Aircraft Elevator Market Forecasts to 2028 – Global Analysis By Type (Wide Body Aircraft, Narrow Body Aircraft, Regional Jet and Other Types), Wing Type (Fixed Wing Aircraft and Rotary Wing Aircraft), Product, Application and By Geography
According to Stratistics MRC, the Global Aircraft Elevator Market is accounted for $2.58 billion in 2022 and is expected to reach $3.68 billion by 2028 growing at a CAGR of 6.09% during the forecast period. An aircraft elevator is seen as a critical component of the primary flight control systems of an aircraft. It is located at the rear end on either side of the tail fin. On some aircraft, it is located on the front side, in front of the wings. In order to keep the nose of the aircraft up or down during ascent or descent, elevator is employed to manage an aircraft's pitch. The functionality of different types of aircraft elevators' mechanisms in relation to aerodynamic forces determines their fundamental characteristics.
According to the International Air Transport Association (IATA) report, the number of passengers travelling by air in 2015 augmented to 3.4 billion passengers which are anticipated to touch 7.3 billion by 2034.
Market Dynamics
Driver:
Growing demand for commercial aircraft
The increased freight and passenger traffic has increased the need for commercial airplanes. Because air travel needs the least amount of time compared to other means of transportation, commercial aircraft are predicted to expand in number. The need for freight services has increased globally due to improved commercial links. This is anticipated to fuel demand for commercial aircraft and support the expansion of the aircraft elevators market throughout the forecast period.
Restraint
Stringent safety regulations
While making aircraft elevators, there are a number of safety rules that must be adhered to. They include rules established by the Federal Aviation Administration, the International Civil Aviation Organization, and the International Organization for Standardization (ISO) (FAA). These laws all need rigorous adherence and are fairly onerous. This may prevent the market for airplane elevators from expanding.
Opportunity
Increasing number of air passenger
According to estimates, a rise in air travel, particularly in emerging nations, would boost the need for commercial aircraft, which will have an impact on the market for aircraft elevators and create attractive growth prospects. Large numbers of big body aircraft are being ordered by several important market participants. In consequence, it is projected that this will have a significant impact on market growth in the upcoming years.
Threat
Limited space availability
Planes have a certain amount of room, and every square inch is effectively used. The space left behind for the construction of airplane elevators is quite limited. Some airlines could decide against using this option as a result of this. This might provide a problem for the market expansion for aircraft elevators.
Covid-19 Impact
The COVID-19 pandemic has had a devastating impact on the aviation industry globally as all air travels came to a halt. Most commercial projects were ordered to be shut down to curb the spread of the virus. It has resulted in a number of supply chain and workflow problems. They have significantly impacted the demand for elevators for few months. Such elements have had a detrimental impact on the market's expansion for aircraft elevator.
The rotary wing aircraft segment is expected to be the largest during the forecast period
The rotary wing aircraft segment is estimated to have a lucrative growth, due to its ability to take off, hover, and land vertically without needing a runway or a long stretch of flat land. It features an engine installed atop a rotating mast or head, allowing it to revolve to control movement in either the right or left directions. They are more suited to commercial purposes due to their hovering ability, capacity to transport large cargoes, and steadiness in severe winds. The segment's demand is being fuelled by its dependability and simplicity of operation.
The commercial air transport segment is expected to have the highest CAGR during the forecast period
The commercial air transport segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its reliable transportation and speedy delivery. It promotes economic expansion and makes travel and trading abroad easier. The airline will provide numerous flights per day on the same route, and these flights often make multiple stops at busy airports, which are boosting the segment's growth.
Region with largest share
Asia Pacific is projected to hold the largest market share during the forecast period owing to the increasing air traffic and investments by the OEMs. It is among the fastest-growing regions in terms of the aviation sector. In this region, reliance on small and medium wide-body aircraft as well as air passenger traffic are both increasing rapidly. The market expansion in the Asia Pacific is being driven by factors such increased demand for new commercial aircraft, modernisation of current fleets, rising fuel prices, and modifications to regulatory standards.
Region with highest CAGR
Europe is projected to have the highest CAGR over the forecast period, owing to the early adoption of new technologies and a well-developed industrial sector. In order to improve safety and visual appeal, commercial areas including airports, retail malls, hospitals, hotels, and workplaces are undergoing an increasing number of modernization and remodelling projects. The market is benefiting from significant technical advancements and increased investments in the building industry in this area.
Key players in the market
Some of the key players profiled in the Aircraft Elevator Market include Honeywell International Inc, Hitachi Ltd, BAE Systems, Raytheon Technologies Corporation, Airbus S.A.S, Mitsubishi Electric Corporation, Moog Inc, Nabtesco Corporation, PAR Systems, Toshiba Elevator and Building Systems Corporation, Liebherr, Otis Elevator Company, KONE Corporation, FUJITEC CO, Xizi United Holdings Limited, Crane Co, Coastal Elevator Service Corp and Aerospace And Aviation Ltd.
Key Developments
In January 2023, Honeywell launched disruptive research on hydrogen fuel cells for aircraft. Project NEWBORN will involve multidisciplinary collaboration between 18 partners from 10 European countries to develop an aerospace-qualified megawatt-class fuel cell propulsion system powered by hydrogen.
In January 2023, Mitsubishi Electric US, Inc. announced its drone-based logistics operations management platform, called AnyMile, a solution that is designed to enable businesses and fleet operators to schedule and manage cargo deliveries via drones over long distances of up to several hundred miles.
In September 2022, Hitachi, Ltd. announced that it acquired Flexware Innovation, Inc., which has been a leading manufacturing Systems Integrator (SI) since 1996. Flexware Innovation was a strategic acquisition for Hitachi due to its focus on the TOTAL SEAMLESS SOLUTION*1 that links ""shop floor"" and ""top floor"" with data and digital technology.
Types Covered:
• Wide Body Aircraft
• Narrow Body Aircraft
• Regional Jet
• Other Types
Wing Types Covered:
• Fixed Wing Aircraft
• Rotary Wing Aircraft
Products Covered:
• Horizontal Stabilator Aircraft Elevator
• Elevons Aircraft Elevator
• Levcons Aircraft Elevator
Applications Covered:
• Business & General Aviation
• Commercial Air Transport
• Military Aviation
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
- 1 Executive Summary
- 2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
- 3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Product Analysis
- 3.7 Application Analysis
- 3.8 Emerging Markets
- 3.9 Impact of Covid-19
- 4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
- 5 Global Aircraft Elevator Market, By Type
- 5.1 Introduction
- 5.2 Wide Body Aircraft
- 5.3 Narrow Body Aircraft
- 5.4 Regional Jet
- 5.5 Other Types
- 6 Global Aircraft Elevator Market, By Wing Type
- 6.1 Introduction
- 6.2 Fixed Wing Aircraft
- 6.3 Rotary Wing Aircraft
- 7 Global Aircraft Elevator Market, By Product
- 7.1 Introduction
- 7.2 Horizontal Stabilator Aircraft Elevator
- 7.3 Elevons Aircraft Elevator
- 7.4 Levcons Aircraft Elevator
- 8 Global Aircraft Elevator Market, By Application
- 8.1 Introduction
- 8.2 Business & General Aviation
- 8.3 Commercial Air Transport
- 8.4 Military Aviation
- 9 Global Aircraft Elevator Market, By Geography
- 9.1 Introduction
- 9.2 North America
- 9.2.1 US
- 9.2.2 Canada
- 9.2.3 Mexico
- 9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 Italy
- 9.3.4 France
- 9.3.5 Spain
- 9.3.6 Rest of Europe
- 9.4 Asia Pacific
- 9.4.1 Japan
- 9.4.2 China
- 9.4.3 India
- 9.4.4 Australia
- 9.4.5 New Zealand
- 9.4.6 South Korea
- 9.4.7 Rest of Asia Pacific
- 9.5 South America
- 9.5.1 Argentina
- 9.5.2 Brazil
- 9.5.3 Chile
- 9.5.4 Rest of South America
- 9.6 Middle East & Africa
- 9.6.1 Saudi Arabia
- 9.6.2 UAE
- 9.6.3 Qatar
- 9.6.4 South Africa
- 9.6.5 Rest of Middle East & Africa
- 10 Key Developments
- 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 10.2 Acquisitions & Mergers
- 10.3 New Product Launch
- 10.4 Expansions
- 10.5 Other Key Strategies
- 11 Company Profiling
- 11.1 Honeywell International Inc
- 11.2 Hitachi Ltd
- 11.3 BAE Systems
- 11.4 Raytheon Technologies Corporation
- 11.5 Airbus S.A.S
- 11.6 Mitsubishi Electric Corporation
- 11.7 Moog Inc
- 11.8 Nabtesco Corporation
- 11.9 PAR Systems
- 11.10 Toshiba Elevator and Building Systems Corporation
- 11.11 Liebherr
- 11.12 Otis Elevator Company
- 11.13 KONE Corporation
- 11.14 FUJITEC CO
- 11.15 Xizi United Holdings Limited
- 11.16 Crane Co
- 11.17 Coastal Elevator Service Corp
- 11.18 Aerospace And Aviation Ltd
- List of Tables
- Table 1 Global Aircraft Elevator Market Outlook, By Region (2020-2028) ($MN)
- Table 2 Global Aircraft Elevator Market Outlook, By Type (2020-2028) ($MN)
- Table 3 Global Aircraft Elevator Market Outlook, By Wide Body Aircraft (2020-2028) ($MN)
- Table 4 Global Aircraft Elevator Market Outlook, By Narrow Body Aircraft (2020-2028) ($MN)
- Table 5 Global Aircraft Elevator Market Outlook, By Regional Jet (2020-2028) ($MN)
- Table 6 Global Aircraft Elevator Market Outlook, By Other Types (2020-2028) ($MN)
- Table 7 Global Aircraft Elevator Market Outlook, By Wing Type (2020-2028) ($MN)
- Table 8 Global Aircraft Elevator Market Outlook, By Fixed Wing Aircraft (2020-2028) ($MN)
- Table 9 Global Aircraft Elevator Market Outlook, By Rotary Wing Aircraft (2020-2028) ($MN)
- Table 10 Global Aircraft Elevator Market Outlook, By Product (2020-2028) ($MN)
- Table 11 Global Aircraft Elevator Market Outlook, By Horizontal Stabilator Aircraft Elevator (2020-2028) ($MN)
- Table 12 Global Aircraft Elevator Market Outlook, By Elevons Aircraft Elevator (2020-2028) ($MN)
- Table 13 Global Aircraft Elevator Market Outlook, By Levcons Aircraft Elevator (2020-2028) ($MN)
- Table 14 Global Aircraft Elevator Market Outlook, By Application (2020-2028) ($MN)
- Table 15 Global Aircraft Elevator Market Outlook, By Business & General Aviation (2020-2028) ($MN)
- Table 16 Global Aircraft Elevator Market Outlook, By Commercial Air Transport (2020-2028) ($MN)
- Table 17 Global Aircraft Elevator Market Outlook, By Military Aviation (2020-2028) ($MN)
- Table 18 North America Aircraft Elevator Market Outlook, By Country (2020-2028) ($MN)
- Table 19 North America Aircraft Elevator Market Outlook, By Type (2020-2028) ($MN)
- Table 20 North America Aircraft Elevator Market Outlook, By Wide Body Aircraft (2020-2028) ($MN)
- Table 21 North America Aircraft Elevator Market Outlook, By Narrow Body Aircraft (2020-2028) ($MN)
- Table 22 North America Aircraft Elevator Market Outlook, By Regional Jet (2020-2028) ($MN)
- Table 23 North America Aircraft Elevator Market Outlook, By Other Types (2020-2028) ($MN)
- Table 24 North America Aircraft Elevator Market Outlook, By Wing Type (2020-2028) ($MN)
- Table 25 North America Aircraft Elevator Market Outlook, By Fixed Wing Aircraft (2020-2028) ($MN)
- Table 26 North America Aircraft Elevator Market Outlook, By Rotary Wing Aircraft (2020-2028) ($MN)
- Table 27 North America Aircraft Elevator Market Outlook, By Product (2020-2028) ($MN)
- Table 28 North America Aircraft Elevator Market Outlook, By Horizontal Stabilator Aircraft Elevator (2020-2028) ($MN)
- Table 29 North America Aircraft Elevator Market Outlook, By Elevons Aircraft Elevator (2020-2028) ($MN)
- Table 30 North America Aircraft Elevator Market Outlook, By Levcons Aircraft Elevator (2020-2028) ($MN)
- Table 31 North America Aircraft Elevator Market Outlook, By Application (2020-2028) ($MN)
- Table 32 North America Aircraft Elevator Market Outlook, By Business & General Aviation (2020-2028) ($MN)
- Table 33 North America Aircraft Elevator Market Outlook, By Commercial Air Transport (2020-2028) ($MN)
- Table 34 North America Aircraft Elevator Market Outlook, By Military Aviation (2020-2028) ($MN)
- Table 35 Europe Aircraft Elevator Market Outlook, By Country (2020-2028) ($MN)
- Table 36 Europe Aircraft Elevator Market Outlook, By Type (2020-2028) ($MN)
- Table 37 Europe Aircraft Elevator Market Outlook, By Wide Body Aircraft (2020-2028) ($MN)
- Table 38 Europe Aircraft Elevator Market Outlook, By Narrow Body Aircraft (2020-2028) ($MN)
- Table 39 Europe Aircraft Elevator Market Outlook, By Regional Jet (2020-2028) ($MN)
- Table 40 Europe Aircraft Elevator Market Outlook, By Other Types (2020-2028) ($MN)
- Table 41 Europe Aircraft Elevator Market Outlook, By Wing Type (2020-2028) ($MN)
- Table 42 Europe Aircraft Elevator Market Outlook, By Fixed Wing Aircraft (2020-2028) ($MN)
- Table 43 Europe Aircraft Elevator Market Outlook, By Rotary Wing Aircraft (2020-2028) ($MN)
- Table 44 Europe Aircraft Elevator Market Outlook, By Product (2020-2028) ($MN)
- Table 45 Europe Aircraft Elevator Market Outlook, By Horizontal Stabilator Aircraft Elevator (2020-2028) ($MN)
- Table 46 Europe Aircraft Elevator Market Outlook, By Elevons Aircraft Elevator (2020-2028) ($MN)
- Table 47 Europe Aircraft Elevator Market Outlook, By Levcons Aircraft Elevator (2020-2028) ($MN)
- Table 48 Europe Aircraft Elevator Market Outlook, By Application (2020-2028) ($MN)
- Table 49 Europe Aircraft Elevator Market Outlook, By Business & General Aviation (2020-2028) ($MN)
- Table 50 Europe Aircraft Elevator Market Outlook, By Commercial Air Transport (2020-2028) ($MN)
- Table 51 Europe Aircraft Elevator Market Outlook, By Military Aviation (2020-2028) ($MN)
- Table 52 Asia Pacific Aircraft Elevator Market Outlook, By Country (2020-2028) ($MN)
- Table 53 Asia Pacific Aircraft Elevator Market Outlook, By Type (2020-2028) ($MN)
- Table 54 Asia Pacific Aircraft Elevator Market Outlook, By Wide Body Aircraft (2020-2028) ($MN)
- Table 55 Asia Pacific Aircraft Elevator Market Outlook, By Narrow Body Aircraft (2020-2028) ($MN)
- Table 56 Asia Pacific Aircraft Elevator Market Outlook, By Regional Jet (2020-2028) ($MN)
- Table 57 Asia Pacific Aircraft Elevator Market Outlook, By Other Types (2020-2028) ($MN)
- Table 58 Asia Pacific Aircraft Elevator Market Outlook, By Wing Type (2020-2028) ($MN)
- Table 59 Asia Pacific Aircraft Elevator Market Outlook, By Fixed Wing Aircraft (2020-2028) ($MN)
- Table 60 Asia Pacific Aircraft Elevator Market Outlook, By Rotary Wing Aircraft (2020-2028) ($MN)
- Table 61 Asia Pacific Aircraft Elevator Market Outlook, By Product (2020-2028) ($MN)
- Table 62 Asia Pacific Aircraft Elevator Market Outlook, By Horizontal Stabilator Aircraft Elevator (2020-2028) ($MN)
- Table 63 Asia Pacific Aircraft Elevator Market Outlook, By Elevons Aircraft Elevator (2020-2028) ($MN)
- Table 64 Asia Pacific Aircraft Elevator Market Outlook, By Levcons Aircraft Elevator (2020-2028) ($MN)
- Table 65 Asia Pacific Aircraft Elevator Market Outlook, By Application (2020-2028) ($MN)
- Table 66 Asia Pacific Aircraft Elevator Market Outlook, By Business & General Aviation (2020-2028) ($MN)
- Table 67 Asia Pacific Aircraft Elevator Market Outlook, By Commercial Air Transport (2020-2028) ($MN)
- Table 68 Asia Pacific Aircraft Elevator Market Outlook, By Military Aviation (2020-2028) ($MN)
- Table 69 South America Aircraft Elevator Market Outlook, By Country (2020-2028) ($MN)
- Table 70 South America Aircraft Elevator Market Outlook, By Type (2020-2028) ($MN)
- Table 71 South America Aircraft Elevator Market Outlook, By Wide Body Aircraft (2020-2028) ($MN)
- Table 72 South America Aircraft Elevator Market Outlook, By Narrow Body Aircraft (2020-2028) ($MN)
- Table 73 South America Aircraft Elevator Market Outlook, By Regional Jet (2020-2028) ($MN)
- Table 74 South America Aircraft Elevator Market Outlook, By Other Types (2020-2028) ($MN)
- Table 75 South America Aircraft Elevator Market Outlook, By Wing Type (2020-2028) ($MN)
- Table 76 South America Aircraft Elevator Market Outlook, By Fixed Wing Aircraft (2020-2028) ($MN)
- Table 77 South America Aircraft Elevator Market Outlook, By Rotary Wing Aircraft (2020-2028) ($MN)
- Table 78 South America Aircraft Elevator Market Outlook, By Product (2020-2028) ($MN)
- Table 79 South America Aircraft Elevator Market Outlook, By Horizontal Stabilator Aircraft Elevator (2020-2028) ($MN)
- Table 80 South America Aircraft Elevator Market Outlook, By Elevons Aircraft Elevator (2020-2028) ($MN)
- Table 81 South America Aircraft Elevator Market Outlook, By Levcons Aircraft Elevator (2020-2028) ($MN)
- Table 82 South America Aircraft Elevator Market Outlook, By Application (2020-2028) ($MN)
- Table 83 South America Aircraft Elevator Market Outlook, By Business & General Aviation (2020-2028) ($MN)
- Table 84 South America Aircraft Elevator Market Outlook, By Commercial Air Transport (2020-2028) ($MN)
- Table 85 Middle East & Africa Aircraft Elevator Market Outlook, By Military Aviation (2020-2028) ($MN)
- Table 86 Middle East & Africa Aircraft Elevator Market Outlook, By Type (2020-2028) ($MN)
- Table 87 Middle East & Africa Aircraft Elevator Market Outlook, By Wide Body Aircraft (2020-2028) ($MN)
- Table 88 Middle East & Africa Aircraft Elevator Market Outlook, By Narrow Body Aircraft (2020-2028) ($MN)
- Table 89 Middle East & Africa Aircraft Elevator Market Outlook, By Regional Jet (2020-2028) ($MN)
- Table 90 Middle East & Africa Aircraft Elevator Market Outlook, By Other Types (2020-2028) ($MN)
- Table 91 Middle East & Africa Aircraft Elevator Market Outlook, By Wing Type (2020-2028) ($MN)
- Table 92 Middle East & Africa Aircraft Elevator Market Outlook, By Fixed Wing Aircraft (2020-2028) ($MN)
- Table 93 Middle East & Africa Aircraft Elevator Market Outlook, By Rotary Wing Aircraft (2020-2028) ($MN)
- Table 94 Middle East & Africa Aircraft Elevator Market Outlook, By Product (2020-2028) ($MN)
- Table 95 Middle East & Africa Aircraft Elevator Market Outlook, By Horizontal Stabilator Aircraft Elevator (2020-2028) ($MN)
- Table 96 Middle East & Africa Aircraft Elevator Market Outlook, By Elevons Aircraft Elevator (2020-2028) ($MN)
- Table 97 Middle East & Africa Aircraft Elevator Market Outlook, By Levcons Aircraft Elevator (2020-2028) ($MN)
- Table 98 Middle East & Africa Aircraft Elevator Market Outlook, By Application (2020-2028) ($MN)
- Table 99 Middle East & Africa Aircraft Elevator Market Outlook, By Business & General Aviation (2020-2028) ($MN)
- Table 100 Middle East & Africa Aircraft Elevator Market Outlook, By Commercial Air Transport (2020-2028) ($MN)
- Table 101 Middle East & Africa Aircraft Elevator Market Outlook, By Military Aviation (2020-2028) ($MN)
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