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Aircraft Actuator Market Size to Reach USD 16.98 Billion by 2026; Heavy Investments in the Development of Highly Advanced Actuators will Bode Well for the Market

April 02, 2020 | Aerospace & Defense

The global aircraft actuator market size is projected to reach USD 16.98 billion by the end of 2026. Recent technological advancements have played a huge part in the growth of the market in recent years. According to a report by Fortune Business Insights, titled “Aircraft Actuator Market Size, Share and Global Trend By Motion (Linear, Rotary), By Actuator Type (Hydraulic, Pneumatic, Electric, Electromechanical, Electrohydrostatic), By Platform (Fixed-Wing, Rotary-Wing), By Installation (Power Generation & Distribution System, Flight Control System, Fuel Management System, Landing Gear & Braking System, Passenger Comfort, and others), and Geography Forecast till 2026,” the market was worth USD 14.85 billion in 2018 and will exhibit a CAGR of 3.12% during the forecast period, 2019-2026.


An actuator is a component that is responsible for controlling the movement of any system in which it is used. Similarly, an aircraft actuator is a system that it used in power generators and fuel management systems and performs the same functions as an actuator. The ability of aircraft actuators to control the flow and motion of several systems in an aircraft has led to huge focus on developing products of the highest calibre and efficiency. Recent technological advancements have allowed improved product efficacies. Conventional hydraulic actuators are being replaced by electric systems, which in turn will lead to a wider product adoption across the world. The high investments in the development of electric aircraft actuators will emerge in favour of the growth of the market in the coming years.


Boeing’s $55 Million Contract for Telescope Actuator Will Provide Impetus to market Growth


Due to the recent technological advancements in the structure and operations of actuators, large scale companies are looking to invest for implementing these structures. The report includes a few of the major industry developments of recent times and discusses their impact on the growth of the market. In August 2019, Boeing announced that it has bagged a contract from the United States Air Force (USAF). The company stated that it received a contract worth USD 55 million for the modification of the boom telescope actuator. This system was used in the Boeing KC-46 model. This contract will not only help the company, but will have a huge impact on the growth of the market in the immediate future.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/aircraft-actuator-market-102578


Technological Advancements Have Played a Vital Role in Market Growth


The report encompasses several factors that have contributed to the growth of the global aircraft actuators market in recent years. Furthermore, it also discusses the impact that these factors have made on regional markets across the world. Among all factors that have led to the widespread adoption of aircraft actuators, it has been observed that technological advancements have been a huge influence towards their use. The increasing investment in development of actuators, coupled with the introduction of novel products, has helped companies generate substantial aircraft actuators market revenue in recent years.


Large Scale Companies are Looking to Establish a Strong Product Portfolio


Due to healthy market competition, several companies are looking to establish a strong product portfolio. The increasing investments have helped companies establish a strong presence in the market.  Moreover, these companies are looking to acquire smaller and medium enterprises.


List of the leading companies that are operating in the market include:



  • Eaton Corporation Inc. (the U.S.)

  • Parker Hannifin Corporation (the U.S.)

  • Moog Inc. (the U.S.)

  • Rockwell Collins (the U.S.)

  • Sitec Aerospace GmbH (Germany)

  • TAMAGAWA SEIKI Co.Ltd. (Japan)

  • Woodward Inc. (the U.S.)

  • Honeywell International Inc. (the U.S.)

  • Saab AB (Sweden)

  • Northrop Grumman Corporation (the U.S.)

  • The Boeing Company (the U.S.)

  • Lockheed Martin Corporation (the U.S.)


Global Aircraft Actuator Market Scope














































 ATTRIBUTE



 DETAILS



Study Period



  2015-2026



Base Year



  2018



Forecast Period



  2019-2026



Historical Period



  2015-2017



Unit



  Value (USD billion)



Segmentation



By Motion



  • Linear

  • Rotary



By Actuator Type



  • Hydraulic

  • Pneumatic

  • Electric

  • Electromechanical

  • Electrohydrostatic



By  Platform



  • Fixed-Wing

    • Commercial Aircraft

    • Business Aircraft

    • Military Aircraft

    • General Aviation Aircraft

    • Fixed-Wing UAVs



  • Rotary-Wing

    • Military Helicopter

    • Commercial Helicopter





By Installation



  • Power Generation & Distribution System

  • Flight Control System

  • Fuel Management System

  • Landing Gear & Braking System

  • Passenger Comfort

  • Others



By Geography



  • North America (the U.S. and Canada)

  • Europe (the U.K., Germany, France, Russia, and Rest of Europe)

  • Asia Pacific (Japan, China, India, Australia, Rest of Asia Pacific)

  • Rest of the World (Latin America and the Middle East & Africa)



 

Aircraft Actuator Market
  • PDF
  • 2018
  • 2015-2017
  • 200

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

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