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Commercial Aircraft Health Monitoring Systems Market Competitive landscape By 2021
Market Research Future added New Report Named "Global Commercial Aircraft Health Monitoring Systems Market Research Report- Forecast 2021" to its Database
Global Military Aircraft Actuation Systems Market – Overview
The global military aircraft actuation systems market is growing with the rapid pace. According to a recent study report published by the Market Research Future, The global market of military aircraft actuation systems will grow at a rapid pace over the forecast period. The market is forecasted to witness slow but steady growth by 2021, which will be a surplus growth at a moderate CAGR during the projected period (2016 -2021).
A military aircraft actuation systems help to give an aircraft, a control broad range of applications such as extension and retraction of landing gears, monitoring, and controlling velocity and controlling engine speed by adjusting levers and flaps. Different sources of energy such as electricity, hydraulic fluid pressure, or pneumatic pressure, which convert energy into motion, are used to operate the actuation systems. Moreover, rising investment in research and development will boost the market growth. The growing demand for automation and increase in the number of aircraft are estimated to gain higher popularity during the forecast period. Focus towards the development of autopilot landing system and the emergence of Auto-GCAS enhance the growth of the gear market for the automotive sector. However, high cost associated with autopilot system and thermal challenges of more electric aircraft (MEA) acts as a barrier to the growth of military aircraft actuation systems market.
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The automotive military aircraft actuation systems market is completely dependent on the growth of military aircraft. Thus, the increasing or decreasing demand for the aircraft directly has an impact on the market. The total volume of aircraft operation, across the globe, in 2015, was almost 51,000 units and is expected to witness further boost by the year 2020. Moreover, the increase in the sales of aircraft has mainly been because of competitive and diverse options available for finance. The aerospace industry adopted new strategies to achieve greater efficiency, and reduced costs are increasing OEM's dependence on tier 1 suppliers. Big players such as Boeing and Airbus focus more on integration and less on internal production capability. Thus, the growth of the military aircraft actuation systems market is expected to go hand in hand with the growth of aircraft.
The global military aircraft actuation systems market as a whole is highly competitive. The dynamic business environment and cutthroat competition in the market constantly require high product quality, reliability, and aftermarket service. Development of cost-effective and systems require constant research & development support thus resulting in extensive capital investment at a constant rate.
Military Aircraft Actuation Systems Market: Regional Analysis
America market is dominating the market of military aircraft actuation systems market due to growth in aircraft industry. Development of UAV sector of the USAF and growing investment on UAVs are driving the market for military aircraft actuation systems. The market in the America is largely driven by increasing number of aircraft, UAV and the growing investments which helps in operations of aircrafts and other output.
Asia-Pacific region is referred to as the second-largest military aircraft actuation systems market due to factors such as growing number of military aircraft and simultaneously increasing military expenditure have fuelled the demand for vehicles in the country.
Honeywell International, Moog, Parker Aerospace, Rockwell Collins, United Technologies (UTC), Curtiss Wright, Eaton, GE Aviation, Saab, and Woodward and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Military Aircraft Actuation Systems Market.
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