This market research report includes the present scenario and growth prospects of the global military aircraft actuation systems market by system (hydraulic actuators, electric actuators, and pneumatic actuators). It also outlines the market shares for key regions like the Americas, EMEA, and APAC. The top vendors analyzed in this market study are Eaton, Moog, Rockwell Collins and UTC Aerospace Systems.
The market research analysts at Technavio estimate the global military actuation aircraft actuation systems market to grow at a CAGR of almost 3% between 2016 and 2020. The growing demand for actuators triggered by the stringent regulations imposed by the government and increasing complexities in military aircraft specifications is the fundamental driver for this market. The increase in the number of aircrafts worldwide is expected to contribute to the market’s growth during the forecast period. Currently, the global military aircraft actuation system is dominated by the Americas by accounting for a share of almost 37%. The high military spending and the increase in the military aircraft is expected to propel the market in this region by 2020.
The new market research report from Technavio presents a breakdown and analysis of the military aircraft actuation systems segments by system.
“The development of autopilot landing systems is the latest upcoming trend in the market. The system finds application airports facing rough weather due to its ability to enable secure landing of aircraft, during turbulent weather conditions and blurry vision. The investments in actuation systems by defense authorities is expected to witness substantial growth owing to the increasing demand for aircrafts and subsequently the actuation systems,” says Abhay Singh, Lead Analyst, Aerospace & Defense, Technavio Research.
In 2015, the hydraulic segment dominated the global military aircraft actuation systems market by accounting for a market share of over 39%. This segment of the market is thriving due to their reliability and power density. The increase in orders, backlogs, and deliveries of military aircraft, that operate by hydraulic systems is expected to boost the growth of the hydraulic military aircraft actuation systems market in the coming years.
The key vendors in the global military aircraft actuation systems market include Eaton, Moog, Rockwell Collins and UTC Aerospace Systems. In 2013, Moog, a major vendor of the market, signed a contract with Boeing to design and develop weapons bay actuation system (WBAS) for the F-15 Silent Eagle. Similarly, other international players are also expected to launch similar products with investments in upgrading existing technologies. The competitive environment of this market is expected to intensify with an increase in R&D innovations and M&A in the coming years.
A more detailed analysis is available on the Technavio report, Global Military Aircraft Actuation Systems Market 2016-2020.
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