Report : North America Aircraft Actuators Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type (Linear and Rotary), System (Hydraulic Actuators, Electrical Actuators, Mechanical Actuators, and Pneumatic Actuators), and End User (Commercial Aircraft and Military Aircraft)
Linear Segment to Dominate North America Aircraft Actuators Market during 2019–2027
According to a new market research study on “North America Aircraft Actuators Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Type, System, and End User,” is expected to reach US$ 4303.50 million by 2027 from US$ 2872.44 million in 2020. The market is estimated to grow at a CAGR of 5.9% from 2020 to 2027. The report provides trends prevailing in the North America aircraft actuators market along with the drivers and restraints pertaining to the market growth. Increasing Use of Electrotechnical Actuators are the major factor driving the growth of the North America aircraft actuators market. However, Boeing’s Setback from B737 Max and Discontinuation of A380 Program hinder the growth of North America aircraft actuators market.
The US is the worst-hit country in North America, with thousands of infected individuals facing severe health conditions across the country. The continuous growth of infected individuals has led the government to impose lockdown across the nation's borders during Q2 and Q3. The majority of the manufacturing plants either were temporarily shut or operated with minimum staff; the aircraft OEMs and aircraft components and associated product manufacturers witnessed disruption in supply chain; these are some of the North American countries' critical issues.Since the US has a larger density of aircraft manufacturers and aircraft associated technology and system manufacturers, followed by Canada and Mexico. The outbreak of the virus has severely affected the production of each. The lower number of manufacturing staff has resulted in lesser production quantity. From the aircraft OEM’s perspective, Boeing, the aviation giant in the region, has witnessed a significant fall in orders and production, which is one of the key restraining factors for the aircraft actuators market. Apart from Boeing, several other aircraft OEMs such as Bombardier, Textron, and Gulfstream, among others, also experienced tremors of COVID – 19 on their orders and production lines. From the supply side, the region has higher numbers of aircraft actuators market players. The restricted workforce, disruption in the supply chain, and limited volumes of orders have sternly shaken the aircraft actuators market players in the region.Due to COVID-19 pandemic impact, in September 2020, Airbus and Boeing delivered 57 commercial jets as compared to 71 deliveries, respectively, in the same month last year. In 2020, Boeing delivered 98, as compared to 204 shipments in the last year. The North American, aircraft manufacturing has been shattered by the momentary shutdown of aviation industry, which has been reflecting severely less demand for various types of systems and technologies including actuation system. Owing to this, the aircraft actuators market players have been witnessing noteworthy less demand; however, as the unlock measures started and airlines resumed their operations, the procurement rate of aircraft actuators begun to up rise at a slow pace.
The North America 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 North America 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.; Nook Industries, Inc; Parker-Hannifin Corporation; TransDigm Group Incorporated; Woodward, Inc are among the leading companies in the North America 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 2019, Emerson Moog Inc. had launched a new common electro-hydrostatic actuator (CEHA). The CEHA consists of benefits of both hydraulic and EM actuators. The CEHA actuator family is modular with many common parts between them, specifically the Electro Hydrostatic Power Unit (EHPU), which contains the hydraulic pump, EM motor, and hydraulic fluid reservoir.
The report segments the North America Aircraft Actuators Market as follows:
North America Aircraft Actuators Market – By Type
North America Aircraft Actuators Market – By System
- Hydraulic Actuators
- Electrical Actuators
- Mechanical Actuators
- Pneumatic Actuators
North America Aircraft Actuators Market – By End User
- Commercial Aircraft
- Military Aircraft
North America Aircraft Actuators Market – By Country
Contact Person: Sameer Joshi
Email Id: email@example.com