Report ID: Region: Global | Published Date: July, 2022 | Pages: 165 | Tables: Figures:Anesthesia Devices Market
Report ID: SQSG20R2002 | Region: Global | Published Date: July, 2022 | Pages: 157 | Tables: 131 | Figures: 67
The Global Aircraft Actuator Market was valued at USD XX billion in 2021, and it is expected to reach a value of USD XX billion by 2028, at a CAGR of XX% over the forecast period (2022-2028).
Over the projected time frame, demand for aeroplane actuators is anticipated to increase significantly. During the forecast period, it is anticipated that rising demand for civil aeroplanes due to an increase in global population and quick technological advancements will fuel the worldwide aircraft actuator market. In addition, factors including escalating urbanisation and the quick rise of emerging economies are anticipated to support business expansion. The market demand is anticipated to be driven by technological improvements that are defined by a shift in aircraft trends toward electric propulsion by using electrical actuation systems instead of hydraulic and pneumatic actuators. The electric aircraft, sometimes referred to as More Electric Aircraft (MEA), helps pilots fly more maneuverably and efficiently while also reducing body weight and maximising fuel efficiency.
Commercial aeroplanes employ aircraft actuators extensively in their landing gear, flight controls, position feedback, clutches, load limiters, manual drives, seat actuation, and electromagnetic brakes. By manipulating levers and valves, actuators regulate and limit engine speed and velocity. The flow of a medium is stopped by valves in an emergency, assuring safety. A humidification system valve continuously moistens the fresh air inside an aeronautical body.
Electric actuators are becoming more popular. Future demand for electric actuators is anticipated to rise as a result of technological developments in areas including permanent magnet material, robustness, efficiency, and electromagnetic designs. The power density has grown thanks to these improvements in electric actuators, which also provide superior performance in a variety of applications at a lower cost. In addition, compared to their hydraulic and pneumatic cousins, electric actuators are lighter. The reduced pressure that lowers the flight control system's energy consumption makes electric actuators even more alluring. As a result, mechanical and hydraulic systems were being replaced by electrical systems more and more.
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The Global Aircraft Actuator Market is segmented based on the Motion, Actuator Type, Platform, Installation, and Region. Based on the Motion, the Global Aircraft Actuator Market is segmented as Linear and Rotary. Based on the Actuator Type, the Global Aircraft Actuator Market is segmented as Hydraulic, Pneumatic, Electric, Electromechanical, and Electrohydrostatic. Based on the Platform, the Global Aircraft Actuator Market is segmented as Narrow Body Aircraft (NBA), Wide Body Aircraft (WBA), Extra Wide Body Aircraft (EWBA), Regional Transport Aircraft (RTA), Fighter Jets, Special Mission Aircraft, Trainer Aircraft, Military Transport Aircraft, Business Jets, Helicopters, Unmanned Aircraft, VTOLs and Air Taxis. Based on the Installation, the Global Aircraft Actuator Market is segmented as Power Generation & Distribution Systems, Flight Control Systems, Fuel Management systems, Landing Gear & Braking systems, Passenger Comfort, and Others. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Analysis by Motion
Due to its precision and controllability, the linear actuator market sector was expected to be the largest one. During the forecast period, the linear actuator segment is expected to increase at the quickest rate. The market is expected to expand more quickly due to the increase in demand for electro-mechanical linear actuators, such as ball screw actuators in airplanes. The market's expansion is anticipated to be significantly influenced by the rotary actuator segment. The market for aircraft actuators is expected to expand due to the increased use of servo motors in flight control systems.
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Aviation actuator sales are predicted to be dominated by North America, followed by Europe and Asia-Pacific. Due to the increased adoption of updated safety measures by the major American airlines, including United Airlines, Inc., Delta Airlines, Inc., and American Airlines, Inc., the market in North America is anticipated to expand during the projected period. Manufacturers of airplane actuators in developed nations like the U.S. are investing in the R&D for more electric aircraft, and lightweight actuator technologies are anticipated to drive the market's expansion. During the projection period, Europe is anticipated to have significant market development due to the rising need for actuator technology upgrades for enhanced reliability and efficiency of the aircraft.
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Increased Demand For Commercial Aircraft
Government regulations regarding certification
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The Global Aircraft Actuator market is relatively fragmented, with a high level of competition. Companies are working on new product launches and other initiatives to provide better equipment to their customers and expand their companies globally. These industry leaders are expanding their client base in a variety of ways, and many organizations are forming strategic and creative partnerships with other start-up businesses in order to increase market share and profitability.
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According to our Global Aircraft Actuator Market Analysis, the market is being driven by the increasing use of aircraft actuators in military aircraft as a result of increased defense spending in emerging economies worldwide. Additionally, the booming aviation sector in both developed and emerging nations, fast urbanization, manufacturers' rising propensity to create lightweight aircraft, and other factors play a significant role in the market's expansion.
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Aircraft Actuator Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Aircraft Actuator Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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The global aircraft actuator market is relatively fragmented, with a high level of competition. Companies are working on new product launches and other initiatives to provide better equipment to their customers and expand their companies globally. These industry leaders are expanding their client base in a variety of ways, and many organizations are forming strategic and creative partnerships with other start-up businesses in order to increase market share and profitability.
Electrical actuation systems have replaced traditional hydraulic actuators in a variety of aviation applications as a result of the idea of more electric aircraft (MEA). Airlines are attempting to draw more customers as demand for air travel continues to rise by enhancing passenger comfort.
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