Global Aircraft Actuator Market

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

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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FAQs

The 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.

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). Airlines are attempting to draw more customers as demand for air travel continues to rise by enhancing passenger comfort.

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).

The 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. '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.'

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.

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.

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

Product ID: SQSG20R2002

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