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Aircraft actuators are devices that are responsible for moving and controlling of various mechanisms and systems in aircrafts. The actuation in aircrafts is generally achieved with a valve or lever arrangement according to the need of the system and is extremely crucial for the successful functioning of any aircraft.
These actuators have the ability to withstand harsh and extreme conditions such as strong vibrations, heat, and cold and are used in a wide range of applications such as land gear, flight control, position feedback, clutches, load limiters, manual drives, seat actuation, landing gears, electromagnetic brakes and vibration control & noise control in commercial and other aircrafts. Also, these are used to maintain the aircrafts at low airspeeds as well as in extending and retracting in flights.
They are often made of very lightweight material but are exceptionally reliable and aid in the safety of the individuals inside of the aircraft quite efficiently.
The aircraft actuators market is expected to register a CAGR of around more than 6% during the 2020 – 2025 period.
The growth of this market is attributed towards major relying factors including; the rising production of aircrafts across the globe, the growing trend of More Electric Aircraft(MEA), the worldwide increasing demand for civil and commercial aircrafts, the globally increasing demand for commercial aircrafts with less carbon footprints, the increase in passenger traffic across the world, rise in demand for reducing aircraft weight, surge in demand for premium air travel and the increasing modernization plans of the existing aircrafts etc.
Additionally, the sprouting focus of aircraft manufacturers on rapid advancement in technology and the increasing R&D activities carried out by them on Aerospace Actuators material to optimize the strength and decrease the weight of the aircraft create ample opportunities for the growth of this market. Also, with that, the growth of the aircraft manufacturing industry and the development of the aerospace sector in civil as well as defense industry will further create significant demand for actuators and therefore add to the market growth.
Moreover, the advent of the 3D printing technology has made the process of designing and implementation of actuators faster, less expensive, and simpler. Also, this technology allows the incorporation of all actuator parts into a single structure, hence eliminating the need to use external joints, adhesives, and fasteners. The growth of the application of this technology in the aviation industry will comprehensively enhance the growth of the aircraft actuators market considerably.
Furthermore, other factors such as the increasing air traffic in emerging economies, the increasing middle-class population, rapid urbanization, rapid expansion of the aviation industry, the surging orders and procurement of aircraft, both for commercial and military purposes and the growing bilateral air service agreements among nations, and liberalization will further propel the growth of this market.
However, factors such as the high cost of manufacturing setup, growing stringent regulatory frameworks, rapid technological upgrades, leakage issues in hydraulic and pneumatic actuators, excessive system topologies, safety issues associated with actuators and the need for their regular maintenance restrain the market growth.
AIRCRAFT ACTUATORS MARKET SEGMENTATION:
By Wing Type:
The North American region is the largest regional market for aircraft actuators. It is estimated that the region will continue to rank the highest in the upcoming years as well. The growth in the region can be well attributed to factors such as the presence of several key aircraft actuator manufacturers in the region, the increasing investments in R&D for the development of reliable and efficient aircraft actuators, and the growing aviation industry in the region. Also, factors such as lower prices of oil, supportive private sector, and low labor cost in this region contribute to the market growth. The major contributor in the region is the U.S.
The Asia Pacific region is the fastest growing regional market for aircraft actuators and is also projected to witness significant rise in the forthcoming years. The growth in this region can be accounted to factors such as the rapidly increasing industrial infrastructure, the rising government initiatives in developing nations, the increasing aircraft orders in countries and the increasing defense budget in the economies of the region. Moreover, the increase in overseas education and the increasing disposable incomes of the populace also contribute to the market growth of this region. The major contributors in the region are India, China and Japan.
FEW KEY PLAYERS IN AIRCRAFT ACTUATORS MARKET:
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