Report ID: SQSG20R2002
Report ID:
SQSG20R2002 |
Region:
Global |
Published Date: April, 2024
Pages:
260
|
Tables:
131 |
Figures:
77
Aircraft Actuator Market size was valued at USD 15.12 Billion in 2023 and is poised to grow from USD 16.74 Billion in 2024 to USD 33.11 Billion by 2032, growing at a CAGR of 10.7% during the forecast period (2025-2032).
Over the projected time frame, demand for aeroplane actuators is anticipated to increase significantly. During the forecast period, it is anticipated that rising demand for civil aeroplanes due to an increase in global population and quick technological advancements will fuel the worldwide aircraft actuator market. In addition, factors including escalating urbanisation and the quick rise of emerging economies are anticipated to support business expansion. The market demand is anticipated to be driven by technological improvements that are defined by a shift in aircraft trends toward electric propulsion by using electrical actuation systems instead of hydraulic and pneumatic actuators. The electric aircraft, sometimes referred to as More Electric Aircraft (MEA), helps pilots fly more maneuverably and efficiently while also reducing body weight and maximising fuel efficiency.
Commercial aeroplanes employ aircraft actuators extensively in their landing gear, flight controls, position feedback, clutches, load limiters, manual drives, seat actuation, and electromagnetic brakes. By manipulating levers and valves, actuators regulate and limit engine speed and velocity. The flow of a medium is stopped by valves in an emergency, assuring safety. A humidification system valve continuously moistens the fresh air inside an aeronautical body.
Electric actuators are becoming more popular. Future demand for electric actuators is anticipated to rise as a result of technological developments in areas including permanent magnet material, robustness, efficiency, and electromagnetic designs. The power density has grown thanks to these improvements in electric actuators, which also provide superior performance in a variety of applications at a lower cost. In addition, compared to their hydraulic and pneumatic cousins, electric actuators are lighter. The reduced pressure that lowers the flight control system's energy consumption makes electric actuators even more alluring. As a result, mechanical and hydraulic systems were being replaced by electrical systems more and more.
US Aircraft Actuator Market is poised to grow at a sustainable CAGR for the next forecast year.
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REQUEST FREE CUSTOMIZATIONThe 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.
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Report ID: SQSG20R2002