Global Aircraft Actuator Market was valued at USD 9.1 Billion in 2020 and is projected to reach USD 16.65 Billion by 2027, growing at a CAGR of 9.0% from 2020 to 2027.
Aircraft actuators are extremely vital for the successful functioning of the aircraft. It helps aircraft in its control as well as a flight for the safety of the individuals inside of the aircraft. Actuators are used in several applications for the aircraft. The actuator is used in the flaps as well as the landing gear of an aircraft. Actuators can be used to maintain the aircraft at low airspeeds as well as aids the flights in extending and retracting. Actuators are often made of very lightweight but extremely reliable material.
Increasing urbanization; rising migrants, tourists, and international students; growing middle-class population; and continued economic growth are few factors that contribute to the growth of the global aircraft actuator market. Bilateral air service agreements, flourishing trade among nations, and liberalization is other factors propelling the growth of the global market.
The aircraft actuator market can be segmented on the basis of the application, aircraft type, and geography. The application segment of the global aircraft actuator market is segmented as power distribution, power generation, landing and braking, fuel, flight control, health monitoring, and avionics. The aircraft type segment is further diversified as the wide body, narrow body, and very large body. Narrow body aircraft had the largest market by aircraft type as a result of the rise in increasing passenger traffic, aircraft sales, and technological advancement.
The aircraft actuator market can also be segmented on the basis of product into electric actuators, hydraulic, mechanical, and pneumatic. The hydraulic actuator market is the dominant segment owing to increasing the need for hydraulic actuators in constant speed propellers, operating wheel brakes, and retractable land gear.
On account of increase in overseas education, disposable income, and migration, Asia-Pacific region is anticipated to observe considerable growth aircraft actuators market. Hence, the Asia-Pacific region is estimated to witness a significant rise in the digit of commercial aircraft and air traffic. The aircraft actuator market in North America is estimated to observe positive growth due to increase in acceptance of the modern standardization strategies for security by North American Airlines. Owing to rising investments in renovating the wide body aircraft in the United States, this region is also estimated to witness positive demand in future. The aircraft production rate of Boeing is expected to increase in the coming period owing to increasing the need for actuators in North America. Increased need for enhancement as a result of high air traffic in developed economies such as North America and Europe has surged to the need for a better reliability and efficiency-backed aviation actuators.
The prominent vendors include Honeywell, Moog, Parker Aerospace, Rockwell Collins, UTC Aerospace Systems. These players adopt expansion strategies ranging from agreements, contracts, development of plant capacities, and joint ventures to achieve growth.
Aircraft actuators are extremely vital for the successful functioning of the aircraft. It helps aircraft in its control as well as a flight for the safety of the individuals inside of the aircraft. Actuators are used in several applications for the aircraft. The actuator is used in the flaps as well as the landing gear of an aircraft. Actuators can be used to maintain the aircraft at low airspeeds as well as aids the flights in extending and retracting. Actuators are often made of very lightweight but extremely reliable material.
Increasing urbanization; rising migrants, tourists, and international students; growing middle-class population; and continued economic growth are few factors that contribute to the growth of the global aircraft actuator market. Bilateral air service agreements, flourishing trade among nations, and liberalization is other factors propelling the growth of the global market.
The aircraft actuator market can be segmented on the basis of the application, aircraft type, and geography. The application segment of the global aircraft actuator market is segmented as power distribution, power generation, landing and braking, fuel, flight control, health monitoring, and avionics. The aircraft type segment is further diversified as the wide body, narrow body, and very large body. Narrow body aircraft had the largest market by aircraft type as a result of the rise in increasing passenger traffic, aircraft sales, and technological advancement.
The aircraft actuator market can also be segmented on the basis of product into electric actuators, hydraulic, mechanical, and pneumatic. The hydraulic actuator market is the dominant segment owing to increasing the need for hydraulic actuators in constant speed propellers, operating wheel brakes, and retractable land gear.
On account of increase in overseas education, disposable income, and migration, Asia-Pacific region is anticipated to observe considerable growth aircraft actuators market. Hence, the Asia-Pacific region is estimated to witness a significant rise in the digit of commercial aircraft and air traffic. The aircraft actuator market in North America is estimated to observe positive growth due to increase in acceptance of the modern standardization strategies for security by North American Airlines. Owing to rising investments in renovating the wide body aircraft in the United States, this region is also estimated to witness positive demand in future. The aircraft production rate of Boeing is expected to increase in the coming period owing to increasing the need for actuators in North America. Increased need for enhancement as a result of high air traffic in developed economies such as North America and Europe has surged to the need for a better reliability and efficiency-backed aviation actuators.
The prominent vendors include Honeywell, Moog, Parker Aerospace, Rockwell Collins, UTC Aerospace Systems. These players adopt expansion strategies ranging from agreements, contracts, development of plant capacities, and joint ventures to achieve growth.
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