Asia-Pacific Aircraft Actuators Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type, System, and End User

Asia-Pacific Aircraft Actuators Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type, System, and End User

  • June 2021 •
  • 96 pages •
  • Report ID: 6103117 •
  • Format: PDF
The 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. futuristics technologies such as plasma actuators, electric aircraft actuators, and VTOL actuators are bolstering the growth of the industry. 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. Plasma actuators are getting developed by the Iowa State University and North-western Polytechnical University in China. The plasma actuator is a new technology in aviation industry, which is specially developed for commercial jet airplane to fly above 35,000 feet without facing Icing problem. Moreover, the anti-icing technology is getting developed for all-electric aircraft to keep them ice-free, which is ultimately boosting the aircraft actuators market, which is further driving the demand.

The COVID-19 outbreak has resulted in a massive financial loss in the APAC region.The governments in the 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 halted its production of C919 during Q1, which resulted in negative impact on 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.

The commercial aircraft segment led the aircraft actuators market based on end user in 2019.The commercial aircraft segment represents civil aviation aircraft and general aviation aircraft.

The commercial aircraft segment holds the largest share in the market due to rising civil air traffic worldwide.A surge in international flights has pressurized the countries to increase the number of commercial aircraft.

The commercial industry comprises civil aviation and general aviation.Rising number of domestic flights in developing nations such as India and China owing to increase in number off air traffic passengers is creating the demand for narrow-body/small aircraft, which, in turn, is increasing the sale of actuators.

The actuation system in commercial aircraft is evolving by replacing the older conventional hydraulic systems with electric systems. These new systems are lighter in weight and they resolve the leaking and fire hazard issues. Increasing production of small passenger aircraft and business jets is one of the prominent factors driving the segment. For instance, in April 2018, AMETEK Aerospace & Defense business unit demonstrated new rudder trim actuator and ACL23A-4 Aileron systems on Pilatus PC-24 business jet. Similarly, in October 2020, Liebherr supplied two units of landing gear actuators for Boeing’s 777 and 777X aircraft, which is ultimately drives the aircraft actuators market.

The overall APAC aircraft actuators market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The process also serves the purpose of obtaining overview and forecast for the Europe aircraft actuators market with respects to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.

The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing . Collins Aerospace; Raytheon Technologies Company; Curtiss-Wright Corporation; Eaton Corporation plc; Honeywell International Inc; Meggitt PLC, Moog Inc.; Parker-Hannifin Corporation; TransDigm Group Incorporated; and Woodward, Inc are among a few players operating in the APAC aircraft actuators market.

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