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Aircraft Actuator - Global Market Trajectory & Analytics

  • ID: 4804463
  • Report
  • April 2021
  • Region: Global
  • 282 pages
  • Global Industry Analysts, Inc
Global Aircraft Actuator Market to Reach $25.9 Billion by 2027

Amid the COVID-19 crisis, the global market for Aircraft Actuator estimated at US$14.9 Billion in the year 2020, is projected to reach a revised size of US$25.9 Billion by 2027, growing at a CAGR of 8.3% over the analysis period 2020-2027. Electronic, one of the segments analyzed in the report, is projected to record a 9.7% CAGR and reach US$7.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Electrical segment is readjusted to a revised 8% CAGR for the next 7-year period.



The U.S. Market is Estimated at $4 Billion, While China is Forecast to Grow at 12.6% CAGR

The Aircraft Actuator market in the U.S. is estimated at US$4 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$6 Billion by the year 2027 trailing a CAGR of 12.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 7.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.4% CAGR.

Mechanical Segment to Record 7.5% CAGR

In the global Mechanical segment, USA, Canada, Japan, China and Europe will drive the 6.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3.9 Billion in the year 2020 will reach a projected size of US$6.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.6 Billion by the year 2027, while Latin America will expand at a 8.8% CAGR through the analysis period.

Select Competitors (Total 42 Featured):
  • Airbus Group SE
  • Boeing Company, The
  • Collins Aerospace
  • Honeywell Aerospace
  • Infineon Technologies AG
  • Microsemi Corporation
  • Safran
  • Vishay Intertechnology, Inc.
  • Woodward, Inc.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • World Market Trajectories
  • Aircraft Actuator: A Prelude
  • Health Monitoring Systems Application to Witness Higher CAGR
  • Narrow Body Aircraft Leads the Market by Aircraft Type
  • The Actuator Industry: A North American Perspective
  • Impact of Covid-19 and a Looming Global Recession
  • Rise in Usage of Electromechanical Actuators, with its High Reliability and Efficiency Bodes Well for the Market
  • Government Regulations and Rapid Technological Advancements Halts Market Growth
  • Increasing Demand for Commercial Aircraft Drives Market for Aircraft Actuator
  • Rise in Air Traffic among Developing Countries: A Market Opportunity
  • Players Need to Shift Focus towards Commercial Aviation
  • Fierce Competition among Aerospace and Aviation Companies Limits Market Growth
  • Aircraft Actuator Market to Grow Tremendously with the Arrival of Auto-GCAS
  • Revolutions in Seat Actuation Systems: A Prime Growth Driver for the Market
  • Modular and Compact Design: Latest Trend in the Market
  • PRODUCT OVERVIEW
  • Aircraft Actuator: An Introduction
  • Actuator: An Insight
III. MARKET ANALYSIS

IV. COMPETITION
  • Total Companies Profiled: 42
Note: Product cover images may vary from those shown
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