What is the global market size of Aircraft Actuator Market?

The Global Aircraft Actuator Market was valued at USD XX Billion in 2021, and it is expected to reach a value of USD XX Billion by 2028, at a CAGR of XX% over the forecast period (2022 - 2028). Read More

Aircraft Actuator Market Size, Share, Growth Analysis, By Motion(Linear, Rotary), By Actuator Type(Hydraulic, Pneumatic, Electric, Electromechanical), By Platform(Narrow Body Aircraft (NBA), Wide Body Aircraft (WBA), Extra Wide Body Aircraft (EWBA), Regional Transport Aircraft (RTA)), By Installation(Power Generation & Distribution Systems, Flight Control Systems, Fuel Management systems, Landing Gear & Braking systems), By Region - Industry Forecast 2024-2031

Q: Who are the key vendors in the Global Aircraft Actuator Market?

The Global 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. (US)','Safran (France)','Collins Aerospace (US)','Woodward Inc. (US)','Infineon Technologies AG (Germany)','Microsemi (US)','Vishay Intertechnology Inc (US)','Airbus S.A.S. (Netherlands)','Boeing (US)','Moog (US)' Read More

Report ID: SQSG20R2002 | Region: Global | Published Date: April, 2024
Pages: 260 | Tables: 131 | Figures: 77

Aircraft Actuator Market News

In January 2020, a new series of electromechanical actuators being developed by Honeywell with urban air mobility in mind was revealed. The major flight control surfaces of these actuators are anticipated to be moved only by electric power.
In January 2020, Eaton stated that it has reached a deal to sell Danfoss A/S its hydraulics business for USD 3.3 billion.
In June 2019, in order to modernize the approach to autonomous flying, Collins Aerospace and Sikorsky teamed together. The Optionally Piloted Vehicle (POV) system as well as a triple-redundant system for safety-critical applications, including jam-free electromechanical actuators, will have chances to build new retrofit solution demonstrations as a result of this.
In February 2019, Safran purchased Collins Aerospace's electromechanical systems division. It is anticipated that this purchase would aid in the company's product portfolio expansion in the actuator and pilot control applications.

Aircraft Actuator Market Report Snapshots

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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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Aircraft Actuator Market News

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