Market Overview:
MarkNtel Advisors has released a new report that highlights the strong growth trajectory of the Aviation Actuator Market, The Global Aviation Actuator Market is projected to grow at a CAGR of around 8.5% during the forecast period, i.e., 2022-27. Various factors are attributed to the growth of the market like growth in automobile production, growing focus on lightweight & sustainable materials, rising demand for luxury & customized interiors, increasing focus on safety standards, and the adoption of Advanced Driver Assistance Systems (ADAS). The report provides valuable insights into the drivers, trends, and challenges shaping the future of the Aviation Actuator Market. It offers an in-depth look at the key players, geographical performance, and the segments leading the charge in market share.
Industry Outlook & Forecasts:
- Forecast Period: 2022-2027
- CAGR (2022-2027): 8.5%
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Global Aviation Actuator Market Segmentation Breakdown:
The Aviation Actuator Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Application
- Flight Control
- Health Monitoring System
- Power Distribution System
- Fuel Management System
- Landing and Braking System
- Avionics System
- By Product Type
- Electric Actuators
- Mechanical Actuators
- Pneumatic Actuators
- Hydraulic Actuators
- By Aircraft Type
- Narrow Body Aircraft
- Wide Body Aircraft
- Very Large Aircraft
- Fighter Aircraft
- Transport Aircraft
Of them all, narrow-body aircraft are expected to acquire a considerable share in the Global Aviation Actuator Market during 2022-27.
- By End User
- Commercial Aviation
- Defense
Here, the commercial aviation sector holds a sizeable market share, mainly due to the burgeoning production of commercial aircraft, which have more actuators than their military counterparts.
Geographical Growth Insights:
By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
Of all countries globally, North America is expected to dominate the Aviation Actuator Market with the largest share during 2022-27.
MarkNtel Advisors Highlights Key Market Drivers for Aviation Actuator Market:
The Mounting Demand for Electric Actuators and Rising Air Passenger Traffic
The MEA (More Electric Aircraft) technology is a key area of growth for actuator manufacturers since it holds immense potential to reduce aircraft weight, enhance fuel efficiency, minimize operational & maintenance costs, and provide optimized performance. As this trend is accelerating, there are growing requirements for electric actuators, which are more efficient, environmentally friendly, & safer than hydraulic actuators and can eliminate issues associated with conventional systems, such as high costs, leakage, heating, etc. Moreover, with improving living standards and urbanization, air traffic is on a constant rise worldwide, i.e., leading to the growing production of commercial aircraft to cater to the ever-increasing number of air passengers. These aspects are projected to drive the aircraft actuator market during 2022-27.
A Comprehensive Analysis of Leading Companies in Global Aviation Actuator Market
- Honeywell international
- United Technologies Corporation
- Rockwell Collins, Inc.
- Parker Hannifin Corp.
- Eaton
- Curtiss-Wright Corporation
- Saab AB
- Moog Inc.
- Woodward Inc.
- GE Aviation
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Global Aviation Actuator Market Growth Restraint:
Aircraft manufacturers have to follow guidelines & certifications associated with safety, leakage, & design of aircraft components as regulated by FAA (Federal Aviation Administration). Due to these norms, the production of components like landing gears, flight control systems, etc., is a time-consuming process, which, in turn, delays certification and negatively impacts revenue generation. Hence, these stringent regulations would act as a major growth restraint to the Global Aircraft Actuator Market during 2022-27.
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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
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