Commercial Aircraft Actuation System Market - Revenue and Comprehensive Research Study till 2025


Posted November 15, 2019 by Savnipandit

The report categorizes the market based on Manufacturers Countries/Region, Types and Application
 
Global Commercial Aircraft Actuation System Market: Information By Type (Hydraulic, Electric and Pneumatic), By Aircraft Type (Narrow Body Aircraft, Wide Body Aircraft, Freighter/Transport Aircraft and others), by Region (North America, Europe, Asia-Pacific, Middle East and Africa and Latin America) - Forecast till 2025

Actuation systems form an integral part of a commercial aircraft, and almost every movable part has an actuator; for example, actuators extend and retract landing gears, monitor and control velocity, control engine speed by adjusting levers and flaps. Different sources of energy such as electricity, hydraulic fluid pressure, or pneumatic pressure, which convert energy into motion, are used to operate the actuation systems.

Air travel in emerging countries is growing, thus increasing the demand for commercial aircraft actuation systems. Moreover, the growing international trade between countries have increased frequencies of planes. Thus, the market is expected to experience a significant growth over the coming years.

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In the recent years, the aircraft actuation system manufacturers have moved toward the developing countries like Mexico, Brazil, India, China, Egypt, Algeria, Libya, and Morocco. It offers an opportunity to third-party companies to partner with OEMs and creates MRO service centers in these areas, as these countries project a significant increase in air travel, in the forthcoming years.

Asia, an emerging region in the long-haul international market, relies heavily on the small and medium wide-body aircraft. It has a current fleet of more than 1,000 wide-body aircraft that will be replaced by approximately 4,000 aircraft by 2035. Similarly, the Middle East has the fastest projected growth in the number of aircraft, with more than 1,700 wide-body aircraft due for delivery in the next 20 years, led by Emirates, Qatar Airways, and Etihad airlines. Due to the increased demand for aircraft in this region, Emirates signed a long-term contract with Parker Aerospace to provide maintenance for the fleets of Boeing B777 and Airbus A330/A340 planes. As a result of the setup of MRO facilities in the countries where air travel is high, the actuation system manufacturers would focus to shift their manufacturing and distribution operations to such regions, which would also ramp up the market.

Segments:

For the convenience of the report and enhanced understanding; the Commercial Aircraft Actuation System market is segmented in to three key dynamics:

Segmentation by Aircraft Type: Narrowbody Aircraft, Widebody Aircraft, and others.

Segmentation by Actuator Type: Hydraulic, Electric and Pneumatic.

Segmentation by Regions: Comprises Geographical regions – North America, Europe, Middle East, and Africa, Asia Pacific, Latin America.

Regional Analysis:

In 2016, North America accounted for the largest share in global commercial aircraft actuation system market. A number of the major actuation system OEMs are present in the region, resulting in a high market share of the region. Moreover, it is expected that approximately 10,000 aircraft would be in service in the region by 2035, which would create an opportunity for the major and prominent companies of the region.

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Concurrently, Asia Pacific is an emerging region in the long-haul international market and it relies heavily on the small and medium wide-body aircraft. As a result, a number of such airlines have been entering into service, recently such as Indigo, Tigerair Singapore, Tigerair Australia, and Air Asia. Over the years, with the increasing incomes, there has been a high demand for air travel in the region, which stimulated larger developments of airplanes. It is expected that by 2035, more than 16,000 aircraft would be delivered in the region. As a result, it is expected that the commercial aircraft actuation system market in Asia-Pacific would grow at a steady pace, during the forecast period.

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Contact Email [email protected]
Issued By Savni
Country India
Categories Aerospace , Defense
Tags Commercial Aircraft Actuation System Market , Commercial Aircraft Actuation System , Commercial Aircraft Actuation System Market Size , Commercial Aircraft Actuation System Market Share , Aircraft Actuation System Market
Last Updated November 15, 2019