PUBLISHER: SkyQuest | PRODUCT CODE: 1623945
PUBLISHER: SkyQuest | PRODUCT CODE: 1623945
Global Aircraft Actuator Market size was valued at USD 16.2 billion in 2023 and is poised to grow from USD 17.43 billion in 2024 to USD 31.32 billion by 2032, growing at a CAGR of 7.6% during the forecast period (2025-2032).
The aeroplane actuator market is poised for significant growth over the forecast period, spurred by rising demand for civil aircraft fueled by global population growth and rapid technological advancements. Urbanization and the rise of emerging economies are further driving this expansion. A notable trend is the shift toward electric propulsion, with electric actuation systems gaining precedence over traditional hydraulic and pneumatic actuators. This transition, highlighted in the move towards More Electric Aircraft (MEA), enhances pilot maneuverability, reduces aircraft weight, and improves fuel efficiency. Commercial aircraft extensively rely on actuators for various functions, including landing gear, flight controls, and safety systems. As advancements in permanent magnet materials and electromagnetic designs enhance the performance and efficiency of electric actuators, their adoption will continue to rise, superseding mechanical and hydraulic systems due to lower weight and energy consumption.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Aircraft Actuator market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Aircraft Actuator Market Segmental Analysis
Global Aircraft Actuator Market is segmented by Installation, System, Technology, Type, Platform, Aircraft Type and region. Based on Installation, the market is segmented into Original Equipment Manufacturer (OEM) and Retrofit. Based on System, the market is segmented into Flight Control System, Landing & Braking System, Thrust Reverser Actuation System, Power Generation System, Fuel Distribution System, Payload Management System, Cabin Actuation System and Fuel Storage System. Based on Technology, the market is segmented into Full-Electric, Hydraulic, Electric Hybrid, Mechanical and Pneumatic. Based on Type, the market is segmented into Linear and Rotary. Based on Platform, the market is segmented into Commercial Aviation, Military Aviation and Business & General Aviation. Based on Aircraft Type, the market is segmented into Fixed wing and Rotary-wing. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Global Aircraft Actuator Market
The Global Aircraft Actuator market is experiencing significant growth driven by the rising demand for commercial aircraft, spurred by the increasing popularity of air travel and higher aircraft delivery rates. This trend is particularly evident in the Asia-Pacific region, with countries like China and India leading the charge. According to the International Aviation Transport Association (IATA), air traffic is projected to double by 2037, which will create a need for over 37,000 new passenger and cargo aircraft. This escalating requirement for new aircraft directly translates to heightened demand for advanced aircraft actuators, reinforcing the market's expansion.
Restraints in the Global Aircraft Actuator Market
The Global Aircraft Actuator market faces significant restraints due to stringent government regulations concerning certification. The aviation industry is mandated to comply with rigorous standards set by the Federal Aviation Administration (FAA), which includes specific airworthiness directives (AD) addressing safety, design, and leakage concerns. These ADs are legally binding and necessitate that manufacturers rectify any hazardous conditions promptly. Consequently, Original Equipment Manufacturers (OEMs), particularly those producing aircraft landing gear, experience lengthy lead times to develop reliable products that adhere to these aviation standards. This protracted and complex certification process hampers product introductions, ultimately restricting market growth and diminishing revenues for aircraft actuators.
Market Trends of the Global Aircraft Actuator Market
The global aircraft actuator market is witnessing a significant shift towards electrical actuation systems, driven by the rising trend of more electric aircraft (MEA) initiatives. This transition is favoring the adoption of advanced actuator technologies, such as electromechanical and piezoelectric systems, which offer superior performance in terms of weight, reliability, space efficiency, and environmental adaptability. The growing emphasis on reducing aircraft emissions and operational costs further amplifies the demand for these innovative solutions. As airlines and manufacturers increasingly prioritize efficiency and sustainability in aircraft design, the market for electrical actuators is poised for robust growth, reshaping the landscape of aviation technology.