The Business Research Company’s report on the Aircraft Actuator Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the aircraft actuator market further?
The increase in passenger traffic across the world is expected to drive the growth of the aircraft actuators market going forward. Aircraft actuators are used to perform numerous functions, such as adjusting flight control surfaces such as the elevator, rudder, and ailerons, among others. Due to continued economic growth and rising consumer spending, people from developing countries are increasing air passenger traffic, which is driving the growth of aircraft actuators. For instance, according to the International Air Transport Association (IATA), total global passenger traffic in March 2022 increased by 76.0% compared to March 2021. Also, in China, domestic air traffic increased by 11.7% in March 2022. Therefore, the increasing passenger traffic across the world is driving the growth of the aircraft actuator market.
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What are the key factors influencing the forecasted market size of the aircraft actuator Industry?
The aircraft actuator market size has grown strongly in recent years. It will grow from $18.23 billion in 2024 to $20.03 billion in 2025 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to strong economic growth, increased demand for commercial aircraft, expansion of the aerospace and defense Industry, stringent environmental regulations, demand for quieter and more comfortable aircraft.
The aircraft actuator market size is expected to see strong growth in the next few years. It will grow to $28.54 billion in 2029 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to increasing consumer disposable income, investment in aircraft fleet expansion, growing demand for unmanned aerial vehicles (uavs), rising emphasis on fuel efficiency. Major trends in the forecast period include electromechanical actuators, health monitoring and predictive maintenance, advanced materials, enhanced safety and redundancy, eco-friendly actuation systems.
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Who are the leading competitors in the aircraft actuator market?
Major 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 & Defence 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.
Which emerging trends are set to transform the aircraft actuator market landscape?
Technological advancements have emerged as the key trend gaining popularity in the aircraft actuator market. Major companies operating in the aircraft actuators market are focused on developing technologically 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 initiative 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 essential for developing more sustainable aviation solutions.
How do different geographies compare in terms of market share and growth potential in the aircraft actuator market?
North America was the largest region in the aircraft actuators market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aircraft actuator market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Which major segments of the aircraft actuator market are experiencing the fastest growth?
The aircraft actuator market covered in this report is segmented –
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
Subsegments:
1) By Hydraulic Actuators: Linear Hydraulic Actuators, Rotary Hydraulic Actuators, Hydraulic Servo Actuators
2) By Pneumatic Actuators: Linear Pneumatic Actuators, Rotary Pneumatic Actuators, Pneumatic Cylinder Actuators
3) By Electric Actuators: Brushless DC Electric Actuators, Stepper Electric Actuators, AC Electric Actuators
4) By Electromechanical Actuators: DC Gear Motor Actuators, Linear Actuators with Gear Mechanism, Electric Actuators with Feedback Control
5) By Electrohydrostatic Actuators: Direct Drive Electrohydrostatic Actuators, Integrated Electrohydrostatic Actuators
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How is the aircraft actuator market defined, and what are its core characteristics?
The aircraft actuators 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. In the aviation sector, actuation systems are used in a variety of ways. It is responsible for everything from cargo bay doors and landing gear to engine components and flight control surfaces.
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