Aviation Actuator System Market Size & Share to Surpass USD 3.1 billion by 2031, Rising at a CAGR of 6.8% | Analysis by Transparency Market Research, Inc.
Rising environmental sustainability and the need for advanced electronics components will drive demand for aviation actuator systems.
Wilmington, Delaware, United States, Transparency Market Research Inc. -, Oct. 24, 2024 (GLOBE NEWSWIRE) — The aviation actuator system market (항공 액추에이터 시스템 시장) was worth US$ 1.7 billion in 2022. A CAGR of 6.8% is predicted from 2023 to 2031, leading to a
Global Aviation Actuator System Market: Competitive Landscape
Technology advancements and advanced materials incorporated into aviation actuator system design have created substantial growth opportunities for companies in this field. Leading players are launching new devices to enhance their product portfolios, and a business expansion is being invested to increase profitability and productivity.
Key Players Profiled
- Aero Space Controls Corporation
- General Electric
- Honeywell International Inc.
- ITT INC.
- Microsemi
- Moog Inc.
- PARKER HANNIFIN CORP
- Collins Aerospace
- Safran
- SAM GmbH
- Crissair, Inc.
- Woodward Inc.
Key Developments
- In October 2022, Moog Inc., which manufactures, integrates, and designs discrete and integrated control systems, launched and retrieved an X-61A Gremlins Air Vehicle (GAV) on its fourth flight test. With three GAVs, Gremlins conducted four individual flight sorties, including an airborne recovery mission that lasted 1.4 hours.
- In July 2023, Safran acquired Collins Aerospace’s actuation and flight control business. By acquiring ATA27, Safran gained global leadership in flight control (ATA27) and actuation.
Global Aviation Actuator System Market: Segmentation
By Actuator Type
- Mechanical Actuator
- Hydraulic Actuator
- Electric Actuator
- Others (Including Piezoelectric Actuator, Pneumatic Actuator, and Electrohydrostatic Actuator)
By Application
- Flight Control
- Auxiliary Control
- Utility Actuation
- Others (Including Weapons Bay Door Drive)
By End Use
- Commercial Aviation
- Defense
By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
Buy this Premium Research Report: https://www.transparencymarketresearch.com/checkout.php?rep_id=51987<ype=S
More Trending Reports by Transparency Market Research –
AI in Aviation Market (航空市場における AI)- The industry was valued at US$ 713.3 Mn in 2022 and it is projected to grow at a CAGR of 37.0% from 2023 to 2031 and reach more than US$ 12.1 Bn by the end of 2031
Sustainable Aviation Fuel Market (Markt für nachhaltigen Flugtreibstoff)- The global industry was valued at US$ 186.6 Mn in 2022 and it is projected to grow at a CAGR of 26.2% from 2023 to 2031 and reach more than US$ 402.0 Bn by the end of 2031
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact:
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Email: [email protected]
Follow Us: LinkedIn| Twitter| Blog | YouTube
