The report provides market analysis of the "Actuator Systems Market in Aviation - Market Analysis (Commercial Aviation And Defense Aviation Landing Gear, Flight Control, Electromechanical, Electrohydraulic, Pneumatic, Hydraulic, Mechanical) - Forecasts 2014 - 2019." The report covers the key market dynamics which is expected to shape the market during the study period. It also discusses about the industry, market, and technology trends that are currently prevailing in the global market.
The global actuators market is estimated to be $2,973.76 million by 2014. The market is expected to register CAGR of 4.6% to reach $3,839.74 million by 2019.
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Actuator being an indispensable part of aircraft, the narrow body actuation systems market is going to increase as narrow body aircraft has more capacity as compared to single aisle aircraft and is preferred more on the heavy congestion routes.For defense, the duty cycles are less and programs should be more robust, electromechanical and electrohydraulic actuator usage will be moreThe delivery of aircrafts from Russia and North America is expected to significantly increase by 2019; these regions have high growth potential for actuation systems.
The actuator system market is in growing phase and there is ample opportunity for market players for creating more advanced actuation systems in order to curb the cost of the aircraft.The move towards more electric systems helps in reducing the weight of the aircraft and therefore, increasing the fuel economy. Fuel constitutes around 30% of the aircraft cost and this is a major driving factor for this market.
Browse 52 market data tables and 36 figures spread through 130 pages and in-depth TOC on “Actuator Systems Market in Aviation ”
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A lot of money is spent on the technology up-gradation of actuator systems. The hydraulic actuators systems have replaced pneumatic actuators in aircraft applications because of its various advantages, to deliver a great deal of power without taking up too much space or weight.
The number of new aircraft manufacturers will help in increasing the actuator market. Actuator is an essential part of an aircraft; it is used for flight control operations, landing gear, and for auxiliary control. It can be split on application basis as 45%, 40%, and 15%, respectively.
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