Aircraft Actuator Market Top Manufacturers Analysis, Size Report and Growth Forecast to 2026
The
global ''aircraft
actuator market'' size is projected to reach USD 16.98 billion by the
end of 2026. Recent technological advancements have played a huge part in the
growth of the market in recent years. According to a report by Fortune Business
Insights, titled “Aircraft Actuator Market Size, Share
and Global Trend By Motion (Linear, Rotary), By Actuator Type (Hydraulic,
Pneumatic, Electric, Electromechanical, Electrohydrostatic), By Platform
(Fixed-Wing, Rotary-Wing), By Installation (Power Generation & Distribution
System, Flight Control System, Fuel Management System, Landing Gear &
Braking System, Passenger Comfort, and others), and Geography Forecast till
2026,” the
market was worth USD 14.85 billion in 2018 and will exhibit a CAGR of 3.12%
during the forecast period, 2019-2026.
An
actuator is a system that is used for controlling the movement functions of an
aircraft. The product regulates the motion and flow of the aircraft; an
integral function as far as the operation of the system is concerned.
An Overview of the Impact of COVID-19 on this Market:
The
emergence of COVID-19 has brought the world to a standstill. We understand that
this health crisis has brought an unprecedented impact on businesses across
industries. However, this too shall pass. Rising support from governments and several
companies can help in the fight against this highly contagious disease. Some
industries are struggling and some are thriving. Overall, almost every sector
is anticipated to be impacted by the pandemic.
We
are taking continuous efforts to help your business sustain and grow during
COVID-19 pandemics. Based on our experience and expertise, we will offer you an
impact analysis of coronavirus outbreak across industries to help you prepare
for the future.
Study Period: 2016-2027
Base Year: 2019
Forecast Period:
2020-2027
Historical Period:
2016-2018
List of leading companies that are operating in the aircraft
actuator market include;
- Eaton Corporation
Inc.
- Honeywell
International Inc.
- Lockheed Martin
Corporation
- Moog Inc.
- Northrop Grumman
Corporation
- Parker Hannifin
Corporation
- Rockwell Collins
- Saab AB (Sweden)
- Sitec Aerospace
GmbH (Germany)
- TAMAGAWA SEIKI
Co.Ltd. (Japan)
- The Boeing
Company
- Woodward Inc.
The
high investments towards the development of efficient actuators, driven by the
demand for efficient and faster products, will have a positive impact on the
growth of the market in the coming years. As a result there have been numerous
technological advancements in actuators. The increasing demand for
technologically advanced systems have led to improved product efficacies and
ultimately increased the demand for the product across the world.
Increasing Number of Product Launches Will Aid Growth
The
report includes several factors that have made an impact on the growth of the
market in recent years. It discusses a few of the major industry developments
of recent times. Among all factors, the increasing number of product launches
has made a huge impact on the growth of the market in recent times. The
emphasis on the adoption of technologically advanced products has compelled
companies to introduce newer products at a rapid pace. Due to the accuracy and
precision involved in aircraft operations, it is necessary to adopt products
with the highest efficiency. The increasing number of technological advancements
will help companies generate substantial aircraft actuators market revenue in
the coming years
Aircraft Actuator Market report Focus on:
- Extensive product
offerings
- Customer research
services
- Robust research
methodology
- Comprehensive
reports
- Latest
technological developments
- Value chain
analysis
- Potential Market
opportunities
- Growth dynamics
- Quality assurance
- Post-sales
support
- Regular report
updates
Reasons to Purchase this Report:
- Comprehensive
analysis of the market growth drivers, obstacles, opportunities, and other
related challenges.
- Tracks the
developments, such as new product launches, agreements, mergers and
acquisitions, geographical expansions, and joint ventures.
- Identifies market
restraints and boosters.
- Identifies all
the possible segments present in the market to aid organizations in
strategic business planning.
North America Dominates the Market; Presence of Several Large
Scale Companies Will Aid Growth
The
report analyzes the ongoing aircraft actuator market trends across North
America, Latin America, Asia Pacific, the Middle East and Africa, and Europe.
Among these regions, North America holds the highest aircraft actuators market
share in recent years. The massive investments towards the adoption of modern
actuators will bode well for the growth of the regional market. As of 2018, the
market in North America was worth USD 8.17 billion and this value is projected
to increase further in the coming years. The market in Europe will also witness
considerable growth in the coming years, owing to the upgradation of existing
actuators for improved reliability.
Key Questions Answered:
- Why Choose
Fortune Business Insights?
- What are the key
demands and trends shaping the market?
- What are the key
opportunities in the market?
- What are the key
companies operating in the market?
- Which company
accounted for the highest market share?
- What is the
market size and growth rate of the global and regional market by various
segments?
- What is the
market size and growth rate of the market for selective countries?
- Which region or
sub-segment is expected to drive the market in the forecast period?
- What Factors are
estimated to drive and restrain the market growth
Industry Developments:
August 2019 – The Boeing Company bagged a
contract worth USD 55.5 million from the United States Air Force (USAF). This
contract was aimed at the modification of boom telescope actuator on Boeing
KC-46.
Click here to get the short-term and long-term impact of COVID-19
on this Market:
https://www.fortunebusinessinsights.com/aircraft-actuator-market-102578
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Release:
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