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)

TIPRE00022766 | Pages: 93 | Aerospace and Defense | Jun 2021 | Type: Regional | Status: Published

Market Introduction

North America heavily invests in commercial and defense sectors to address the increasing demand for aircraft fleet for international travel as well as strengthening the defense. Additionally, as North America attracts numerous technological developments, the aircraft actuators market is growing rapidly in the region. With increasing number of aircraft in military and commercial sectors, the demand for aircraft actuators is also rising to ensure improved performance of flight control systems. The majority of the countries in the region are adopting advanced technologies to improve aircraft efficiency during undesirable environmental conditions. North America has a presence of leading aircraft actuator manufacturing companies and service providers, leading to strong competition in the market. Rising competition in the region has encouraged market players to provide integration of advanced systems—such as electro-mechanical, hydraulic, and electro-hydraulic actuators—through continuous development at competitive pricing. The aviation industry is enhancing aircraft actuators to improve flight control systems. For instance, in January 2021, Curtiss-Wright started the assembly of flight control system actuators developed for all-electric commuter aircraft program of Eviation Aircraft. The company is producing new flight control system actuators at its facility in Shelby, North Carolina to support the electric revolution in the aviation industry. Also, companies are developing a wide range of actuators to support new actuation systems. For instance, in July 2020, Collins Aerospace Systems, a US-based company, developed a new actuation system such as elevons actuation system, a moveable leading edge actuation system, rudder actuation system, and a horizontal stabilizer actuation system for Aerion, a supersonic aircraft company. These all-actuation systems are equipped with advanced actuators developed to support new AS2 supersonic business jets. According to the Air Transport Action Group, North America region held around 850 commercial airports with almost 1 billion passengers in 2018. Aviation industry in the region is well matured and it is creating more demand for aircraft. This, in turn, is supporting the growth of the aircraft actuators market. Small aircraft and business jets are mounting the demand for aircraft actuators. Also, companies are adopting acquisition strategies to enhance the actuator product portfolio for the market to attract potential customers. For instance, in July 2018, Héroux-Devtek Inc., a manufacturer of aerospace products, acquired the all the shares of Beaver Aerospace & Defense Inc. for US$ 23.5 million. Through this, the company extended its existing aerospace and product offerings, such as actuation systems and ball screws

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.

 

 

 

 

 

 

 


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Market Overview and Dynamics

The aircraft actuators market in North America is expected to grow US$ 2872.44 million in 2020 to US$ 4303.50 million by 2027; it is estimated to grow at a CAGR of 5.9% from 2020 to 2027. Rising Demand for Narrow-body and Small Aircraft The aviation industry is witnessing a demand for narrow body and small aircraft having range up to 3,000nm from the developing economies and developed nations. Lightweight design and fuel efficiency are the prominent factors driving the demand for narrow body and small aircraft. To develop such aircraft, manufacturers are procuring a significant number of electromechanical actuators, which are lighter and smaller. As electromechanical actuators do not have any leakages of oil or air, it reduces the maintenance cost. The inclination of airlines toward long-range narrow body is on an upward trend as the majority of the commercial aviation sector players are eyeing on lowering the operational cost and increasing the fleet size. The delivery volumes of narrow-body aircraft fleet—such as Airbus A320 series and Boeing B737 series—were 626 and 580 in 2018, and 642 and 127 in 2019.This is bolstering the growth of the aircraft actuators market.

 

Key Market Segments

In terms of type, the Linear segment accounted for the largest share of the North America aircraft actuators market in 2019. In terms of type, the Linear segment held a larger market share of the 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 Listed

A few major primary and secondary sources referred to for preparing this report on the aircraft actuators market in North America 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.; Nook Industries, Inc; Parker-Hannifin Corporation; TransDigm Group Incorporated; Woodward, Inc.

Reasons to buy report

  • To understand the North America 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 North America aircraft actuators market
  • Efficiently plan M&A and partnership deals in North America 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 North America aircraft actuators market
  • Obtain market revenue forecast for market by various segments from 2020-2027 in North America region.

 

NORTH AMERICA 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

  • US
  • Canada
  • Mexico  

 

By Companies

  • Collins Aerospace, a 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
 

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.             North America 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.             North America Aircraft Actuators Market – Key Market Dynamics

5.1       Market Drivers

5.1.1        Increasing Use of Electrotechnical Actuators

5.1.2        Accentuating Aircraft Order and Delivery Volumes

5.2       Market Restraints

5.2.1        Boeing’s Setback from B737 Max and Discontinuation of A380 Program

5.3       Market Opportunities

5.3.1        Rising Demand for Narrow-body and Small Aircraft

5.4       Future Trends

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

5.5       Impact Analysis of Drivers and Restraints

6.             Aircraft Actuators – North America Market Analysis

6.1       Overview

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

7.             North America Aircraft Actuators Market Analysis – By Type

7.1       Overview

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

7.3       Linear

7.3.1        Overview

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

7.4       Rotary

7.4.1        Overview

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

8.             North America Aircraft Actuators Market Analysis – By System

8.1       Overview

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

8.3       Hydraulic Actuators

8.3.1        Overview

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

8.4       Electrical Actuators

8.4.1        Overview

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

8.5       Mechanical Actuators

8.5.1        Overview

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

8.6       Pneumatic Actuators

8.6.1        Overview

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

9.             North America Aircraft Actuators Market Analysis – By End User

9.1       Overview

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

9.3       Commercial Aircraft

9.3.1        Overview

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

9.4       Military Aircraft

9.4.1        Overview

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

10.          North America Aircraft Actuators Market – Country Analysis

10.1    Overview

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

10.1.2     North America: Aircraft Actuators Market, By Country

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

10.1.2.1.1    US: Aircraft Actuators Market, By Type

10.1.2.1.2    US: Aircraft Actuators Market, By System

10.1.2.1.3    US: Aircraft Actuators Market, By End User

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

10.1.2.2.1    Canada: Aircraft Actuators Market, By Type

10.1.2.2.2    Canada: Aircraft Actuators Market, By System

10.1.2.2.3    Canada: Aircraft Actuators Market, By End User

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

10.1.2.3.1    Mexico: Aircraft Actuators Market, By Type

10.1.2.3.2    Mexico: Aircraft Actuators Market, By System

10.1.2.3.3    Mexico: Aircraft Actuators Market, By End User

11.          North America Aircraft Actuators Market - COVID-19 Impact Analysis

11.1    Impact of COVID-19 Pandemic on North America Aircraft Actuators Market

11.1.1     North America: 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    Nook Industries, Inc.

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    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.             North America Aircraft Actuators Market – Revenue, and Forecast to 2027 (US$ Million)

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

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

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

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

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

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

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

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

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

Table 13.          List of Abbreviation

LIST OF FIGURES

Figure 1.           North America Aircraft Actuators Market Segmentation

Figure 2.           North America Aircraft Actuators Market Segmentation – By Country

Figure 3.           North America Aircraft Actuators Market Overview

Figure 4.           North America Aircraft Actuators Market, by Country

Figure 5.           North America Aircraft Actuators Market, By Type

Figure 6.           North America Aircraft Actuators Market, By Systems

Figure 7.           Porter’s Five Forces Analysis

Figure 8.           North America Aircraft Actuators Market: Ecosystem Analysis

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

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

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

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

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

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

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

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

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

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

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

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

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

Figure 22.        North America: Aircraft Actuators Market – Revenue by Country to 2027 (US$ Million)

Figure 23.        North America Aircraft Actuators Market Revenue Share, By Country (2019 and 2027)

Figure 24.        US: Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)

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

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

Figure 27.             Impact of COVID-19 Pandemic in North American 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. Nook Industries, Inc
  8. Parker-Hannifin Corporation
  9. TransDigm Group Incorporated
  10. Woodward, Inc
  • To understand the North America 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 North America aircraft actuators market
  • Efficiently plan M&A and partnership deals in North America 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 North America aircraft actuators market
  • Obtain market revenue forecast for market by various segments from 2020-2027 in North America region.
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