The aircraft actuators market in North America is expected to grow from US$ 2872.44 million in 2020 to US$ 4303.50 million by 2027; it is estimated to grow at a CAGR of 5.9% from 2020 to 2027.
The US, Canada, and Mexico are major economies in North America. Increasing Use of Electrotechnical Actuators. Aircraft flight control systems are shifting from bulky, heavy, and leaky hydraulic systems to an electric autonomous system. The advancements in electro-mechanical (EM) actuator, such as reliability, compact nature, light weight, and cost-efficiency, are mounting its adoption in aircraft. Commercial and military aircraft fleets are looking for advanced system, which are lighter in weight to enhance fuel efficiency. Actuators in aircraft are used in the functionality of landing gear, slats and spoilers, seats, flaps, positioning engine inlet guide vanes, rudder, ailerons, and opening and closing cargo or weapon bay doors, among others. Since, the aircraft OEMs are increasingly emphasizing on lightweight aircraft models, the electromechanical actuators are attracting the OEMs in the current scenario, which is catalyzing the aircraft actuators market. Another reason for the increasing adoption of electromechanical actuators is the paradigm shift of aerospace industry toward electric aircraft, which is obsoleting the hydraulic, pneumatic, and mechanical systems and are increasing the adoption of electric actuation systems. This trend is generating substantial demand for the electrical actuators, which is ultimately boosting the aircraft actuators market is also bolstering the growth of the industry.
The US is the worst-hit country in North America, with thousands of infected individuals facing severe health conditions across the country. The continuous growth of infected individuals has led the government to impose lockdown across the nation's borders during Q2 and Q3. The majority of the manufacturing plants either were temporarily shut or operated with minimum staff; the aircraft OEMs and aircraft components and associated product manufacturers witnessed disruption in supply chain; these are some of the North American countries' critical issues. Since the US has a larger density of aircraft manufacturers and aircraft associated technology and system manufacturers, followed by Canada and Mexico. The outbreak of the virus has severely affected the production of each. The lower number of manufacturing staff has resulted in lesser production quantity. From the aircraft OEM’s perspective, Boeing, the aviation giant in the region, has witnessed a significant fall in orders and production, which is one of the key restraining factors for the aircraft actuators market. Apart from Boeing, several other aircraft OEMs such as Bombardier, Textron, and Gulfstream, among others, also experienced tremors of COVID – 19 on their orders and production lines. From the supply side, the region has higher numbers of aircraft actuators market players. The restricted workforce, disruption in the supply chain, and limited volumes of orders have sternly shaken the aircraft actuators market players in the region. Due to COVID-19 pandemic impact, in September 2020, Airbus and Boeing delivered 57 commercial jets as compared to 71 deliveries, respectively, in the same month last year. In 2020, Boeing delivered 98, as compared to 204 shipments in the last year. The North American, aircraft manufacturing has been shattered by the momentary shutdown of aviation industry, which has been reflecting severely less demand for various types of systems and technologies including actuation system. Owing to this, the aircraft actuators market players have been witnessing noteworthy less demand; however, as the unlock measures started and airlines resumed their operations, the procurement rate of aircraft actuators begun to up rise at a slow pace
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North America Aircraft Actuators Market Segmentation
North America Aircraft Actuators Market – By Type
- Linear
- Rotary
North America Aircraft Actuators Market – By System
- Hydraulic Actuators
- Electrical Actuators
- Mechanical Actuators
- Pneumatic Actuators
North America Aircraft Actuators Market – By End User
- Commercial Aircraft
- Military Aircraft
North America Aircraft Actuators Market – By Country
- US
- Canada
- Mexico
North America Aircraft Actuators Market-Companies Mentioned
- Collins Aerospace, a Raytheon Technologies Company
- Curtiss-Wright Corporation
- Eaton Corporation plc
- Honeywell International Inc
- Meggitt PLC
- Moog Inc.
- Nook Industries, Inc
- Parker-Hannifin Corporation
- TransDigm Group Incorporated
- Woodward, Inc
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, System, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Aircraft Actuators Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat to New Entrants
4.2.4 Threat to Substitutes
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
5. North America Aircraft Actuators Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Use of Electrotechnical Actuators
5.1.2 Accentuating Aircraft Order and Delivery Volumes
5.2 Market Restraints
5.2.1 Boeing’s Setback from B737 Max and Discontinuation of A380 Program
5.3 Market Opportunities
5.3.1 Rising Demand for Narrow-body and Small Aircraft
5.4 Future Trends
5.4.1 New Technologies: Plasma Actuators, Electric Aircraft Actuators, and VTOL Actuators
5.5 Impact Analysis of Drivers and Restraints
6. Aircraft Actuators – North America Market Analysis
6.1 Overview
6.2 North America Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)
7. North America Aircraft Actuators Market Analysis – By Type
7.1 Overview
7.2 North America Aircraft Actuators Market, By Type (2019 and 2027)
7.3 Linear
7.3.1 Overview
7.3.2 Linear: North America Aircraft Actuators Market –Revenue and Forecast to 2027 (US$ Million)
7.4 Rotary
7.4.1 Overview
7.4.2 Rotary: North America Aircraft Actuators Market –Revenue and Forecast to 2027 (US$ Million)
8. North America Aircraft Actuators Market Analysis – By System
8.1 Overview
8.2 North America Aircraft Actuators Market, By System (2019 and 2027)
8.3 Hydraulic Actuators
8.3.1 Overview
8.3.2 Hydraulic Actuators: North America Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Electrical Actuators
8.4.1 Overview
8.4.2 Electrical Actuators: North America Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)
8.5 Mechanical Actuators
8.5.1 Overview
8.5.2 Mechanical Actuators: North America Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)
8.6 Pneumatic Actuators
8.6.1 Overview
8.6.2 Pneumatic Actuators: North America Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)
9. North America Aircraft Actuators Market Analysis – By End User
9.1 Overview
9.2 North America Aircraft Actuators Market, By End User (2019 and 2027)
9.3 Commercial Aircraft
9.3.1 Overview
9.3.2 Commercial Aircraft: North America Aircraft Actuators Market –Revenue and Forecast to 2027 (US$ Million)
9.4 Military Aircraft
9.4.1 Overview
9.4.2 Military Aircraft: North America Aircraft Actuators Market –Revenue and Forecast to 2027 (US$ Million)
10. North America Aircraft Actuators Market – Country Analysis
10.1 Overview
10.1.1 North America: Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)
10.1.2 North America: Aircraft Actuators Market, By Country
10.1.2.1 US: Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)
10.1.2.1.1 US: Aircraft Actuators Market, By Type
10.1.2.1.2 US: Aircraft Actuators Market, By System
10.1.2.1.3 US: Aircraft Actuators Market, By End User
10.1.2.2 Canada: Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)
10.1.2.2.1 Canada: Aircraft Actuators Market, By Type
10.1.2.2.2 Canada: Aircraft Actuators Market, By System
10.1.2.2.3 Canada: Aircraft Actuators Market, By End User
10.1.2.3 Mexico: Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)
10.1.2.3.1 Mexico: Aircraft Actuators Market, By Type
10.1.2.3.2 Mexico: Aircraft Actuators Market, By System
10.1.2.3.3 Mexico: Aircraft Actuators Market, By End User
11. North America Aircraft Actuators Market - COVID-19 Impact Analysis
11.1 Impact of COVID-19 Pandemic on North America Aircraft Actuators Market
11.1.1 North America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition
13. COMPANY PROFILES
13.1 Collins Aerospace, a Raytheon Technologies Company
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Curtiss-Wright Corporation
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Eaton Corporation plc
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Honeywell International Inc.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Meggitt PLC
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Moog Inc.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Nook Industries, Inc.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Parker-Hannifin Corporation
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 TransDigm Group Incorporated
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Woodward, Inc.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Aircraft Orders and Deliveries, by Boeing and Airbus, 2018 and 2019
Table 2. NEW DELIVERIES 2019-2038
Table 3. North America Aircraft Actuators Market – Revenue, and Forecast to 2027 (US$ Million)
Table 4. US Aircraft Actuators Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 5. US Aircraft Actuators Market, By System – Revenue and Forecast to 2027 (US$ Million)
Table 6. US Aircraft Actuators Market, By End User – Revenue and Forecast to 2027 (US$ Million)
Table 7. Canada Aircraft Actuators Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 8. Canada Aircraft Actuators Market, By System – Revenue and Forecast to 2027 (US$ Million)
Table 9. Canada Aircraft Actuators Market, By End User – Revenue and Forecast to 2027 (US$ Million)
Table 10. Mexico Aircraft Actuators Market, By Type– Revenue and Forecast to 2027 (US$ Million)
Table 11. Mexico Aircraft Actuators Market, By System – Revenue and Forecast to 2027 (US$ Million)
Table 12. Mexico Aircraft Actuators Market, By End User – Revenue and Forecast to 2027 (US$ Million)
Table 13. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Aircraft Actuators Market Segmentation
Figure 2. North America Aircraft Actuators Market Segmentation – By Country
Figure 3. North America Aircraft Actuators Market Overview
Figure 4. North America Aircraft Actuators Market, by Country
Figure 5. North America Aircraft Actuators Market, By Type
Figure 6. North America Aircraft Actuators Market, By Systems
Figure 7. Porter’s Five Forces Analysis
Figure 8. North America Aircraft Actuators Market: Ecosystem Analysis
Figure 9. North America Aircraft Actuators Market: Impact Analysis of Drivers and Restraints
Figure 10. North America Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)
Figure 11. North America Aircraft Actuators Market Revenue Share, by Type (2019 and 2027)
Figure 12. Linear: North America Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)
Figure 13. Rotary: North America Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)
Figure 14. North America Aircraft Actuators Market Revenue Share, by System (2019 and 2027)
Figure 15. Hydraulic Actuators: North America Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)
Figure 16. Electrical Actuators: North America Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)
Figure 17. Mechanical Actuators: North America Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)
Figure 18. Pneumatic Actuators: North America Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)
Figure 19. North America Aircraft Actuators Market Revenue Share, by End User (2019 and 2027)
Figure 20. Commercial Aircraft: North America Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. Military Aircraft: North America Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)
Figure 22. North America: Aircraft Actuators Market – Revenue by Country to 2027 (US$ Million)
Figure 23. North America Aircraft Actuators Market Revenue Share, By Country (2019 and 2027)
Figure 24. US: Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)
Figure 25. Canada: Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)
Figure 26. Mexico: Aircraft Actuators Market – Revenue and Forecast to 2027 (US$ Million)
Figure 27. Impact of COVID-19 Pandemic in North American Country Markets
- Collins Aerospace, a Raytheon Technologies Company
- Curtiss-Wright Corporation
- Eaton Corporation plc
- Honeywell International Inc
- Meggitt PLC
- Moog Inc.
- Nook Industries, Inc
- Parker-Hannifin Corporation
- TransDigm Group Incorporated
- Woodward, Inc
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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