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According to Technavio's global military aircraft actuation systems market analysis, the industry is envisaged to witness steady growth and will post a CAGR of close to 3% over the forecast period. The rising demand for actuators is one of the primary factors driving the military aircraft actuation systems market growth, globally. Stringent government regulations and increasing complexities in military aircraft specifications has led to the continuous development of actuation systems, which are used for efficient aircraft operation. For example, the engine nozzle actuation system in the F-15 Eagle offers optimum thrust control. Therefore, the military aircraft actuation systems market forecasts that the increasing adoption of actuators in military aircraft is anticipated to spur the growth prospects of this market in the coming years.
In this industry research report, the analysts have estimated factors such as the development of autopilot landing system to propel this market’s growth prospects in the near future. Autopilot landing systems enable secure landing of aircraft, during turbulent weather conditions and blurry vision. The autopilot landing system is also used in airports facing rough climatic conditions. With the increasing application of computers in landing systems, different parameters such as altitude, airspeed, heading, and distance can be monitored and measured seamlessly by the autopilot to ensure safe landing of the aircraft. The increasing usage of autopilot landing system to ensure safe aircraft landing and reduce human errors will contribute to the growth of this market until the end of 2020.
During 2015, the hydraulic actuators segment dominated the market and accounted for more than 39% of the market share in terms of revenue. Hydraulic actuation systems have different functions in narrow-body military aircraft and wide-body military aircraft. An actuator system can deliver high power without consuming too much space or weight, and has helped pilots in undertaking mechanical tasks by utilizing less amount of energy. Since these systems do not consume electricity, the chances of shocks or fire hazards are limited. Due to their reliability and power density, hydraulic actuation systems are envisaged to have an augmented demand over the next four years.
In terms of geography, the Americas dominated the market and is expected to reach close to USD 679 million by 2020. Factors such as high military spending and increasing number of military aircraft are likely to drive this market’s growth in the Americas.
The global military aircraft actuation systems market is highly competitive and the suppliers compete on the basis of product quality, reliability, cost, and aftermarket service to gain traction in the market. To sustain and thrive in the market, it is imperative for vendors to provide profitable and high-quality actuation systems with latest technology and materials. The emergence of advanced actuation systems and the subsequent increase in the number of mergers and acquisitions will contribute to the growth of this market during the forecast period.
The leading vendors in the market are -
Other prominent vendors identified in the market are Curtiss-Wright, Eaton, GE Aviation, Saab, and Woodward.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Global aerospace and defense supply chain system
PART 07: Global aerospace and defense value chain system
PART 08: Market segmentation by system
PART 09: Geographical segmentation
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
PART 16: Appendix
PART 17: Explore Technavio
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