Aircraft Actuator Market is Expected to Grow at a CAGR of 9.5% Between 2016 and 2022 - Research and Markets

Apr 14, 2016, 07:10 ET from Research and Markets

DUBLIN, April 14, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Aircraft Actuator Market by Component, Application, Aircraft Type and Geography - Global Forecast to 2022" report to their offering. 

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The aircraft actuator market was valued at USD 10.30 Billion in 2015 and is expected to grow at a CAGR of 9.5% between 2016 and 2022. The actuators and electronic components market growth can be directly linked with the growth of the commercial aviation industry. The most significant factor driving the aircraft actuator market is the increasing demand for commercial aircraft globally. 

Major factors responsible for this growth are growing urban population, rise in the per capita income, emerging economies, hectic lifestyles and the need for time saving, and increased demand from developing countries. The growing trend of more electric aircraft (MEA) is the other factor driving the growth of the aircraft actuator market. Developments in fault-tolerant architecture, electro-hydrostatic actuators, primary and secondary flight control systems, power generation and conversion systems, and high-density electric motors are strengthening the concept of MEA. 

The demand to increase the safety associated with air travel has boosted the demand for health monitoring systems. Health monitoring system followed by power generation system and power distribution system are the fastest-growing application sectors of the aircraft actuator market. The increasing trend to adopt the MEA concept has resulted in an increasing number of electronic components replacing the traditional mechanical or hydraulic components. This has resulted in increased power requirement by various electronic components, further increasing the demand for power generation systems and power distribution systems. 

Factors such as rapid technological upgrades and stringent regulatory framework are challenges for the aircraft actuator market. The equipment that is built by manufacturers tends to have long life cycles that outlast the life spans of semiconductors and other components that are critical to those systems. 

Key Topics Covered: 

1 Introduction 

2 Research Methodology 

3 Executive Summary 

4 Premium Insights 

5 Market Overview 

6 Industry Trends 

7 Market, By Component 

8 Market, By Aircraft Type 

9 Market, By Application 

10 Geographic Analysis 

11 Competitive Landscape 

12 Company Profiles 

Companies Mentioned:

  • Airbus Group SE
  • Commercial Aircraft Manufacturers
  • Component Manufacturers
  • Honeywell Aerospace
  • Infineon Technologies AG
  • Microsemi Corp.
  • Rockwell Collins, Inc.
  • Safran SA
  • System Manufacturers
  • The Boeing Company
  • UTC Aerospace Systems
  • Vishay Intertechnology, Inc.
  • Woodward, Inc.

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SOURCE Research and Markets