Published on : Jan 11, 2019
Albany, New York, January 11, 2019: Aviation industry is the primary adopter of actuators as it holds significant importance given the wide range of application is controlled by actuators such as limiting and controlling velocity and engine speed by adjusting flaps and levers.
The market for aviation actuator system is expected to be affected by market-specific and macro-economic factors such as soaring passenger traffic and surge in aircraft orders. These insights are according to the report titled, “Aviation Actuator System Market—Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018-2026,” which has been lately incorporated in the extensive repository of Market Research Hub (MRH). Further, procurement of low weight and power-efficient actuators in the aviation actuators system market is influenced by its ability to curb high maintenance requirements, threat of security risks and shortcomings of weight.
Escalating security concerns and the battle of supremacy for showcasing military might by countries have augured well for the demand of defense aircraft. Moreover, soaring budget in the defense sector is being witnessed worldwide. These factors are estimated to increase the demand for aviation actuator systems to be applied in defense aircraft during the assessment period 2018-2026. Owing to features of electric actuators such as equipped with sensors, technologically advanced and stop modules for safe use— all leading to longevity and increased safety of aircraft, aircraft manufacturers are opting for electric actuators.
IoT Propels Innovation in Aviation
Many answers for underlying challenges for the aviation industry come in the form of IoT related solutions. Currently, many aircraft are equipped with fly-by-wire, thereby introducing layer of logic between control actuators and pilots’ inputs, thereby it transpires pilots’ intentions into aircraft behavior at the same time removing the risk of damage, loss of control and overload.
Aviation Actuator System Market: Report Content
The report offers a comprehensive analysis through quantitative and qualitative assessments of aviation actuator system market. The report incorporates drivers, opportunity, restraints and trends influencing the growth of aviation actuator system market. Further, the report also does the segregation to provide an in-depth analysis of the market. The market is segmented on the basis of actuator type, application, end-use and region.
The report starts with an exhaustive executive summary and market overview. The market overview sheds light on the dynamics and major market indicators. This section also delves into the value chain analysis and Porters’ Five Force Analysis. The latter gives insights on the competitive scenario of the aviation actuator system market. The final section of the report delineates competitive landscape with a dashboard view incorporating financial overview, company overview, product portfolio, key differentiators, recent development and strategies. The report highlights some of the major companies active in the market for aviation actuator system: Collins Aerospace, Honeywell International Inc., GE Aviation, Aero Space Controls Corporation, PARKER HENNIFIN CORP and MOOG INC., among others.
Aviation Actuator System Market: Research Methodology
The research methodology in this report includes primary sources, secondary resources and assessment from expert panel for the forecast period 2018-2026. Primary sources include telephonic interviews, e-mail interactions and face to face interviews and honest reviews of the aviation actuator system market across regions. Whereas, the secondary sources incorporate annual reports, national government documents, SEC filings, investors’ presentation, World Bank database, internal and external proprietary database, market reports, industry white paper, regulatory database and statistical database. Expert panel rigorously assesses the report in order to provide readers with authentic and unbiased report.
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