Aerospace and Defence Actuator Market ‚ Segmented by Type, System, Platform, and Geography - Growth, Trends, and Forecast (2019 - 2024)

Aerospace and Defence Actuator Market ‚ Segmented by Type, System, Platform, and Geography - Growth, Trends, and Forecast (2019 - 2024)

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In the recent times, it is observed that global defence organisations are developing new and sophisticated air combat aircraft, which include training helicopters, transport aircraft and special-mission aircraft. Since actuators are a vital component in such aircraft, demand for new aircraft will also simultaneously generate demand for efficient actuation systems. The aerospace and defence actuator market is expected to register a CAGR of 6.7% during the forecast period.

Actuators are used with the movable parts of the aircraft, like in extension and retraction of landing gears, controlling engine speed by adjusting levers and flaps, amongst others. These systems are powered by different sources (electricity, hydraulic, fluid pressure or pneumatic) which convert energy into motion. The adoption of electric actuators is growing at a steady rate due to relatively safe, low maintenance, and simple architecture, compared to hydraulic and pneumatic actuation systems.

Rapid technological advances in electro-hydrostatic actuators, flight control systems, fault-tolerant architecture, power electronics, high-density electric motors, power generation, and conversion systems have led to the development of more-electric aircraft (MEA). Specifically, MEA provides for the use of electric power for all non-propulsive systems which were initially powered by a fusion of different secondary energy sources, such as hydraulic, pneumatic, mechanical, and electricity. 

There are two types of actuators, namely, linear actuators and rotary actuators. Linear actuators are used produce linear motion and rotary actuators are used to produce torque or rotary motion. Due to its flexibility and adaptable design, linear actuators are used in multiple industries. The list includes, robotics, automobiles, solar tracker, military automation and personal mobility equipment amongst others. These systems can also be used in Spacecraft systems. For instance, actuators have been used to maneuver Soft Capture System (SCS) ring in NASA Docking system. 

Aerospace and Defense Actuator Market: Revenue in USD million, Global, 2016 - 2023

                                             

                                           Source: Mordor Intelligence Analysis

Key players: Electromech Technologies, Parker Hannifin Corp, UTC Aerospace Systems, Triumph Group, Honeywell International Inc., amongst others.

Recent advancements:

Feb, 2018: Héroux-Devtek announced agreement to acquire Beaver Aerospace and Defense U.S. Manufacturer of Ball Screws and Actuation Systems.

July 2017: Triumph Group, Inc signed an agreement with Safran Nacelles to provide thrust reverser cowl opening system (TRCOS) actuators for the engine nacelle on the A320neo aircraft.

 Reasons to Purchase this Report:

  • Analysing various perspectives of the market with the help of Porter’s Five Forces Analysis
  • Detailed analysis on the segment that is expected to register the highest growth rate
  • Study on the region and country that are expected to dominate the market
  • Identifying the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate Sheet in Excel

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1. INTRODUCTION

                1.1 Scope of Study

                1.2 Market Definition

                1.3 Executive Summary

2. RESEARCH METHODOLOGY

                2.1 Study Deliverables

                2.2 Study Assumptions

                2.3 Research Phases

3. MARKET INSIGHTS

                3.1 Current Market Scenario

                3.2 Technology Trends

                3.3 Industry Attractiveness - Porter's Five Forces Analysis

                                3.3.1 Bargaining Power of Suppliers

                                3.3.2 Bargaining Power of Consumers

                                3.3.3 Threat of New Entrants

                                3.3.4 Threat of Substitute Products and Services

                                3.3.5 Competitive Rivalry within the industry

4. MARKET DYNAMICS

                4.1 Drivers

                4.2 Restraints

                4.3 Opportunities

5. AEROSPACE AND DEFENCE ACTUATORS MARKET – SEGMENTED BY TYPE

                5.1 Linear Actuators

                5.2 Rotary Actuators

6. AEROSPACE AND DEFENCE ACTUATORS MARKET – SEGMENTED BY SYSTEM

                6.1 Hydraulic Actuators

                6.2 Electrical Actuators

                6.3 Pneumatic Actuators

                6.4 Mechanical Actuators

                6.5 Other Actuators

7. AEROSPACE AND DEFENCE ACTUATORS MARKET – SEGMENTED BY PLATFORM

                7.1 Air

                7.2 Land

                7.3 Sea

                7.4 Space

8. AEROSPACE AND DEFENCE ACTUATORS MARKET – SEGMENTED BY GEOGRAPHY

                8.1 North America

                                8.1.1 US

                                8.1.2 Canada

                                8.1.3 Rest of North America

                8.2 Europe

                                8.2.1 UK

                                8.2.2 Germany

                                8.2.3 France

                                8.2.4 Russia

                                8.2.5 Rest of Europe

                8.3 Asia Pacific

                                8.3.1 China

                                8.3.2 India

                                8.3.3 Japan

                                8.3.4 Australia

                                8.3.5 South Korea

                                8.3.6 Rest of Asia Pacific

                8.4 Middle East & Africa

                                8.4.1 Saudi Arabia

                                8.4.2 UAE

                                8.4.3 South Africa

                                8.4.4 Rest of Middle East & Africa

                8.5 South America

                                8.5.1 Brazil

                                8.5.2 Argentina

                                8.5.3 Rest of South America

 9. COMPETITIVE LANDSCAPE

                9.1 Introduction

                9.2 Market Share Analysis

10. COMPANY PROFILES                              

                10.1 Honeywell International Inc.

                10.2 MOOG INC.

                10.3 Eaton

                10.4 Woodward, Inc

                10.5 Arkwin Industries, Incs

                10.6 Electromech Technologies

                10.7 Parker Hannifin Corp

                10.8 NOOK Industries, INC.

               10.9 Triumph Group

               10.10 UTC Aerospace Systems

               10.11 Safran

               10.12 Beaver Aerospace & Defense, Inc.

11. FUTURE MARKET OUTLOOK

12. DISCLAIMER

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