The aircraft actuator market size has seen robust growth in recent years and is forecasted to further intensify. The market size was $18.23 billion in 2024 and is projected to reach $20.03 billion in 2025, growing at a Compound Annual Growth Rate (CAGR) of 9.9%. This growth in the historical period can be credited to economic growth, the raised demand for commercial aircraft, expansion in the aerospace and defense industry, strict environmental regulations, and the requirement for quieter and more comfortable aircraft.
The aircraft actuator market size is set to witness strong growth in the upcoming years, projected to inflate to $28.54 billion in 2029 at a CAGR of 9.2%. This growth in the forecast period can be ascribed to the increase in consumer disposable income, investment in aircraft fleet expansion, the rising demand for Unmanned Aerial Vehicles (UAVs), and an increased emphasis on fuel efficiency. Critical trends in the forecast period involve electromechanical actuators, health monitoring and predictive maintenance, advanced materials, enhanced safety and redundancy, and eco-friendly actuation systems.
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What Factors Propel The Growth Of The Aircraft Actuator Market?
A surge in passenger traffic worldwide is expected to drive the growth of the aircraft actuators market. Aircraft actuators, which adjust flight control surfaces such as the elevator, rudder, and ailerons, among others, are seeing increased demand due to economic growth and rising consumer spending. Particularly, developing countries are experiencing an increase in air passenger traffic. According to the International Air Transport Association (IATA), in March 2022, total global passenger traffic had a 76.0% rise compared to March 2021. In China, domestic air traffic grew by 11.7% in March 2022. Consequently, the burgeoning passenger traffic worldwide is propelling the growth of the aircraft actuator market.
What Are The Key Segments Of The Aircraft Actuator Market?
The aircraft actuator market covered in this report includes:
1) By Actuators Type: Hydraulic, Pneumatic, Electric, Electromechanical, Electrohydrostatic
2) By Motion: Linear, Rotary
3) By Platform: Fixed Wing, Rotary Wing
4) By End-User: Commercial Aircraft, Military Aircraft, Other End Users
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Who Are The Majors Players Operating In The Aircraft Actuator Market?
Significant companies operating in the aircraft actuator market include Honeywell International Inc., Eaton Corporation, Moog Inc., Parker Hannifin Corporation, Safran S.A., Meggitt plc, Woodward Inc., Sitec Aerospace GmbH, Progressive Automations Inc., Tamagawa Seiki Co. Ltd., Aero Space Controls Corporation, Beaver Aerospace & Defense Inc., Rockwell Collins Inc., Curtiss-Wright Corporation, Raytheon Technologies Corporation, Liebherr Group, Nabtesco Corporation, SKF Group, Arkwin Industries Inc., ITT Inc., AAR Corporation, GE Aviation Systems LLC, TransDigm Group Incorporated, BAE Systems plc, Héroux-Devtek Inc., Raytheon Technologies Corp., Lufthansa Technik AG, Electromech Technologies LLC, Hemisphere Engineering Inc., United Technologies Corp.
What Trends Are Dominating The Aircraft Actuator Market?
Technological advancements are emerging as the dominating trend in the aircraft actuator market. Major companies operating in the aircraft actuators market are focusing on developing technically advanced products to strengthen their market position. For instance, in July 2022, Curtiss-Wright Corporation, a US-based aviation company, was chosen by Airbus UpNext to supply custom Electromechanical Actuation (EMA) technology for the eXtra performance WING demonstrator project. This project aims to enhance decarbonization and efficiency in next-generation aircraft. The EMA technology provides significant benefits, including increased reliability, better energy efficiency, and reduced weight, which are crucial for developing more sustainable aviation solutions.
What Is The Regional Analysis Of The Aircraft Actuator Market?
North America was the largest region in the aircraft actuators market in 2024. Asia-Pacific is projected to be the fastest-growing region in the forecast period. The regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Aircraft Actuator Market Report 2025 Offer?
Actuators in aircraft are used to adjust flight control surfaces such as elevators, rudders, ailerons, flaps, slats, and spoilers. Aircraft actuators are mechanical devices that can transfer and divert motion energy from one form to another. Actuation systems play various roles in the aviation sector, including being responsible for everything from cargo bay doors and landing gear to engine components and flight control surfaces. The Aircraft Actuator Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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