Aircraft Actuator Global Market Report 2024

“Aircraft Actuator Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on aircraft actuator market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for aircraft actuator? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The aircraft actuator market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 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
• Companies Mentioned: Honeywell International Inc.; Eaton Corporation; Moog Inc.; Parker Hannifin Corporation; Safran S.A.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Aircraft actuators play a crucial role in adjusting flight control surfaces such as elevators, rudders, ailerons, flaps, slats, and spoilers. These mechanical devices are adept at transferring and converting motion energy from one form to another. In the aviation sector, actuation systems find diverse applications, ranging from controlling cargo bay doors and landing gear to managing engine components and flight control surfaces.

The primary types of aircraft actuators include hydraulic, pneumatic, electric, electromechanical, and electrohydraulic. Hydraulic actuators utilize hydraulic power to execute mechanical tasks, employing cylinders or fluid motors. The mechanical motion generated by hydraulic actuators results in linear, rotational, or oscillatory output motions. These motions, including linear and rotary, are utilized across various platforms, including fixed-wing and rotary-wing aircraft. Aircraft actuators serve multiple end-users, encompassing commercial aircraft, military aircraft, and other aviation applications.

The aircraft actuators market research report is one of a series of new reports from The Business Research Company that provides aircraft actuators market statistics, including aircraft actuators industry global market size, regional shares, competitors with an aircraft actuators market share, detailed aircraft actuators market segments, aircraft actuators market trends and opportunities, and any further data you may need to thrive in the aircraft actuators industry. This aircraft actuators market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The aircraft actuator market size has grown rapidly in recent years. It will grow from $16.89 billion in 2023 to $18.6 billion in 2024 at a compound annual growth rate (CAGR) of 10.1%. The growth observed in the historical period can be attributed to factors such as robust economic growth, a heightened demand for commercial aircraft, the expansion of the aerospace and defense industry, the imposition of stringent environmental regulations, and an increased 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 $26.88 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The anticipated growth in the forecast period is linked to factors such as increasing consumer disposable income, investments in aircraft fleet expansion, a growing demand for unmanned aerial vehicles (UAVs), and a rising emphasis on fuel efficiency. Key trends expected in this forecast period encompass the adoption of electromechanical actuators, the implementation of health monitoring and predictive maintenance practices, advancements in materials, the integration of enhanced safety and redundancy features, and the development of eco-friendly actuation system

The growth in air passenger traffic worldwide is expected to significantly influence the aircraft actuator market. Aircraft actuators play a crucial role in various functions, particularly in adjusting flight control surfaces. With the ongoing economic growth and increased consumer spending, developing countries are observing a surge in air passenger traffic. For instance, based on data from the International Air Transport Association (IATA), the global passenger traffic notably increased by 76.0% in March 2022 compared to March 2021. In China, domestic air traffic saw an 11.7% increase in March 2022. These statistics highlight the substantial growth in air passenger traffic, a driving force behind the expansion of the aircraft actuator market.

The demand for lightweight insulation materials is another significant factor expected to drive the growth of the aircraft insulation market, indirectly influencing the demand for aircraft actuators. Lightweight insulation materials contribute to improved aircraft performance, comfort, and safety. For example, the University of Bath introduced a graphene oxide aerogel, weighing 2.1 kg/m³, which stands as the lightest sound insulation ever created. This innovation showcases the ongoing advancements in aircraft insulation technology. As these materials evolve and are adopted, they contribute to the demand for advanced aircraft systems, including actuators.

Moreover, technological advancements are a pivotal trend in the aircraft actuator market. Major companies operating in this sector are committed to developing advanced products to fortify their positions. In an illustrative instance, Curtiss-Wright Corporation delivered primary flight control actuators and control electronics to Eviation Aircraft for the all-electric Alice aircraft in June 2021. The advanced Curtiss-Wright high-power density electromechanical actuators (EMA) provide a modular, distributed solution enabling a flexible control architecture. EMA technology offers various benefits over traditional hydraulic methods, including enhanced reliability, improved energy efficiency, and reduced weight, contributing to its adoption for different aviation applications.

Major players in the aircraft actuator market are increasingly engaging in strategic collaborations to enhance their insulation system offerings for Airbus. Strategic collaborations refer to mutually beneficial partnerships between separate enterprises aimed at temporarily pooling resources and efforts to achieve strategic objectives. An illustrative example is Menzies Aviation Limited, a UK-based logistics and airport services company, which entered into a partnership with Emirates Group, a UAE-based aviation company, in April 2021. This collaboration focuses on delivering comprehensive ground-handling services, encompassing passenger handling, ramp handling, cargo handling, and fueling, utilizing equipment such as aircraft towbars and more.

In August 2021, Volz Servos GmbH & Co. KG, a German firm specializing in the development and manufacture of electro-mechanical actuators, acquired AEE GmbH for an undisclosed sum. This strategic acquisition positions Volz and AEE to make significant contributions to various aviation markets, including the rapidly expanding eVTOL aircraft industry. The primary objective of this acquisition is to address the rising demand for certified electromechanical actuators within the UAV (unmanned aerial vehicle) and UAM (urban air mobility) sectors. AEE GmbH, a specialized avionics company based in Germany, now becomes an integral part of Volz's portfolio.

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 & 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, Heroux-Devtek Inc., Raytheon Technologies Corp., Lufthansa Technik AG, Electromech Technologies LLC, Hemisphere Engineering Inc., United Technologies Corp.

North America was the largest region in the aircraft actuators market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aircraft actuators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The countries covered in the aircraft actuators market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The aircraft actuators market consists of sales of aircraft actuators with function such as retracting and extending landing gear, adjusting flight control surfaces and positioning engine inlet guide vanes and thrust reversers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.