South America Aircraft Actuators Market is expected to reach US$ 834.38 million by 2027

Linear Segment to Dominate SAM Aircraft Actuators Market during 2019–2027

According to The Insight Partners market research study on “SAM Aircraft Actuators Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Type, System, and End User,” is expected to reach US$ 834.38 million by 2027 from US$ 638.39 million in 2020. The market is estimated to grow at a CAGR of 3.9% from 2020 to 2027. The report provides trends prevailing in the SAM aircraft actuators market along with the drivers and restraints pertaining to the market growth. Rising Demand for Narrow-body and Small Aircraft are the major factor driving the growth of the SAM aircraft actuators market. However, Boeing’s Complication from B737 Max and Termination of A380 Program hinder the growth of SAM aircraft actuators market.

Brazil has the highest number of COVID-19 cases, followed by Peru, Chile, Colombia, and Ecuador, among others. South America's government has taken an array of actions to protect their citizens and contain COVID-19's spread. Brazil is the largest spender in the aerospace industry and is the only modern aircraft manufacturing country in the region. Owing to this, the demand for components and aircraft related systems and technologies is at an all-time high in the country. In addition, the majority of the components are imported from the US, China, and European countries. The slowdown in commercial and military aircraft production in the country has impaired the supply chain in Brazil. This has weakened the demand for several components, including actuation system. Thus, the outbreak of COVID-19 has had a harsh impact on the South American aircraft actuators market, especially in Brazil.

The SAM aircraft actuators market is segmented based on type, system, end user, and country. Based on type, the market is segmented into linear and rotary. In 2019, the linear segment held the largest share SAM aircraft actuators market. Based on system, the market is segmented into hydraulic actuators, electrical actuators, mechanical actuators, and pneumatic actuators. Electrical Actuators is expected to the fastest growing segment over the forecast period.  Based on end user, the market is segmented into commercial aircraft and military aircraft. The Commercial Aircraft segment contributed a substantial share in 2019.

Collins Aerospace; Raytheon Technologies Company; Eaton Corporation plc, Honeywell International Inc; Meggitt PLC, Moog Inc.; Parker-Hannifin Corporation; Woodward, Inc are among the leading companies in the SAM aircraft actuators market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Moog Inc. had launched a new common electro-hydrostatic actuator (CEHA). The CEHA consists of benefits of both hydraulic and EM actuators. The CEHA actuator family is modular with many common parts between them, specifically the Electro Hydrostatic Power Unit (EHPU), which contains the hydraulic pump, EM motor, and hydraulic fluid reservoir.

The report segments the SAM Aircraft Actuators Market as follows:

SAM Aircraft Actuators Market – By Type

• Linear
• Rotary

SAM Aircraft Actuators Market – By System

• Hydraulic Actuators
• Electrical Actuators
• Mechanical Actuators
• Pneumatic Actuators

SAM Aircraft Actuators Market – By End User

• Commercial Aircraft
• Military Aircraft

SAM Aircraft Actuators Market – By Country

• Brazil
• Argentina
• Rest of SAM