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Actuator Systems Market in Aviation worth $3,839.74 Millions by 2019
stevestark002   8/7/2014 5:15:10 AM
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The "Actuator Systems Market in Aviation - Market Analysis (Commercial Aviation and Defense Aviation Landing Gear, Flight Control, Electromechanical, Electrohydraulic, Pneumatic, Hydraulic, Mechanical)- Global Trends & Forecasts to 2014 - 2019" The North America is estimated at $1349.85 million in 2014, and it is expected to reach $ 1781.02 million by 2019. North America is expected to be fastest growing region in the commercial aviation actuation market at a CAGR of 5.60%.

The commercial aviation actuator report is segmented on the basis of application of actuator like landing gear, flight control and auxiliary actuator. Product segmentation is on the basis of type of actuator used i.e. pneumatic, hydraulic, mechanical, and electromechanical and electrohydraulic. The analysis is done for commercial and defense aviation actuator market.

The commercial aircraft market offers an exclusive range of opportunities and challenges which will assume prominence in the years to come. Commercial aviation has seen slumps in the past, yet the sector has regained quickly, and the industry has been reliably returned to its long-term growth rate of approximately 5 % per year. Despite uncertainties, 2013 passenger traffic rose to about 7 to 8 % above 2012 levels.

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North America is developing its airlines in respect to modern standards, and is more focused on the renewal of its fleet. North-American Airlines has announced that they will invest in the redesigning and refreshing of the company's international wide-body aircraft. The actuator market has huge potential in North America because of several new programs from this region. The delivery schedule of Boeing aircrafts is expected to increase in the forecast period. The passenger traffic is also expected to grow at a rate of 5% annually for another 20 years.

The Europe commercial aviation actuator system market is estimated at $1,451.79 million in 2014, and it is expected to reach $1,686.72 million by 2019. The air traffic in this region is expected to increase; hence, aircraft programs will require significant up gradations. New aircraft programs are in the R&D phase in several companies in the Europe for the delivery of fuel-efficient, emission-free aircrafts. More efficient aviation actuator systems will help in improving the efficiency and reliability.

High growth regions are China, Russia, and North America; and many new programs are coming up from these regions. The deliveries of the aircrafts are also expected to increase by 2019.

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