Aircraft Actuator Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Aircraft Actuator Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Aircraft Actuator Market

The Aircraft Actuator market size was valued at USD 19.01 billion in 2023, and the market is now projected to grow from USD 21.68 billion in 2024 to USD 40.67 billion by 2032, exhibiting a CAGR of 8.18% during the forecast period of 2024-2032.

The Aircraft Actuator Market growth was also affected by the COVID-19 pandemic, variable demand reduction resulted from travel restrictions and an economic downturn. As far as actuator procurement was concerned, airline operators postponed such as fleet expansion and maintenance. Nevertheless, aviation recovery coupled with automation enhancement and effectiveness pursuit should facilitate market rebound.

Potential fuel savings, pilot shortages solutions, cuts in airline operating costs with autonomous airplanes. The ATTOL project developed by Airbus, investigates this effect of autonomy. In Jan, 2020 automatic vision-based takeoff was successfully completed by Airbus for the first time ever. Commercial and military applications including modern warfare and border patrolling drive rising demand for UAVs hence further boosting the Aircraft Actuator Market share for UAV.

An increase in electric aircraft (MEA) is driving a preference for electrical actuation systems in place of hydraulic ones. For the weight, reliability, and space required by manufacturers, electromechanical and piezoelectric actuators have been designed. Market leaders (e.g., Lockheed Martin) have projected that the whole move towards MEA will help in saving procurement costs as well as reducing costs of low-cost carriers which spur production of electric airplanes.

Comprehensive Aircraft Actuator Market

The Aircraft Actuator market is rising at an exponential rate due to its market segmentation. These segmentations are methodically segregated by Motion Analysis, by Actuator Type Analysis, by Platform Analysis, by Installation Analysis, by End-User Analysis. The Motion Analysis include linear and rotary. The Actuator Type Analysis includes hydraulic, pneumatic, electric, electromechanical, and electrohydrostatic. The Platform Analysis includes fixed-wing and rotary-wing. The Installation Analysis includes flight control system, fuel management system, power generation & transmission system, landing gear & braking system, passenger comfort, and others. The End-User Analysis includes Original Equipment Manufacturer (OEM) and aftermarket.

The North America region lead the Aircraft Actuator market by benefitting a market size of USD 8.04 billion in 2023 due to the region benefits from a strong network of suppliers and vendors specializing in aircraft components, including actuators.

The top players in the market play a crucial role in the Aerospace & Defence industry assuring industrial prospectus growth and setting market standards. These players include, Parker Hannifin Corporation (U.S.), Eaton Corporation Inc. (U.S.), Rockwell Collins (U.S.), Moog Inc. (U.S.), TAMAGAWA SEIKI Co. Ltd. (Japan), Sitec Aerospace GmbH (Germany), Honeywell International Inc. (U.S.), Woodward Inc. (U.S.), Northrop Grumman Corporation (U.S.), Saab AB (Sweden), The Boeing Company (U.S.), Lockheed Martin Corporation (U.S.) these market players provide a competitive landscape.

In July 2022, Curtiss Wright, a US based aviation company that manufactures and provides upgrade services recently upgraded the JBD- Jet Blast Deflector, and Barricade Stanchion Actuators which facilitate aircraft launch and recovery in Gerald R. Ford. This upgrade was made as the carrier was being prepared for its deployment after a successful shock trial.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 8.18% from 2024 to 2032

Unit Value (USD Billion)

Segmentation

By Motion

Linear

Rotary

By Actuator Type

Hydraulic

Pneumatic

Electric

Electromechanical

Electrohydrostatic

By Platform

Fixed-Wing

- Commercial Aircraft

- Business Aircraft

- Military Aircraft

- General Aviation Aircraft

Rotary-Wing

- Military Helicopter

- Commercial Helicopter

By Installation

Power Generation & Distribution System

Flight Control System

Fuel Management System

Landing Gear & Braking System

Passenger Comfort

Others

By End-User

OEM

Aftermarket

By Region

North America (By Motion, Actuator Type, Platform, Installation, End-User, and Country)

- U.S. (By Platform)

- Canada (By Platform)

Europe (By Motion, Actuator Type, Platform, Installation, End-User, and Country)

- U.K. (By Platform)

- Germany (By Platform)

- France (By Platform)

- Russia (By Platform)

Asia Pacific (By Motion, Actuator Type, Platform, Installation, End-User, and Country)

- India (By Platform)

- China (By Platform)

- Japan (By Platform)

- Australia (By Platform)

Rest of the World (By Motion, Actuator Type, Platform, Installation, End-User, and Country)

- Latin America (By Platform)

Middle East & Africa (By Platform)


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