Commercial Aircraft Segment to Dominate MEA Aircraft Actuators Market during 2019-2027
According to this research study titled “MEA Aircraft Actuators Market to 2027 - COVID-19 Impact and Regional Analysis and Forecast by Type, System, and End User,” the market is expected to reach US$ 336.11 million by 2027 from US$ 274.03 million in 2020. The market is estimated to grow at a CAGR of 3.0% from 2020 to 2027. The report provides trends prevailing in the MEA aircraft actuators market along with the drivers and restraints pertaining to the market growth. Recent Technologies: Plasma Actuators, Electric Aircraft Actuators, and VTOL Actuators are the major factor driving the growth of the MEA aircraft actuators market. However, Boeing’s Issue from B737 Max and Halt of A380 Program hinder the growth of MEA aircraft actuators market.
The MEA aircraft actuators market is majorly affected by the disruption in the supply chain. Pertaining to the closure of borders of countries, the supply chain of several components and systems have been disturbed. The demand for advanced aerospace technologies such as aircraft actuators has declined during the lockdown period. This has resulted in a loss of business among the aircraft actuators market players offering their products to respective customers in the MEA region. South Africa has few aircraft manufacturers, which produce general aviation piston aircraft. The widespread COVID-19 viruses have led the manufacturers to suspend their operations or operate with a minimal workforce temporarily. This has weakened the demand for actuation systems, thereby hindering the aircraft actuators market in the country. Additionally, the disruption in the supply chain business owing to the trade ban has also reflected adverse effects on aircraft actuators market in the country.
The MEA aircraft actuators market is segmented based on type, system, end user, and country. Based on type, the market is segmented into linear and rotary. In 2019, the linear segment held the largest share MEA aircraft actuators market. Based on system, the market is segmented into hydraulic actuators, electrical actuators, mechanical actuators, and pneumatic actuators. Electrical Actuators is expected to the fastest growing segment over the forecast period. Based on end user, the market is segmented into commercial aircraft and military aircraft. The Commercial Aircraft segment contributed a substantial share in 2019.
Collins Aerospace; Raytheon Technologies Company; Eaton Corporation plc, Honeywell International Inc; Moog Inc.; Parker-Hannifin Corporation; TransDigm Group Incorporated; Woodward, Inc are among the leading companies in the MEA aircraft actuators market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Honeywell International Inc. was engaged in developing a line of lighter-weight, electromechanical flight controls to bring safety to new urban air vehicles that can take off and land vertically. These actuators use small amounts of electricity to move control surfaces on the aircraft and are specially designed to withstand the vibrations and power requirements of urban air mobility vehicles
The report segments the MEA Aircraft Actuators Market as follows:
MEA Aircraft Actuators Market - By Type
MEA Aircraft Actuators Market - By System
MEA Aircraft Actuators Market - By End User
MEA Aircraft Actuators Market - By Country
According to this research study titled “MEA Aircraft Actuators Market to 2027 - COVID-19 Impact and Regional Analysis and Forecast by Type, System, and End User,” the market is expected to reach US$ 336.11 million by 2027 from US$ 274.03 million in 2020. The market is estimated to grow at a CAGR of 3.0% from 2020 to 2027. The report provides trends prevailing in the MEA aircraft actuators market along with the drivers and restraints pertaining to the market growth. Recent Technologies: Plasma Actuators, Electric Aircraft Actuators, and VTOL Actuators are the major factor driving the growth of the MEA aircraft actuators market. However, Boeing’s Issue from B737 Max and Halt of A380 Program hinder the growth of MEA aircraft actuators market.
The MEA aircraft actuators market is majorly affected by the disruption in the supply chain. Pertaining to the closure of borders of countries, the supply chain of several components and systems have been disturbed. The demand for advanced aerospace technologies such as aircraft actuators has declined during the lockdown period. This has resulted in a loss of business among the aircraft actuators market players offering their products to respective customers in the MEA region. South Africa has few aircraft manufacturers, which produce general aviation piston aircraft. The widespread COVID-19 viruses have led the manufacturers to suspend their operations or operate with a minimal workforce temporarily. This has weakened the demand for actuation systems, thereby hindering the aircraft actuators market in the country. Additionally, the disruption in the supply chain business owing to the trade ban has also reflected adverse effects on aircraft actuators market in the country.
The MEA aircraft actuators market is segmented based on type, system, end user, and country. Based on type, the market is segmented into linear and rotary. In 2019, the linear segment held the largest share MEA aircraft actuators market. Based on system, the market is segmented into hydraulic actuators, electrical actuators, mechanical actuators, and pneumatic actuators. Electrical Actuators is expected to the fastest growing segment over the forecast period. Based on end user, the market is segmented into commercial aircraft and military aircraft. The Commercial Aircraft segment contributed a substantial share in 2019.
Collins Aerospace; Raytheon Technologies Company; Eaton Corporation plc, Honeywell International Inc; Moog Inc.; Parker-Hannifin Corporation; TransDigm Group Incorporated; Woodward, Inc are among the leading companies in the MEA aircraft actuators market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Honeywell International Inc. was engaged in developing a line of lighter-weight, electromechanical flight controls to bring safety to new urban air vehicles that can take off and land vertically. These actuators use small amounts of electricity to move control surfaces on the aircraft and are specially designed to withstand the vibrations and power requirements of urban air mobility vehicles
The report segments the MEA Aircraft Actuators Market as follows:
MEA Aircraft Actuators Market - By Type
- Linear
- Rotary
MEA Aircraft Actuators Market - By System
- Hydraulic Actuators
- Electrical Actuators
- Mechanical Actuators
- Pneumatic Actuators
MEA Aircraft Actuators Market - By End User
- Commercial Aircraft
- Military Aircraft
MEA Aircraft Actuators Market - By Country
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
Table of Contents
1. Introduction
3. Research Methodology
4. MEA Aircraft Actuators Market Landscape
5. MEA Aircraft Actuators Market - Key Market Dynamics
6. Aircraft Actuators - MEA Market Analysis
7. MEA Aircraft Actuators Market Analysis - By Type
8. MEA Aircraft Actuators Market Analysis - By System
9. MEA Aircraft Actuators Market Analysis - By End User
10. MEA Aircraft Actuators Market - Country Analysis
11. MEA Aircraft Actuators Market - COVID-19 Impact Analysis
12. Industry Landscape
13. Company Profiles
14. Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Collins Aerospace, a Raytheon Technologies Company
- Eaton Corporation plc
- Honeywell International Inc
- Moog Inc.
- Parker-Hannifin Corporation
- TransDigm Group Incorporated
- Woodward, Inc
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 85 |
Published | June 2021 |
Forecast Period | 2020 - 2027 |
Estimated Market Value ( USD | $ 274.03 Million |
Forecasted Market Value ( USD | $ 336.11 Million |
Compound Annual Growth Rate | 3.0% |
Regions Covered | Africa, Middle East |