Military Aircraft Actuation Systems Market New Technology, Latest Business news, Industry Insights, Growth Analysis 2030

Research Reports

Feb 22, 2023

Future Market Research Insights:

Military aircraft actuation systems market growing demand for automation and increasing number of combat aircraft are estimated to gain higher popularity during the forecast period.

By 2027, the market for aviation actuators is anticipated to be worth USD 11.4 billion, growing at a CAGR of 7.0%. By manipulating levers and flaps, a military aircraft actuation system assists in extending and retracting landing gear, monitoring and controlling velocity, and modulating engine speed.

The actuation systems are driven by a variety of energy sources, including electricity, hydraulic fluid pressure, and pneumatic pressure, which transform energy into motion. Additionally, increasing R&D spending will accelerate market expansion. During the projected period, it is anticipated that the rising popularity of automation and combat aircraft would increase.

Military aircraft actuation systems market growth is being positively impacted by factors like the focus on updating outdated military aircraft and the rising utilization of combat aircraft in military missions. Additionally, the need for new combat and trainer aircraft is being driven by an increase in defense spending, particularly in developing nations.

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 Key Markets Players:

United Technologies Corporation, Curtiss-Wright Corporation, Eaton Corporation (Ireland), Moog Inc. (US), Parker Hannifin Corporation, Honeywell International Inc. (US), Eaton Corporation (US), General Electric Company (US), Liebherr Group (Switzerland), Saab AB (Sweden), and Woodward, Inc. (US). and others are a few of the well-known companies highlighted in Analysis who lead the competition in the market for military aircraft actuation systems.

Market Segments:

Market segments include type, application, aircraft, and geography. The market for hydraulic, electric, and other actuation systems for military aircraft is segmented based on type. Electricity is predicted to grow at the greatest CAGR throughout the projected period because of its many advantageous qualities, including energy savings, cheap investment costs, high power density and capacity, fail-safe functioning, and ease of integration into existing infrastructure. Combat aircraft and non-combat aircraft make up the two segments of the military aircraft actuation systems industry.

Due to the increased production and acquisition of fighter aircraft globally to strengthen the military, the combat aircraft category had the biggest market share. The flight control system, landing gear system, and other systems segments of the military aircraft actuation systems market are based on application. As compared to other applications, the flight control system category required the most actuators, accounting for the greatest market share.

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 Several reasons, including the expanding use of electric aircraft concepts and the anticipated rise in demand for commercial aircraft internationally, are driving the industry.

The creation of high-tech, lightweight electric aircraft actuators is to blame for the expansion of the aircraft actuators market in North America. The need for aircraft actuators in the area is also driven by rising air passenger traffic, which also results in a rise in aircraft deliveries.

The expansion of the market may be ascribed to elements including enhanced commercial aviation infrastructure, an increase in air travel, and the development of fuel-efficient aircraft.

The purchase of new aircraft by airlines and defense organizations throughout the globe is another factor fueling market expansion. One of the main reasons propelling the airplane actuators market is the desire for lightweight electric actuation systems to fulfill the demands of future aviation passenger traffic.

The rising need for fuel-efficient aircraft in North America, Asia Pacific, and Europe is another factor driving market expansion.

Regional Analysis:

The market for military aircraft actuation systems is dominated by North America. Due to the presence of many major combat aircraft producers (including Lockheed Martin, and Northrop Grumman) and actuation system suppliers (including UTC, and Honeywell), the area has a significant market share.

Additionally, it is anticipated that the US military would get USD 674 billion in assistance in 2019 for new destroyers, fighter planes, and Black Hawk helicopters, among other things, which has an indirect impact on the military aircraft actuation systems in this region.

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Tags: Military Aircraft Actuation Systems Market Outlook, Military Aircraft Actuation Systems Market Analysis, Military Aircraft Actuation Systems Market Insights, Military Aircraft Actuation Systems Market Growth, Military Aircraft Actuation Systems Industry, Military Aircraft Actuation Systems Market Share, Military Aircraft Actuation Systems Market, Military Aircraft Actuation Systems Market Size, Military Aircraft Actuation Systems Market Trend See Campaign: https://www.marketresearchfuture.com/categories/aerospace-defense

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