The global ''aircraft actuator industry'' 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.
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.
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
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
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
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Industry Developments – Mergers, Acquisitions and Partnerships
- Latest technological Advancements
- Porters Five Forces Analysis
- Supply Chain Analysis
- Global Aircraft Actuator Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Motion
- Linear
- Rotary
- Market Analysis, Insights and Forecast – By Actuator Type
- Hydraulic
- Pneumatic
- Electric
- Electromechanical
- Electrohydrostatic
- Market Analysis, Insights and Forecast – By Platform
- Fixed-Wing
- Commercial Aircraft
- Business Aircraft
- Military Aircraft
- General Aviation Aircraft
- Fixed-Wing Fixed-Wing UAVs
- Rotary-Wing
- Military Helicopter
- Commercial Helicopter
- Market Analysis, Insights and Forecast – By Installation
- Power Generation & Distribution System
- Flight Control System
- Fuel Management System
- Landing Gear & Braking System
- Passenger Comfort
- Others
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia pacific
- Rest of the world
TOC Continued…!
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.
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Read Press Release: https://www.fortunebusinessinsights.com/press-release/aircraft-actuator-market-9725
The aircraft actuator market 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 report includes several factors that have made an impact on the growth of the market in recent years.
Among all factors, the increasing number of product launches has made a huge impact on the growth of the market in recent times.A few of the leading companies that are operating in the market include:Eaton Corporation Inc. (the U.S.)Honeywell International Inc. (the U.S.)Lockheed Martin Corporation (the U.S.)Moog Inc. (the U.S.)Northrop Grumman Corporation (the U.S.)Parker Hannifin Corporation (the U.S.)Rockwell Collins (the U.S.)Saab AB (Sweden)Sitec Aerospace GmbH (Germany)TAMAGAWA SEIKI Co.Ltd.
(Japan)The Boeing Company (the U.S.)Woodward Inc. (the U.S.)
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 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.
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.
The global ''aircraft actuator market'' size is projected to reach USD 16.98 billion by the end of 2026.
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.
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 CorporationMoog Inc.Northrop Grumman CorporationParker Hannifin CorporationRockwell CollinsSaab AB (Sweden)Sitec Aerospace GmbH (Germany)TAMAGAWA SEIKI Co.Ltd.
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 offeringsCustomer research servicesRobust research methodologyComprehensive reportsLatest technological developmentsValue chain analysisPotential Market opportunitiesGrowth dynamicsQuality assurancePost-sales supportRegular 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.
