Global Aircraft Actuator Market Overview
Aircraft Actuator Market Size was estimated at 7.38 (USD Billion) in 2022. The Aircraft Actuator Market Industry is expected to grow from 7.78(USD Billion) in 2023 to 12.5 (USD Billion) by 2032. The Aircraft Actuator Market CAGR (growth rate) is expected to be around 5.41% during the forecast period (2024 - 2032).
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Key Aircraft Actuator Market Trends Highlighted
The key market drivers for aircraft actuators include rising aircraft production rates ly, increasing demand for fuel-efficient and lightweight aircraft, and growing adoption of fly-by-wire systems. Opportunities to be explored or captured lie in the development of electric and electro-hydraulic actuators, as well as the integration of actuators with sensors and electronics. Trends in recent times show a growing emphasis on safety, reliability, and cost-effectiveness, along with the emergence of new materials and advanced manufacturing techniques.
Aircraft Actuator Market Drivers
Increasing Demand for Aircraft
One of the major factors driving the aircraft actuator market is the increasing demand for aircraft, especially in the commercial aviation sector. The rising air travel demand on account of ization, increasing disposable income, and the rise of emergent countries instead need newer, more modern aircraft, which fuels the demand for the same. This is directly linked to increasing business ly and the modernization of existing fleet and the demands for aircraft both by new and established airlines will help drive the aircraft actuator market.Further, with the increase in the number of aircraft operating, the need for various actuators will also expand, thus propelling the demand for these components.
Advancements in Aircraft Technology
Breaking-news: The development of the Aircraft Actuator Market Industry Leading Players, Reaction Engines Ltd, ELEKTRIM S.A, Meggitt, Lenze, Moog has been driven by advancements in aircraft technology. The integration of new advanced technology into the industry has created new opportunities for companies in the sector. Some of this advanced technology includes fly by wire systems, electric actuation systems, and composite materials, among others.These advanced technologies have substantially improved aircraft performance, efficiency, and safety, thus, increasing the actuator demand for modern type aircraft designs. Additionally, the need for sustainable aviation has triggered the production of lightweight aircraft that can be operated using less energy actuators.
Growing Focus on Safety and Reliability
Safety and reliability being the most important aspects of the aviation industry, actuators play an integral role in ensuring the safety and success of aircraft. With the growing emphasis on regulatory compliance and safety, the demand for high-quality and dependable actuators has significantly increased. Manufacturers are focusing on R to increase the performance of their actuators and ensure dependability. Safety and reliability being the ultimate goal of stakeholders in the aviation industry, it drives the growth of the aircraft actuator market.
Aircraft Actuator Market Segment Insights
Aircraft Actuator Market Actuation Type Insights
One of the most promising segments of the Aircraft Actuator Market is Actuation Type. The demand for aircraft and the need for a more efficient and reliable actuation mechanism will drive this segment. Electromechanical Actuators will make up a huge portion of the market because of their high efficiency, precision, and compactness. These actuators are used in all flight control systems, landing gear systems, and other critical aircraft applications. Electrohydraulic Actuators will also take a huge chunk of the market of the current market.These actuators have the right balance of power, speed, and precision. They provide a high power density and exceptional force output. These actuators are used in various applications, including flight control systems, hydraulic power systems, and more. Pneumatic Actuators will experience a modest growth rate. These actuators are simple, low-cost, and reliable. They are used in many different aircraft auxiliary systems, such as door actuation, ECS, etc.. Hydraulic Actuators will not take more of a market share than they do now. These actuators are known for their high power output and force density.They are used in many aircraft applications, such as flight control systems, landing gear systems, etc. But electromechanical and electrohydraulic actuators are becoming more and more popular, and they are more likely to experience faster growth rates. In conclusion, the Actuation Type segment of the Aircraft Actuator Market will likely experience very robust demand growth because the need for a more efficient and reliable actuation system is becoming more urgent, and because next-generation aircraft will have more next-generation actuation systems.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Aircraft Actuator Market Application Insights
The Aircraft Actuator Market is segmented, based on Application, into Flight Control, Landing Gear, Primary and Secondary Flight Control, Auxiliary Power Unit, and Utility Systems. The Flight Control segment is anticipated to dominate, by holding the largest market share, in 2023. This can be attributed to the increased demand for advanced flight control systems, in order to improve the performance and safety of the aircraft. The Landing Gear segment is also expected to be one of the most prominent segments, by witnessing massive growth. This can be attributed to the increased demand for aircraft that have retractable landing gear systems.The Primary and Secondary Flight Control on the other hand, is expected to witness stable growth owing to the increased implementation of fly-by-wire systems in modern aircrafts. The Auxiliary Power Unit segment is also expected to achieve medium growth, by witnessing, owing to the increased demand for reliable and efficient power supply. The Utility Systems segment is expected to achieve stable growth due to the increasing demand for systems that serve the basic needs of the aircraft such as hydraulics, pneumatics, and lighting.
Aircraft Actuator Market Aircraft Type Insights
The Aircraft Actuator Market is segmented by Aircraft Type into Civil Aircraft, Military Aircraft, Business Jets, and Helicopters. The Civil Aircraft segment held the largest market share in 2023, and is projected to continue to dominate the market throughout the forecast period. The growth of the Civil Aircraft segment can be attributed to the increasing demand for commercial aircraft, particularly in emerging economies. The Military Aircraft segment is expected to witness significant growth over the forecast period, owing to the rising demand for advanced military aircraft and the increasing military spending by various countries.The Business Jets segment is also expected to experience steady growth, driven by the growing demand for private jets from high-net-worth individuals and corporations. The Helicopters segment is expected to witness moderate growth, primarily driven by the increasing demand for helicopters for various applications, such as search and rescue operations, medical evacuation, and law enforcement.
Aircraft Actuator Market Actuator Function Insights
The Aircraft Actuator Market segmentation by Actuator Function comprises Linear Actuators, Rotary Actuators, Servo Actuators, and Control Valves. Rotary actuators are projected to lead the market with a substantial share in 2023, driven by their wide applications in flight control systems, landing gear actuation, and engine actuation. Linear actuators are anticipated to witness a significant growth rate during the forecast period, owing to their increasing adoption in flap and slat actuation systems. Servo actuators play a crucial role in providing precise control and motion in aircraft systems, and are expected to contribute to the overall market growth.Control valves regulate the flow of fluids and gases in aircraft systems, and their demand is expected to rise with the growing focus on aircraft efficiency and performance. The Aircraft Actuator Market revenue for Actuator Function segment is projected to reach USD 4.2 billion in 2024, exhibiting a steady growth trajectory over the forecast period.
Aircraft Actuator Market Regional Insights
The regional segmentation of the Aircraft Actuator Market offers valuable insights into the market's geographical distribution and growth potential. North America is projected to hold the largest market share in 2023, driven by the presence of major aircraft manufacturers and the high demand for commercial aircraft. Europe is expected to follow closely, with a significant market share attributed to the presence of leading aerospace companies and the growing demand for regional aircraft. The Asia-Pacific (APAC) region is anticipated to exhibit the highest growth rate over the forecast period, owing to the increasing demand for aircraft from emerging economies like China and India.South America and the Middle East and Africa (MEA) are expected to contribute a relatively smaller share to the overall market, but offer growth opportunities due to increasing investments in aviation infrastructure and the expansion of low-cost carriers.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Aircraft Actuator Market Key Players And Competitive Insights
In the Aircraft Actuator Market, major players are adopting various strategies to strengthen their position in the market. Leading players in the Aircraft Actuator Market are adopting research and development, and launching new products. Partnerships and collaboration with other companies are some of the other strategies followed by aircraft actuator Market industries. Moreover, with the advent of new technology, companies are adopting new technologies to develop aircraft actuators with high efficiency and performance. The Aircraft Actuator Market is on a surging trend and is expected to record significant growth in coming years due to the rising demand for aircraft and increasing demand for aircraft actuators.Major market players in the Aircraft Actuator Market are Moog Inc. and Honeywell International Inc. Moog In.c is the manufacturer provider of control equipment and systems. The company offers a wide range of products and systems for various applications. The company serves the industrial, commercial and military markets. Moog Inc. offers high-quality products for applications like flight control actuation, landing gear, and utility actuators. Moog Inc. is headquartered in the U.S. the company is majorly involved in mergers, acquisition and partnerships. The company is also taking efforts in research and development and is also adopting new technologies. The company is also focused on introducing innovative and new technologies with advanced products. Moog Inc. has a presence with its manufacturing and product sales offices. The offices are located in the U.S., South America, Europe, the Middle East and Asia Pacific.Honeywell International Inc. is another company providing a wide range of aircraft actuator products. Honeywell International Inc. is a technology and manufacturing company. The company is also primarily focused on research and development that provides products to its customers. Honeywell International Inc. provides actuators for both industrial and commercial applications. The company also deals with a broad range of products and systems. Honeywell International Inc. has a broader sector of applications with industrial products and residential products. The company has established significant partnerships with Boeing and supplies products to this company. Honeywell International Inc. also has a broader network and provides products to customers across over 100 countries.
Key Companies in the Aircraft Actuator Market Include
- Collins Aerospace
- Honeywell
- GE Aviation
- Cobham
- Triumph Group
- Safran
- Eaton
- Raytheon Technologies
- UTC Aerospace
- Parker
- Meggitt
- Liebherr
- CurtissWright
- Moog
- Woodward
Aircraft Actuator Market Industry Developments
The aircraft actuator market is projected to reach USD 12.5 billion by 2032, exhibiting a 5.41% CAGR during the forecast period (2024-2032). Rising demand for commercial aircraft and growing investments in the defense sector are major factors driving the market growth.Recent developments in the market include the increasing adoption of electric actuators, which offer advantages such as reduced weight and improved efficiency. Moreover, the growing focus on aircraft safety and reliability is driving demand for advanced and reliable actuators.Key industry participants include Moog Inc., Safran S.A., Parker Hannifin Corporation, and Woodward, Inc. These companies are investing in research and development to enhance their product offerings and gain a competitive edge in the market.
Aircraft Actuator Market Segmentation Insights
Aircraft Actuator Market Actuation Type Outlook
- Electromechanical Actuators
- Electrohydraulic Actuators
- Pneumatic Actuators
- Hydraulic Actuators
Aircraft Actuator Market Application Outlook
- Flight Control
- Landing Gear
- Primary and Secondary Flight Control
- Auxiliary Power Unit
- Utility Systems
Aircraft Actuator Market Aircraft Type Outlook
- Civil Aircraft
- Military Aircraft
- Business Jets
- Helicopters
Aircraft Actuator Market Actuator Function Outlook
- Linear Actuators
- Rotary Actuators
- Servo Actuators
- Control Valves
Aircraft Actuator Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
7.38(USD Billion) |
| Market Size 2023 |
7.78(USD Billion) |
| Market Size 2032 |
12.5(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
5.41% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Collins Aerospace, Honeywell, GE Aviation, Cobham, Triumph Group, Safran, Eaton, Raytheon Technologies, UTC Aerospace, Parker, Meggitt, Liebherr, CurtissWright, Moog, Woodward |
| Segments Covered |
Actuation Type, Application, Aircraft Type, Actuator Function, Regional |
| Key Market Opportunities |
Rising demand for fuel-efficient aircraftGrowing adoption of electric actuatorsIncreased focus on aircraft safety and reliabilityExpansion of aftermarket servicesTechnological advancements in materials and designs |
| Key Market Dynamics |
Growing demand for fuel-efficient aircraft Rising number of aircraft deliveries Technological advancements in actuator systems Increasing investments in research and development Stringent regulatory standards for aircraft safety |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The aircraft actuator market size was valued at USD 7.78 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 5.41% from 2024 to 2032, reaching USD 12.5 billion by 2032.
North America held the largest market share in 2023, accounting for over 35% of the revenue due to the presence of major aircraft manufacturers and the high demand for commercial and military aircraft.
The commercial aircraft segment is anticipated to register the highest CAGR during the forecast period, driven by the rising demand for new commercial aircraft and the increasing adoption of advanced actuation systems for enhanced aircraft performance and efficiency.
Key competitors in the aircraft actuator market include Safran, Moog Inc., Woodward, Honeywell International Inc., and Eaton Corporation.
The growth of the aircraft actuator market is primarily driven by the increasing demand for commercial and military aircraft, the need for enhanced aircraft performance and efficiency, and the adoption of advanced technologies such as fly-by-wire systems.
The aircraft actuator market faces challenges such as the high cost of development and production, stringent regulatory requirements, and intense competition from established players.
Emerging trends in the aircraft actuator market include the increasing adoption of electric actuators, the use of lightweight materials, and the integration of sensors and actuators for enhanced aircraft performance and efficiency.
The COVID-19 pandemic had a negative impact on the aircraft actuator market in the short term, due to the decline in air travel and the disruption of supply chains. However, the market is expected to recover and resume growth in the long term, driven by the increasing demand for new aircraft.
The aircraft actuator market is projected to grow from USD 7.78 billion in 2023 to USD 12.5 billion by 2032, at a CAGR of 5.41% during the forecast period.
Key factors that will drive the growth of the aircraft actuator market include the increasing demand for commercial and military aircraft, the need for enhanced aircraft performance and efficiency, the adoption of advanced technologies, and the growing emphasis on safety and reliability.
