According to the new market research report “Actuator & Electronic Components Market in Commercial Aviation,” published by MarketsandMarkets, the actuators and electronics components market in commercial aviation will be worth $14.51 Billion by 2020 at an estimated CAGR of 5.90 percent.
The report explains to the uninitiated that actuators are components used to set a system in the motion and control its mechanism. The convert energy into motion, such energy is taken from pneumatic or hydraulic fluid pressure or by electric current. They are categorized as electrical, hydraulic, pneumatic, and mechanical. They are widely used in electromagnetic brakes, landing gears, seat actuation, manual drives, load limiters, clutches, and position feedback for commercial aircrafts.
The report contains detailed market segmentations, combined with the qualitative analysis of each and every aspect of the classification on the basis of technology, products, components, application verticals, sub-sectors, and geography. All the numbers, both revenue and volume, are forecasted till 2020. The report deals with all the driving forces, restraints, and opportunities with respect to the actuation technologies and electrical components market, which are helpful in identifying trends and key success factors for the industry. The report also includes Porter’s analysis of components and products. The Global Actuators and Electronic Components Market in the Commercial Aviation Market will be worth $14.51 Billion by 2020 at an estimated CAGR of 5.90 percent.
Continuous improvement in the technology is another key driver for the market. Hydraulic actuators systems in aircrafts are on the verge of being replaced by the highly reliable, fuel efficient, compact, light weight, and low in power consumption electronic actuators systems. Electronic actuators system is the new era of technologically improved actuation system, which will contribute majorly to the development of eco-friendly electric aircrafts in the future. Geographic analysis covers North America, Europe, Asia-Pacific, and RoW. In this report, North America is further segregated by countries such as the U.S., Canada, and Mexico. Europe is further segregated into Germany, the U.K., France, Italy, and others. APAC is segregated into Australia, China, Japan, South Korea, and India. RoW is segregated into Africa and the Middle East.
The leading companies in the actuator and electronic component market covered in the report are Curtiss Wright (U.S.), Honeywell international Inc. (U.S.), Microsemi Corporation (U.S.), Moog, Inc. (U.S.), Parker Hannifin Corporation (U.S.), Rockwell Collins Inc. (U.S.), Saab AB (Sweden), Safran SA (France), and Thales SA (France).