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Asia-Pacific 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)

Code: TIPRE00022769 | Pages: 96 | Industry: Automotive and Transportation | Date: Jun 2021
Covid
Market IntroductionSwift advancements in technologies, various initiatives by governments, and rise in number of airlines and aircraft fleet are among the factors propelling the overall economy of the region, driving it from a developing to developed phase. APAC is estimated to register the fastest CAGR in the APAC aircraft actuators market during the forecast period. This can be attributed to factors such as increase in investments in the commercial aircraft sector, rise in number of new aircraft, and replacement of the existing aircraft with new aircraft equipped with advanced technology. APAC has a strong import of advanced commercial aircraft over the past few years owing to the rising number of domestic and international flights. Increased international and domestic travelers from countries, such as India, China, Japan, and Taiwan are creating demand for additional flights. The aircraft count in the region is rising, which, in turn, is mounting the demand for advanced aircraft actuators. For instance, in December 2020, AirAsia India expanded their aircraft fleet with three new A320 neo planes. The company is further increasing its fleet by purchasing two more A320 neo planes by 2021. Further, according to the Boeing aviation market forecast, APAC countries would require 16,930 more airplanes by 2037 to accommodate increasing number of travelers. The growth in air traffic passengers is generating demand for higher aircraft fleet in the region, which is reflecting higher procurement rate of actuation systems among the aircraft OEM. This factor is catalyzing the aircraft actuators market. The region is expected to account for ~40% of future airline production to suffice the aircraft demand. The International Air Transport Association (IATA) also predicted that around 2.1 billion travelers are expected to travel by 2036, particularly from China. Rising count of passengers would create the need for additional aircraft, thereby providing opportunity for the market. With increasing number of aircraft, the demand for aircraft actuator would soar during the forecast period. Further, rising investments by private companies and governments are bolstering the market growth. For instance, in July 2018, MRJ, a unit of Mitsubishi Aircraft Company, announced a new plan for increasing the production of aircraft in Japan to lead the nation in the aerospace industry and reduce the dependency on other companies, such as Boing and Airbus. Similarly, the Government of India initiated “Make in India” campaign, under which certain policies and regulations are introduced to support Indian Defence Industrial Base to grow. Within a year, around 500 start-ups have begun to manufacture and provide service in defense and aerospace area. Further, the Tamil Nadu state government announced the investment of US$ 15 billion in the aerospace and defense sectors. Therefore, increasing number of aircraft, airlines, and passengers is the key factor driving the demand for aircraft actuators in APAC. The COVID-19 outbreak has resulted in a massive financial loss in the APAC region. The governments in Asia Pacific countries are taking possible steps to reduce its effects by announcing lockdown, which is negatively affecting the aircraft manufacturing sector. China is one of the leading aerospace manufacturing countries in the region and has been one of APAC's most affected countries during Q1 and Q2. Due to this, the manufacturing facilities have been witnessing severe conditions in aircraft and aircraft component manufacturing facilities. The Airbus and Boeing manufacturing facilities in China were shut down for a longer period, which resulted in substantial lesser demand for various components and systems including actuators. Similarly, China’s indigenous aircraft manufacturer COMAC also halted its production of C919 during Q1, which resulted in negatively in aircraft actuators market. India, Japan, and South Korea are still combating the virus. However, the countries have eased the lockdown measures, which is reflecting the restart of manufacturing facilities. Nonetheless, the remarkable lower volumes of air travel passengers have slowed down the demand for various components among the OEMs regionally and internationally. This has been negatively affecting the aircraft actuators market.Market Overview and DynamicsThe aircraft actuators market in APAC is expected to grow from US$ 1503.11 million in 2020 to US$ 2423.60 million by 2027; it is estimated to grow at a CAGR of 7.1% from 2020 to 2027. Boom in Use of Electrotechnical Actuators. Aircraft flight control systems are shifting from bulky, heavy, and leaky hydraulic systems to an electric autonomous system. The advancements in electro-mechanical (EM) actuator, such as reliability, compact nature, light weight, and cost-efficiency, are mounting its adoption in aircraft. Commercial and military aircraft fleets are looking for advanced system, which are lighter in weight to enhance fuel efficiency. Actuators in aircraft are used in the functionality of landing gear, slats and spoilers, seats, flaps, positioning engine inlet guide vanes, rudder, ailerons, and opening and closing cargo or weapon bay doors, among others. Since, the aircraft OEMs are increasingly emphasizing on lightweight aircraft models, the electromechanical actuators are attracting the OEMs in the current scenario, which is catalyzing the aircraft actuators market. Another reason for the increasing adoption of electromechanical actuators is the paradigm shift of aerospace industry toward electric aircraft, which is obsoleting the hydraulic, pneumatic, and mechanical systems and are increasing the adoption of electric actuation systems. This trend is generating substantial demand for the electrical actuators, which is ultimately boosting the aircraft actuators market. This is bolstering the growth of the aircraft actuators market. Key Market SegmentsIn terms of end user, the Commercial Aircraft segment accounted for the largest share of the APAC aircraft actuators market in 2019. Further, the Commercial Aircraft segment held a larger share of the market based on end user in 2019. Major Sources and Companies ListedA few major primary and secondary sources referred to for preparing this report on the aircraft actuators market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are 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.Reasons to buy report• To understand the APAC aircraft actuators market landscape and identify market segments that are most likely to guarantee a strong return• Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC aircraft actuators market• Efficiently plan M&A and partnership deals in APAC aircraft actuators market by identifying market segments with the most promising probable sales • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment APAC aircraft actuators market • Obtain market revenue forecast for market by various segments from 2020-2027 in APAC region.APAC AIRCRAFT ACTUATORS MARKET SEGMENTATIONBy Type• Linear• RotaryBy System • Hydraulic Actuators• Electrical Actuators• Mechanical Actuators• Pneumatic ActuatorsBy End User• Commercial Aircraft• Military AircraftBy Country• Australia• China• India• Japan• South Korea• Rest of APACBy Companies • Collins Aerospace, a Raytheon Technologies Company• Curtiss-Wright Corporation• Eaton Corporation plc• Honeywell International Inc• Meggitt PLC• Moog Inc.• Parker-Hannifin Corporation• TransDigm Group Incorporated• Woodward, Inc

1.            Introduction

1.1       Study Scope

1.2       The Insight Partners Research Report Guidance

1.3       Market Segmentation

2.            Key Takeaways

3.            Research Methodology

3.1       Coverage

3.2       Secondary Research

3.3       Primary Research

4.            APAC Aircraft Actuators Market Landscape

4.1       Market Overview

4.2       Porter’s Five Forces Analysis

4.2.1        Bargaining Power of Buyers

4.2.2        Bargaining Power of Suppliers

4.2.3        Threat to New Entrants

4.2.4        Threat to Substitutes

4.2.5        Competitive Rivalry

4.3       Ecosystem Analysis

5.            APAC Aircraft Actuators Market – Key Market Dynamics

5.1       Market Drivers

5.1.1        Boom in Use of Electrotechnical Actuators

5.1.2        Focus Aircraft Order and Delivery Volumes

5.2       Market Restraints

5.2.1        Boeing’s difficulty from B737 Max and interrupt of A380 Program

5.3       Market Opportunities

5.3.1        Increment in Demand for Narrow-body and Small Aircraft

5.4       Future Trends

5.4.1        Futuristics Technologies: Plasma Actuators, Electric Aircraft Actuators, and VTOL Actuators

5.5       Impact Analysis of Drivers and Restraints

6.            Aircraft Actuators – APAC Market Analysis

6.1       Overview

6.2       APAC Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)

7.            APAC Aircraft Actuators Market Analysis – By Type

7.1       Overview

7.2       APAC Aircraft Actuators Market, By Type (2019 and 2027)

7.3       Linear

7.3.1        Overview

7.3.2        Linear: APAC Aircraft Actuators Market –Revenue and Forecast to 2027 (US$ Million)

7.4       Rotary

7.4.1        Overview

7.4.2        Rotary: APAC Aircraft Actuators Market –Revenue and Forecast to 2027 (US$ Million)

8.            APAC Aircraft Actuators Market Analysis – By System

8.1       Overview

8.2       APAC Aircraft Actuators Market, By System (2019 and 2027)

8.3       Hydraulic Actuators

8.3.1        Overview

8.3.2        Hydraulic Actuators: APAC Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)

8.4       Electrical Actuators

8.4.1        Overview

8.4.2        Electrical Actuators: APAC Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)

8.5       Mechanical Actuators

8.5.1        Overview

8.5.2        Mechanical Actuators: APAC Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)

8.6       Pneumatic Actuators

8.6.1        Overview

8.6.2        Pneumatic Actuators: APAC Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)

9.            APAC Aircraft Actuators Market Analysis – By End User

9.1       Overview

9.2       APAC Aircraft Actuators Market, By End User (2019 and 2027)

9.3       Commercial Aircraft

9.3.1        Overview

9.3.2        Commercial Aircraft: APAC Aircraft Actuators Market –Revenue and Forecast to 2027 (US$ Million)

9.4       Military Aircraft

9.4.1        Overview

9.4.2        Military Aircraft: APAC Aircraft Actuators Market –Revenue and Forecast to 2027 (US$ Million)

10.         APAC Aircraft Actuators Market – Country Analysis

10.1    Overview

10.1.1     APAC: Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)

10.1.2     APAC: Aircraft Actuators Market, By Country

10.1.2.1   China: Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)

10.1.2.1.1    China: Aircraft Actuators Market, By Type

10.1.2.1.2    China: Aircraft Actuators Market, By System

10.1.2.1.3    China: Aircraft Actuators Market, By End User

10.1.2.2   India: Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)

10.1.2.2.1    India: Aircraft Actuators Market, By Type

10.1.2.2.2    India: Aircraft Actuators Market, By System

10.1.2.2.3    India: Aircraft Actuators Market, By End User

10.1.2.3   Japan: Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)

10.1.2.3.1    Japan: Aircraft Actuators Market, By Type

10.1.2.3.2    Japan: Aircraft Actuators Market, By System

10.1.2.3.3    Japan: Aircraft Actuators Market, By End User

10.1.2.4   South Korea: Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)

10.1.2.4.1    South Korea: Aircraft Actuators Market, By Type

10.1.2.4.2    South Korea: Aircraft Actuators Market, By System

10.1.2.4.3    South Korea: Aircraft Actuators Market, By End User

10.1.2.5   Australia: Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)

10.1.2.5.1    Australia: Aircraft Actuators Market, By Type

10.1.2.5.2    Australia: Aircraft Actuators Market, By System

10.1.2.5.3    Australia: Aircraft Actuators Market, By End User

10.1.2.6   Rest of APAC: Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)

10.1.2.6.1    Rest of APAC: Aircraft Actuators Market, By Type

10.1.2.6.2    Rest of APAC: Aircraft Actuators Market, By System

10.1.2.6.3    Rest of APAC: Aircraft Actuators Market, By End User

11.         APAC Aircraft Actuators Market - COVID-19 Impact Analysis

11.1.1     Asia-Pacific: Impact Assessment of COVID-19 Pandemic

12.         Industry Landscape

12.1    Overview

12.2    Market Initiative

12.3    New Product Development

12.4    Merger and Acquisition

13.         COMPANY PROFILES

13.1    Collins Aerospace, a Raytheon Technologies Company

13.1.1     Key Facts

13.1.2     Business Description

13.1.3     Products and Services

13.1.4     Financial Overview

13.1.5     SWOT Analysis

13.1.6     Key Developments

13.2    Curtiss-Wright Corporation

13.2.1     Key Facts

13.2.2     Business Description

13.2.3     Products and Services

13.2.4     Financial Overview

13.2.5     SWOT Analysis

13.2.6     Key Developments

13.3    Eaton Corporation plc

13.3.1     Key Facts

13.3.2     Business Description

13.3.3     Products and Services

13.3.4     Financial Overview

13.3.5     SWOT Analysis

13.3.6     Key Developments

13.4    Honeywell International Inc.

13.4.1     Key Facts

13.4.2     Business Description

13.4.3     Products and Services

13.4.4     Financial Overview

13.4.5     SWOT Analysis

13.4.6     Key Developments

13.5    Meggitt PLC

13.5.1     Key Facts

13.5.2     Business Description

13.5.3     Products and Services

13.5.4     Financial Overview

13.5.5     SWOT Analysis

13.5.6     Key Developments

13.6    Moog Inc.

13.6.1     Key Facts

13.6.2     Business Description

13.6.3     Products and Services

13.6.4     Financial Overview

13.6.5     SWOT Analysis

13.6.6     Key Developments

13.8    Parker-Hannifin Corporation

13.8.1     Key Facts

13.8.2     Business Description

13.8.3     Products and Services

13.8.4     Financial Overview

13.8.5     SWOT Analysis

13.8.6     Key Developments

13.9    TransDigm Group Incorporated

13.9.1     Key Facts

13.9.2     Business Description

13.9.3     Products and Services

13.9.4     Financial Overview

13.9.5     SWOT Analysis

13.9.6     Key Developments

13.10 Woodward, Inc.

13.10.1   Key Facts

13.10.2   Business Description

13.10.3   Products and Services

13.10.4   Financial Overview

13.10.5   SWOT Analysis

13.10.6   Key Developments

14.         Appendix

14.1    About The Insight Partners

14.2    Word Index


LIST OF TABLES

Table 1.            Aircraft Orders and Deliveries, by Boeing and Airbus, 2018 and 2019

Table 2.            NEW DELIVERIES 2019-2038

Table 3.            APAC Aircraft Actuators Market – Revenue, and Forecast to 2027 (US$ Million)

Table 4.            China Aircraft Actuators Market, By Type– Revenue and Forecast to 2027 (US$ Million)

Table 5.            China Aircraft Actuators Market, By System – Revenue and Forecast to 2027 (US$ Million)

Table 6.            China Aircraft Actuators Market, By End User – Revenue and Forecast to 2027 (US$ Million)

Table 7.            India Aircraft Actuators Market, By Type– Revenue and Forecast to 2027 (US$ Million)

Table 8.            India Aircraft Actuators Market, By System– Revenue and Forecast to 2027 (US$ Million)

Table 9.            India Aircraft Actuators Market, By End User – Revenue and Forecast to 2027 (US$ Million)

Table 10.          Japan Aircraft Actuators Market, By Type– Revenue and Forecast to 2027 (US$ Million)

Table 11.          Japan Aircraft Actuators Market, By System– Revenue and Forecast to 2027 (US$ Million)

Table 12.          Japan Aircraft Actuators Market, By End User – Revenue and Forecast to 2027 (US$ Million)

Table 13.          South Korea Aircraft Actuators Market, By Type– Revenue and Forecast to 2027 (US$ Million)

Table 14.          South Korea Aircraft Actuators Market, By System– Revenue and Forecast to 2027 (US$ Million)

Table 15.          South Korea Aircraft Actuators Market, By End User – Revenue and Forecast to 2027 (US$ Million)

Table 16.          Australia Aircraft Actuators Market, By Type– Revenue and Forecast to 2027 (US$ Million)

Table 17.          Australia Aircraft Actuators Market, By System– Revenue and Forecast to 2027 (US$ Million)

Table 18.          Australia Aircraft Actuators Market, By End User – Revenue and Forecast to 2027 (US$ Million)

Table 19.          Rest of APAC Aircraft Actuators Market, By Type– Revenue and Forecast to 2027 (US$ Million)

Table 20.          Rest of APAC Aircraft Actuators Market, By System– Revenue and Forecast to 2027 (US$ Million)

Table 21.          Rest of APAC Aircraft Actuators Market, By End User – Revenue and Forecast to 2027 (US$ Million)

Table 22.          List of Abbreviation

LIST OF FIGURES

Figure 1.           APAC Aircraft Actuators Market Segmentation

Figure 2.           APAC Aircraft Actuators Market Segmentation – By Country

Figure 3.           APAC Aircraft Actuators Market Overview

Figure 4.           APAC Aircraft Actuators Market, by Country

Figure 5.           APAC Aircraft Actuators Market, By Type

Figure 6.           APAC Aircraft Actuators Market, By Systems

Figure 7.           Porter’s Five Forces Analysis

Figure 8.           APAC Aircraft Actuators Market: Ecosystem Analysis

Figure 9.           APAC Aircraft Actuators Market: Impact Analysis of Drivers and Restraints

Figure 10.        APAC Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)

Figure 11.        APAC Aircraft Actuators Market Revenue Share, by Type (2019 and 2027)

Figure 12.        Linear: APAC Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)

Figure 13.        Rotary: APAC Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)

Figure 14.        APAC Aircraft Actuators Market Revenue Share, by System (2019 and 2027)

Figure 15.        Hydraulic Actuators: APAC Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)

Figure 16.        Electrical Actuators: APAC Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)

Figure 17.        Mechanical Actuators: APAC Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)

Figure 18.        Pneumatic Actuators: APAC Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)

Figure 19.        APAC Aircraft Actuators Market Revenue Share, by End User (2019 and 2027)

Figure 20.        Commercial Aircraft: APAC Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)

Figure 21.        Military Aircraft: APAC Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)

Figure 23.        APAC: Aircraft Actuators Market – Revenue by Country to 2027 (US$ Million)

Figure 24.        APAC: Aircraft Actuators Market Revenue Share, By Country (2019 and 2027)

Figure 25.        China: Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)

Figure 26.        India: Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)

Figure 27.        Japan: Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)

Figure 28.        South Korea: Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)

Figure 29.        Australia: Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)

Figure 30.        Rest of APAC: Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)

Figure 31.        Impact of COVID-19 Pandemic in Asia Pacific Country Markets

 

  1. Collins Aerospace, a Raytheon Technologies Company
  2. Curtiss-Wright Corporation
  3. Eaton Corporation plc
  4. Honeywell International Inc
  5. Meggitt PLC
  6. Moog Inc.
  7. Parker-Hannifin Corporation
  8. TransDigm Group Incorporated
  9. Woodward, Inc
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC Aircraft Actuators Market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the APAC Aircraft Actuators Market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the Aircraft Actuators Market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

 


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