DUBLIN, February 13, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/hb3t3h/actuator_systems) has announced the addition of the "Actuator Systems Market in Aviation - Market Analysis and Forecasts 2014 - 2019" report to their offering.
The global actuator systems market in aviation is estimated to be $2,973.76 million by 2014. The market is expected to register CAGR of 4.6% to reach $3,839.74 million by 2019.
In recent years, the concept of more electric aircraft pushed the development of electrical actuation systems to substitute hydraulic actuators in a broad range of applications such as flight control, landing gear, etc.
Electrical actuation technologies have to comply with demanding requirements concerning reliability, weight, and environmental conditions. Electric actuation use comes from customer and airworthiness requirements for clean and more environment friendly aircraft.
The use of actuators helps in aircraft maintenance. Airlines across the globe are looking for more efficient aircraft that can increase their net profit. The increasing fuel price is a major driving factor, forcing the aircraft manufactures to opt for more fuel efficient and more electric aircraft (MEA) concept. With the primary functions in the aircraft more powered by electrical system; rather than conventional Pneumatic and hydraulic system aircraft will be able to achieve reduced fuel burn, higher reliability, reduction in maintenance cost, and more dispatch availability. Many R&D programs are going on in this industry for saving fuel and enhancing operational efficiency.
The increase in aircraft orders and more aircraft manufacturers coming up in the industry is also a driver. However, the defense budget cuts would be a challenge. High growth regions are China, Russia, and North America; and many new programs are coming up from these regions. The deliveries of the aircrafts are also expected to increase by 2019.
Key Topics Covered:
2 Executive Summary
3 Market Overview
4 Market Dynamics
5 Market Forecast Analysis
6 Geographic Analysis
7 Competitive Landscape
8 Opportunity Analysis
9 Company Profiles
For more information visit http://www.researchandmarkets.com/research/hb3t3h/actuator_systems
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SOURCE Research and Markets