Global Aircraft Hydraulic Actuator Market Overview
Aircraft Hydraulic Actuator Market Size was estimated at 4.71 (USD Billion) in 2022. The Aircraft Hydraulic Actuator Market Industry is expected to grow from 4.89(USD Billion) in 2023 to 6.81 (USD Billion) by 2032. The Aircraft Hydraulic Actuator Market CAGR (growth rate) is expected to be around 3.75% during the forecast period (2024 - 2032).
Key Aircraft Hydraulic Actuator Market Trends Highlighted
Aircraft hydraulic actuators play a crucial role in controlling flight surfaces, landing gear, and other critical systems. The increasing demand for commercial and military aircraft, coupled with the growing popularity of electric aircraft, is driving growth in the aircraft hydraulic actuator market. Additionally, advancements in materials technology, such as the development of lightweight and durable alloys, are creating opportunities for innovation and performance enhancement.
Key market drivers include the rising demand for fuel-efficient aircraft, the increasing complexity of flight control systems, and the growing emphasis on safety and reliability. Opportunities to be explored or captured include the development of smart actuators with integrated sensors and controls, the adoption of advanced manufacturing techniques, and the expansion into emerging markets. Recent trends in the aircraft hydraulic actuator market include the growing use of electrohydrostatic actuators (EHA) for improved performance and efficiency, the integration of hydraulic systems with fly-by-wire technology, and the adoption of condition-based monitoring systems for predictive maintenance.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Aircraft Hydraulic Actuator Market Drivers
Increasing Demand for More Efficient and Reliable Aircraft Systems
The aviation industry is constantly seeking to improve the efficiency and reliability of aircraft. Consequently, the market for aircraft hydraulic actuators designed to meet these needs is growing. These devices are used to control a range of aircraft systems, including the flight controls, landing gear, and brakes. They are also used to control auxiliary power units and other critical systems. Several factors are driving the market for hydraulic actuators, including the need to enhance the efficiency and reliability of aircraft systems while accommodating composite construction, the use of lighter, smaller actuators, and reducing maintenance costs.As a result, the Global Aircraft Hydraulic Actuator Market Industry is expected to exhibit rapid growth in the coming years.
Growing Adoption of Fly-by-Wire Technology
The fly-by-wire system uses electronic signals to control an aircraft's flight control. Additionally, these types of systems are more efficient and dependable than the original hydraulic systems, and there are many benefits that come with this type of technology, such as lighter flight, higher maneuverability, and maximum safety. Due to the growth of Fly-by-wire technology, the demand for aircraft Hydraulic Actuators is also growing. The hydraulic actuator has to be lightweight, small in size, and have a high level of precision to satisfy such technology’s needs.Overall, the growing FBW technology can benefit the Global Aircraft Hydraulic Actuator Market Industry.
Rising Demand for Regional and Business Jets
The demand for regional and business jets is increasing at a rapid pace. The rise in the global economy, a dramatic increase in the number of high-net-worth individuals, and an increase in the popularity of fractional ownership and charter services are some of the factors that are increasing the demand for regional and business jets. An aircraft hydraulic actuator is used to control various systems on a regional and business jet, such as flight controls, landing gear, and brakes.The increase in demand for regional and business jets is creating a high demand for aircraft hydraulic actuators. Thus, the increasing demand for regional and business jets would be a major driver for the Global Aircraft Hydraulic Actuator Market Industry.
Aircraft Hydraulic Actuator Market Segment Insights
Aircraft Hydraulic Actuator Market Actuator Type Insights Â
According to this study, in 2023, the Linear Actuators segment accounted for over 55.0% of the Global Aircraft Hydraulic Actuator Market revenue, thus holding the largest share of the market. This type of actuator is increasingly employed in various types of flight control systems, landing gear systems, and other vital aircraft systems, which contributes to the segment’s large share of the market. Rotary Actuators are expected to become a rapidly growing market segment in the next few years because of the advantages of this actuator type in the context of increasing demand from customers all around the world for precise control and high torque in tasks such as flap actuation systems.In addition, Whytes et al. noticed a type of hydraulic actuator that is a product of technological advancements and development in hydraulics is the Electrohydrostatic Actuator; it is expected to gain popularity in the next few years because of its advantages, such as high-power density, low noise, and minimal maintenance. Thus, in the next few years, the Global Aircraft Hydraulic Actuator Market will be on the rise and will increase by a significant margin.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Aircraft Hydraulic Actuator Market Application Insights Â
In terms of application, the global market of aircraft hydraulic actuators is divided into the flight control system, landing gear system, braking system, and cargo handling system. The flight control system sector was the most significant one in the market in 2023, and its share is likely to grow over the examined period. This growth will be propelled by the rising demand for up-to-date flight control systems, such as fly-by-wire and fly-by-light systems, due to their capacity to improve aircraft controllability and safety. Additionally, new aircraft production and the necessity for the planes to be frequently maintained and repaired will spur the growth of the landing gear system sector.The braking system and cargo handling system will demonstrate a steady increase in their contributions to the market growth due to the growing number of aircraft deliveries and the demand for effective cargo handling solutions.
Aircraft Hydraulic Actuator Market Aircraft Type Insights Â
The Global Aircraft Hydraulic Actuator Market is segmented based on Aircraft Type into Fixed-Wing Aircraft, Helicopters, and Unmanned Aerial Vehicles. The Fixed-Wing Aircraft segment held the largest market share in 2023 and is expected to continue its dominance throughout the forecast period. The growth of this segment can be attributed to the increasing demand for commercial aircraft and the modernization of existing fleets. Helicopters are expected to witness significant growth during the forecast period due to their increasing use in military and parapublic applications.Unmanned Aerial Vehicles are also expected to experience steady growth due to their growing adoption in military and commercial applications.
Aircraft Hydraulic Actuator Market Source Insights Â
OEMs are expected to dominate the global aircraft hydraulic actuator market in the coming years, owing to the increasing demand for new aircraft and the need for regular maintenance and repair of existing aircraft. Some of the key players in the market include Eaton Corporation, Moog Inc., Parker Hannifin Corporation, Safran S.A., and UTC Aerospace Systems.
Aircraft Hydraulic Actuator Market End-User Insights Â
The Global Aircraft Hydraulic Actuator Market is segmented based on End-User into Commercial Airlines, Business Aviation, and Defense and Military. The Commercial Airlines segment accounted for the largest revenue share in 2023, owing to the increasing demand for commercial aircraft and the growing number of air passengers. The Business Aviation segment is expected to witness significant growth over the forecast period due to the rising demand for private jets and business aircraft. This segment includes aircraft used for corporate travel, private transportation, and other business purposes.The Defense and Military segment is expected to hold a steady share of the market, driven by the demand for military aircraft and the need for hydraulic actuators in aircraft systems such as flight controls, landing gear, and weapon systems.
Aircraft Hydraulic Actuator Market Regional Insights Â
The North American region is expected to account for the largest share of the global aircraft hydraulic actuator market in 2024, owing to the presence of major aircraft manufacturers, such as Boeing and Lockheed Martin, in the region. The region is also home to a large number of commercial airlines, which are expected to drive the demand for aircraft hydraulic actuators in the coming years. The European region is expected to be the second largest market for aircraft hydraulic actuators, followed by the Asia-Pacific region. The Asia-Pacific region is expected to witness significant growth in the coming years due to the increasing demand for aircraft from emerging economies, such as China and India.The South American and Middle Eastern regions are expected to account for a smaller share of the global aircraft hydraulic actuator market in 2024. However, these regions are expected to witness steady growth in the coming years due to the increasing demand for aircraft from these regions.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Aircraft Hydraulic Actuator Market Key Players And Competitive Insights
Apart from continuous product development and expansion, major players in the Aircraft Hydraulic Actuator Market industry are investing in research and development. They are also focusing on strategic partnerships and acquisitions to strengthen their position. They are adopting various growth strategies, such as new product launches, partnerships, and acquisitions, to gain a competitive edge in the market. The Aircraft Hydraulic Actuator Market Competitive Landscape is expected to remain highly competitive in the coming years, with both established players and new players entering the market.Henrob is a global aerospace hydraulic actuator designer and manufacturer. Headquartered in Helsinki, Finland, the company offers a range of linear and rotary actuators as well as actuation systems for the aerospace industry. Henrob’s products can be used in various aerospace applications, including flight control, landing gear, and engine control. The company has a stable customer base, including many aircraft manufacturers and airlines in various parts of the world. Henrob is committed to providing high-quality products and services for its customers. The company has a team of experienced engineers and technicians who are enthusiastic about making advanced products and strive to become one of the leaders in the global aircraft hydraulic actuator market.
Founded in 1950 and headquartered in East Aurora, N.Y., Moog Inc. is a global company that designs, manufactures, and integrates precision control components and systems. The company’s products play a variety of roles in different applications, including aerospace, defense, and industrial. Among its aerospace products are hydraulic and electric actuators and flight control systems. These products are used in a wide range of aerospace applications, including flight control, landing gear, engine control, and more. Though Moog’s aircraft hydraulic actuator offerings are only a portion of the company’s product line, it is still one of the leading aerospace actuator manufacturers. Moog’s approach to creating a vast engineering team with decades of experience to provide high-quality control products has been successful and will most likely enable Moog to remain one of the leaders in the global aircraft hydraulic actuator market.
Key Companies in the Aircraft Hydraulic Actuator Market Include
- Safran S.A.
- General Electric Company
- Meggitt PLC
- Leonardo S.p.A.
- The Boeing Company
- Eaton Corporation plc
- Woodward, Inc.
- Raytheon Technologies Corporation
- LiebherrAerospace Lindenberg GmbH
- Parker Hannifin Corporation
- Honeywell International Inc.
- CurtissWright Corporation
- Airbus S.A.S.
- Moog Inc.
Aircraft Hydraulic Actuator Market Industry Developments
The global aircraft hydraulic actuator market is projected to reach USD 6.81 billion by 2032, exhibiting a CAGR of 3.75% during the forecast period (2024-2032). Growth in the aviation industry, rising demand for fuel-efficient aircraft, and increasing adoption of advanced hydraulic systems are key factors driving market expansion. Technological advancements, such as the integration of electric actuation systems, are also contributing to market growth. Major players in the market include Parker Hannifin, Eaton, Safran, and Moog Inc., who are focusing on strategic partnerships and product innovation to maintain their competitive edge. Recent news developments include the launch of a new range of hydraulic actuators by Parker Hannifin, designed to improve aircraft performance and reduce maintenance costs. Additionally, Safran has secured a contract to supply hydraulic actuators for the Airbus A320neo aircraft family.Aircraft Hydraulic Actuator Market Segmentation Insights
Aircraft Hydraulic Actuator Market Actuator Type Outlook
- Linear Actuators
- Rotary Actuators
- Electrohydrostatic Actuators
Aircraft Hydraulic Actuator Market Application Outlook
- Flight Control Systems
- Landing Gear Systems
- Braking Systems
- Cargo Handling Systems
Aircraft Hydraulic Actuator Market Aircraft Type Outlook
- Fixed-Wing Aircraft
- Helicopters
- Unmanned Aerial Vehicles
Aircraft Hydraulic Actuator Market Source Outlook
- OEMs
- Aftermarket Suppliers
Aircraft Hydraulic Actuator Market End-User Outlook
- Commercial Airlines
- Business Aviation
- Defense and Military
Aircraft Hydraulic Actuator Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
Aircraft Hydraulic Actuator Market Report Scope
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Report Attribute/Metric
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Details
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Market Size 2022
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4.71(USD Billion)
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Market Size 2023
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4.89(USD Billion)
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Market Size 2032
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6.81(USD Billion)
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Compound Annual Growth Rate (CAGR)
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3.75% (2024 - 2032)
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Report Coverage
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Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
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Base Year
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2023
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Market Forecast Period
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2024 - 2032
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Historical Data
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2019 - 2023
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Market Forecast Units
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USD Billion
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Key Companies Profiled
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Safran S.A., General Electric Company, Meggitt PLC, Leonardo S.p.A., The Boeing Company, Eaton Corporation plc, Woodward, Inc., Raytheon Technologies Corporation, LiebherrAerospace Lindenberg GmbH, Parker Hannifin Corporation, Honeywell International Inc., CurtissWright Corporation, Airbus S.A.S., Moog Inc.
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Segments Covered
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Actuator Type, Application, Aircraft Type, Source, End-User, Regional
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Key Market Opportunities
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1. Rising demand for new aircraft2. Technological advancements in aircraft design3. Growing focus on fuel efficiency4. Increasing investments in the aerospace sector5. Proliferation of unmanned aerial vehicles UAVs
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Key Market Dynamics
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Rising demand for lightweight actuators Increasing adoption of electric actuators Technological advancements Growing demand for commercial aircraft Stringent safety regulations
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Countries Covered
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North America, Europe, APAC, South America, MEA
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Frequently Asked Questions (FAQ) :
The global aircraft hydraulic actuator market was valued at USD 4.89 billion in 2023 and is expected to reach USD 6.81 billion by 2032, registering a CAGR of 3.75% over the forecast period.
North America is expected to dominate the global aircraft hydraulic actuator market over the forecast period, owing to the presence of major aircraft manufacturers and a large number of commercial aircraft in the region.
The growth of the global aircraft hydraulic actuator market is primarily driven by the increasing demand for new aircraft, rising air passenger traffic, and the growing need for aircraft maintenance, repair, and overhaul (MRO) services.
Commercial aircraft applications account for the largest share of the global aircraft hydraulic actuator market, owing to the high demand for new commercial aircraft and the large number of commercial aircraft in operation.
Key competitors in the global aircraft hydraulic actuator market include Eaton Corporation, Parker Hannifin Corporation, Safran S.A., Woodward, Inc., and Moog Inc.
The global aircraft hydraulic actuator market faces challenges such as stringent regulations, high development costs, and intense competition from both established and emerging players.
Emerging trends in the global aircraft hydraulic actuator market include the adoption of electric actuators, the use of composite materials, and the integration of sensors and electronics.
The COVID-19 pandemic had a negative impact on the global aircraft hydraulic actuator market due to the decline in air travel and the slowdown in aircraft production.
Key opportunities for growth in the global aircraft hydraulic actuator market include the rising demand for electric actuators, the growing adoption of composite materials, and the increasing need for MRO services.
The future prospects for the global aircraft hydraulic actuator market are positive, driven by the increasing demand for new aircraft, the growing air passenger traffic, and the need for aircraft MRO services.
