Aircraft Actuator Market Worth 20.13 Billion USD by 2022


Posted June 7, 2017 by RameshwarM

The aircraft actuator market was valued at USD 10.30 Billion in 2015 and USD 20.13 Billion by 2022 and is expected to grow at a CAGR of 9.5% between 2016 and 2022.

 
The aircraft actuator market was valued at USD 10.30 Billion in 2015 and USD 20.13 Billion by 2022 and is expected to grow at a CAGR of 9.5% between 2016 and 2022. The base year used for this study is 2015 and the forecast period is from 2016 to 2022.

This report provides a detailed analysis of the aircraft actuator market based on component, aircraft type, and application. It has been estimated that the power generation application would hold a large share of the aircraft actuator market. However, the market for health monitoring systems is expected to grow at the highest CAGR between 2016 and 2022.

The global aerospace industry is set for extraordinary growth over the next generation, driven by the demand in emerging markets. Continued economic growth, increasing urbanization, a growing middle class population, rising international students, tourists, and migrants; flourishing trade among nations, liberalization, and bilateral air service agreements are just some of the factors that are set to increase the global connectivity.

The growth of the aerospace industry will directly impact and drive the aircraft actuator market.

Browse 55 market data Tables and 48 Figures spread through 144 Pages and in-depth TOC on "Aircraft Actuator Market"

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The growing trend of more electric aircraft and increasing demand for commercial aircraft, globally, are the major drivers for the aircraft actuator market.

Health monitoring systems application expected to grow at the highest CAGR between 2016 and 2022

The market for health monitoring systems is expected to grow at the highest CAGR during the forecast period.

The demand to increase aircraft availability and lower the costs by reducing unscheduled maintenance, aircraft downtime, and delays has boosted the demand for health monitoring systems which monitor various airplane systems and parts to effectively assess actual damages in real-time.

Generators expected to hold the largest market share and witness rapid growth during the forecast period

Among all the electrical and mechanical components types, generators accounted for the largest market share in 2015; this market is estimated to grow at the highest CAGR between 2016 and 2022. With the increasing requirement of electricity generation in the next-generation electric aircraft, the requirement of generators would also increase substantially during the forecast period.

Research Methodology

The research methodology used to estimate and forecast the aircraft actuator market begins with capturing data on key vendor revenues through secondary research.

•The vendor offerings are also taken into consideration to determine the market segmentation.

•The bottom-up procedure was employed to arrive at the overall market size of the global aircraft actuator market from the revenue of the key players in the market.

•After arriving at the overall market size, the total market was split into several segments and sub segments which were then verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, Directors, and executives.

•The market breakdown and data triangulation procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and sub segments.

Electrical and mechanical components held the largest share of the overall component market in 2015; this market is expected to grow at highest CAGR during the forecast period. This is mainly because electrical and mechanical components are part of all big and small applications in a commercial aircraft.

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Narrow body aircraft expected to lead the market for aircraft types
Narrow body aircraft had the largest market by aircraft type. The rapid growth in the aviation sector in emerging economies has created a huge market for low-cost aviation carriers and narrow body aircraft are widely preferred for domestic as well as international routes.

Major players in the Aircraft Actuator Market are Honeywell Aerospace, Inc. (U.S.), Rockwell Collins, Inc. (U.S.), Safran SA (France), UTC Aerospace Systems (U.S.), Woodward, Inc. (U.S.), Microsemi Corporation (U.S.), Infineon Technologies AG (Germany), and Vishay Intertechnology, Inc. (U.S.) among others.
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This research report categorizes the global aircraft actuator market based on component, aircraft type, and application. This report describes the drivers, restraints, opportunities, and challenges for the growth of the aircraft actuator market. The Porter's five forces analysis has been included in the report with a description of each of its forces and their respective impact on the aircraft actuator market.
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Issued By Rameshwar M
Website Aircraft Actuator Market
Phone 1-888-600-6441
Business Address 701 Pike Street Suite 2175, Seattle, WA 98101, United States
Country India
Categories Aerospace , Automotive , Defense
Tags aircraft actuator market
Last Updated June 7, 2017