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Nadesłane przez: Mohitpatil
dnia 31-05-2021 07:07
The global aircraft actuator market size is projected to reach USD 16.98 billion by the end of 2026. Recent technological advancements have played a huge part in the growth of the market in recent years. According to a report by Fortune Business Insights, titled “Aircraft Actuator Market Size, Share and Global Trend By Motion (Linear, Rotary), By Actuator Type (Hydraulic, Pneumatic, Electric, Electromechanical, Electrohydrostatic), By Platform (Fixed-Wing, Rotary-Wing), By Installation (Power Generation & Distribution System, Flight Control System, Fuel Management System, Landing Gear & Braking System, Passenger Comfort, and others), and Geography Forecast till 2026,” the market was worth USD 14.85 billion in 2018 and will exhibit a CAGR of 3.12% during the forecast period, 2019-2026.
An actuator is a system that is used for controlling the movement functions of an aircraft. The product regulates the motion and flow of the aircraft; an integral function as far as the operation of the system is concerned.
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. Some industries are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
List of leading companies that are operating in the aircraft actuator market include;
The high investments towards the development of efficient actuators, driven by the demand for efficient and faster products, will have a positive impact on the growth of the market in the coming years. As a result there have been numerous technological advancements in actuators. The increasing demand for technologically advanced systems have led to improved product efficacies and ultimately increased the demand for the product across the world.
Increasing Number of Product Launches Will Aid Growth
The report includes several factors that have made an impact on the growth of the market in recent years. It discusses a few of the major industry developments of recent times. Among all factors, the increasing number of product launches has made a huge impact on the growth of the market in recent times. The emphasis on the adoption of technologically advanced products has compelled companies to introduce newer products at a rapid pace. Due to the accuracy and precision involved in aircraft operations, it is necessary to adopt products with the highest efficiency. The increasing number of technological advancements will help companies generate substantial aircraft actuators market revenue in the coming years
North America Dominates the Market; Presence of Several Large Scale Companies Will Aid Growth
The report analyzes the ongoing aircraft actuator market trends across North America, Latin America, Asia Pacific, the Middle East and Africa, and Europe. Among these regions, North America holds the highest aircraft actuators market share in recent years. The massive investments towards the adoption of modern actuators will bode well for the growth of the regional market. As of 2018, the market in North America was worth USD 8.17 billion and this value is projected to increase further in the coming years. The market in Europe will also witness considerable growth in the coming years, owing to the upgradation of existing actuators for improved reliability.
Industry Developments:
August 2019 – The Boeing Company bagged a contract worth USD 55.5 million from the United States Air Force (USAF). This contract was aimed at the modification of boom telescope actuator on Boeing KC-46.
Browse Summary of This Research:
https://www.fortunebusinessinsights.com/aircraft-actuator-market-102578
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Nadesłane przez: Mohitpatil
dnia 31-05-2021 07:07
The global aircraft communication system market is likely to gain impetus from the introduction to various state-of-the-art technologies by renowned organizations. Airborne Wireless Network (AWN), a provider of wireless communication services, for instance, is developing a high-speed communication system for delivering cost-effective wireless broadband to the aircraft.
This information is put forward by Fortune Business Insights™ in a recently published report, titled, “Aircraft Communication System Market Size, Share and Global Trend By Connectivity (SATCOM HF, VHF, UHF, and Data Link Communication) By System (Audio Integrating System, Communication Radios, Radio Tuning System, Cockpit Voice Recorder, and Static Dischargers) By Component (Antenna, Transponder, Receiver, Transmitter, Transceiver, Display & Processor, and Others), By Platform (Fixed-Wing, Rotary-Wing), By Distribution Channel (OEM, Aftermarket) and Regional Forecast till 2026.” The report further mentions that the aircraft communication system market size was USD 915.5 million in 2018 is projected to reach USD 1,688.0 million by 2026, exhibiting a CAGR of 7.95% during the forecast period.
Highlights of This Report
COVID-19 Impact Analysis:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Fortune Business Insights™ presents a list of all the organizations present in the aircraft communication system market. They are as follows:
Drivers & Restraints-
Increasing Number of Aircraft Deliveries to Propel Growth
The number of aircraft deliveries is upsurging day by day, which, in turn, is boosting the aircraft communication system market growth. Airbus S.A.S., for instance, announced that it is planning to deliver around 863 commercial jets by the end of 2019. The high demand for aircraft is further propelling the need for static dischargers, cockpit voice recorder, aircraft antenna, and audio integrating system.
Moreover, the ever-increasing demand for regional jets, commercial aviation, and military helicopters is likely to contribute to the market growth in the coming years. It would occur because of the rising need for aircraft antennas. These are also required for next-generation, innovative aircraft programs. However, creating a strong communication system in the aircraft involves a lot of investments. It may hinder market growth.
Regional Analysis-
North America to Remain at Forefront Fueled by Rising Air Traffic
Geographically, the market is categorized into Asia Pacific, Europe, North America, and the rest of the world. Amongst these, North America held USD 340.5 million in terms of aircraft communication system market revenue in 2018 and it would lead throughout the forecast period. It is likely to occur because of the rising demand for UAVs and high air traffic in the developed countries, such as Canada and the U.S., respectively. Apart from these, the presence of numerous renowned organizations, namely, Lockheed Martin Corporation, Harris Corporation, and Northrop Grumman Systems Corporation in this region would spur growth.
Asia Pacific, on the other hand, is projected to grow at a fast pace in the near future on account of the increasing usage of 3D printed aircraft antennas and UAVs in China. Coupled with this, supportive aviation policy from the governments of several countries and rising number of investments by private companies would skyrocket demand in this region.
Segment-
Communication Radios Segment to Lead Backed by their High Usage in Aircraft
Based on system, the market is grouped into static dischargers, cockpit voice recorder, radio tuning system, communication radios, and audio integrating systems. Out of these, the communication radios segment is anticipated to generate the largest aircraft communication (ACARS) market share in the coming years. This growth is attributable to the extensive utilization of communication radio in business jets, military aircraft, and commercial aircraft. The audio integrating system segment is set to showcase considerable growth stoked by their usage in integrating audio from cockpit services.
Competitive Landscape-
Key Players Focus on Signing Contracts to Gain Competitive Edge
The market is highly fragmented and hence, is competitive. They are signing agreements or contracts with other reputed enterprises to offer them unique products. Some of the companies are also striving to gain approvals from the government bodies for their products.
Below are a couple of the latest vital industry developments:
Browse Complete Summary of research:
https://www.fortunebusinessinsights.com/aircraft-communication-system-market-102541
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
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Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US :+1 424 253 0390
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Nadesłane przez: Mohitpatil
dnia 28-05-2021 07:48
The global non-destructive testing market size is projected to reach USD 13.30 billion by the end of 2027. The presence of several large scale companies in this market will emerge in favour of the growth. According to a report published by Fortune Business Insights, titled “Non-Destructive Testing (NDT) Market Size, Share & COVID-19 Impact Analysis, By Technique (Ultrasonic Testing, Visual Inspection Testing, Magnetic Particle Testing, Liquid Penetrant Testing, Eddy-Current Testing, Radiographic Testing, and Acoustic Emission Testing) By Method (Visual Inspection, Surface Inspection, Volumetric Inspection, and Others), By Service (Ultrasonic Inspection, Equipment Rental Services, Calibration Services, and Training Services), By Vertical (Manufacturing, Oil & Gas, Aerospace, Public Infrastructure, Automotive, Power Generation, and Others)and Regional Forecast, 2020-2027,” the market was worth USD 8.42 billion in 2019 and will exhibit a CAGR of 9.25% during the forecast period, 2020-2027.
Non-destructive testing is an advanced method that is primarily used to detect and evaluate several defects in materials that are used in aerospace industry. This method is essentially used for design and development of several equipment that are used for several purposes in the aerospace industry. The rise of the aerospace industry in the past few years has created several growth opportunities for the companies operating in the global NDT market. The increasing investments in the research and development of efficient products will bode well for the growth of the market in the coming years. Subsequently, the presence of several large scale companies will provide impetus to the growth of the market in the coming years.
Restrictions on Air-travels will have a Slight Adverse Impact on NDT Manufacturers
The recent coronavirus outbreak has created a sense of panic across the world. Due to the rapid spread of the disease, governments across the world are taking strict measures to control the spread of the disease. These measures have subsequently affected several businesses across the world. Due to lockdown, manufacturers in this sector seem to have taken a huge hit in the past few months. Additionally, the risks associated with international travel have compelled governments to ban flights and other modes of travel overseas. Thus, the efforts taken to curb the spread of the disease will ultimately affect the growth of the overall NDT market in the immediate future.
North America to Emerge Dominant; Increasing Demand for Advanced Testing Material to Aid Growth
The report analyses the ongoing market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in North America is projected to emerge dominant in the coming years. The increasing demand for advanced testing material in several countries across this region will create several growth opportunities for the companies operating in this region. Subsequently, the presence of several large scale companies in the United States will have a huge impact on the growth of the regional market. Companies such as Magnaflex Corporation and Acuren Inspection have invested huge capital in the development of technologically advanced non-destructive testing equipment. As of 2019, the market in North America was worth USD 3.09 billion and this value is projected to increase further in the coming years.
Increasing Number of Product Launches will Emerge in Favor of Market Growth
The report encompasses several factors that have contributed to the growth of the overall market in recent years. Accounting to the rising demand for the product across the world and the degree of safety and security involved with it, technological intervention has been maximized in recent years. The presence of several large scale companies involved in the development of efficient products by investing more in the technological intervention will have a positive impact on the growth of the overall market in the coming years. In January 2020, Novosound announced the launch of a new ultrasound sensor tool that is used for inspecting curved surfaces. The Scotland-based company announced that the product is and advanced thin-fil that is flexible in nature. The company is said to have invested around $4.3 million in this product. Novosound’s latest product is an example of rapid technological advancement as well as integration in this sector in recent years.
List of the Leading Companies Profiled in the Global Non-destructive Testing Market are:
Industry Developments:
June 2019: Testia announced the launch of a latest version of its ultrasonic testing device named as a smart UE1 device. This wireless device is said to offer several types of indications such as delaminations, fatigue cracks, lack of cladding, and coating measurements.
Browse a detailed summary of this 160 pages research report:
https://www.fortunebusinessinsights.com/non-destructive-testing-ndt-market-103596
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Connect us via Social Media Channels:
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