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

Global 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).

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.