The MarketWatch News Department was not involved in the creation of this content.
May 12, 2021 (AmericaNewsHour) —
Kenneth Research has recently added a report titled Actuator Systems market in its storehouse of market research reports. The report provides a detailed insight into the market scenario on the basis of the market size and volume for the forecast period, i.e., 2021-2024. Actuator Systems market is further anticipated to grow with a CAGR of 6.3% during the forecast period. Factors such as the growing advancements in the development of novel drugs, coupled with the growing health infrastructure in several nations worldwide are anticipated to drive the growth of the market in the coming years. Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Global Actuator Systems Market in Aviation is estimated to reach $1,397 Million by 2025; growing at a CAGR of 6.3% from 2017 to 2025. Actuator Systems are used to assembly a number of products sporting the latest technologies. Actuators allow more load, control, force, speed, ruggedness, and duty cycle to be supported. It controls an extensive range of applications in an aircraft. About every movable part in an aircraft has actuators; i.e., retract landing gears and actuators extend. It has also been used to control and limit velocity, and engine speed by altering flaps and levers. Another source of energy such as hydraulic fluid pressure, and electric current that converts energy into motion, that are used to function actuators. Increasing profitability of airliners and increasing demand for advanced electronic components in the aeronautics are the drivers propelling the growth of the market. However, volatility in oil & gas market may limit the market from growing. Moreover, developing aviation industry in the emerging countries would provide lucrative opportunities to the market.
Enquire before purchasing this report ->https://www.kennethresearch.com/sample-request-10325334
The Global Actuator Systems Market in Aviation is segmented on the basis of product, application, aircraft type, end user and geography. Product segment comprises electric, electromechanical, electrohydraulic, and electro hydrostatic. Application segment is classified into flight control, landing gear and auxiliary control. Aircraft type segment is categorized into narrow body aircraft, wide body aircraft, very large aircraft, transport aircraft andf fighter aircraft. By end user, the market is bifurcated into commercial aviation and defense.
Based on geography, the Global Actuator Systems Market in Aviation is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe consists of UK, Russia, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
The key players operating in the market are Curtiss-Wright Corporation, Saab AB, Moog Inc, Woodward, Inc., GE AVIATION, Honeywell International Inc., United Technologies Corporation, Rockwell Collins, Inc., PARKER HANNIFIN CORP, and Eaton, among others.
The key takeaways from the report:
The report will provide detailed analysis of Global Actuator Systems Market in Aviation with respect to major segments such as product, application, aircraft type, end user and geography
The report will include the qualitative and quantitative analysis with market estimation over 2016 – 2025 and compound annual growth rate (CAGR) between 2017 and 2025
Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Global Actuator Systems Market in Aviation has been included in the report
Profile of the key players in the Global Actuator Systems Market in Aviation will be provided, which include key financials, product & services, new developments and business strategies
Get a Sample PDF of report-https://www.kennethresearch.com/sample-request-10325334
Scope of Global Actuator Systems Market in Aviation:
Product Segments
Electric
Electromechanical
Electrohydraulic
Electro Hydrostatic
Application Segments
Flight Control
Landing Gear
Auxiliary Control
Aircraft Type Segments
Narrow Body Aircraft
Wide Body Aircraft
Very Large Aircraft
Transport Aircraft
Fighter Aircraft
End User Segments
Commercial Aviation
Defense
Geographical Segments
North America
U.S.
Canada
Mexico
Europe
UK
Russia
Germany
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of Asia-Pacific
RoW
South America
Middle East
Africa
Table of Contents
Chapter 1: Prefix
1.1 Market Scope
1.2 Report Description
1.3 Research Methodology
1.3.1 Primary Research
1.3.2 Secondary Research
1.3.3 In-house Data Modeling
Chapter 2: Executive Summary
2.1 Global Actuator Systems Market in Aviation Year-on-Year Growth, 2017-2025 (%)
Chapter 3: Market Outline
3.1 Market Inclination, Trend, Outlook and Viewpoint
3.2 Market Share Analysis: Company’s Competitive Scenario
3.3 Market Dynamics
3.3.1 Drivers
3.3.1.1 Impact Analysis
3.3.2 Restraints
3.3.2.1 Impact Analysis
3.3.3 Opportunities
About Kenneth Research:
Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.
Contact Us
Kenneth Research
Email: Sales@kennethresearch.com
Phone: +1 313 462 0609
The post Actuator Systems Market Size, Share, Growth 2021 Global Industry Key Strategies, Trends, Top Manufacturers, Segmentation, Application, Technology and Opportunities Forecast to 2025 | Says Kenneth Research appeared first on America News Hour.
COMTEX_386428344/2606/2021-05-12T09:49:17
Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.
The MarketWatch News Department was not involved in the creation of this content.
