Actuators and Electronic Components Market in Commercial Aviation Worth $14.51 Billion by 2020

Actuators market is experiencing an increase in the demand from the aviation industry. Aircraft industry is witnessing major transformations in the technology and advancements in the aircraft models; this has given rise to technological improvements in the actuators systems used in aircrafts. Electric aircrafts are the future of the aviation industry; more number of electric aircrafts will be adopted in the coming years. Electrical systems used in such aircrafts are relatively safer, require low maintenance, and are simple for reconfiguration. Electrical actuation solutions are now replacing hydraulic actuation systems. Problems associated with controlling, cost, heating, fluid, and contamination are being improved in the electrical actuation solutions.

According to the new market research report "Actuator & Electronic Components Market in Commercial Aviation, by Systems (Mechanical, Electrical,& Digital Electronics), Vertical (Narrow Body, Wide Body, Very Large,& Regional Transport Aircraft) and Geography - Global Trends & Forecasts to 2013 - 2020", published by MarketsandMarkets, Actuators & Electronics Components Market in the Commercial Aviation will be worth $14.51 Billion by 2020 at an estimated CAGR of 5.90%.

Browse 68 market data Tables and 53 Figures spread through 227 Pages and in-depth TOC on "Actuator & Electronic Components Market in Commercial Aviation".

Early buyers will receive 10% customization on this report. 

Actuators are components used to set a system in the motion and control its mechanism. The convert energy into motion, such energy is taken from pneumatic or hydraulic fluid pressure or by electric current. They are categorized as electrical, hydraulic, pneumatic, and mechanical. They are widely used in electromagnetic brakes, landing gears, seat actuation, manual drives, load limiters, clutches, and position feedback for commercial aircrafts.

The report contains detailed market segmentations, combined with the qualitative analysis of each and every aspect of the classification on the basis of technology, products, components, application verticals, sub-sectors, and geography. All the numbers, both revenue and volume, are forecasted till 2020. The report deals with all the driving forces, restraints, and opportunities with respect to the actuation technologies and electrical components market, which are helpful in identifying trends and key success factors for the industry. The report also includes Porter's analysis of components and products. The Global Actuators and Electronic Components Market in the Commercial Aviation Market will be worth $14.51 Billion by 2020 at an estimated CAGR of 5.90%.

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Continuous improvement in the technology is another key driver for the market. Hydraulic actuators systems in aircrafts are on the verge of being replaced by the highly reliable, fuel efficient, compact, light weight, and low in power consumption electronic actuators systems. Electronic actuators system is the new era of technologically improved actuation system, which will contribute majorly to the development of eco-friendly electric aircrafts in the future. Geographic analysis covers North America,Europe, Asia-Pacific, and RoW. In this report, North America is further segregated by countries such as the U.S., Canada, andMexico. Europe is further segregated into Germany, the U.K., France, Italy, and others. APAC is segregated into Australia,China, Japan, South Korea, and India. RoW is segregated into Africa and the Middle East.

The leading companies in the actuator and electronic component market covered in the report are Curtiss Wright (U.S.), Honeywell international Inc. (U.S.), Microsemi Corporation (U.S.), Moog, Inc. (U.S.), Parker Hannifin Corporation (U.S.), Rockwell Collins Inc. (U.S.), Saab AB (Sweden), Safran SA (France), and Thales SA (France).

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