Global Aircraft Actuators Market

The GMI Research forecasts that the Aircraft Actuators Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the ongoing aggravation in government initiatives to extend defense & military aircraft, increasing trend of electric aircraft, mounting demand for commercial aircrafts and their surging endorsement led by various benefits.

Introduction of the Aircraft Actuators Market

Aircraft actuators refer to the mechanism that disseminates mechanical into linear motion with the assistance of control systems. They are controlled with different electric, pneumatic, hydraulic, and mechanical techniques for the movement control of aircrafts. They have the ability to resist acute conditions such as solid heat, vibrations, and cold.

Key Players of the Global Aircraft Actuators Market:

• Transdigm Group, Inc
• NOOK Industries, Inc
• UTC Aerospace Systems
• Honeywell International Inc.
• Meggit Plc
• Woodward, Inc
• Curtiss-Wright
• Parker Aerospace
• Moog
• Eaton
• Rockwell Collins

Aircraft Actuators Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Several drivers responsible for the growth of the global aircraft actuator market includes the increasing investment by government bodies to expand military and defense aircrafts to fortify the country accompanied by the bolstering demand for commercial aircrafts due to the mounting number of passengers. As per the Stockholm International Peace Research Institute (SIPRI) Organization Report, the accumulated expenditure by military reached USD 1917 billion due to the surged demand for military aircraft and homeland safety. Furthermore, the increasing preference towards the endorsement of electromechanical actuators (EMAs) for aircraft operations because of their significant features including lower fuel burn, less maintenance cost, improvement in the management of isolation, enhanced system flexibility, and fault detection is fuelling the market growth.

Moreover, the leading market players are adopting several measures which include mergers, amalgamations, and unions to introduce new electromechanical actuators for aircraft that supplemented the market growth. For example, Safran, in 2019, consummated the attainment of electromechanical systems business of Collins Aerospace to diversify its product portfolio in the pilot control and actuators applications.

Also, the amplified supply of commercialized aircraft owing to the acceleration in the number of passengers and expansion in tourism has strengthened the aircraft actuator market size. The International Air Transport Association, in 2020, experienced a contraction in the delivery of 960 new aircrafts due to the widespread of coronavirus pandemic.

However, the rising concern towards the leakages of oil and huge noise issues from pneumatic and hydraulic actuators may obstruct the market share. In addition, their insertion demands inflated maintenance cost as it includes various components like dryers, electric and fluid pump, compressors, air filters, lube tubes, and regulations, which is further likely to curb the aircraft actuator market share.

Aircraft Actuators Market Segmentation:

Segmentation by Type

• Linear
• Rotary

Segmentation by Technology

• Electric
• Hydraulic
• Pneumatic
• Mechanical

Segmentation by End-User

• Military Aircraft
• Commercial Aircraft

Segmentation by Region:

• North America
  • United States of America
  • Canada

• Asia Pacific
  • China
  • Japan
  • India
  • Rest of APAC
• Europe
  • United Kingdom
  • Germany
  • France
  • Spain
  • Rest of Europe
• RoW
  • Brazil
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com