Latin America and the East Asia Pacific, South Asia and Oceania.

During the forecast period, North America is expected to hold a major share in the global Aerospace Actuators market followed by Europe and is anticipated to dominate even in the forecast period owing to the significant demand from established OEM aircraft manufacturers in this region. The Asia Pacific Is expected to exhibit high growth in the aviation market owing to robust growth in the aerospace industry. Also, a significant increase in defence spending on fighter jets in the economies of the Asia Pacific such as China, India, and Vietnam is anticipated to contribute to the growth of regional demand of Aerospace Actuators. Rest of the world is estimated to account for a relatively small share of the Aerospace Actuators market.

Aerospace Actuators Market: Market Participants

Some of the market participants operating across the value chain of the global Aerospace Actuators Market are:

  • Curtiss-Wright Corporation
  • Parker Hannifin Corporation
  • Aero Space Controls Corporation
  • Moog, Inc.
  • Triumph Group, Inc.
  • Nook Industries Inc
  • Honeywell International Inc.
  • Collins Aerospace
  • UTC Aerospace Systems

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint
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