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

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