Europe Aircraft Actuators Market
The defense and commercial aviation sectors in Europe are inclined toward advanced of aircraft technologies. Germany, the UK, and Russia have a major manufacturing base of aircraft actuators with a large number of aircraft manufacturing companies. Strong economic conditions and initiatives taken by the European governments to ensure flight safety are the major factors propelling the growth of the market in Europe. Countries, such as Russia, France, Germany, and Spain, have a large number of aircraft fleet. Germany and France are major exporters of advanced aircraft technologies; they are leading the growth of the aircraft actuators market in Europe. In addition, other countries in Europe, such as Poland and the Czech Republic, are upgrading their aircraft with advanced aircraft actuators to assure enhanced flight control. In June 2020, Dornier Seawings received the approval from European Aviation Safety Agency and Luftfahrt-Bundesamt for newly developed Seastar amphibious aircraft. This new aircraft has been developed with advanced technologies, such as aileron trim actuators, AMETEK PDS starter generators, rudder trim actuators, and generator control units. Strong technological advancements in aircraft actuators are supporting the market growth in the region. Countries are further strengthening their defense and commercial aircraft with advanced technologies to ensure safety and improved performance. European governments and companies are taking initiatives to develop advanced actuators for aircraft with improved quality and the least cost possible. For instance, in April 2016, Goodrich Actuation Systems SAS, completed the project to develop advanced electro-mechanical actuators (EMA) having improved lifecycle with 54 partners. The ACTUATION2015 project was initiated by the company to develop new actuation solution using EMA technology to meet cost and reliability requirements. Further, aircraft manufacturing companies are expanding their footprint in the European region. For instance, in February 2017, Boeing expanded its presence in the European market with a new production facility in Sheffield, England. The company invested US$ 24.8 million to build in-house manufacturing plant. Actuator manufacturing companies are further strengthening their capabilities with advancements in product offering. For instance, in December 2017, AEM Limited, an actuator manufacturing unit of AMETEK aerospace & defense, developed a new solution for Boeing 737 Next Generation (NG) series aircraft and Boeing 737 Classic aircraft. The new stabilizer trim actuator is developed to enhance flight critical control system for cruise, landing, and take-off operations.
In Europe, several countries have been experiencing a continuous surge in the number of infected individuals. The European aviation industry is composed of aircraft OEMs, component suppliers, and airlines manufacturer. The outbreak of the COVID – 19 viruses has affected each aviation business stakeholders' business in the region. Several airlines in the region have postponed the pending aircraft fleet's procurement dates to manage their current operational costs during COVID times and post-COVID times. This has led the aircraft OEMs and component suppliers to suffer economic loss. This factor has had a negative result on the European and international aircraft actuators market players. Airbus, the leading and forerunner in Europe's aircraft production volume, delivered only 341 aircraft during January to September 2020 compared to 571 aircraft during the period from January to September 2019. Apart from Airbus, other aircraft OEMs such as Dassault Aviation, Leonardo, Sukhoi, Tupolev, and Ilyushin, among others also faced severe challenge in delivering substantial number of aircraft models to respective customers. This affected the growth aircraft actuators market as the demand for actuators declined among the European aircraft manufacturers mentioned above. France, Italy, the UK, and Russia, are among the key countries that have higher number of aircraft manufacturers as well as the worst-hit countries. The severe accentuation in spread of virus has harshly affected the regions aviation stakeholders.
Strategic insights for the Europe Aircraft Actuators provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2020 | US$ 2146.23 Million |
| Market Size by 2027 | US$ 3734.08 Million |
| Global CAGR (2020 - 2027) | 8.2% |
| Historical Data | 2018-2019 |
| Forecast period | 2021-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe Aircraft Actuators refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The aircraft actuators market in Europe is expected to grow from US$ 2146.23 million in 2020 to US$ 3734.08 million by 2027; it is estimated to grow at a CAGR of 8.2% from 2020 to 2027. Advanced Technologies: Plasma Actuators, Electric Aircraft Actuators, and VTOL Actuators. 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. This is bolstering the growth of the aircraft actuators market.
In terms of System, the Hydraulic Actuators segment accounted for the largest share of the Europe aircraft actuators market in 2019. Further, the Electrical Actuators segment held a larger share of the market based on System in 2019.
A few major primary and secondary sources referred to for preparing this report on the aircraft actuators market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Collins Aerospace; Raytheon Technologies Company; Curtiss-Wright Corporation; Eaton Corporation plc, Honeywell International Inc; Meggitt PLC, Moog Inc.; Parker-Hannifin Corporation; TransDigm Group Incorporated; Woodward, Inc.
The Europe Aircraft Actuators Market is valued at US$ 2146.23 Million in 2020, it is projected to reach US$ 3734.08 Million by 2027.
As per our report Europe Aircraft Actuators Market, the market size is valued at US$ 2146.23 Million in 2020, projecting it to reach US$ 3734.08 Million by 2027. This translates to a CAGR of approximately 8.2% during the forecast period.
The Europe Aircraft Actuators Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Aircraft Actuators Market report:
The Europe Aircraft Actuators Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Aircraft Actuators Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Aircraft Actuators Market value chain can benefit from the information contained in a comprehensive market report.
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