Aircraft Actuation System Market – Global Demand, Size, Trends, Share, Growth, Analysis and Opportunities Research by Forecast 2023

Aircraft Actuation System Market - Global Demand, Size, Trends, Share, Growth, Analysis and Opportunities Research by Forecast 2023

“Aircraft Actuation System Market”
Global Commercial Aircraft Actuation System Market, By Type (Hydraulic, Electric and Pneumatic), By Aircraft Type (Narrow Body Aircraft, Wide Body Aircraft and Others) and Region – Forecast 2017-2023.

The global commercial aircraft actuation system market is expected to exhibit a solid 5.05% CAGR over the forecast period from 2017 to 2023 due to the growing demand for autopilot systems in commercial aircraft. The growing demand for automation in aircraft operation is likely to drive rapid growth in the global commercial aircraft actuation system market over the forecast period. This information comes from a new research report released by Market Research Future (MRFR), which details the major factors affecting the movement of the global commercial aircraft actuation system market and provides clear information on the market’s leading regional entities and key players.

According to MRFR, the global commercial aircraft actuation system market is expected to rise to a valuation of USD 874.4 million by 2023.

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The growing government support to the installation of autopilot systems in commercial aircraft is likely to be a key driver for the global commercial aircraft actuation system market over the forecast period. Actuation systems are integral in transferring the input provided by the pilot or the autopilot system into actual motion of the various parts of the aircraft. This makes actuation systems absolutely vital in aircraft construction. This is likely to drive the demand from the global commercial aircraft actuation systems market over the forecast period.

Competitive Analysis:

Leading players in the global commercial aircraft actuator system market include Triumph Group Inc., Woodward Inc., Saab AB, Curtiss Wright, Moog, Liebherr, Eaton Corporation PLC, UTC Aerospace Systems, Parker Aerospace, and Honeywell.

Industry Updates:

In March 2019, decided to ground its 371-strong fleet of 737 Max aircrafts following two crashes within six months being caused by the aircraft’s autopilot system overriding manual controls and taking a fatal course. The Federal Aviation Administration made the decision to temporarily ban the aircraft after receiving evidence about the role played by the aircraft’s actuation system in the two crashes. Such events are likely to add a further layer of regulatory scrutiny to the global commercial aircraft actuation system market over the forecast period, as the adoption of automated piloting systems in commercial aircrafts is likely to continue unabated over the forecast period.

Segmentation:

The global commercial aircraft actuation system market is segmented on the basis of type, aircraft type, and region.

By type, the global commercial aircraft actuation system market is segmented into hydraulic, electric, and pneumatic. Hydraulic actuation systems have been the norm in the aircraft industry for a number of years and are thus expected to dominate the global commercial aircraft actuation system market over the forecast period. Mechanical components of an airplane such as the landing gear almost always use hydraulic actuation systems. However, the demand for electric actuation systems is likely to grow over the forecast period, as they provide lower maintenance requirements and higher performance efficiency.

By aircraft type, the global commercial aircraft actuation system market is segmented into narrow-body aircraft, wide-body aircraft, and others. The segment of narrow-body aircraft is likely to dominate the global commercial aircraft actuation system market over the forecast period, due to the simple reason that there are more narrow-body aircraft in operation in the commercial airliner industry than wide-body aircraft.

Regional Analysis:

North America is likely to dominate the global commercial aircraft actuation system market over the forecast period, followed by Europe, due to the growing demand for advanced actuation systems in the aerospace sector in North America. North America is home to several leading aviation industry manufacturers as well as leading digital pioneers, leading to rapid growth of the commercial aircraft actuation system market over the forecast period. The growing support to the adoption of autopilot systems in the aviation sector in North America could also bode well for the commercial aircraft actuation system market in the region over the forecast period.

Asia Pacific is also likely to exhibit steady growth in the global commercial aircraft actuation system market over the forecast period due to the growing aviation industry in developing economies such as India and China.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. 

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