Albany, NY -- (SBWIRE) -- 05/28/2019 -- According to a new report on the aviation actuator system market, published by Transparency Market Research, the global aviation actuator system market is expected to reach value of US$ 2283.9 Mn by 2026, expanding at a CAGR of 6.4% from 2018 to 2026. According to the report, the global market is likely to continue to be influenced by a range of macroeconomic and market-specific factors. In terms of demand, Asia Pacific is projected to continue to lead the global market, with the market in the region expanding at a CAGR of 7.3% between 2018 and 2026.

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The market for aviation actuator system has witnessed significant growth over the last two decades. This is primarily attributable to rising demand for aircraft led by surge in the passenger traffic across the world. In recent years, there has been a significant increase in the demand for commercial passenger aircraft. This growth can be attributed to continued economic growth, increasing consumer spending, especially in developing economies such as India and China, and growing global passenger traffic.

In order to serve rising passenger traffic, the production of several new aircraft such as Boeing 737 Max, Airbus A320neo and A350, and Bombardier C-series, which are predominantly used for air travel, has been increased. These factors are likely to drive the global aviation actuator system market during the forecast period.

The global aviation actuator system market has been segmented as follows:

Global Aviation Actuator System Market, by Actuator Type

Mechanical Actuator
Hydraulic Actuator
Electric Actuator
Others (Including Piezoelectric Actuator, Pneumatic Actuator, and Electrohydrostatic Actuator)

Global Aviation Actuator System Market, by Application

Flight Control
Auxiliary Control
Utility Actuation
Others (Including Weapons Bay Door Drive)

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Global Aviation Actuator System Market, by End-use

Commercial Aviation
Defense