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%.
Browse 52 market data tables and 36 figures spread through 130 pages and in-depth TOC on "Actuator Systems Market in Aviation".
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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 use of actuators helps in aircraft maintenance. Airlines across the globe are looking for more efficient aircraft that can increase their net profit. The increasing fuel price is a major driving factor, forcing the aircraft manufactures to opt for more fuel efficient and more electric aircraft (MEA) concept. With the primary functions in the aircraft more powered by electrical system; rather than conventional Pneumatic and hydraulic system aircraft will be able to achieve reduced fuel burn, higher reliability, reduction in maintenance cost, and more dispatch availability. Many R&D programs are going on in this industry for saving fuel and enhancing operational efficiency.
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.
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