Aircraft Actuation System Market - Industry Value, Market Size, Top Companies and Growth Forecast To 2023


Posted June 4, 2019 by Savnipandit

The report categorizes the market based on Manufacturers Countries/Region, Types and Application
 
Segmentation:

By Type

Electric
Hydraulic
Pneumatic
Mechanical

By Aircraft Type

Narrow Body
Wide Body
Others

By Region

Asia Pacific
North America
Europe
Rest of World
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The global commercial aircraft actuation systems market is expected to grow approximately at 5.1% CAGR during the period 2017 to 2023.

Market Research Analysis:

The global commercial aircraft actuation systems market has been analyzed based on the three segments, namely type, aircraft type and regions.

On the basis of type, the global commercial aircraft actuation systems market is segmented as electric, hydraulic, pneumatic and mechanical. The hydraulic actuation systems are expected to dominate the market with largest share. The growth of the segment can be attributed to increasing demand in operating wheel brakes, land gear, and speed propellers. On the other hand, there is a shifting trend towards electric actuators. Thus, advancements in electric actuators recently is expected to significantly boost the growth of the segment during the forecast period.

Based on aircraft type, the market is bifurcated as narrow body, wide body and others. The narrow body segment is expected to witness exponential growth in North America due to rise in aircraft sales, technological advancement, and increasing passenger traffic.

Automation enhances flight operational safety and efficiency, which is especially critical for commercial airlines. It aims to cut down operating costs for greater profits. In 2014, a survey of airline pilots was conducted, which reported that the pilots operating the Boeing 777 military transport spent just seven minutes manually piloting their aircraft during a flight, whereas only half the time was required for those operating Airbus planes.

Tremendous progress in the aviation industry with the development of the More Electric Aircraft (MEA), such as the Boeing 787 Dreamliner, Airbus A380, and Lockheed F35 airplanes was seen in last 15 years. In these aircraft, the pneumatic or hydraulic actuation systems have been replaced by the electric actuators, which make the aircraft lighter in weight and reduce fuel consumption. In addition, Airbus plans to develop 100 passenger electric aircraft during the forecast period. Therefore, thermal challenges of MEA can hinder the market growth.

Scope of the Report:

This study provides an overview of the global commercial aircraft actuation systems market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for Asia-Pacific, North America, Europe and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global commercial aircraft actuation systems market by its type, by aircraft type and region.

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Key Players:

1. Honeywell

2. Moog

3. Parker Aerospace

4. UTC Aerospace Systems

5. Eaton

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Issued By Savni
Country India
Categories Aerospace , Business , Technology
Tags commercial aircraft actuation system market , commercial aircraft actuation system market share , commercial aircraft actuation system market size
Last Updated June 4, 2019