The report “North America Commercial Aviation Actuator System Market by Aircraft Type (NBA, WBA, VLA, RTA), by Application (PFC, SFC, High Lift, Thrust Reverser, Landing Gear, Utility), by Technology, by Geography - Trends & Forecasts till 2019”, defines and segments the North America Commercial Aviation Actuator System Market and forecasts the market size, by value and volume.the North American commercial aviation actuator system market is estimated to grow to $1,691.5 million by 2019, at a CAGR of 4.16% during the forecast period of 2014 to 2019.
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The North American commercial aviation actuator market has been broadly classified on the basis of aircraft type, technology, application, and geography in this report. The major aircraft types include narrow body aircraft, wide body aircraft, very large aircraft, and regional transport aircraft.
The actuator systems in the narrow body aircraft market is expected to be the fastest-growing segment in the North American commercial aviation actuator market, projected to grow at the fastest CAGR of 5.2% from 2014 to 2019. Factors such as rise in aircraft deliveries, increasing passenger traffic, and technological advancements are further driving the market at a significant pace.
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Air travel continues to remain a large and growing industry. Aircraft manufacturers are increasing their production capacity, along with innovations in aircraft, which are aimed to be more fuel efficient.Travel for both business and leisure is growing strongly worldwide.An increase in orders for the existing new aircraft models are expected in the market during the forecast period.The global commercial aviation actuator market is expected to grow at a CAGR of 5.5% from 2014 to 2019.
Rising fuel prices is one of the major challenges that airlines are currently trying to tackle. Thus, aircraft manufacturers are trying to innovate and develop more advanced actuation systems.Intense research & development in the area of actuation technology has been witnessed in the recent years.
Key players in the North America Commercial Aviation Actuator System Market are -
- Rockwell Collins (U.S.)
- Honeywell (U.S.)
- General Electric (U.S.)
- Moog Inc. (U.S.)
- Eaton Corporation (U.S.)
- UTC (U.S.)
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