Europe 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)
Market Introduction
The defense and commercial aviation sectors in Europe are inclined toward advanced of aircraft technologies. Germany, the UK, and Russia have a major manufacturing base of aircraft actuators with a large number of aircraft manufacturing companies. Strong economic conditions and initiatives taken by the European governments to ensure flight safety are the major factors propelling the growth of the market in Europe. Countries, such as Russia, France, Germany, and Spain, have a large number of aircraft fleet. Germany and France are major exporters of advanced aircraft technologies; they are leading the growth of the aircraft actuators market in Europe. In addition, other countries in Europe, such as Poland and the Czech Republic, are upgrading their aircraft with advanced aircraft actuators to assure enhanced flight control. In June 2020, Dornier Seawings received the approval from European Aviation Safety Agency and Luftfahrt-Bundesamt for newly developed Seastar amphibious aircraft. This new aircraft has been developed with advanced technologies, such as aileron trim actuators, AMETEK PDS starter generators, rudder trim actuators, and generator control units. Strong technological advancements in aircraft actuators are supporting the market growth in the region. Countries are further strengthening their defense and commercial aircraft with advanced technologies to ensure safety and improved performance. European governments and companies are taking initiatives to develop advanced actuators for aircraft with improved quality and the least cost possible. For instance, in April 2016, Goodrich Actuation Systems SAS, completed the project to develop advanced electro-mechanical actuators (EMA) having improved lifecycle with 54 partners. The ACTUATION2015 project was initiated by the company to develop new actuation solution using EMA technology to meet cost and reliability requirements. Further, aircraft manufacturing companies are expanding their footprint in the European region. For instance, in February 2017, Boeing expanded its presence in the European market with a new production facility in Sheffield, England. The company invested US$ 24.8 million to build in-house manufacturing plant. Actuator manufacturing companies are further strengthening their capabilities with advancements in product offering. For instance, in December 2017, AEM Limited, an actuator manufacturing unit of AMETEK aerospace & defense, developed a new solution for Boeing 737 Next Generation (NG) series aircraft and Boeing 737 Classic aircraft. The new stabilizer trim actuator is developed to enhance flight critical control system for cruise, landing, and take-off operations.
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.
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Market Overview and Dynamics
The aircraft actuators market in Europe is expected to grow from US$ 2146.23 million in 2020 to US$ 3734.08 million by 2027; it is estimated to grow at a CAGR of 8.2% from 2020 to 2027. Advanced Technologies: Plasma Actuators, Electric Aircraft Actuators, and VTOL Actuators. Aircraft actuators industry has evolved from pneumatic actuator systems and hydraulic actuator systems to electric actuator systems. As the aircraft fleet is shifting toward the clean energy source, the adoption of electric energy is on the surge in aviation industry to reduce the emission. Advent of electric aircraft is creating new trend of electric actuators in the market. For instance, in December 2020, Curtiss-Wright company has received the order to provide primary flight control actuation technology for Alice all-electric commuter aircraft. The company is offering commercial-off-the- shelf (COTS) EMA’s design that is a lighter, cost-effective, and reduces the program risk. Further, hydraulic and pneumatic systems are bulkier, which increases the weight and results into increased fuel consumption. Hence, aircraft industry is using lightweight electric actuators to reduce additional fuel consumption caused by heavy systems. This is bolstering the growth of the aircraft actuators market.
Key Market Segments
In terms of System, the Hydraulic Actuators segment accounted for the largest share of the Europe aircraft actuators market in 2019. Further, the Electrical Actuators segment held a larger share of the market based on System in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the aircraft actuators market in Europe 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 Europe 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 Europe aircraft actuators market
- Efficiently plan M&A and partnership deals in Europe 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 Europe aircraft actuators market
- Obtain market revenue forecast for market by various segments from 2020-2027 in Europe region.
EUROPE AIRCRAFT ACTUATORS MARKET SEGMENTATION
By Type
- Linear
- Rotary
By System
- Hydraulic Actuators
- Electrical Actuators
- Mechanical Actuators
- Pneumatic Actuators
By End User
- Commercial Aircraft
- Military Aircraft
By Country
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
By 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. Europe 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. Europe Aircraft Actuators Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Use of Electrotechnical Actuators
5.1.2 Emphasis Aircraft Order and Delivery Volumes
5.2 Market Restraints
5.2.1 Boeing’s Problem from B737 Max and Abandon of A380 Program
5.3 Market Opportunities
5.3.1 Increasing Demand for Narrow-body and Small Aircraft
5.4 Future Trends
5.4.1 Advanced Technologies: Plasma Actuators, Electric Aircraft Actuators, and VTOL Actuators
5.5 Impact Analysis of Drivers and Restraints
6. Aircraft Actuators – Europe Market Analysis
6.1 Overview
6.2 Europe Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)
7. Europe Aircraft Actuators Market Analysis – By Type
7.1 Overview
7.2 Europe Aircraft Actuators Market, By Type (2019 and 2027)
7.3 Linear
7.3.1 Overview
7.3.2 Linear: Europe Aircraft Actuators Market –Revenue and Forecast to 2027 (US$ Million)
7.4 Rotary
7.4.1 Overview
7.4.2 Rotary: Europe Aircraft Actuators Market –Revenue and Forecast to 2027 (US$ Million)
8. Europe Aircraft Actuators Market Analysis – By System
8.1 Overview
8.2 Europe Aircraft Actuators Market, By System (2019 and 2027)
8.3 Hydraulic Actuators
8.3.1 Overview
8.3.2 Hydraulic Actuators: Europe Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Electrical Actuators
8.4.1 Overview
8.4.2 Electrical Actuators: Europe Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)
8.5 Mechanical Actuators
8.5.1 Overview
8.5.2 Mechanical Actuators: Europe Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)
8.6 Pneumatic Actuators
8.6.1 Overview
8.6.2 Pneumatic Actuators: Europe Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)
9. Europe Aircraft Actuators Market Analysis – By End User
9.1 Overview
9.2 Europe Aircraft Actuators Market, By End User (2019 and 2027)
9.3 Commercial Aircraft
9.3.1 Overview
9.3.2 Commercial Aircraft: Europe Aircraft Actuators Market –Revenue and Forecast to 2027 (US$ Million)
9.4 Military Aircraft
9.4.1 Overview
9.4.2 Military Aircraft: Europe Aircraft Actuators Market –Revenue and Forecast to 2027 (US$ Million)
10. Europe Aircraft Actuators Market – Country Analysis
10.1 Overview
10.1.1 Europe: Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)
10.1.2 Europe: Aircraft Actuators Market, By Country
10.1.2.1 Germany: Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)
10.1.2.1.1 Germany: Aircraft Actuators Market, By Type
10.1.2.1.2 Germany: Aircraft Actuators Market, By System
10.1.2.1.3 Germany: Aircraft Actuators Market, By End User
10.1.2.2 France: Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)
10.1.2.2.1 France: Aircraft Actuators Market, By Type
10.1.2.2.2 France: Aircraft Actuators Market, By System
10.1.2.2.3 France: Aircraft Actuators Market, By End User
10.1.2.3 Italy: Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)
10.1.2.3.1 Italy: Aircraft Actuators Market, By Type
10.1.2.3.2 Italy: Aircraft Actuators Market, By System
10.1.2.3.3 Italy: Aircraft Actuators Market, By End User
10.1.2.4 UK: Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)
10.1.2.4.1 UK: Aircraft Actuators Market, By Type
10.1.2.4.2 UK: Aircraft Actuators Market, By System
10.1.2.4.3 UK: Aircraft Actuators Market, By End User
10.1.2.5 Russia: Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)
10.1.2.5.1 Russia: Aircraft Actuators Market, By Type
10.1.2.5.2 Russia: Aircraft Actuators Market, By System
10.1.2.5.3 Russia: Aircraft Actuators Market, By End User
10.1.2.6 Rest of Europe: Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)
10.1.2.6.1 Rest of Europe: Aircraft Actuators Market, By Type
10.1.2.6.2 Rest of Europe: Aircraft Actuators Market, By System
10.1.2.6.3 Rest of Europe: Aircraft Actuators Market, By End User
11. Europe Aircraft Actuators Market - COVID-19 Impact Analysis
11.1.1 Europe: 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
13.7 Parker-Hannifin Corporation
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 TransDigm Group Incorporated
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 Woodward, Inc.
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
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. Europe Aircraft Actuators Market – Revenue, and Forecast to 2027 (US$ Million)
Table 4. Germany Aircraft Actuators Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 5. Germany Aircraft Actuators Market, By System– Revenue and Forecast to 2027 (US$ Million)
Table 6. Germany Aircraft Actuators Market, By End User – Revenue and Forecast to 2027 (US$ Million)
Table 7. France Aircraft Actuators Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 8. France Aircraft Actuators Market, By System– Revenue and Forecast to 2027 (US$ Million)
Table 9. France Aircraft Actuators Market, By End User – Revenue and Forecast to 2027 (US$ Million)
Table 10. Italy Aircraft Actuators Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 11. Italy Aircraft Actuators Market, By System– Revenue and Forecast to 2027 (US$ Million)
Table 12. Italy Aircraft Actuators Market, By End User – Revenue and Forecast to 2027 (US$ Million)
Table 13. UK Aircraft Actuators Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 14. UK Aircraft Actuators Market, By System– Revenue and Forecast to 2027 (US$ Million)
Table 15. UK Aircraft Actuators Market, By End User – Revenue and Forecast to 2027 (US$ Million)
Table 16. Russia Aircraft Actuators Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 17. Russia Aircraft Actuators Market, By System – Revenue and Forecast to 2027 (US$ Million)
Table 18. Russia Aircraft Actuators Market, By End User – Revenue and Forecast to 2027 (US$ Million)
Table 19. Rest of Europe Aircraft Actuators Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 20. Rest of Europe Aircraft Actuators Market, By System– Revenue and Forecast to 2027 (US$ Million)
Table 21. Rest of Europe Aircraft Actuators Market, By End User – Revenue and Forecast to 2027 (US$ Million)
Table 22. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Aircraft Actuators Market Segmentation
Figure 2. Europe Aircraft Actuators Market Segmentation – By Country
Figure 3. Europe Aircraft Actuators Market Overview
Figure 4. Europe Aircraft Actuators Market, by Country
Figure 5. Europe Aircraft Actuators Market, By Type
Figure 6. Europe Aircraft Actuators Market, By Systems
Figure 7. Porter’s Five Forces Analysis
Figure 8. Aircraft Actuators Market: Ecosystem Analysis
Figure 9. Europe Aircraft Actuators Market: Impact Analysis of Drivers and Restraints
Figure 10. Europe Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)
Figure 11. Europe Aircraft Actuators Market Revenue Share, by Type (2019 and 2027)
Figure 12. Linear: Europe Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)
Figure 13. Rotary: Europe Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)
Figure 14. Europe Aircraft Actuators Market Revenue Share, by System (2019 and 2027)
Figure 15. Hydraulic Actuators: Europe Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)
Figure 16. Electrical Actuators: Europe Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)
Figure 17. Mechanical Actuators: Europe Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)
Figure 18. Pneumatic Actuators: Europe Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)
Figure 19. Europe Aircraft Actuators Market Revenue Share, by End User (2019 and 2027)
Figure 20. Commercial Aircraft: Europe Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. Military Aircraft: Europe Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)
a. Europe: Aircraft Actuators Market – Revenue by Country to 2027 (US$ Million)
Figure 22. Europe: Aircraft Actuators Market Revenue Share, By Country (2019 and 2027)
Figure 23. Germany: Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)
Figure 24. France: Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)
Figure 25. Italy: Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)
Figure 26. UK: Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)
Figure 27. Russia: Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)
Figure 28. Rest of Europe: Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)
Figure 29. Impact of COVID-19 Pandemic in Europe Country Markets
- 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
- To understand the Europe 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 Europe aircraft actuators market
- Efficiently plan M&A and partnership deals in Europe 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 Europe aircraft actuators market
- Obtain market revenue forecast for market by various segments from 2020-2027 in Europe region.