Jun 2, 2021   SOURCE: BusinessWire

Worldwide Nacelle Actuation System Industry to 2028 - Increased Number of Aircraft is Driving the Market - ResearchAndMarkets.com

The "Nacelle Actuation System Market Size, Share & Analysis, By Platform, By Mechanism, By End Use, By Region, Global Forecast To 2028" report has been added to ResearchAndMarkets.com's offering.

The global nacelle actuation system market size is expected to reach USD 1,161.4 Million in 2028, and register a CAGR of 5.9% during the forecast period.

Development of new-generation aircraft engines and components, coupled with growing demand for noise-reducing and fuel-efficient actuation systems are major factors expected to boost market growth. In addition, stringent safety regulations imposed by governments across the globe and growing adoption of nacelle actuation systems owing to its requirement for process of deceleration are other major factors supporting growth of the global nacelle actuation system market.

Revenue growth of the global nacelle actuation system market is directly proportional to growth of the global airline industry and increasing number of aircrafts. Thus, increasing fleet expansion projects, rising trend of air travel, and need for advanced aircrafts for better safety and travel experience of travelers are factors expected to drive market growth.

High cost and complex process of repairing /remolding aircraft nacelles could hamper adoption of nacelle actuation systems and restrain market growth.

Some Key Findings From the Report:

  • Among the platform segments, the commercial aircraft segment accounted for the largest revenue share in 2020, and is expected to continue contributing major revenue share during the forecast period.
  • Among the mechanism segments, the hydraulic segment accounted for major revenue share in 2020. The electric segment is expected to register a robust revenue CAGR during the forecast period.
  • Among the end-use segments, the Original Equipment Manufacturer (OEM) segment accounted for the largest revenue share in 2020, owing to increasing investments and emphasis on manufacturing military and commercial aircrafts, and business jets, using technologically advanced nacelle actuation systems.
  • The North America market accounted for the largest revenue share in 2020, due to increasing rising expenditure on manufacturing advanced commercials and jets and increasing aircraft upgrade projects.
  • Europe market accounted for second-largest revenue share in 2020, due to mature aviation sector, and high investments to increase fleet size due to increasing trend of air travel.
  • The Asia Pacific market is expected to register a robust revenue CAGR during the forecast period, increasing investments by aviation sector to increase airline fleet size.

Reasons to Buy the Report

  • A robust analysis and estimation of the Nacelle Actuation System Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
  • A holistic competitive landscape of all the major players in the Nacelle Actuation System Market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
  • Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
  • Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
  • Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization

Market Dynamics

Drivers

  • Increased number of aircrafts
  • Rise in the demand for fuel-efficient and noise-reducing nacelles

Restraints

  • Difficulty in repairing or remolding aircraft nacelles

Companies Mentioned

  • Woodward Inc. (U.S.)
  • Arkwin Industries (U.S.)
  • Honeywell International (U.S.)
  • Safran (France)
  • Collins Aerospace (U.S.)
  • Triumph Group (U.S.)
  • Parker Hannifin Co. (U.S.)
  • Diakont (U.S.)
  • Ametek (U.S.)
  • Nordan (Norway)

For more information about this report visit https://www.researchandmarkets.com/r/8ep3si