Commercial Aircraft Actuation System Market 2018: Company Profiles, Trends, and Competitive Analysis by Key Players Honeywell, Moog, Parker Aerospace, UTC Aerospace Systems, and Eaton.

Global Commercial Aircraft Actuation System Market, By Type (Hydraulic, Electric and Pneumatic), By Aircraft Type (Narrow Body Aircraft, Wide Body Aircraft and Others) and Region - Forecast 2017-2023.

Key Players

The key players of the global commercial aircraft actuation systems market are Honeywell, Moog, Parker Aerospace, UTC Aerospace Systems, and Eaton.

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Market Highlights

The defense units of many countries are strengthening their position globally by manufacturing combat planes, helicopters, and transport aircraft. In 2014, the U.S. possessed 14,000 military aircraft, Russia had 4,000, China had 3,000, and India had 2,000. Thus, increase in number of aircrafts is expected to drive the market. However, high cost associated with autopilot system is the major restraint that could hinder the market.

The global commercial aircraft actuation system market has been experiencing substantial growth in recent years primarily due to growing air travel in developing nations. Of late, the emergence of auto pilot systems is also gaining traction. Autopilots are the best safety aid when flying in the clouds, low visibility, or in congested airspace. According to the Federal Aviation Administration (FAA) norms, an autopilot system is a mandate when a single pilot is operating the aircraft. FAA certifies the current technology autopilots at low cost. The integration of digital display systems and technologies, such as the autopilot system and FMS, in the cockpits of the aircraft, relieve the pilots of their workloads and assures availability of essential flight information. To enhance safety, the organization encourages the development and installation of autopilots in the aircraft. As a result, autopilot manufacturers are investing in the creation of new digital smart autopilots that is compatible with a variety of aircraft without additional certifications bearing high costs.

Based on aircraft type, it is segmented as narrow body aircraft, wide body aircraft and others. Narrow-body aircraft accounted for the largest share in 2016. Although these aircrafts have lesser capacity than the wide-body aircraft, they are larger in number. Some major narrow-body aircraft are Airbus A318, A319, A320, and A321; the Boeing B727s, and B737s. These planes generally fly over short routes, and are, thus suited to cater to budget travelers. As of 2016, there were over 15,000 narrow-body planes, across the globe, which would be replaced by approximately 12,000 such planes by 2035. Concurrently, there has been a rise in the number of low-cost carriers in the recent years, which has propelled the market for narrow-body planes, globally.

Scope of the Report

This study provides an overview of the global commercial aircraft actuation systems market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for Asia-Pacific, North America, Europe and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global commercial aircraft actuation systems market by its type, by aircraft type and region.

By Type

Electric
Hydraulic
Pneumatic
Mechanical
By Aircraft Type

Narrow Body
Wide Body
Others
By Region

Asia Pacific
North America
Europe
Rest of World
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