Actuator Systems Market in Aviation to reach 1090.9 Million USD by 2021


Posted October 14, 2019 by ayub121

The aviation actuator systems market is projected to grow from USD 776.5 Million in 2015 to USD 1090.9 Million by 2021, at a CAGR of 5.82%. The base year considered for the report is 2015, and the forecast period is between 2016 and 2021.

 
The report "Actuator Systems Market in Aviation by Product (Electric, Electrohydraulic, Electromechanical, Electrohydrostatic), Application (Flight Control System, Landing Gear, Auxiliary Control), Aircraft Type, End User and Region - Global Forecast to 2021", The aviation actuator systems market is projected to grow from USD 822.3 Million in 2016 to USD 1090.9 Million by 2021, at a CAGR of 5.82%. Increasing number of aircraft orders, growing trend towards for more electric aircraft (MEA), and increasing demand for automation in aviation industry are some of the key factors expected to drive the global aviation actuator systems market during the forecast period.



Download PDF Brochure:- https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=137846800



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 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 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.

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.



About MarketsandMarkets



MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.



Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.



MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.



Mr. Shelly Singh

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

[email protected]
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By MarketsandMarkets™
Phone 8886006441
Business Address 630 Dundee Road Suite 430
Country United States
Categories Aerospace , Defense
Tags actuator systems market
Last Updated October 14, 2019