Hydraulic Actuators Segment to Dominate Europe Aircraft Actuators Market during 2019–2027

According to a new market research study on “Europe Aircraft Actuators Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Type, System, and End User,” is expected to reach US$ 3734.08 million by 2027 from US$ 2146.23 million in 2020. The market is estimated to grow at a CAGR of 8.2% from 2020 to 2027. The report provides trends prevailing in the Europe aircraft actuators market along with the drivers and restraints pertaining to the market growth. Emphasis Aircraft Order and Delivery Volumes are the major factor driving the growth of the Europe aircraft actuators market. However, Boeing’s Problem from B737 Max and Abandon of A380 Program hinder the growth of Europe aircraft actuators market.

In Europe, several countries have been experiencing a continuous surge in the number of infected individuals. The European aviation industry is composed of aircraft OEMs, component suppliers, and airlines manufacturer. The outbreak of the COVID – 19 viruses has affected each aviation business stakeholders' business in the region. Several airlines in the region have postponed the pending aircraft fleet's procurement dates to manage their current operational costs during COVID times and post-COVID times. This has led the aircraft OEMs and component suppliers to suffer economic loss. This factor has had a negative result on the European and international aircraft actuators market players. Airbus, the leading and forerunner in Europe's aircraft production volume, delivered only 341 aircraft during January to September 2020 compared to 571 aircraft during the period from January to September 2019. Apart from Airbus, other aircraft OEMs such as Dassault Aviation, Leonardo, Sukhoi, Tupolev, and Ilyushin, among others also faced severe challenge in delivering substantial number of aircraft models to respective customers. This affected the growth aircraft actuators market as the demand for actuators declined among the European aircraft manufacturers mentioned above. France, Italy, the UK, and Russia, are among the key countries that have higher number of aircraft manufacturers as well as the worst-hit countries. The severe accentuation in spread of virus has harshly affected the regions aviation stakeholders.

The Europe aircraft actuators market is segmented based on type, system, end user, and country. Based on type, the market is segmented into linear and rotary. In 2019, the linear segment held the largest share Europe aircraft actuators market. Based on system, the market is segmented into hydraulic actuators, electrical actuators, mechanical actuators, and pneumatic actuators. Electrical Actuators is expected to the fastest growing segment over the forecast period.  Based on end user, the market is segmented into commercial aircraft and military aircraft. The Commercial Aircraft segment contributed a substantial share in 2019.

Collins Aerospace; Raytheon Technologies Company; Curtiss-Wright Corporation; Eaton Corporation plc, Honeywell International Inc; Meggitt PLC, Moog Inc.; Parker-Hannifin Corporation; TransDigm Group Incorporated; Woodward, Inc are among the leading companies in the Europe aircraft actuators market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Collins Aerospace Systems was awarded a contract by BAE Systems to provide advanced actuation capabilities, including the UK’s tempest next-generation combat air system project. Collins Aerospace would support the program from its actuation systems facility located in Wolverhampton, UK.

The report segments the Europe Aircraft Actuators Market as follows:

Europe Aircraft Actuators Market – By Type

• Linear
• Rotary

Europe Aircraft Actuators Market – By System

• Hydraulic Actuators
• Electrical Actuators
• Mechanical Actuators
• Pneumatic Actuators

Europe Aircraft Actuators Market – By End User

• Commercial Aircraft
• Military Aircraft

Europe Aircraft Actuators Market – By Country

• France
• Germany
• Italy
• UK
• Russia
• Rest of Europe