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    Actuator Systems Market is estimated to reach USD 1090.9 Million by 2021 | Research Cosmos

     



    (Aviation-NewsWire.Com, March 17, 2018 ) The aviation actuator systems market is projected to grow from USD 822.3 Million in 2016 to USD 1090.9 Million by 2021, growing at a CAGR of 5.82% between 2016 and 2021. Factors influencing the growth of aviation actuator systems market include increasing aircraft orders along with the increasing passenger traffic across the globe. The number of aircraft has increased due to rise in air traffic. The aviation actuator systems market is highly dependent on the number of aircraft manufactured and its ability to minimize limitations of weight, high maintenance requirements, and vulnerability of security risks. This has further resulted in procurement of power-efficient and low weight actuators.

    Browse Market Data Tables and In-Depth TOC of the Actuator Systems Market to 2021 @ https://www.researchcosmos.com/reports/global-actuator-systems-market-analysis-and-forecast-to-2021-growth-opportunity-assessme/9974937

    In this report, the aviation actuator systems market has been categorized into five key segments, namely, by product type, by application, by aircraft type, by end user, and by region. The product type segment has been further categorized into electric, electromechanical, electrohydraulic, and electrohydrostatic. Under the product type segment covered in the report, the aviation actuator systems market is dominated by the electrohydraulic subsegment while electrohydrostatic subsegment is expected to grow at the highest CAGR during the forecast period. This high growth if electrohydroststic actuators segment can be attributed to their characteristics which include energy savings, low investment costs, high power density and power capacity, fail-safe functionality, and easy integration into existing infrastructure.

    The application segment includes flight control, landing gear, and auxiliary control. The flight control subsegment is estimated to capture the largest market share in the aviation actuator systems market owing to the use of large number of actuators in this application.

    The aircraft type segment includes narrow body aircraft, wide body aircraft, very large aircraft, transport aircraft, and fighter aircraft. Wide body aircraft segment is projected to grow at the highest CAGR during the forecast period. The demand for wide body aircraft is increasing globally due to its efficiency, rise in passenger traffic, and increased connectivity between important geographical locations of developing regions and developed regions.

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    On the basis of end user, the aviation actuator market is segmented into commercial aviation and defense. Commercial aviation segment is expected to grow at the highest CAGR during the forecast period. Increasing orders for commercial aircraft from developing regions have led to the increased demand for commercial aircraft, which, in turn, has generated demand for aviation actuator systems in the commercial aviation segment.

    On the basis of region, the market has been classified into North America, Europe, Asia-Pacific, and RoW (Rest of the World). North America is the most dominant region in the aviation actuator systems market, as of 2016, followed by Europe. The aviation actuator systems market in North America is also projected to grow at the highest CAGR during the forecast period. Factors driving the growth of aviation actuator systems market include low oil prices, expansionary fiscal & monetary policy, deleveraging private sector, and steady labor market. North America is the leading manufacturer of fighter and military transport aircraft.

    Factors, such as existing backlogs in aircraft deliveries, power consumption issues in electric actuators, and leakage issues in hydraulic actuators are restraining the growth of aviation actuator systems market.

    Inquire before buying @ https://www.researchcosmos.com/inquire/9974937

    Key players operating in the aviation actuator systems market are United Technologies Corporation (U.S.), Parker Hannifin Corp. (U.S.), Eaton (Ireland), Honeywell International, Inc. (U.S.), and Rockwell Collins (U.S.), and Moog Inc. (U.S.). Partnerships, collaborations, agreements, and contracts are the major growth strategies adopted by the players to strengthen their position and enhance their product offerings.

    About Us:
    Research Cosmos is an aggregator of syndicated and bespoke market research, business intelligence and consulting services on gamut of sectors across the globe. We’re associated with world renowned publishers who when combined, serve hundreds of fortune listed companies and publish wide range of insightful reports which cover nook and corner of every industry vertical.

    Research Cosmos

    Dani Rodriguez

    +1 888 709 8757

    dani@researchcosmos.com

    Source: EmailWire.Com

    Source: EmailWire.com

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