Industria
Aerospace Actuators Market is Forecast to Reach US$ 13.4 Billion in 2028, Says Stratview Research
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The aerospace actuators market is segmented based on , actuator type, actuator technology type, , and .
The aerospace actuators market is segmented into commercial aircraft, regional aircraft, general aviation, helicopters, defense, UAVs, and space. during the forecast period. A rise in the production rates of various commercial aircraft and upcoming aircraft programs is anticipated to boost market demand in the coming years.
The market is segmented into primary flight control actuators, secondary flight control actuators, landing gear, thrust reversers, engine control, utilities, seats, weapon release, missiles, and others. during the forecast period, owing to the high focus on safer and lighter flight control systems and the usage of many actuators.
The market is segmented into hydraulic actuators, electric actuators, pneumatic actuators, and other actuators. during the forecast period. Hydraulic actuators are easy to maintain and generate enough power to operate control surfaces with less weight & space. However, electric actuators are expected to replace conventional technologies due to their high efficiency, increased electric power, and precise level of control.
The aerospace actuators market is segmented into OE and aftermarket based on the end-user type. Aftermarket held a smaller share of the market in 2022. Aerospace actuators have a long life usually aligned with the life of aircraft.
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The report suggests that
This growth is majorly attributed to the following –
Over the next five years, owing to rising demand for commercial aircraft to accommodate growing passenger traffic, rising defense spending in important economies, the opening of Boeing and Airbus assembly plants, and the coming of indigenous commercial aircraft.
Some of the key drivers listed in the report are given below.
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The market is moderately concentrated, with the presence of some regional and global players. An inorganic growth strategy is preferred, especially by the leading players. Several crucial M&As led to several changes in the competitive landscape. The following are the key players in the aerospace flight control systems market:
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