According to the new market research report "Aircraft Actuator Market by Component (Electronic, Electrical,
& Mechanical), Application (Power Generation, Power Distribution, Flight
Control, Landing & Braking, Fuel, Avionics, & Health Monitoring),
Aircraft Type and Geography - Global Forecast to 2022", the market is estimated to reach USD 20.13
Billion by 2022, at a CAGR of 9.5% between 2016 and 2022. The growing trend of
more electric aircraft and increasing demand for commercial aircraft, globally,
are the major drivers for the aircraft actuator market.
Health monitoring systems application expected
to grow at the highest CAGR between 2016 and 2022
The market for health monitoring systems is
expected to grow at the highest CAGR during the forecast period. The demand to
increase aircraft availability and lower the costs by reducing unscheduled
maintenance, aircraft downtime, and delays has boosted the demand for health
monitoring systems which monitor various airplane systems and parts to
effectively assess actual damages in real-time.
Generators expected to hold the largest market
share and witness rapid growth during the forecast period
Among all the electrical and mechanical
components types, generators accounted for the largest market share in 2015;
this market is estimated to grow at the highest CAGR between 2016 and 2022.
With the increasing requirement of electricity generation in the
next-generation electric aircraft, the requirement of generators would also
increase substantially during the forecast period.
Narrow body aircraft expected to lead the
market for aircraft types
Narrow body aircraft had the largest market by
aircraft type. The rapid growth in the aviation sector in emerging economies
has created a huge market for low-cost aviation carriers and narrow body
aircraft are widely preferred for domestic as well as international routes.
Major players in the aircraft actuator market
are Honeywell Aerospace, Inc. (U.S.), Rockwell Collins, Inc. (U.S.), Safran SA
(France), UTC Aerospace Systems (U.S.), Woodward, Inc. (U.S.), Microsemi
Corporation (U.S.), Infineon Technologies AG (Germany), and Vishay
Intertechnology, Inc. (U.S.) among others.
This research report categorizes the global
aircraft actuator market based on component, aircraft type, and application.
This report describes the drivers, restraints, opportunities, and challenges
for the growth of the aircraft actuator market. The Porter’s five forces
analysis has been included in the report with a description of each of its
forces and their respective impact on the aircraft actuator market.
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