Global Aircraft Actuator Market was valued at USD 10.45 billion in 2022 and expected to grow at a CAGR of 8.5% during the forecast period.
Aircraft actuators are electromechanical devices used in the aerospace industry to control the motion of various aircraft components, such as flaps, slats, and landing gear. These devices are critical for the safe operation of an aircraft and are responsible for providing precise control of movement and positioning of aircraft components.
Aircraft actuators are widely used in commercial, military, and general aviation aircraft, and are designed to withstand the harsh environmental conditions and high loads experienced during flight. They are typically powered by electric motors or hydraulic systems and can be controlled manually or through a computerized control system.
Get a Free Sample Copy of a Research Report: https://wemarketresearch.com/sample-request/aircraft-actuator-market/411/
Report Scope:
The aircraft actuator market is highly competitive, with several players offering a wide range of products to meet the diverse needs of the aviation industry. The market is driven by technological advancements in aircraft systems and the increasing demand for more efficient and reliable aircraft components.
The growth of the market can be attributed to the increasing demand for fuel-efficient aircraft, rising demand for air travel, and technological advancements in aircraft actuator systems.
Based on the product type, the market is segmented into hydraulic, electric, and pneumatic actuator systems. Among these, the electric actuator segment is expected to witness the highest growth, owing to its high reliability, low maintenance, and better efficiency compared to other types.
The market is also segmented based on the application into flight control system, landing gear system, and others. The flight control system segment is expected to dominate the market, owing to the increasing demand for advanced fly-by-wire systems and the rise in aircraft orders from commercial airlines.
In terms of the geography, North America is expected to dominate the market, owing to the presence of major aircraft manufacturers such as Boeing and Lockheed Martin, and the high adoption of advanced technologies in the region. The Asia Pacific region is also expected to witness significant growth during the forecast period, owing to the increasing air travel demand and the growth of the aviation industry in emerging economies such as India and China.
Some of the key players operating in the aircraft actuator market include Honeywell International Inc., Parker Hannifin Corp, Woodward, Inc., Moog Inc., Safran S.A., and UTC Aerospace Systems. These companies are focusing on product innovations, partnerships, and collaborations to strengthen their market position and expand their customer base.
Impact of COVID
The COVID-19 pandemic has significantly impacted the aircraft industry, including the aircraft actuator market. Due to travel restrictions and reduced demand for air travel, airlines have been forced to cancel orders or postpone deliveries of new aircraft, which has had a ripple effect on the aircraft actuator market.
The pandemic has also disrupted the global supply chain, causing delays and shortages in the production and delivery of aircraft actuators. As a result, many manufacturers have had to adjust their production schedules and implement cost-cutting measures to stay afloat.
However, the gradual lifting of travel restrictions and the increasing demand for air travel are expected to drive the recovery of the aircraft actuator market in the coming years. The need for fuel-efficient and lightweight aircraft, along with the growing demand for military aircraft, is expected to create opportunities for growth in the market.
Actuators Type Insights
Hydraulic Actuators: Hydraulic actuators held the largest market share in the aircraft actuator market owing to their high-power density, high load capacity, and ability to provide high force in a compact package. Hydraulic actuators are used for critical applications such as landing gears, flaps, and brakes.
Pneumatic Actuators: Pneumatic actuators are used for less critical applications such as wing flap actuation, cargo door actuation, and engine starter actuation. Pneumatic actuators are lightweight and offer high reliability and low maintenance.
Electric Actuators: Electric actuators are gaining popularity in the aircraft industry due to their high efficiency, low weight, and low maintenance requirements. Electric actuators are used in various applications such as flight control surfaces, landing gear, and thrust reversers.
Electromechanical Actuators: Electromechanical actuators are used in flight control systems, landing gears, and other aircraft systems that require high precision and reliability. Electromechanical actuators offer improved performance, better control, and increased reliability compared to hydraulic and pneumatic actuators.
Electro hydrostatic Actuators: Electro hydrostatic actuators are a combination of hydraulic and electric actuators. They provide the benefits of both hydraulic and electric actuators, such as high-power density, high load capacity, high precision, and low maintenance requirements. Electro hydrostatic actuators are used in applications such as primary flight control, landing gears, and thrust reversers.
Platform Insights
Fixed wing aircrafts are those aircrafts with wings that remain fixed to the fuselage of the aircraft, such as commercial airliners, business jets, and military transport aircraft. Whereas, rotary wing aircrafts are those aircrafts that use rotary blades that rotate around a mast to generate lift and achieve vertical take-off and landing (VTOL) capabilities, such as helicopters and tiltrotors.
The fixed wing segment is expected to dominate the market owing to the high demand for commercial airliners and business jets. The growing demand for air travel, coupled with the increasing disposable income of individuals, is expected to drive the growth of the fixed wing segment during the forecast period. Additionally, the increasing demand for military transport aircraft for defiance operations is expected to further drive the growth of the fixed wing segment.
Market Segmentation:
By actuators type
Hydraulic,
Pneumatic,
Electric,
Electromechanical,
Electro hydrostatic,
By motion
linear,
rotary,
By platform
Fixed wing,
rotary wing,
By end-user
Commercial aircraft,
Military aircraft
Key Player:
Some of the major companies operating within the market are
Honeywell International Inc.,
Eaton,
Moog Inc.,
Parker Hannifin Corp,
Safran,
Meggit Plc.,
Woodward Inc.,
Sitec
Aerospace GmbH,
Progressive Automation Inc,
Tamagawa seiki Co. Ltd.,
Aero Space Controls Corporation,
Beaver Aerospace & Défense Inc.,
Rockwell Collins,
Curtiss-Wright.
These players are focusing on product innovation, expansion, and partnerships to strengthen their market position and meet the growing demand for Aircraft Actuator globally.
Regional Analysis:
North America: The North American region is one of the largest markets for aircraft actuators due to the presence of major players and the increasing demand for commercial aircraft in the region. The United States is the largest market in the region and is expected to continue its dominance during the forecast period.
Europe: The European aircraft actuator market is expected to grow significantly due to the increasing demand for military aircraft and the rising investments in the aerospace and defence industry. The United Kingdom, Germany, and France are the major markets in the region.
Asia Pacific: The Asia Pacific region is expected to witness significant growth in the aircraft actuator market due to the increasing demand for air travel and the growth of the aerospace and defence industry in the region. China, India, and Japan are the major markets in the region.
RoW: The Rest of the World (RoW) includes Latin America, the Middle East, and Africa. The market for aircraft actuators in the RoW region is expected to grow due to the increasing demand for commercial aircraft and the rising investments in the aerospace and defence industry in the region.
Purchase Report: – https://wemarketresearch.com/purchase/aircraft-actuator-market/411/?license=single
Reasons to Purchase this Report:
The report provides quantitative and qualitative aspect for the market in terms of value and volume, along with supporting market trends, challenges, restraints.
The report provides an in-depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in the market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
- Business Model
- Production Capacity, Revenue, Sales, Gross Margin
- Key Business Strategy
- SWOT Analysis
In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:
- Company Share Analysis from 2018-2022
- Company Analysis by Revenue and Sales
- Company Production Capacity, Gross Margin
- Company Share Analysis by Application/End Use
- Company Share Analysis by Product/Specification
Key Points:
- Define, describe and forecast Aircraft Actuator market by type, application, end user and region.
- Provide strategies for company to deal with the impact of COVID-19.
- Provide enterprise external environment analysis and PEST analysis.
- Provide market dynamic analysis, including market driving factors, market development constraints.
- Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
- Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy.
- Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
- Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
- Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
Frequently Asked Questions
• What is the market size and growth projections?
• What is the market size and growth projection for each of the market segments and sub-segments across Countries & Regions?
• What are the top performing segments, and countries / regions of each of the markets?
• What is the market size and growth rate across key countries / regions?
• How big is the global & regional market in terms of revenue and volume?
• How far market will grow in forecast period in terms of revenue and volume?
• What factors will influence demand and supply trends across each markets during the forecast period?
• What are the technology trends shaping various markets?
• Which country / region has more opportunities?
Get the Detail Information: https://wemarketresearch.com/reports/aircraft-actuator-market/411/
About We Market Research
WE MARKET RESEARCH is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep- rooted market studies and insightful analysis of different markets.
Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. WE MARKET RESEARCH is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.
Contact Us:
We Market Research
Phone: +1(929)-450-2887
Email: sales@wemarketresearch.com
Web: https://wemarketresearch.com/
