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The Aircraft Actuator Market worth USD 14.85 billion in 2018 and will exhibit a CAGR of 3.12% during the forecast period, 2019-2026.

An Aircraft Actuator is a system that is used for controlling the movement functions of an aircraft. The product regulates the motion and flow of the aircraft; an integral function as far as the operation of the system is concerned. The high investments towards the development of efficient actuators, driven by the demand for efficient and faster products, will have a positive impact on the growth of the market in the coming years.

As a result there have been numerous technological advancements in actuators. The increasing demand for technologically advanced systems have led to improved product efficacies and ultimately increased the demand for the product across the world.

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A few of the leading companies that are operating in the market include:

·         Eaton Corporation Inc. (the U.S.)

·         Honeywell International Inc. (the U.S.)

·         Lockheed Martin Corporation (the U.S.)

·         Moog Inc. (the U.S.)

·         Northrop Grumman Corporation (the U.S.)

·         Parker Hannifin Corporation (the U.S.)

·         Rockwell Collins (the U.S.)

·         Saab AB (Sweden)

·         Sitec Aerospace GmbH (Germany)

·         TAMAGAWA SEIKI Co.Ltd. (Japan)

·         The Boeing Company (the U.S.)

·         Woodward Inc. (the U.S.)

The Global Aircraft Actuator Market Size is projected to reach USD 16.98 billion by the end of 2026. Recent technological advancements have played a huge part in the growth of the market in recent years. According to a report by Fortune Business Insights, titled “Aircraft Actuator Market Size, Share and Global Trend By Motion (Linear, Rotary), By Actuator Type (Hydraulic, Pneumatic, Electric, Electromechanical, Electrohydrostatic), By Platform (Fixed-Wing, Rotary-Wing), By Installation (Power Generation & Distribution System, Flight Control System, Fuel Management System, Landing Gear & Braking System, Passenger Comfort, and others), and Geography Forecast till 2026,” .

North America Dominates the Market; Presence of Several Large Scale Companies Will Aid Growth

The report analyzes the ongoing aircraft actuators market trends across North America, Latin America, Asia Pacific, the Middle East and Africa, and Europe. Among these regions, North America holds the highest aircraft actuators market share in recent years. The massive investments towards the adoption of modern actuators will bode well for the growth of the regional market. As of 2018, the market in North America was worth USD 8.17 billion and this value is projected to increase further in the coming years. The market in Europe will also witness considerable growth in the coming years, owing to the upgradation of existing actuators for improved reliability.

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Industry Developments:

August 2019 – The Boeing Company bagged a contract worth USD 55.5 million from the United States Air Force (USAF). This contract was aimed at the modification of boom telescope actuator on Boeing KC-46.

 Increasing Number of Product Launches Will Aid Growth

The report includes several factors that have made an impact on the growth of the market in recent years. It discusses a few of the major industry developments of recent times. Among all factors, the increasing number of product launches has made a huge impact on the growth of the market in recent times. The emphasis on the adoption of technologically advanced products has compelled companies to introduce newer products at a rapid pace. Due to the accuracy and precision involved in aircraft operations, it is necessary to adopt products with the highest efficiency. The increasing number of technological advancements will help companies generate substantial aircraft actuators market revenue in the coming years

Browse Detailed Summary of Research Report With TOC:

https://www.fortunebusinessinsights.com/aircraft-actuator-market-102578

 An Outline of the Global Landscape:-

·         Analyzing the size of the Global Aircraft Actuator Industry on the basis of value and volume.

·         Technological Advancement and product developments.

·         Deeply profiling future prospects and historical data base by complete industry research.

·         Worldwide manufacturing analysis and supply chain.

·         Extensive analysis of the market emerging trends and technology assessment.

·         Exhaustive coverage of market drivers, restraints, opportunities, threats, limitations, and prospects.

·         Detailed insights on the upcoming R&D product launches, sales, revenue, size, share and product consumption in the market.

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