Product ID: SQSG20R2002
Global Aircraft Actuator Market Size, Share, Growth Analysis, By Motion(Linear, Rotary), By Actuator Type(Hydraulic, Pneumatic), By Platform(Narrow Body Aircraft (NBA), Wide Body Aircraft (WBA)), By Installation(Power Generation & Distribution Systems, Flight Control Systems) - Industry Forecast 2024-2031
Report ID:
SQSG20R2002 |
Region:
Global |
Published Date: April, 2024
Pages:
260
|
Tables:
131 |
Figures:
77
Global Aircraft Actuator Market Insights
Global Aircraft Actuator Market size was valued at USD 13.64 billion in 2019 and is poised to grow from USD 15.12 billion in 2023 to USD 29.91 billion by 2031, growing at a CAGR of 10.7% in the forecast period (2024-2031).
Over the projected time frame, demand for aeroplane actuators is anticipated to increase significantly. During the forecast period, it is anticipated that rising demand for civil aeroplanes due to an increase in global population and quick technological advancements will fuel the worldwide aircraft actuator market. In addition, factors including escalating urbanisation and the quick rise of emerging economies are anticipated to support business expansion. The market demand is anticipated to be driven by technological improvements that are defined by a shift in aircraft trends toward electric propulsion by using electrical actuation systems instead of hydraulic and pneumatic actuators. The electric aircraft, sometimes referred to as More Electric Aircraft (MEA), helps pilots fly more maneuverably and efficiently while also reducing body weight and maximising fuel efficiency.
Commercial aeroplanes employ aircraft actuators extensively in their landing gear, flight controls, position feedback, clutches, load limiters, manual drives, seat actuation, and electromagnetic brakes. By manipulating levers and valves, actuators regulate and limit engine speed and velocity. The flow of a medium is stopped by valves in an emergency, assuring safety. A humidification system valve continuously moistens the fresh air inside an aeronautical body.
Electric actuators are becoming more popular. Future demand for electric actuators is anticipated to rise as a result of technological developments in areas including permanent magnet material, robustness, efficiency, and electromagnetic designs. The power density has grown thanks to these improvements in electric actuators, which also provide superior performance in a variety of applications at a lower cost. In addition, compared to their hydraulic and pneumatic cousins, electric actuators are lighter. The reduced pressure that lowers the flight control system's energy consumption makes electric actuators even more alluring. As a result, mechanical and hydraulic systems were being replaced by electrical systems more and more.
US Aircraft Actuator Market is poised to grow at a sustainable CAGR for the next forecast year.
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Global Aircraft Actuator Market Segmental Analysis
The Global Aircraft Actuator Market is segmented based on the Motion, Actuator Type, Platform, Installation, and Region. Based on the Motion, the Global Aircraft Actuator Market is segmented as Linear and Rotary. Based on the Actuator Type, the Global Aircraft Actuator Market is segmented as Hydraulic, Pneumatic, Electric, Electromechanical, and Electrohydrostatic. Based on the Platform, the Global Aircraft Actuator Market is segmented as Narrow Body Aircraft (NBA), Wide Body Aircraft (WBA), Extra Wide Body Aircraft (EWBA), Regional Transport Aircraft (RTA), Fighter Jets, Special Mission Aircraft, Trainer Aircraft, Military Transport Aircraft, Business Jets, Helicopters, Unmanned Aircraft, VTOLs and Air Taxis. Based on the Installation, the Global Aircraft Actuator Market is segmented as Power Generation & Distribution Systems, Flight Control Systems, Fuel Management systems, Landing Gear & Braking systems, Passenger Comfort, and Others. Based on Region Aircraft Actuator Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Aircraft Actuator Market Analysis by Motion
Due to its precision and controllability, the linear actuator market sector was expected to be the largest one. During the forecast period, the linear actuator segment is expected to increase at the quickest rate. The market is expected to expand more quickly due to the increase in demand for electro-mechanical linear actuators, such as ball screw actuators in airplanes. The market's expansion is anticipated to be significantly influenced by the rotary actuator segment. The market for aircraft actuators is expected to expand due to the increased use of servo motors in flight control systems.
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Global Aircraft Actuator Market Regional Insights
Aviation actuator sales are predicted to be dominated by North America, followed by Europe and Asia-Pacific. Due to the increased adoption of updated safety measures by the major American airlines, including United Airlines, Inc., Delta Airlines, Inc., and American Airlines, Inc., the market in North America is anticipated to expand during the projected period. Manufacturers of airplane actuators in developed nations like the U.S. are investing in the R&D for more electric aircraft, and lightweight actuator technologies are anticipated to drive the market's expansion. During the projection period, Europe is anticipated to have significant market development due to the rising need for actuator technology upgrades for enhanced reliability and efficiency of the aircraft.
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Global Aircraft Actuator Market Dynamics
Aircraft Actuator Market Driver
Increased Demand For Commercial Aircraft
- The need for commercial aircraft has grown as a result of expanding air travel demand and aircraft deliveries. It is anticipated that the market would develop as a result of the rise in aircraft deliveries in Asia-growing Pacific nations, including China and India. The International Aviation Transport Association (IATA) estimates that by 2037, air traffic would have doubled, necessitating the purchase of more than 37,000 additional passengers and freight aircraft.
Aircraft Actuator Market Restraint
Government regulations regarding certification
- The usage of mechanical or electrical components in the aviation sector is subject to strict norms and regulations, which the industry abides by. OEMs are required by the Federal Aviation Administration to abide by specific standards and certifications known as airworthiness directives (AD) on safety, leakage, and design issues (FAA). The FAA has issued the ADs as legally binding rules to rectify dangerous product conditions. Manufacturers of aircraft landing gear need a long lead time to create durable products that can meet aviation standards and all regulations, which delays product introductions and lowers market revenues for aircraft actuators. Therefore, the extensive and time-consuming certification procedure is limiting the market growth for airplane actuators.
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Global Aircraft Actuator Market Competitive Landscape
The Global Aircraft Actuator market is relatively fragmented, with a high level of competition. Companies are working on new product launches and other initiatives to provide better equipment to their customers and expand their companies globally. These industry leaders are expanding their client base in a variety of ways, and many organizations are forming strategic and creative partnerships with other start-up businesses in order to increase market share and profitability.
Aircraft Actuator Market Top Player's Company Profiles
- Honeywell International Inc.
- Safran
- Woodward Inc.
- Parker Hannifin Corporation
- UTC Aerospace Systems
- Moog Inc.
- Meggitt PLC
- Curtiss-Wright Corporation
- Eaton Corporation
- Liebherr-International AG
- AMETEK Inc.
- Zodiac Aerospace
- Arkwin Industries Inc.
- Triumph Group, Inc.
- Crane Aerospace & Electronics
- Nabtesco Corporation
- Beaver Aerospace & Defense, Inc.
- Dukes Aerospace Inc.
- Sitec Aerospace GmbH
- Beaver Aerospace & Defense, Inc.
Aircraft Actuator Market Recent Developments
- In January 2020, a new series of electromechanical actuators being developed by Honeywell with urban air mobility in mind was revealed. The major flight control surfaces of these actuators are anticipated to be moved only by electric power.
- In January 2020, Eaton stated that it has reached a deal to sell Danfoss A/S its hydraulics business for USD 3.3 billion.
- In June 2019, in order to modernize the approach to autonomous flying, Collins Aerospace and Sikorsky teamed together. The Optionally Piloted Vehicle (POV) system as well as a triple-redundant system for safety-critical applications, including jam-free electromechanical actuators, will have chances to build new retrofit solution demonstrations as a result of this.
- In February 2019, Safran purchased Collins Aerospace's electromechanical systems division. It is anticipated that this purchase would aid in the company's product portfolio expansion in the actuator and pilot control applications.
Global Aircraft Actuator Key Market Trends
- Electrical actuation systems have replaced traditional hydraulic actuators in a variety of aviation applications as a result of the idea of more electric aircraft (MEA). The dynamics of an actuator used in an electric aircraft are frequently incorporated. The most popular actuator systems that satisfy the needs relating to weight, dependability, space, and climatic conditions are electromechanical and piezoelectric actuators.
- Airlines are attempting to draw more customers as demand for air travel continues to rise by enhancing passenger comfort. Engineers are working on facilities that satisfy passenger comfort demands while maintaining the size, cost, and safety constraints of the aircraft systems and components. Given that the seat is a key component of the aircraft sector, airlines are always introducing new seating options, designs, and features. Because fuel prices are on the rise, airplane manufacturers are making investments in technology that uses less fuel by making their aircraft lighter. The new seat actuation systems employ electromechanical actuators (EMA) to lighten the weight of the seats while enhancing passenger comfort.
Global Aircraft Actuator Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Aircraft Actuator Market Analysis, the market is being driven by the increasing use of aircraft actuators in military aircraft as a result of increased defense spending in emerging economies worldwide. Additionally, the booming aviation sector in both developed and emerging nations, fast urbanization, manufacturers' rising propensity to create lightweight aircraft, and other factors play a significant role in the market's expansion.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 13.64 billion |
| Market size value in 2031 | USD 29.91 billion |
| Growth Rate | 10.7% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Aircraft Actuator Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Aircraft Actuator Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Aircraft Actuator Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Aircraft Actuator Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Aircraft Actuator Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Aircraft Actuator Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Aircraft Actuator Market Report Snapshots
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