[131 Pages Report] Actuator Systems Market in Aviation Research Report Categorizes Global Market by Product (Electric, Electrohydraulic, Electromechanical, Electrohydrostatic), Application (Flight Control System, Landing Gear, Auxiliary Control), Aircraft Type, End User & by Geography.
Pune, India -- (SBWIRE) -- 08/11/2016 -- The aviation actuator systems market is projected to grow from USD 822.3 Million in 2016 to USD 1090.9 Million by 2021, growing at a CAGR of 5.82% between 2016 and 2021. Factors influencing the growth of aviation actuator systems market include increasing aircraft orders along with the increasing passenger traffic across the globe. The number of aircraft has increased due to rise in air traffic. The aviation actuator systems market is highly dependent on the number of aircraft manufactured and its ability to minimize limitations of weight, high maintenance requirements, and vulnerability of security risks. This has further resulted in procurement of power-efficient and low weight actuators.
Browse 71 market data Tables and 71 Figures spread through 131 Pages and in-depth TOC on "Actuator Systems Market in Aviation - Global Forecast to 2021"
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The electrohydraulic segment to dominate the aviation actuator systems market
Aviation actuator systems market is segmented on the basis of product into electric, electromechanical, electrohydraulic, and electrohydrostatic actuators. Electrohydraulic segment dominates the studied market and is expected to continue its dominance over the forecast period. The demand for electrohydraulic actuators is primarily driven by some of its advanced features such as high reliability, effectiveness in handling impulse load, high acceleration & stall torque capability, and simple & low power electronics.
The wide body aircraft segment is expected to grow at the highest pace during the forecast period
The global aviation actuator systems market has been segmented and analyzed on the basis of aircraft type including narrow body aircraft, wide body aircraft, very large aircraft, transport aircraft, and fighter jets. Wide body aircraft segment is anticipated to grow at the highest pace during the forecast period. It is expected to dominate the market on account of its efficiency and rise in passenger traffic. Increasing connectivity between important geographical locations of developing regions and developed regions has led to the rise in demand for wide body aircraft.
The aviation actuator systems market is expected to witness the highest growth in the North American region
The aviation industry in North American region has been witnessing strong growth over the past few years, mainly driven by the increasing demand from the major aircraft manufacturers in this region including Boeing and Bombardier. Increasing number of aircraft orders to these manufacturers by major airliners across the globe is expected to propel the market growth during the forecast period.
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Key players operating in the aviation actuator systems market are United Technologies Corporation (U.S.), Parker Hannifin Corp. (U.S.), Eaton (Ireland), Honeywell International, Inc. (U.S.), and Rockwell Collins (U.S.). Contracts, new product launches, expansions, partnership, collaborations, and agreements are the major growth strategies adopted by the players to strengthen their position in the market.
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