Aircraft Actuator Market Industry Trends, Sales Revenue, Industry Growth, Development Status, Top Leaders, Future Plans and Opportunity Assessment 2027
The global ''aircraftactuator'' market size is projected to reach USD 16.98 billion by the endof 2026. Recent technological advancements have played a huge part in thegrowth of the market in recent years. According to a report by Fortune BusinessInsights, titled “Aircraft Actuator Market Size, Share and GlobalTrend By Motion (Linear, Rotary), By Actuator Type (Hydraulic, Pneumatic,Electric, Electromechanical, Electrohydrostatic), By Platform (Fixed-Wing,Rotary-Wing), By Installation (Power Generation & Distribution System,Flight Control System, Fuel Management System, Landing Gear & BrakingSystem, Passenger Comfort, and others), and Geography Forecast till 2026,” themarket was worth USD 14.85 billion in 2018 and will exhibit a CAGR of 3.12%during the forecast period, 2019-2026.
An actuator is a system that is used for controlling the movementfunctions of an aircraft. The product regulates the motion and flow of theaircraft; an integral function as far as the operation of the system isconcerned.
An Overview of the Impact of COVID-19 on this Market:
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Study Period: 2016-2027
Base Year: 2019
Forecast Period: 2020-2027
Historical Period: 2016-2018
List of leading companies that are operating in the aircraftactuator market include;
- Eaton Corporation Inc.
- Honeywell International Inc.
- Lockheed Martin Corporation
- Moog Inc.
- Northrop Grumman Corporation
- Parker Hannifin Corporation
- Rockwell Collins
- Saab AB (Sweden)
- Sitec Aerospace GmbH (Germany)
- TAMAGAWA SEIKI Co.Ltd. (Japan)
- The Boeing Company
- Woodward Inc.
The high investments towards the development of efficientactuators, driven by the demand for efficient and faster products, will have apositive impact on the growth of the market in the coming years. As a resultthere have been numerous technological advancements in actuators. Theincreasing demand for technologically advanced systems have led to improvedproduct efficacies and ultimately increased the demand for the product acrossthe world.
Increasing Number of Product Launches Will Aid Growth
The report includes several factors that have made an impact onthe growth of the market in recent years. It discusses a few of the majorindustry developments of recent times. Among all factors, the increasing numberof product launches has made a huge impact on the growth of the market inrecent times. The emphasis on the adoption of technologically advanced productshas compelled companies to introduce newer products at a rapid pace. Due to theaccuracy and precision involved in aircraft operations, it is necessary toadopt products with the highest efficiency. The increasing number oftechnological advancements will help companies generate substantial aircraftactuators market revenue in the coming years
Aircraft Actuator Market report Focus on:
- Extensive product offerings
- Customer research services
- Robust research methodology
- Comprehensive reports
- Latest technological developments
- Value chain analysis
- Potential Market opportunities
- Growth dynamics
- Quality assurance
- Post-sales support
- Regular report updates
Reasons to Purchase this Report:
- Comprehensive analysis of the market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
North America Dominates the Market; Presence of Several Large Scale CompaniesWill Aid Growth
The report analyzes the ongoing aircraft actuator market trendsacross North America, Latin America, Asia Pacific, the Middle East and Africa,and Europe. Among these regions, North America holds the highest aircraftactuators market share in recent years. The massive investments towards theadoption of modern actuators will bode well for the growth of the regionalmarket. As of 2018, the market in North America was worth USD 8.17 billion andthis value is projected to increase further in the coming years. The market inEurope will also witness considerable growth in the coming years, owing to theupgradation of existing actuators for improved reliability.
Key Questions Answered:
- Why Choose Fortune Business Insights?
- What are the key demands and trends shaping the market?
- What are the key opportunities in the market?
- What are the key companies operating in the market?
- Which company accounted for the highest market share?
- What is the market size and growth rate of the global and regional market by various segments?
- What is the market size and growth rate of the market for selective countries?
- Which region or sub-segment is expected to drive the market in the forecast period?
- What Factors are estimated to drive and restrain the market growth
Industry Developments:
August 2019 – The Boeing Company bagged a contract worthUSD 55.5 million from the United States Air Force (USAF). This contract wasaimed at the modification of boom telescope actuator on Boeing KC-46.
Click here to get the short-term and long-term impact of COVID-19on this Market:
https://www.fortunebusinessinsights.com/aircraft-actuator-market-102578
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