Global Commercial Aircraft Actuation Systems Market is predicted to grow approximately at 5.1% CAGR by 2023
The key players of the global commercial aircraft actuation systems market are Honeywell, Moog, Parker Aerospace, UTC Aerospace Systems, and Eaton. In 2016, the top 5 players accounted for XX% share in global commercial aircraft actuation systems market.
research report on global commercial aircraft actuation systems market. The global commercial aircraft actuation systems market is expected to grow approximately at 5.1% CAGR during the period 2017 to 2023.
The defense units of many countries are strengthening their position globally by manufacturing combat planes, helicopters, and transport aircraft. In 2014, the U.S. possessed 14,000 military aircraft, Russia had 4,000, China had 3,000, and India had 2,000. Thus, increase in number of aircrafts is expected to drive the market. However, high cost associated with autopilot system is the major restraint that could hinder the market.
Market Research Analysis
The global commercial aircraft actuation systems market has been analyzed based on the three segments, namely type, aircraft type and regions.
On the basis of type, the global commercial aircraft actuation systems market is segmented as electric, hydraulic, pneumatic and mechanical. The hydraulic actuation systems are expected to dominate the market with largest share. The growth of the segment can be attributed to increasing demand in operating wheel brakes, land gear, and speed propellers. On the other hand, there is a shifting trend towards electric actuators. Thus, advancements in electric actuators recently is expected to significantly boost the growth of the segment during the forecast period.
Based on aircraft type, the market is bifurcated as narrow body, wide body and others. The narrow body segment is expected to witness exponential growth in North America due to rise in aircraft sales, technological advancement, and increasing passenger traffic.
Scope of the Report
This study provides an overview of the global commercial aircraft actuation systems market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for Asia-Pacific, North America, Europe and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global commercial aircraft actuation systems market by its type, by aircraft type and region.
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