Honeywell International, Inc., Woodward, Inc., The Curtiss-Wright Corporation, Moog, Inc., Rockwell Collins, and Beaver Aerospace & Defense, Inc. are some prominent companies in the global aviation actuator system market.
An actuator refers to an element of a machine that is in charge of controlling and moving a system or a mechanism. A case in point is opening up a valve. In layman’s language, it is a ‘mover’ of things. An actuator needs an energy source and a control signal. In the aviation industry, actuators control a wide array of applications. For instance, actuators limit and regulate the engine speed and velocity through adjustment of flaps and levers.
In this comprehensive study on the global aviation actuator system market by Transparency Market Research (TMR), analysts estimate that the market is likely to grow at 6.4% CAGR, between 2018 to 2026.
Request a Sample https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=51987
Presence of Several Leading Players to Propel Growth of the Market in North America
The global aviation actuator system market has been divided into the key regions of the Middle East and Africa, Asia Pacific, Europe, Latin America, and North America.
North America is the regional segment that is exerting huge influence over the global aviation actuator system market. Presence of several leading manufacturers of aircraft in the region, such as The Boeing Company in the U.S, Bombardier Inc. in Canada and many more are supporting the growth of the market in the region. Furthermore, a rise in the orders for aircraft by the regional airlines from regions like the Middle East, Asia Pacific is likely to add fillip to the market over the assessment tenure. In addition, increased use of aircraft in the defense sector is also anticipated to fuel the expansion of the market.
Furthermore, adoption of electric actuators is becoming a major trend in the global aviation actuator system market. This is primarily attributable to limitations of mechanical and hydraulic actuators in terms of their performance and maintenance requirements and heavy weight. Moreover, electric actuators offer some significant advantages over traditional actuators such as reduced weight, less energy consumption, low power electronics, high reliability, high acceleration and stall torque capability, and effectiveness in handling of impulse load. Due to these factors, the electric actuator segment is expected to witness strong growth during the forecast period.
Request For Custom Research Report@
https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=51987
However, intense competition among manufacturers is anticipated to hamper the global aviation actuator system market during the forecast period. The aviation industry is a fairly fragmented industry with various players providing products with high reliability, high quality, and efficient cost and aftersales service. This leads to stiff competition among aviation and aerospace companies providing aircraft and associated equipment. This factor may pose a restraint to the aviation actuator system market in the next few years.
0 comments:
Post a Comment