Aircraft Actuator Market Size, 2019 Industry Share and Global Demand | 2026 Forecast by Fortune Business Insights™
Theglobal ''aircraftactuator market'' size is projected to reach USD 16.98 billion by theend of 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, Shareand Global Trend By Motion (Linear, Rotary), By Actuator Type (Hydraulic,Pneumatic, Electric, Electromechanical, Electrohydrostatic), By Platform(Fixed-Wing, Rotary-Wing), By Installation (Power Generation & DistributionSystem, Flight Control System, Fuel Management System, Landing Gear &Braking System, Passenger Comfort, and others), and Geography Forecast till2026,” themarket was worth USD 14.85 billion in 2018 and will exhibit a CAGR of 3.12%during the forecast period, 2019-2026.
Anactuator is a system that is used for controlling the movement functions of anaircraft. The product regulates the motion and flow of the aircraft; anintegral function as far as the operation of the system is concerned.
An Overview of the Impact of COVID-19 on this Market:
Theemergence of COVID-19 has brought the world to a standstill. We understand thatthis health crisis has brought an unprecedented impact on businesses acrossindustries. However, this too shall pass. Rising support from governments and severalcompanies can help in the fight against this highly contagious disease. Someindustries are struggling and some are thriving. Overall, almost every sectoris anticipated to be impacted by the pandemic.
Weare taking continuous efforts to help your business sustain and grow duringCOVID-19 pandemics. Based on our experience and expertise, we will offer you animpact analysis of coronavirus outbreak across industries to help you preparefor the future.
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.
Thehigh investments towards the development of efficient actuators, driven by thedemand for efficient and faster products, will have a positive impact on thegrowth of the market in the coming years. As a result there have been numeroustechnological advancements in actuators. The increasing demand fortechnologically advanced systems have led to improved product efficacies andultimately increased the demand for the product across the world.
Increasing Number of Product Launches Will Aid Growth
Thereport includes several factors that have made an impact on the growth of themarket in recent years. It discusses a few of the major industry developmentsof recent times. Among all factors, the increasing number of product launcheshas made a huge impact on the growth of the market in recent times. Theemphasis on the adoption of technologically advanced products has compelledcompanies to introduce newer products at a rapid pace. Due to the accuracy andprecision involved in aircraft operations, it is necessary to adopt productswith the highest efficiency. The increasing number of technological advancementswill help companies generate substantial aircraft actuators market revenue inthe 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 LargeScale Companies Will Aid Growth
Thereport analyzes the ongoing aircraft actuator market trends across NorthAmerica, Latin America, Asia Pacific, the Middle East and Africa, and Europe.Among these regions, North America holds the highest aircraft actuators marketshare in recent years. The massive investments towards the adoption of modernactuators will bode well for the growth of the regional market. As of 2018, themarket in North America was worth USD 8.17 billion and this value is projectedto increase further in the coming years. The market in Europe will also witnessconsiderable growth in the coming years, owing to the upgradation of existingactuators 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 acontract worth USD 55.5 million from the United States Air Force (USAF). Thiscontract was aimed at the modification of boom telescope actuator on BoeingKC-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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