Transparency Market Research
Global Aviation Actuator System Market: Snapshot
Aviation actuator system find applications for several mechanical components of aircrafts. This includes position feedback, seat actuation, manual drives, electromagnetic brakes, load limiters, clutches, and lading gears.
Aviation actuator systems witness mechanical and functional upgrades. Electric aviation actuator systems that are presently widely used serve to address issues of heating, fluid, contamination, and cost mostly associated with their mechanical counterparts. Such innovations in aviation actuator systems have led to the development of eco-friendly aircraft.
Aviation actuator systems are related to fuel efficiency, compactness, and reliability of aircraft. This serves as a plus for the growth of aviation actuator systems market.
On the downside, aviation actuator system involve high capital. Upgrade of conventional aviation actuator systems involves high cost or to replace them with novel systems. This is a roadblock to the growth of aviation actuator system market.
On a regional perspective, North America displays substantial demand for aviation actuator systems. High budgets of governments in the region for regular upgrades as well as availability of technical expertise to deploy novel aircraft components is a big plus for the aviation actuator system market in North America.
Competition-wise, the global aviation actuator systems market is fairly consolidated. High technical expertise and high capital involved in setting up a unit for aircraft components limits participation in the market. Top players in the aviation actuator systems market that hold large share include Eaton Industries GmbH, UTC Aerospace Systems, Moog Inc., Beaver Aerospace & Defense Inc., Honeywell International Inc., General Electric, PARKER HANNIFIN CORP., Electromech Technologies, and Arkwin.
There are many factors that are driving the growth of aviation actuator system market. The increased demand for advanced electronic equipment to replace conventional pneumatic and hydraulic actuators in aviation sector is likely to drive the aviation actuator systems market during forecast period. Further, an array of advantages such as fuel efficiency, reliability and compactness of modern aviation actuator systems is another a major factor that is expected to push the market. However, there are some factors that are restraining the aviation actuator system market growth. Chief among them is the high initial investment. A lot of capital is required for the up gradation of existing conventional aviation actuator system. Moreover, the innovation and advancement in the technology related to the aviation actuator system by the well established and emerging players are expected to overcome these restraints in near future.
The global aviation actuator system market can be segmented on the basis of product type, aircraft type, application, and region. On the basis of product type, the market can be divided into hydraulic actuator, mechanical actuator, pneumatic actuator, electromechanical actuator, and electro-hydraulic actuator. The electro-hydraulic actuator segment is likely to emerge as the dominant segment in 2017. The segment, on the backdrop of advancement in technology, reliability and effectiveness is anticipated to remain the dominant segment throughout the forecast years. On the basis of aircraft type, the global aviation actuator system market is segmented into narrow body aircraft, wide body aircraft, very large aircraft, transport aircraft and fighter aircraft. Based on aircraft type, the wide body aircraft segment is expected to dominate the aviation actuator system market in terms of value owing to the increase in passenger traffic. Importance of connectivity between key geographical locations is expected to propel the said segment to the fastest growing segment. On the basis of applications, the aviation actuator system market is segmented into commercial and defense.
Based on the region, the global aviation actuator system market can be classified into North America, Europe, South America, Middle East & Africa, and Asia Pacific. The global aviation actuator system market in North America is expected to account for the largest market share followed by Europe and Asia-Pacific. This is primarily due to the strong growth witnessed by the region’s aviation industry. The growing demand from key industry players such as Bombardier and Boeing is also adding to the region’s impressive growth rate. Growth in the aircraft orders is also helping the market to grow at a steady rate. The regional market is also characterized with high focus on technology innovation. Furthermore, the Asia-Pacific market is expected to grow at the highest rate during the forecast period owing to the rapid adoption of aviation actuator systems for increased safety. Additionally, the growth opportunities are mainly attributed to the significant economies of Japan, China, and India.
The major players operating in global aviation actuator system market are Eaton Industries GmbH, General Electric, UTC Aerospace Systems, PARKER HANNIFIN CORP, Moog Inc., Electromech Technologies, Beaver Aerospace & Defense, Inc., Cesa, Honeywell International Inc., and Arkwin.
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
The report provides the following information:
The main aim of the report is to:
MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.