Introduction
The global aircraft actuation system market is forecast to grow at a CAGR of 5.2% from 2022 to 2029. The market was valued at USD 6.1 billion in 2020 and is expected to reach USD 8.4 billion by 2029. The increasing demand for air travel and the growing commercial aviation industry are the major drivers for the growth of the aircraft actuation system market. The report provides an in-depth analysis of the global aircraft actuation system market with a focus on key regions such as North America, Europe, Asia-Pacific, and the Middle East & Africa. The report covers the market dynamics such as drivers, restraints, and opportunities that are impacting the growth of the aircraft actuation system market. It also includes a detailed competitive landscape with company profiles of key players operating in the market.
Market Overview
The global aircraft actuation system market is expected to grow at a CAGR of around 6% during the forecast period.
The market is driven by the increasing air traffic and the need for fuel efficiency. The aircraft require less maintenance with the help of these systems which results in operational efficiency and cost-effectiveness. Moreover, the growth of low-cost carriers is also propelling market demand.
The North American region is projected to hold the largest share of the global market due to the presence of major players in this region. The Asia-Pacific region is expected to be the fastest-growing market owing to the increasing air traffic in this region.
Covid-19 Impact on Aircraft Actuation System Market:
As the COVID-19 pandemic continues its effect around the world, many defense and aerospace companies are facing its impact during this time around the world. For instance, commercial aviation companies in the U.S., France, Germany, and Canada are facing disruption in the production process and reduced demand as workforces stay at home, passengers stop traveling, and delay in the delivery of new aircraft. Analysts expect a drop from 3,000 to 4,000 aircraft during the pandemic period. On the defense side, contractors operating in the sector are in a better position, hence the impact of the pandemic is likely low in the short to mid-term. However, low demand due to budget constraints affects production as in aircraft manufacturing.
Report Includes
An overview of the global Aircraft Actuation System market, and related technologies and developments. Analyses of global market trends, with historical data from 2018, 2019, and 2020 estimates and projections of CAGRs through 2029. It also includes breakdowns of the overall Aircraft Actuation System market along with various segments, and by geographic region. Analysis of the stakeholder value chain in the Aircraft Actuation System market and comprehensive profiles of leading companies in the industry
Report Scope
The report forecasts the size of the Aircraft Actuation System market for components from 2022 through 2029
The Executive Summary provides a snapshot of the key findings of the report. The introduction chapter includes the research scope, market segmentation, research methodology, and definitions and assumptions. It involves extremely rigorous scientific methods, tools and techniques to estimate the market size. Exhaustive secondary research is being carried out to collect information related to the market, the parent market, and the peer market. Primary research is undertaken to validate the assumptions, findings, and sizing with industry experts and professionals across the value chain of the market. Both top-down and bottom-up approaches are employed to estimate the complete market size.
The chapter on market dynamics includes market drivers, restraints, and opportunities which helps familiarise with market potential and upcoming opportunities. The chapter on key insights includes emerging trends from major countries, the latest technological advancement, regulatory landscape, SWOT analysis, and Porter's five forces analysis. This chapter provides detailed insights into the market, which derives the market trends, changing phase of investments, and scope of profit potential, and helps to take appropriate business decisions. The chapter on competitive analysis includes profiling leading companies in the global market to map the leading companies and their focus of interest in the market.
After deriving the market size from the market size estimation process, the total market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments, data triangulation and market breakdown procedures is being used. The data triangulation is carried out by studying various factors and trends from demand and supply perspectives.
Segmentation Analysis:
The global aircraft actuation system market is divided into three primary segments: flight control systems, landing gear systems, and engine control systems. Each of these segments is further divided into sub-segments based on the type of component used.
Flight Control Systems:
Aircraft flight control systems are responsible for controlling the movement of the aircraft in relation to its surroundings. They make use of a variety of sensors and actuators to monitor and adjust the position of the aircraft in order to maintain safe and efficient operation. The primary types of components used in aircraft flight control systems are hydraulic cylinders, electric motors, and pneumatic valves.
Landing Gear Systems:
Aircraft landing gear systems are responsible for ensuring a safe and smooth landing for the aircraft. They make use of a variety of components to absorb shock and minimize wear on the landing gear itself. The primary types of components used in aircraft landing gear systems are shock absorbers, brakes, wheels, and tires.
Engine Control Systems:
Aircraft engine control systems are responsible for monitoring and adjusting the operation of the aircraft engines in order to maintain safe and efficient operation. They make use of a variety of sensors and actuators to monitor engine performance and make adjustments as needed. The primary types of components used in aircraft engine control systems are fuel injectors, ignition coils, spark plugs, turbochargers, and fuel pumps..
Flight Control Systems:
Aircraft flight control systems are responsible for controlling the movement of the aircraft in relation to its surroundings. They make use of a variety of sensors and actuators to monitor and adjust the position of the aircraft in order to maintain safe and efficient operation. The primary types of components used in aircraft flight control systems are hydraulic cylinders, electric motors, and pneumatic valves.
Landing Gear Systems:
Aircraft landing gear systems are responsible for ensuring a safe and smooth landing for the aircraft. They make use of a variety of components to absorb shock and minimize wear on the landing gear itself. The primary types of components used in aircraft landing gear systems are shock absorbers, brakes, wheels, and tires.
Engine Control Systems:
Aircraft engine control systems are responsible for monitoring and adjusting the operation of the aircraft engines in order to maintain safe and efficient operation. They make use of a variety of sensors and actuators to monitor engine performance and make adjustments as needed. The primary types of components used in aircraft engine control systems are fuel injectors, ignition coils, spark plugs, turbochargers, and fuel pumps.
The global aircraft actuation system market is segmented into three major end users, which are OEMs, MROs, and airlines.
OEMs:
Original equipment manufacturers (OEMs) are the leading end users of aircraft actuation systems. They install these systems during the manufacturing process of an aircraft. The leading OEMs that use aircraft actuation systems are Airbus, Boeing, Bombardier, Embraer, and Lockheed Martin.
MROs:
Maintenance, repair, and overhaul (MRO) providers are the second largest end users of aircraft actuation systems. They use these systems to perform repairs and maintenance on existing aircraft. The leading MRO providers that use aircraft actuation systems are AAR Corp., Lufthansa Technik AG, and ST Aerospace.
Airlines:
Airlines are the third largest end users of aircraft actuation systems. They use these systems to operate their fleet of aircraft. The leading airlines that use aircraft actuation systems are American Airlines, Delta Air Lines, United Airlines, and Virgin Atlantic Airways.
Global Aircraft Actuation System market Competitive Analysis:
Key players in the Global Aircraft Actuation System market are Honeywell International Inc.,Moog Inc.,Parker Hannifin Corporation,Safran SA,United Technologies Corporation (UTC) Aerospace Systems (Now part of Raytheon Technologies),Woodward, Inc.,Collins Aerospace (A division of Raytheon Technologies),Triumph Group, Inc.,BAE Systems PLC,Rockwell Collins (Now part of Collins Aerospace) and among other players.
*All our reports are customizable as per customer requirements
This study forecasts revenue and volume growth at global, regional, and country levels from 2016 to 2027. The Global Aircraft Actuation System market is distributed on the basis of the below-mentioned segments:
Global Aircraft Actuation System market, By types:
Hydraulic Actuators
Electric Actuators
Pneumatic Actuator
Global Aircraft Actuation System market, By applications:
Fighter Aircraft
Military Utility Aircraft
Unmanned Military Aircraft
Control Aircraft
Others
Global Aircraft Actuation System market, By Region:
The global aircraft actuation system market is forecast to grow at a CAGR of 5.2% from 2022 to 2029. The market was valued at USD 6.1 billion in 2020 and is expected to reach USD 8.4 billion by 2029. The increasing demand for air travel and the growing commercial aviation industry are the major drivers for the growth of the aircraft actuation system market. The report provides an in-depth analysis of the global aircraft actuation system market with a focus on key regions such as North America, Europe, Asia-Pacific, and the Middle East & Africa. The report covers the market dynamics such as drivers, restraints, and opportunities that are impacting the growth of the aircraft actuation system market. It also includes a detailed competitive landscape with company profiles of key players operating in the market.
Market Overview
The global aircraft actuation system market is expected to grow at a CAGR of around 6% during the forecast period.
The market is driven by the increasing air traffic and the need for fuel efficiency. The aircraft require less maintenance with the help of these systems which results in operational efficiency and cost-effectiveness. Moreover, the growth of low-cost carriers is also propelling market demand.
The North American region is projected to hold the largest share of the global market due to the presence of major players in this region. The Asia-Pacific region is expected to be the fastest-growing market owing to the increasing air traffic in this region.
Covid-19 Impact on Aircraft Actuation System Market:
As the COVID-19 pandemic continues its effect around the world, many defense and aerospace companies are facing its impact during this time around the world. For instance, commercial aviation companies in the U.S., France, Germany, and Canada are facing disruption in the production process and reduced demand as workforces stay at home, passengers stop traveling, and delay in the delivery of new aircraft. Analysts expect a drop from 3,000 to 4,000 aircraft during the pandemic period. On the defense side, contractors operating in the sector are in a better position, hence the impact of the pandemic is likely low in the short to mid-term. However, low demand due to budget constraints affects production as in aircraft manufacturing.
Report Includes
An overview of the global Aircraft Actuation System market, and related technologies and developments. Analyses of global market trends, with historical data from 2018, 2019, and 2020 estimates and projections of CAGRs through 2029. It also includes breakdowns of the overall Aircraft Actuation System market along with various segments, and by geographic region. Analysis of the stakeholder value chain in the Aircraft Actuation System market and comprehensive profiles of leading companies in the industry
Report Scope
The report forecasts the size of the Aircraft Actuation System market for components from 2022 through 2029
The Executive Summary provides a snapshot of the key findings of the report. The introduction chapter includes the research scope, market segmentation, research methodology, and definitions and assumptions. It involves extremely rigorous scientific methods, tools and techniques to estimate the market size. Exhaustive secondary research is being carried out to collect information related to the market, the parent market, and the peer market. Primary research is undertaken to validate the assumptions, findings, and sizing with industry experts and professionals across the value chain of the market. Both top-down and bottom-up approaches are employed to estimate the complete market size.
The chapter on market dynamics includes market drivers, restraints, and opportunities which helps familiarise with market potential and upcoming opportunities. The chapter on key insights includes emerging trends from major countries, the latest technological advancement, regulatory landscape, SWOT analysis, and Porter's five forces analysis. This chapter provides detailed insights into the market, which derives the market trends, changing phase of investments, and scope of profit potential, and helps to take appropriate business decisions. The chapter on competitive analysis includes profiling leading companies in the global market to map the leading companies and their focus of interest in the market.
After deriving the market size from the market size estimation process, the total market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments, data triangulation and market breakdown procedures is being used. The data triangulation is carried out by studying various factors and trends from demand and supply perspectives.
Segmentation Analysis:
The global aircraft actuation system market is divided into three primary segments: flight control systems, landing gear systems, and engine control systems. Each of these segments is further divided into sub-segments based on the type of component used.
Flight Control Systems:
Aircraft flight control systems are responsible for controlling the movement of the aircraft in relation to its surroundings. They make use of a variety of sensors and actuators to monitor and adjust the position of the aircraft in order to maintain safe and efficient operation. The primary types of components used in aircraft flight control systems are hydraulic cylinders, electric motors, and pneumatic valves.
Landing Gear Systems:
Aircraft landing gear systems are responsible for ensuring a safe and smooth landing for the aircraft. They make use of a variety of components to absorb shock and minimize wear on the landing gear itself. The primary types of components used in aircraft landing gear systems are shock absorbers, brakes, wheels, and tires.
Engine Control Systems:
Aircraft engine control systems are responsible for monitoring and adjusting the operation of the aircraft engines in order to maintain safe and efficient operation. They make use of a variety of sensors and actuators to monitor engine performance and make adjustments as needed. The primary types of components used in aircraft engine control systems are fuel injectors, ignition coils, spark plugs, turbochargers, and fuel pumps..
Flight Control Systems:
Aircraft flight control systems are responsible for controlling the movement of the aircraft in relation to its surroundings. They make use of a variety of sensors and actuators to monitor and adjust the position of the aircraft in order to maintain safe and efficient operation. The primary types of components used in aircraft flight control systems are hydraulic cylinders, electric motors, and pneumatic valves.
Landing Gear Systems:
Aircraft landing gear systems are responsible for ensuring a safe and smooth landing for the aircraft. They make use of a variety of components to absorb shock and minimize wear on the landing gear itself. The primary types of components used in aircraft landing gear systems are shock absorbers, brakes, wheels, and tires.
Engine Control Systems:
Aircraft engine control systems are responsible for monitoring and adjusting the operation of the aircraft engines in order to maintain safe and efficient operation. They make use of a variety of sensors and actuators to monitor engine performance and make adjustments as needed. The primary types of components used in aircraft engine control systems are fuel injectors, ignition coils, spark plugs, turbochargers, and fuel pumps.
The global aircraft actuation system market is segmented into three major end users, which are OEMs, MROs, and airlines.
OEMs:
Original equipment manufacturers (OEMs) are the leading end users of aircraft actuation systems. They install these systems during the manufacturing process of an aircraft. The leading OEMs that use aircraft actuation systems are Airbus, Boeing, Bombardier, Embraer, and Lockheed Martin.
MROs:
Maintenance, repair, and overhaul (MRO) providers are the second largest end users of aircraft actuation systems. They use these systems to perform repairs and maintenance on existing aircraft. The leading MRO providers that use aircraft actuation systems are AAR Corp., Lufthansa Technik AG, and ST Aerospace.
Airlines:
Airlines are the third largest end users of aircraft actuation systems. They use these systems to operate their fleet of aircraft. The leading airlines that use aircraft actuation systems are American Airlines, Delta Air Lines, United Airlines, and Virgin Atlantic Airways.
Global Aircraft Actuation System market Competitive Analysis:
Key players in the Global Aircraft Actuation System market are Honeywell International Inc.,Moog Inc.,Parker Hannifin Corporation,Safran SA,United Technologies Corporation (UTC) Aerospace Systems (Now part of Raytheon Technologies),Woodward, Inc.,Collins Aerospace (A division of Raytheon Technologies),Triumph Group, Inc.,BAE Systems PLC,Rockwell Collins (Now part of Collins Aerospace) and among other players.
*All our reports are customizable as per customer requirements
This study forecasts revenue and volume growth at global, regional, and country levels from 2016 to 2027. The Global Aircraft Actuation System market is distributed on the basis of the below-mentioned segments:
Global Aircraft Actuation System market, By types:
Hydraulic Actuators
Electric Actuators
Pneumatic Actuator
Global Aircraft Actuation System market, By applications:
Fighter Aircraft
Military Utility Aircraft
Unmanned Military Aircraft
Control Aircraft
Others
Global Aircraft Actuation System market, By Region:
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- GCC
- South Africa
- Rest of Middle East and Africa
Aircraft Actuation System MARKET STUDY GLOBAL MARKET ANALYSIS, INSIGHTS AND FORECAST, 2020-2027
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Aircraft Actuation System Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Segment 1
- 5.2.1. Sub-Segment 1
- 5.2.2. Sub-Segment 2
- 5.3. Market Analysis, Insights and Forecast – By Segment 2
- 5.3.1. Sub-Segment 1
- 5.3.2. Sub-Segment 2
- 5.3.3. Sub-Segment 3
- 5.3.4. Others
- 5.4. Market Analysis, Insights and Forecast – By Segment 3
- 5.4.1. Sub-Segment 1
- 5.4.2. Sub-Segment 2
- 5.4.3. Sub-Segment 3
- 5.4.4. Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Latin America
- 5.5.3. Europe
- 5.5.4. Asia Pacific
- 5.5.5. Middle East and Africa
6. North America Aircraft Actuation System Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Segment 1
- 6.2.1. Sub-Segment 1
- 6.2.2. Sub-Segment 2
- 6.3. Market Analysis, Insights and Forecast – By Segment 2
- 6.3.1. Sub-Segment 1
- 6.3.2. Sub-Segment 2
- 6.3.3. Sub-Segment 3
- 6.3.4. Others
- 6.4. Market Analysis, Insights and Forecast – By Segment 3
- 6.4.1. Sub-Segment 1
- 6.4.2. Sub-Segment 2
- 6.4.3. Sub-Segment 3
- 6.4.4. Others
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Latin America Aircraft Actuation System Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Segment 1
- 7.2.1. Sub-Segment 1
- 7.2.2. Sub-Segment 2
- 7.3. Market Analysis, Insights and Forecast – By Segment 2
- 7.3.1. Sub-Segment 1
- 7.3.2. Sub-Segment 2
- 7.3.3. Sub-Segment 3
- 7.3.4. Others
- 7.4. Market Analysis, Insights and Forecast – By Segment 3
- 7.4.1. Sub-Segment 1
- 7.4.2. Sub-Segment 2
- 7.4.3. Sub-Segment 3
- 7.4.4. Others
- 7.5. Insights and Forecast – By Country
- 7.5.1. Brazil
- 7.5.2. Mexico
- 7.5.3. Rest of Latin America
8. Europe Aircraft Actuation System Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Segment 1
- 8.2.1. Sub-Segment 1
- 8.2.2. Sub-Segment 2
- 8.3. Market Analysis, Insights and Forecast – By Segment 2
- 8.3.1. Sub-Segment 1
- 8.3.2. Sub-Segment 2
- 8.3.3. Sub-Segment 3
- 8.3.4. Others
- 8.4. Market Analysis, Insights and Forecast – By Segment 3
- 8.4.1. Sub-Segment 1
- 8.4.2. Sub-Segment 2
- 8.4.3. Sub-Segment 3
- 8.4.4. Others
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. UK
- 8.5.2. Germany
- 8.5.3. France
- 8.5.4. Italy
- 8.5.5. Spain
- 8.5.6. Russia
- 8.5.7. Rest of Europe
9. Asia Pacific Aircraft Actuation System Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Segment 1
- 9.2.1. Sub-Segment 1
- 9.2.2. Sub-Segment 2
- 9.3. Market Analysis, Insights and Forecast – By Segment 2
- 9.3.1. Sub-Segment 1
- 9.3.2. Sub-Segment 2
- 9.3.3. Sub-Segment 3
- 9.3.4. Others
- 9.4. Market Analysis, Insights and Forecast – By Segment 3
- 9.4.1. Sub-Segment 1
- 9.4.2. Sub-Segment 2
- 9.4.3. Sub-Segment 3
- 9.4.4. Others
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. China
- 9.5.2. India
- 9.5.3. Japan
- 9.5.4. Australia
- 9.5.5. South East Asia
- 9.5.6. Rest of Asia Pacific
10. Middle East & Africa Aircraft Actuation System Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Segment 1
- 10.2.1. Sub-Segment 1
- 10.2.2. Sub-Segment 2
- 10.3. Market Analysis, Insights and Forecast – By Segment 2
- 10.3.1. Sub-Segment 1
- 10.3.2. Sub-Segment 2
- 10.3.3. Sub-Segment 3
- 10.3.4. Others
- 10.4. Market Analysis, Insights and Forecast – By Segment 3
- 10.4.1. Sub-Segment 1
- 10.4.2. Sub-Segment 2
- 10.4.3. Sub-Segment 3
- 10.4.4. Others
- 10.5. Market Analysis, Insights and Forecast – By Country
- 10.5.1. GCC
- 10.5.2. South Africa
- 10.5.3. Rest of Middle East & Africa
11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2018
- 11.2. Key Industry Developments
- 11.3. Company Profile
- 11.3.1. Company 1
- 11.3.1.1. Business Overview
- 11.3.1.2. Segment 1 & Service Offering
- 11.3.1.3. Overall Revenue
- 11.3.1.4. Geographic Presence
- 11.3.1.5. Recent Development
- 11.3.2. Company 2
- 11.3.3. Company 3
- 11.3.4. Company 4
- 11.3.5. Company 5
- 11.3.6. Company 6
- 11.3.7. Company 7
- 11.3.8. Company 8
- 11.3.9. Company 9
- 11.3.10. Company 10
- 11.3.11. Company 11
- 11.3.12. Company 12
- 11.3.1. Company 1
Research Process
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
