Commercial Aircraft Actuation System Market Research Report - Global Forecast 2023
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. Industry Highlights: 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. Automation enhances flight operational safety and efficiency, which is especially critical for commercial airlines. It aims to cut down operating costs for greater profits. In 2014, a survey of airline pilots was conducted, which reported that the pilots operating the Boeing 777 military transport spent just seven minutes manually piloting their aircraft during a flight, whereas only half the time was required for those operating Airbus planes. Tremendous progress in the aviation industry with the development of the More Electric Aircraft (MEA), such as the Boeing 787 Dreamliner, Airbus A380, and Lockheed F35 airplanes was seen in last 15 years. In these aircraft, the pneumatic or hydraulic actuation systems have been replaced by the electric actuators, which make the aircraft lighter in weight and reduce fuel consumption. In addition, Airbus plans to develop 100 passenger electric aircraft during the forecast period. Therefore, thermal challenges of MEA can hinder the market growth. The major player operating in the market is Honeywell, Parker Aerospace, UTC Aerospace Systems, Eaton Corporation Plc, Liebherr, Moog, Curtiss Wright, Saab AB, Woodward Inc., and Triumph Group Inc. In 2016, North America accounted for the largest share in global Commercial Aircraft Actuation System Market. A number of the major actuation system OEMs are present in the region, resulting in a high market share of the region. Moreover, it is expected that approximately 10,000 aircraft would be in service in the region by 2035, which would create an opportunity for the major and prominent companies of the region.