Global Aircraft Actuator Market By Overview
Aircraft Actuator Market accounted for US$ 15.30 billion in 2020 and is estimated to be US$ 19.54 billion by 2030 and is anticipated to register a CAGR of 3.0%.
Devices called aircraft actuators are capable of transmitting and rerouting different types of motion energy. Electric, hydraulic, or pneumatic systems may provide the energy. In the aviation sector, actuation systems are crucial for numerous processes. All sorts of things, including landing gear, cargo bay doors, engine parts, and flight control surfaces, are operated by them. Manufacturers and users continuously strive to improve the effectiveness, scalability, and cost-effectiveness of aeronautical equipment, which drives the progress of aerospace technology. It's vital for actuator systems used in aerospace applications to be able to survive harsh environmental factors like intense vibration, extreme heat, and cold. Furthermore, they must be lightweight and compact while being able to generate extremely high dynamic forces.
Global Aircraft Actuator Market By Drivers & Restraints
The aerospace industries are seeing an increase in demand for new, improved aircraft actuators such electromechanical actuators, electro-hydraulic actuators, and electric actuators. In addition, the development of electric aircraft and unmanned aerial vehicles (UAVs) is accelerating the electrification of aircraft systems. Due to an increase in local and international airline passengers, developing countries like India, China, and Indonesia are upgrading their aviation sectors. The performance of the flight control systems is boosted by the aircraft actuators, giving pilots more control. The market for aviation actuators is expanding as a result of the expanding need for electromechanical actuators to create lightweight systems with minimal maintenance needs.
Global Aircraft Actuator Market By Segmentations & Regional Insights
Aircraft Actuator Market is segmented based on type, application and region.
On the basis of type, the Aircraft Actuator Market is segmented into Mechanical Actuators, Pneumatic Actuators, Hydraulic Actuators, and Electric Actuators. On the basis of application, the Aircraft Actuator Market is segmented into Narrow-body Aircraft, Wide-body Aircraft, and Enormous Aircraft.
Regional Insights:
On basis of region the Aircraft Actuator Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America leads the aircraft actuators market due to the presence of several large aircraft actuator manufacturers in the region.
Aircraft Actuator Market Report Scope:
Attribute |
Details |
Base year for estimation |
2020 |
Forecast period |
2020– 2030 |
Market representation |
Revenue in USD Billion & CAGR from 2020 to 2030 |
Market Segmentation |
By Type – Mechanical Actuators, Pneumatic Actuators, Hydraulic Actuators, and Electric Actuators. By Application – Narrow-body Aircraft, Wide-body Aircraft, and Enormous Aircraft. |
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the Global Aircraft Actuator report based on test, application, and region.
Aircraft Actuator Market, By Type:
- Mechanical Actuators
- Pneumatic Actuators
- Hydraulic Actuators
- Electric Actuators.
Aircraft Actuator Market, By Application:
- Narrow-body Aircraft
- Wide-body Aircraft
- Enormous Aircraft
Aircraft Actuator Market, By Region:
- North America
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
-
- U.S.
- Canada
- Middle East & Africa
Global Aircraft Actuator Market By Competitive Landscape & Key Players
The key players operating the Aircraft Actuator Market Honeywell International Inc., Moog Inc., Parker Aerospace, Rockwell Collins and UTC Aerospace Systems. To keep their market positions, the players in the aviation actuator market concentrate on tactics including new product releases, acquisitions, and market initiatives.
Global Aircraft Actuator Market By Company Profile
- Honeywell International Inc.*
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Moog Inc.
- Parker Aerospace
- Rockwell Collins
- UTC Aerospace Systems
“*” marked represents similar segmentation in other categories in the respective section.
Global Aircraft Actuator Market By Highlights
FAQs
Aircraft Actuator Market is segmented into type, application, and region.
As the trend toward more electric aircraft (MEA) grew, aeroplane manufacturers began working with suppliers to develop new technologies and set up new electrically-intensive architectures.
By region, North America leads the aircraft actuators market due to the presence of several large aircraft actuator manufacturers in the region.
The Key players operating in the Aircraft Actuator Market includes Honeywell International Inc., Moog Inc., Parker Aerospace, Rockwell Collins and UTC Aerospace Systems.