Market Insights and Analysis: Global Aviation Actuator Market Overview and Projections (2022-2027)
The Global Aviation Actuator Market is projected to grow at a CAGR of around 8.5% during the forecast period, i.e., 2022-27. Most of the market expansion would be propelled by the surging air passenger travel owing to the increasing disposable income of people and their improving living standards.
Top leading companies in the Global Aviation Actuator Market includes:
Honeywell International, United Technologies Corporation, Rockwell Collins, Inc., Parker Hannifin Corp., Eaton, Curtiss-Wright Corporation, Saab AB, Moog Inc., Woodward Inc., GE Aviation
Market Dynamics
Key Driver: The Mounting Demand for Electric Actuators and Rising Air Passenger Traffic
The MEA (More Electric Aircraft) technology is a key area of growth for actuator manufacturers since it holds immense potential to reduce aircraft weight, enhance fuel efficiency, minimize operational & maintenance costs, and provide optimized performance. As this trend is accelerating, there are growing requirements for electric actuators, which are more efficient, environmentally friendly, & safer than hydraulic actuators and can eliminate issues associated with conventional systems, such as high costs, leakage, heating, etc. Moreover, with improving living standards and urbanization, air traffic is on a constant rise worldwide, i.e., leading to the growing production of commercial aircraft to cater to the ever-increasing number of air passengers. These aspects are projected to drive the aircraft actuator market during 2022-27.
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Report Segmentation:
The market is categorized into the following segments in the report:
By Application
-Flight Control
-Health Monitoring System
-Power Distribution System
-Fuel Management System
-Landing and Braking System
-Avionics System
By Product Type
-Electric Actuators
-Mechanical Actuators
-Pneumatic Actuators
-Hydraulic Actuators
By Aircraft Type
-Narrow Body Aircraft
-Wide Body Aircraft
-Very Large Aircraft
-Fighter Aircraft
-Transport Aircraft
By End User
-Commercial Aviation
-Defense.
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Global Aviation Actuator Market Geographic Reach:
The Geographic Reach of the Global Aviation Actuator Market evaluates the spread and significance of Global Aviation Actuator market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
· North America: US, Canada, and Others
· South America: Brazil, Argentina, and Others
· Europe: Germany, France, Italy, UK, Russia, and Others
· Middle East & Africa: Saudi Arabia, UAE, and Others
· Asia-Pacific: China, India, Japan, South Korea, and Others.
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