0
2022
Aircraft Actuators Market

Aircraft Actuators Market

by Application (Commercial Aviation, Military Aviation, Business and General Aviation, Unmanned), by Wing Type (Fixed Wing, Rotary Wing), by Type (Linear, Rotary), by End Use (OEM, Aftermarket): Global Opportunity Analysis and Industry Forecast, 2021-2031

Report Code: A02133
Pages: 346
Tables: 209
Charts: 69
  • Formats*:

  • pdf

    Single User License, Five User
    License & Enterprise User License

  • xls

    Data Pack Excel License

  • ppt

    It comes with the additional cost
    of $2500.00 contact sales.

 

The global aircraft actuators market was valued at $14.5 billion in 2021, and is projected to reach $24.1 billion by 2031, growing at a CAGR of 5.4% from 2022 to 2031.

Actuators on aircraft perform a number of important functions such as adjusting flight control surfaces like the, flaps, rudder, slats and spoilers, ailerons, extending & retracting landing gear, positioning engine inlet guide vanes & thrust reversers, and opening and closing cargo or weapon bay doors among others. Aircraft actuators have ability to withstand ambient conditions such as strong vibrations, heat and cold. Traditionally, pneumatic and hydraulic actuators are widely used in aircraft, however with the increase in demand for fuel efficiency the adoption of electric actuators are increasing significantly.

Aircraft Actuators Market, Aircraft Actuators Industry

Factors such as rise in operations in the commercial aviation, and increase in demand from emerging regions are anticipated to boost the growth of the global aircraft actuators market during the forecast period. However high costs associated with aircraft actuators, and leakage and maintenance issue are expected to hinder the growth of the global aircraft actuators industry during the forecast period. Moreover, rise in air travel activities & air traffic, and increasing demand for electric actuators are expected to create an opportunity for the market in near future.

The aircraft actuators market is segmented on the application, wing type, type, end use, and region. The application segment is further divided as commercial aviation, military aviation, business & general aviation, and unmanned. By wing type, the market is classified into Fixed Wing, and Rotary Wing. On the basis of type, it is bifurcated into Linear, and Rotary. By end use, it is segmented into line OEM, and aftermarket. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players that operate in this aircraft actuators market are AMETEK, Inc., Astronics Corporation, Curtiss-Wright Corporation, Eaton Corporation Plc, Honeywell International Inc, ITT Inc., Liebherr-International AG, MOOG Inc., Nabtesco Corporation, Raytheon Technologies Corporation, Saab AB, Safran SA, Sitec Aerospace GmbH, Tamagawa Seiki Co., Ltd., and Woodward, Inc.

Aircraft Actuators Market

Rise in the commercial aviation

The commercial aviation industry consists of two segments, passenger aircraft and cargo aircraft. In recent years, both segments have performed well and have witnessed rapid rise in operations, which boosted the growth of the global commercial aircraft industry. With globally rising air passenger traffic, the industry has witnessed significantly growth. However, the unprecedented occurrence of COVID-19 pandemic has affected the industry in terms of revenue growth.

Key aviation players around the world are finding ways to make aviation sector safer and reliable. Hence, rapid development has been witnessed in the commercial aircraft industry in the recent years. According to Boeing’s Commercial Market Outlook (CMO) 2020–2039, the 2021 CMO reflects that the global market is recovering rapidly. Surge in demand for domestic air travel is responsible for the recovery of the airliner industry amid the COVID-19 pandemic.

Furthermore, intra-regional markets are expected to open with full capacity, as health and travel restrictions ease, followed by return to pre-pandemic levels by 2023 to 2024 with respect to long-haul travel scenario. It mentions that in long term, market fundamentals and resilience will drive the demand for more than 43,500 airplanes by 2040. Thus, all these factors collectively are expected to fuel the demand for the aircraft and aircraft components thereby propelling the growth of aircraft actuators market during the forecast period. 

Aircraft Actuators Market

Increase in demand from emerging regions

The emerging countries such as China, India, and Brazil among others are anticipated to create new growth opportunities for prominent players operating in the market. For instance, in September 2019, according to the Commercial Aircraft Corporation of China, Ltd., Chinese market was projected to witness a strong demand for commercial aircraft over the next 20 years. In addition, according to its market forecast report (2018-2037), 9,008 passenger aircraft valued at approximately $0.16 trillion (¥9 trillion) are estimated to be delivered. Latin American countries expand the aviation sector amid rise in air traffic. Thus, these developments are expected to rise the demand for aircraft actuators systems which drive the market growth in Latin America region during the forecast period. The growth in aviation industry is expected to facilitate the demand for aircraft which in turn is propelling the demand for aircraft actuators. In addition, surge in MSMEs involvement in aircraft component manufacturing is expected to fuel the demand for airplanes. Thus, increase in demand from emerging regions is expected fuel the demand for aircraft actuators market in near future.

Aircraft Actuators Market

High costs associated with aircraft actuators

Aviation is a capital-intensive industry, as even a smallest part has to be tested and improved several times before it can be installed in an aircraft. This incurs additional the cost of R&D for aircraft components. Moreover, manufacturers have to obtain a certificate by aviation agencies such as the Federal Aviation Administration (FAA) and the European Union Aviation Safety Agency (EASA)—prior to the production of aircraft parts, including actuators before fitting them in respective aircraft models. Actuators increase the fuel efficiency, and is a must for high fuel consuming aircraft engines that fly at thousands of feet above the ground. With rise in air passenger traffic, aircraft have to fly for longer hours now, the aircraft components get used up rapidly and must go through regular maintenance. Furthermore, aircraft actuators have to be inspected and refitted after proper maintenance work. This adds up to the high overall cost of an aircraft actuator operations. These factors are expected to affect the growth of aircraft actuators market during the forecast period.

Rise in air travel activities and air traffic

The shift towards air travel continuously increase owing to conveyance and affordability offered to the consumers. According to the Bureau of Transportation Statistics, the U.S. airlines & foreign airlines in the U.S. carried over 1,052.8 million service passengers in 2019, an increase of 3.9% when compared to 2018. Moreover, tourism has become a popular global leisure activity owing to rise of globalization and technological advances. According to United Nations World Tourism Organization, in 2019, the arrival of 5 billion international tourists was recorded worldwide. The projected 4% year-on-year increase in 2020 confirms significant growth in global tourism. Thus, growth in air travel activities and air traffic demand numerous new airports, and requires hundreds of efficient aircrafts. This rise in demand for air travel would result in a significant surge in demand for new airplanes throughout the world, which would directly impact the sales of aircraft brake systems. Hence, rise in air traffic is anticipated to drive the growth of the aircraft actuators system market during the forecast period.

Governments across the globe implemented strict lockdowns and made social distancing mandatory to prevent the spread of the COVID-19 virus. Consequently, several organizations began work from home programs as precautionary measure. This led to a sudden decline in global demand for traveling, which has affected the aircraft actuators market. However, global air travel continues to recover in 2022, as Omicron has less impact on countries other than Asia, and the war in Ukraine proves to have had little impact on world air traffic data. According to IATA reports, air traffic, measured in revenue passenger kilometers (RPK), an indicator of global passenger demand, increased 115.9% year-on-year in February 2022, but it was 54.5% of the pre-pandemic levels (February 2019 level). Moreover, International air travel recovery continues to gain momentum, driven by surge in vaccination rates and ease of travel restrictions in many regions. RPKs rose 256.8% YoY in February, but are only 40.4% of pre-pandemic February 2019. The increase in air travel post pandemic creates immense opportunities for aircraft actuators companies in recent years. The momentum created by plans to reopen is expected to have a positive impact on the recovery of aircraft industry which creates growth opportunities for aircraft actuators market.

Aircraft Actuators Market

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the aircraft actuators market analysis from 2021 to 2031 to identify the prevailing aircraft actuators market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the aircraft actuators market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global aircraft actuators market trends, key players, market segments, application areas, and market growth strategies.

Aircraft Actuators Market Report Highlights

Aspects Details
Market Size By 2031 USD 24.1 billion
Growth Rate CAGR of 5.4%
Forecast period 2021 - 2031
Report Pages 346
By Application
  • Commercial Aviation
  • Military Aviation
  • Business and General Aviation
  • Unmanned
By End Use
  • OEM
  • Aftermarket
By Wing Type
  • Fixed Wing
  • Rotary Wing
By Type
  • Linear
  • Rotary
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, Russia, Netherlands, UK, Poland, Spain, Rest Of Europe)
  • Asia-Pacific  (China, India, Japan, South Korea, Asean, Rest Of Asia-Pacific)
  • LAMEA  (Brazil, UAE, Saudi Arabia, South Africa, Rest Of LAMEA)
Key Market Players Astronics Corporation, SAFRAN SA, EATON CORPORATION, TAMAGAWA SEIKI CO. LTD., RAYTHEON TECHNOLOGIES CORPORATION, NABTESCO CORPORATION, WOODWARD INC, SAAB AB, CURTIS WRIGHT, HONEYWELL INTERNATIONAL INC, SITEC AEROSPACE GMBH, AMETEK, Liebherr, Moog Inc., ITT
 

Loading Table Of Content...


 
 

The aircraft actuators market is expected to witness significant growth, due to surge in air traffic along with implementation of safety improvement initiatives, making aircraft more reliable, efficient, and durable. Moreover, with increase in demand air freight the demand for cargo aircrafts are also increasing significantly. For instance, according to Boeing's World Air Cargo Forecast (2020–2039), the global fleet of freighters will increase by more than 70% over the next 20 years. It also estimates that 2,610 freighters will be delivered by 2039, with around half of those replacing retired aircraft. Such increase in demand for aircraft is propelling the demand for aircraft actuators market

Factors such as rise in operations in the commercial aviation, and increase in demand from emerging regions are anticipated to boost the growth of the global aircraft actuators market during the forecast period. However high costs associated with aircraft actuators, and leakage and maintenance issue are expected to hinder the growth of the global aircraft actuators market during the forecast period. Moreover, rise in air travel activities & air traffic, and increase in demand for electric actuators are expected to create an opportunity for the aircraft actuators market in near future.

To fulfil the changing demand scenarios, market participants are concentrating on product development and product launch to increase their product portfolio and to match changing end-user requirements. For instance, in May 2022, Honeywell International Inc. developed, manufactured, and delivered 3 pieces of the innovative aileron electro-mechanical actuation sub-system and the dedicated test bench to Leonardo’s facility in Torino. Moreover, in June 2021, Curtiss-Wright Corporation developed and delivered the primary flight control actuators and control electronics to Eviation Aircraft for the all-electric Alice aircraft, as it prepares for first flight.

In addition, market participants are continuously focusing on acquisition efforts to meet new business opportunities. For instance, in June 2021, Power management company Eaton completed the acquisition of Cobham Mission Systems. Cobham is a leading manufacturer of air-to-air refueling systems, environmental systems, and actuation, primarily for defense markets.

The key players that operate in this market are AMETEK, Inc., Astronics Corporation, Curtiss-Wright Corporation, Eaton Corporation Plc, Honeywell International Inc, ITT Inc., Liebherr-International AG, MOOG Inc., Nabtesco Corporation, Raytheon Technologies Corporation, Saab AB, Safran SA, Sitec Aerospace GmbH, Tamagawa Seiki Co., Ltd., and Woodward, Inc

Purchase Options

Call or Email Us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : +44-845-528-1300
Email : help@alliedmarketresearch.com
 
Published Date :
Sep 2022
Author(s) : Sneha K , Sonia M
FREQUENTLY ASKED QUESTIONS?

A. The global aircraft actuators market was valued at $14.46 billion in 2021, and is projected to reach $24.09 billion by 2031, registering a CAGR of 5.4% from 2022 to 2031.

A. Increase in demand for electric actuators is expected to provide lucrative growth opportunity for the aircraft actuator market.

A. Commercial aviation is the leading application of aircraft actuators market.

A. Asia-Pacific is the largest regional market for aircraft actuators.

A. The key players that operate in this aircraft actuators market are AMETEK, Inc., Astronics Corporation, Curtiss-Wright Corporation, Eaton Corporation Plc, Honeywell International Inc, ITT Inc., Liebherr-International AG, MOOG Inc., Nabtesco Corporation, Raytheon Technologies Corporation, Saab AB, Safran SA, Sitec Aerospace GmbH, Tamagawa Seiki Co., Ltd., and Woodward, Inc.

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Sample
Related Tags

Purchase Full Report of
Aircraft Actuators Market

Start reading instantly.
This Report and over 71,215+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,570  $3,213
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
    (Sep 2023)
  • Data Pack
  • $3,840  $3,456
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Sep 2023)
  • Single User
  • $5,730  $4,871
  • Restricted to one authorized user
  • One print only
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Sep 2023)
  • Five Users
  • $6,450  $5,483
  • Limited to five authorized users
  • Print upto five copies
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Sep 2023)
  • Enterprise
    License/PDF

  • $9,600  $7,680
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Sep 2023)
  • Library
    Membership

  • $999 $ 1,175
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

Related Reports
*Terms and Conditions Apply
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time for readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers