TechSci Press Release

Global Aviation Actuator System Market Overview Global aviation actuator system market  stood at more than $875 million in 2019 and is projected to grow at a CAGR of over 5% during the forecast period, on account of increasing demand for electric aircraft and automation. The aviation industry is witnessing technological advancements in aircraft models, which is contributing to developments in actuator systems. Aviation actuator system is used in landing gears, clutches and electromagnetic brackets for commercial aircraft. Surging population and declining air fares are driving the aviation market, which in turn is propelling global aviation actuator system market. Moreover, integration of Internet of Things (IoT) in aviation industry is expected to have a positive influence on global aviation actuator system market during forecast period. Global Aviation Actuator System Market Segments Based on product type, global aviation actuator system market can be categorized into electrohydra...

Shifting trend towards electric actuator, rising demand for commercial aircraft and high demand for automation in aviation industry to drive global aviation actuator system market through 2024 According to TechSci Research report,  “ Global Aviation Actuator System Market  By Product, By Aircraft Type, By Application, By End-User, By Region, Competition, Forecast & Opportunities, 2024” , global aviation actuator system market is projected to reach $ 1.12 billion by 2024, owing to increasing inclination towards electric actuators, on the back of stringent government regulations about pollution. Factors such as growing urbanization and rapid development of emerging economies are positively impacting global aviation actuator system market.  Triumph Group , United Technologies Corporation, Honeywell International Inc and Parker Hannifin Corporation are some of the leading players operating in global aviation actuator system market. Browse  XX  market data Figure...