Commercial Aircraft Segment to Dominate APAC Aircraft Actuators Market during 2019-2027
According to this research study titled “APAC 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$ 2423.60 million by 2027 from US$ 1503.11 million in 2020. The market is estimated to grow at a CAGR of 7.1% from 2020 to 2027. The report provides trends prevailing in the APAC aircraft actuators market along with the drivers and restraints pertaining to the market growth. Increment in Demand for Narrow-body and Small Aircraft are the major factor driving the growth of the APAC aircraft actuators market. However, Boeing’s difficulty from B737 Max and interrupt of A380 Program hinder the growth of APAC aircraft actuators market.
The COVID-19 outbreak has resulted in a massive financial loss in the APAC region. The governments in Asia Pacific countries are taking possible steps to reduce its effects by announcing lockdown, which is negatively affecting the aircraft manufacturing sector. China is one of the leading aerospace manufacturing countries in the region and has been one of APAC's most affected countries during Q1 and Q2. Due to this, the manufacturing facilities have been witnessing severe conditions in aircraft and aircraft component manufacturing facilities. The Airbus and Boeing manufacturing facilities in China were shut down for a longer period, which resulted in substantial lesser demand for various components and systems including actuators. Similarly, China’s indigenous aircraft manufacturer COMAC also halted its production of C919 during Q1, which resulted in negatively in aircraft actuators market. India, Japan, and South Korea are still combating the virus. However, the countries have eased the lockdown measures, which is reflecting the restart of manufacturing facilities. Nonetheless, the remarkable lower volumes of air travel passengers have slowed down the demand for various components among the OEMs regionally and internationally. This has been negatively affecting the aircraft actuators market.
The APAC 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 APAC 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; Curtiss-Wright Corporation; Eaton Corporation plc, Honeywell International Inc; Meggitt PLC, Moog Inc.; Parker-Hannifin Corporation; TransDigm Group Incorporated; Woodward, Inc are among the leading companies in the APAC 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, Collins Aerospace Systems was awarded a contract by BAE Systems to provide advanced actuation capabilities, including the UK’s tempest next-generation combat air system project. Collins Aerospace would support the program from its actuation systems facility located in Wolverhampton, UK.
The report segments the APAC Aircraft Actuators Market as follows:
APAC Aircraft Actuators Market - By Type
APAC Aircraft Actuators Market - By System
APAC Aircraft Actuators Market - By End User
APAC Aircraft Actuators Market - By Country
The COVID-19 outbreak has resulted in a massive financial loss in the APAC region. The governments in Asia Pacific countries are taking possible steps to reduce its effects by announcing lockdown, which is negatively affecting the aircraft manufacturing sector. China is one of the leading aerospace manufacturing countries in the region and has been one of APAC's most affected countries during Q1 and Q2. Due to this, the manufacturing facilities have been witnessing severe conditions in aircraft and aircraft component manufacturing facilities. The Airbus and Boeing manufacturing facilities in China were shut down for a longer period, which resulted in substantial lesser demand for various components and systems including actuators. Similarly, China’s indigenous aircraft manufacturer COMAC also halted its production of C919 during Q1, which resulted in negatively in aircraft actuators market. India, Japan, and South Korea are still combating the virus. However, the countries have eased the lockdown measures, which is reflecting the restart of manufacturing facilities. Nonetheless, the remarkable lower volumes of air travel passengers have slowed down the demand for various components among the OEMs regionally and internationally. This has been negatively affecting the aircraft actuators market.
The APAC 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 APAC 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; Curtiss-Wright Corporation; Eaton Corporation plc, Honeywell International Inc; Meggitt PLC, Moog Inc.; Parker-Hannifin Corporation; TransDigm Group Incorporated; Woodward, Inc are among the leading companies in the APAC 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, Collins Aerospace Systems was awarded a contract by BAE Systems to provide advanced actuation capabilities, including the UK’s tempest next-generation combat air system project. Collins Aerospace would support the program from its actuation systems facility located in Wolverhampton, UK.
The report segments the APAC Aircraft Actuators Market as follows:
APAC Aircraft Actuators Market - By Type
- Linear
- Rotary
APAC Aircraft Actuators Market - By System
- Hydraulic Actuators
- Electrical Actuators
- Mechanical Actuators
- Pneumatic Actuators
APAC Aircraft Actuators Market - By End User
- Commercial Aircraft
- Military Aircraft
APAC Aircraft Actuators Market - By Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
Table of Contents
1. Introduction
3. Research Methodology
4. APAC Aircraft Actuators Market Landscape
5. APAC Aircraft Actuators Market - Key Market Dynamics
6. Aircraft Actuators - APAC Market Analysis
7. APAC Aircraft Actuators Market Analysis By Type
8. APAC Aircraft Actuators Market Analysis, By System
9. APAC Aircraft Actuators Market Analysis, By End User
10. APAC Aircraft Actuators Market, Country Analysis
11. APAC 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
- Curtiss-Wright Corporation
- Eaton Corporation plc
- Honeywell International Inc
- Meggitt PLC
- Moog Inc.
- Parker-Hannifin Corporation
- TransDigm Group Incorporated
- Woodward, Inc
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 96 |
| Published | June 2021 |
| Forecast Period | 2020 - 2027 |
| Estimated Market Value ( USD | $ 1503.11 Million |
| Forecasted Market Value ( USD | $ 2423.6 Million |
| Compound Annual Growth Rate | 7.1% |
| Regions Covered | Asia Pacific |
