February 17, 2021
According to the research report titled ‘Global Aviation Actuator Market Analysis, 2020’ available with Market Study Report LLC, global aviation actuator market is predicted to attain substantial revenues, registering a noteworthy compound annual growth rate of 8.5% during the stipulated timeframe of 2020 to 2025.
Factors such as innovations in aircraft functionality, increasing production of electric aircrafts, and escalating demand for advanced, fuel-efficient, automated, lightweight air-carriers are bolstering the expansion of the global aviation actuator market size.
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For the record, an actuator is a component of commercial aircrafts which is primarily used in manual drives, electromagnetic breaks, landing gears, seat actuation, clutches, position feedback, and flight control in order to ensure the safety of passengers.
Industry analysts claim that rising adoption of the product for performance improvement of aircrafts, coupled with surging aircraft deliveries, predominantly in Middle East and Asia-Pacific are stimulating the global aviation actuator market outlook.
Based on product landscape, the industry is segmented into hydraulic actuators, pneumatic actuators, mechanical actuators, and electric actuators. The application spectrum of the market comprises of landing & braking systems, fuel management systems, power distribution systems, health monitoring systems, and flight control.
Speaking of the end-user terrain, commercial aviation segment is expected to emerge as a lucrative growth avenue for global aviation actuator market during the analysis timeframe. Rising disposable income, evolving standards of living, increasing commercial passenger traffic, and surging demand for commercial aircrafts are fostering the expansion of the segment.
From a regional point of view, the overall business sphere is fragmented into Asia-Pacific, South America, Middle East & Africa, Europe, and North America. The country-level bifurcation of the industry includes Japan, South Korea, India, China, UAE, Saudi Arabia, Argentina, Brazil, U.S., Canada, Russia, United Kingdom, Italy, France, and Germany.
Prominent organizations that influence the global aviation actuator industry trends include GE Aviation, United Technologies Corporation, Honeywell International Inc., Parker Hannifin Corp., Rockwell Collins, Eaton Corporation plc, Saab AB, Curtiss-Wright Corporation, Woodward Inc., and Moog Inc. among others.