Aircraft Actuator System Market: Introduction
Aircraft actuators are primarily utilized for converting an electrical signal into kinetic energy for the movement of electro-mechanical components. Aircraft actuator systems play a significant role in the proper functioning of landing gears, flight control system and other auxiliary components such as door locking and unlocking system. The aircraft actuation system has high dynamic forces and can be installed into small and tight spaces and also withstand ambient conditions such as high temperature and vibrations. Nowadays, the rising demand for advanced electronics in the aircraft is estimated to replace the traditional aircraft actuator system with the electric or pneumatic system which will have a positive impact on the growth of the global aviation actuator system market over the forecast period.
Aircraft Actuator System Market: Dynamics
The aircraft actuator system market is expected to grow with healthy growth rate over the assessment period owing to increase in fleet of military as well as commercial aircraft. Air travel has considerably increased in the recent past as a large piece of population with high disposable income prefers airways as means of conveyance, which increases the need for airline carriers and simultaneously surges the demand for new aircrafts. This factor is one of the primary factors that boost the growth of the aircraft actuator system market.
The electric aircraft actuator system reduces the maintenance cost, as this system needs a low level of lubrication and also have a quick response time. Moreover, electric actuator systems offer various benefits such as high reliability, high acceleration, low power consumption, reduced weight and stall torque capability which helps in handling the impulsive load. These factors are estimated to boost the growth of the global electric aircraft actuator system market. Furthermore, developing countries including India and China are heavily investing in the defence sector by procuring advanced military aircraft, which will compel the demand for advanced electronic components. This factor is also expected to boost the Aircraft Actuator System market during the forecast period.
Additionally, developing countries such as India, China, and Russia ordered thousands of new commercial aircraft in 2018 which will be expected to deliver by 2037 so this factor also plays an important role in the growth of the aircraft actuator system market. The aircraft actuator system market is also dependent on the number of orders placed by the airline carriers for aircraft. The high number of orders can strain the productivity of aircraft OEMs resulting in backlogs which can disrupt the overall dynamics of the aircraft actuator system market.
Aircraft Actuator System Market: Segmentation
The Aircraft Actuator System market can be segmented by product type, application, aircraft type and sales channel:
On the basis of product type, Aircraft Actuator System market can be segmented into:
On the basis of application, Aircraft Actuator System market can be segmented into:
On the basis of aircraft type, Aircraft Actuator System market can be segmented into:
On the basis of sales channel Aircraft Actuator System market can be segmented into:
Aircraft Actuator System Market: Regional Outlook
The North America aircraft actuator system market is estimated to hold prominent share in the global market, owing to presence of prominent aircraft manufacturers and increase in number of aircraft fleet across the region. Europe market is expected to grow with significant growth rate due to increase in air traffic and upgradation in the wide body aircrafts. Additionally, aircraft manufacturers are focused on reducing the emission of the aircraft as well as increasing the fuel efficiency with installation of efficient and advanced Aircraft Actuator System. In East Asia, China is venturing into the manufacturing of commercial aircrafts including its component and engine which will help in reducing the import cost as well as support the growth of aviation industry across the region. This factor also increases the delivery and production of new aircrafts which will propel the demand for Aircraft Actuator System and boost the growth of the market over the forecast period.
Aircraft Actuator System Market: Key Participants
Examples of some of the key participants in the global Aircraft Actuator System market identified in the value chain are:
The Aircraft Actuator System market 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 Aircraft Actuator System research report provides analysis and information according to market segments such as geographies, application, and industry.
The Aircraft Actuator System market report covers exhaustive analysis on:
Regional analysis includes:
The Aircraft Actuator System market 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 Aircraft Actuator System market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The Aircraft Actuator System market report also maps the qualitative impact of various market factors on market segments and geographies.
Aircraft Actuator System market Report Highlights:
NOTE - All statements of fact, opinion, or analysis expressed in Aircraft Actuator System market reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company