According to the new market research report “Aircraft Actuator Market by Component (Electronic, Electrical, & Mechanical), Application (Power Generation, Power Distribution, Flight Control, Landing & Braking, Fuel, Avionics, & Health Monitoring), Aircraft Type and Geography – Global Forecast to 2022″, the market is estimated to reach USD 20.13 Billion by 2022, at a CAGR of 9.5% between 2016 and 2022. The growing trend of more electric aircraft and increasing demand for commercial aircraft, globally, are the major drivers for the aircraft actuator market.
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The aircraft actuator market is highly competitive market with a large number of big players leading the market with their brand image. The aircraft actuator market was dominated by companies in the U.S., followed by those in Europe. As of 2015, UTC Aerospace Systems (U.S.) and Honeywell Aerospace, Inc. (U.S.) are two key players leading the aircraft actuator market.
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UTC Aerospace Systems (U.S.) designs and manufactures service systems, components, and integrated solutions for commercial, regional, business, and military aircraft, and helicopters. UTC Aerospace has a wide range of offerings for commercial aviation such as power generation, management and distribution systems, flight controls, engine control systems, intelligence, surveillance and reconnaissance systems, engine components, environmental control systems, fire protection and detection systems, propeller systems, aircraft nacelles and interior, actuation, landing, and electronic systems. The company intends to grow through technological developments; it has initiated key technologies such as electric brakes that are lighter and compact than hydraulic systems, building a more intelligent air data system and developing composite materials that are strong and lightweight. In February 2016, Singapore Airlines Cargo Pte Ltd. selected UTC Aerospace Systems to deliver freighter common turntables (FCTs); an all-in-one package with the ability to steer, brake, stop, and drive cargo with Goodrich’s power drive unit for its Boeing 747-400 freighters.
Honeywell Aerospace, Inc. (U.S.) is engaged in the supply of aircraft engines, integrated avionics systems solutions, and related products for aircraft manufacturers, airlines, aircraft operators, military services, and defense and space contractors. The company offers actuators and electronic systems for business jets and airlines/cargo in the commercial aviation industry. The company provides quality products and services to its customers by involving itself in the field of commercial aviation and bringing in various innovations. Its commitment to quality and consistent improvement in products makes it one of the leading suppliers of actuation and electronic control systems across the globe. The company‘s focus lies on maintaining a multi-segment business platform to enhance the predictability and sustainability of its earnings and growth. Honeywell Aerospace, in September 2015, acquired Aviaso Software AG (Switzerland), a privately held international aviation software company that offers fuel efficiency and emissions savings software to the airline industry. This acquisition would help Honeywell Aerospace strengthen its services portfolio for the commercial aviation industry.
Other major players in aircraft actuator market include Rockwell Collins, Inc. (U.S.), Safran SA (France), Woodward, Inc. (U.S.), GE Aviation (U.S.), Microsemi Corporation (U.S.), Infineon Technologies AG (Germany), Vishay Intertechnology, Inc. (U.S.), and Moog Inc. (U.S.) among others.
This report provides a detailed insight into the overall aircraft actuator market, with detailed segmentations based on component, aircraft type, and application, combined with the qualitative analysis of the market. The said market has been forecast till 2022.
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