Military Aircraft Actuation Systems Market Outlook
Market Research Future (MRFR) studied the global military aircraft actuation system market 2021 for the review period till The Military Aircraft Actuation Systems Market is projected to grow from USD 3.54 billion in 2023 to USD 6.5 billion by 2032, registering a compound annual growth rate (CAGR) of approximately 6.99% during the forecast period from 2024 to 2032.
Drivers and Restrains Impacting Military Aircraft Actuation System
The military aircraft actuation system market growing demand for extension and retraction benefits landing gears for monitoring and controlling velocity of military aircraft, along with need for controlling the speed of engine by just adjusting flaps and levers, can boost the demand for military actuation system. This is expected to support the expansion of the global market soon. The availability of different sources of energy, such as; pneumatic pressure, electricity, and hydraulic fluid pressure that can convert energy into motion can underline the ease of operation of the actuation systems in military aircraft can add to the expansion of the market. Moreover, the surging investment in research and development undertaking can also prompt the growth of military aircraft market in the review period. The increasing demand for automated solutions and surge in number of combat aircraft are expected to gain grounds in the aviation and aerospace sectors, which, in turn, can promote the market rise in the years to come.
Causes, such as; focus on upgradation of aging military aircraft and increase in the need for better combat aircraft for military missions are some other growth drivers of the worldwide military aircraft actuation systems market. In addition, the escalating defense expenditure, especially across developing regions and subsequent surge in the demand for new trainer aircraft and combat aircraft can further boosts the growth of the market. However, leakage issues that are associated with hydraulic actuators can hinder the rise of military aircraft actuation system market over a period of time. Meanwhile, the rise in terrorist attacks and growing focus on counter operations can create promising growth prospect for the worldwide market of military aircraft actuation systems.
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Segment Study of Military Aircraft Actuation System
The type-based segments of the military aircraft actuation systems market are electric, and hydraulic others. Through the forecast period, the segment of electric is anticipated to witness a healthy CAGR due to various beneficial characteristics, such as; low investment costs, energy savings, power capacity, high power density, easy integration into existing infrastructure, and fail-safe functionality.
The aircraft-based segments of the military aircraft actuation systems market are non-combat aircraft and combat aircraft. The segment of combat aircraft is expected to secure the largest market share due to rise in the production and procurement of fighter aircraft military strength.
The application-based segments of the military aircraft actuation systems market are flight control system, and landing gear system among other systems. The segment of flight control system can thrive in the years ahead, suggest MRFR segment assessment.
Regional Analysis of Military Aircraft Actuation System
North America military aircraft actuation systems market is expected to dominate the global market owing to expansion of the regional aircraft industry. Development of UAV sector of the USAF and growing investment on UAVs can influence driving the market for military aircraft actuation systems. The market within the Americas can be influenced by the expansion of the aircraft portfolio, along with UAV identified as a decent investment that allows the operations of aircrafts and contributes to the regional market rise. Asia Pacific region is reputed as the region with the second-largest military aircraft actuation systems market due to causes such as; rise in number of military aircraft as well as increasing military expenditure, can fuel the demand for vehicles in this region, that can support APAC military aircraft actuation system market. In Europe, the military aircraft actuation systems marketers across the globe are experiencing intense competition. The dynamic business setting and cutthroat competition within the market are encouraging the introduction of high product quality, better aftermarket service, and reliable solutions. The development of efficient and systems can contribute to EU military aircraft actuation system market.
Key Players of Military Aircraft Actuation System
Honeywell International, Rockwell Collins, Moog, Parker Aerospace, Curtiss Wright, Eaton, GE Aviation, United Technologies (UTC), Woodward, and Saab are some top-notch companies that are operating in the Global Military Aircraft Actuation Systems Market that are enlisted by MRFR.
