Aircraft Actuators Market Size & Share, By Actuator Type (Hydraulic Actuators, Electromechanical Actuators (EMA), Pneumatic Actuators), Aircraft Type (Fixed Wing, Rotary Wing), Application, By End Use, By Installation Type,, Regional Forecast, Industry Players, Growth Statistics Report 2024-2032

Market Outlook:

Aircraft Actuators Market was over USD 9.13 Billion in 2023 and is poised to surpass USD 16.93 Billion by end of the year 2032, observing around 7.1% CAGR between 2024 and 2032.

• Base Year Value (2023): USD 9.13 Billion
• CAGR (2024-2032): 7.1%
• Forecast Year Value (2032): USD 16.93 Billion
• Historical Data Period: 2019-2023
• Largest Region: North America
• Forecast Period: 2024-2032

Market Dynamics:

Growth Drivers & Opportunity:

Increasing demand for lightweight and fuel-efficient aircraft is anticipated to drive the growth of the aircraft actuators market. Advancements in technology, such as the development of electric actuators, are also expected to propel market growth. Furthermore, the growing focus on automation and integration of more advanced systems in aircrafts is likely to create opportunities for market expansion.

Report Scope

Report Coverage	Details
Segments Covered	Actuators Type, Aircraft Type, Application, End Use, Installation Type
Regions Covered	• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company Profiled	Curtiss-Wright, Eaton, GE Aviation Systems, Honeywell International, Liebherr Group, Moog, Parker Hannifin, Rockwell Collins, Safran SA, Sierra Nevada, Sitec Aerospace, United Technologies, Woodward,, Zodiac Aerospace

Industry Restraints:

High initial investment costs associated with the installation of advanced actuators in aircrafts can act as a major restraint for the growth of the market. Additionally, stringent regulations and certification requirements for aircraft components may pose challenges for market players. These restraints could potentially hinder the overall growth of the aircraft actuators market.

Regional Forecast:

North America:

The aircraft actuators market in North America is primarily driven by the presence of major aircraft manufacturers and suppliers in the region, particularly in the United States. The U.S. is one of the largest markets for aircraft actuators globally, owing to the high demand for new commercial and military aircraft. The country is home to leading aircraft manufacturers such as Boeing and Lockheed Martin, which are key consumers of aircraft actuators. In addition, the growing focus on aircraft modernization and fleet expansion is expected to further fuel the demand for actuators in the region. Canada also plays a significant role in the North American aircraft actuators market, with the country's aerospace industry witnessing steady growth in recent years.

Asia Pacific:

The Asia Pacific aircraft actuators market is witnessing substantial growth, driven by the increasing air travel demand in countries such as China, Japan, and South Korea. China, in particular, has emerged as a major hub for aircraft manufacturing and is investing heavily in the development of its aerospace industry. The country's growing fleet of commercial and military aircraft presents significant opportunities for aircraft actuator suppliers. Japan and South Korea also have well-established aerospace industries, with a strong focus on innovation and technology. These countries are key markets for aircraft actuators, especially for applications in advanced aircraft systems.

Europe:

The aircraft actuators market in Europe is characterized by the presence of leading aircraft manufacturers and suppliers, particularly in countries such as the United Kingdom, Germany, and France. The UK, home to companies like Airbus UK and Rolls-Royce, is a key market for aircraft actuators in the region. Germany is another major player in the European aerospace industry, with a strong focus on research and development. The country's expertise in engineering and manufacturing has made it a prominent market for aircraft actuator technologies. France, with companies like Dassault Aviation and Safran, also contributes significantly to the demand for actuators in Europe, particularly in the military aircraft segment.

Segmentation Analysis:

In terms of segmentation, the global Aircraft Actuators market is analyzed on the basis of Actuators Type, Aircraft Type, Application, End Use, Installation Type.

1. Aircraft Actuators Market by Actuator Type

Hydraulic Actuators: The hydraulic actuators segment is expected to witness significant growth in the aircraft actuators market. Hydraulic actuators are widely used in commercial and military aircraft for various functions such as landing gear extension and retraction, flap control, and thrust reverser actuation.

Electromechanical Actuators (EMA): The EMA segment is projected to show a steady growth rate in the market. EMA technology is gaining popularity in the aviation industry due to its advantages such as higher efficiency, reliability, and precision. These actuators are increasingly being used in fly-by-wire systems for improved aircraft control.

Pneumatic Actuators: The pneumatic actuators segment is likely to exhibit moderate growth in the aircraft actuators market. Pneumatic actuators are commonly used in aircraft systems for applications such as braking, door operation, and wing leading-edge slat actuation. However, the adoption of pneumatic actuators is expected to decline gradually with the rise of more advanced actuator technologies.

2. Aircraft Actuators Market by Aircraft Type

Fixed Wing: The fixed-wing aircraft segment is anticipated to dominate the market in terms of revenue. Fixed-wing aircraft, including commercial airliners, business jets, and military planes, require a wide range of actuators for various flight control and operational functions.

Rotary Wing: The rotary-wing aircraft segment is forecasted to witness steady growth in the market. Rotary-wing aircraft, such as helicopters and tiltrotor aircraft, rely on actuators for critical functions like rotor blade control, main rotor pitch adjustment, and tail rotor operation.

3. Aircraft Actuators Market by Application

The applications of aircraft actuators include flight control, landing gear, brakes, doors, and thrust reversers among others. Flight control actuators, used for aileron, elevator, and rudder control, are expected to account for a significant share in the market. Landing gear actuators and brake actuators are also key application areas driving market growth.

4. Aircraft Actuators Market by End Use

The end-use segment of the aircraft actuators market includes commercial aviation, military aviation, and general aviation. Commercial aviation, comprising airlines and cargo carriers, is projected to be the largest end-use segment. Military aviation, including fighter jets and transport aircraft, is also a major consumer of aircraft actuators.

5. Aircraft Actuators Market by Installation Type

The installation types for aircraft actuators include wing-mounted, fuselage-mounted, and landing gear-mounted actuators. Wing-mounted actuators, used for flight control surfaces, are expected to hold a significant market share. Fuselage-mounted and landing gear-mounted actuators are also crucial for various aircraft functions and systems.

Competitive Landscape:

The competitive landscape of the Aircraft Actuators Market is characterized by a mix of established aerospace manufacturers and innovative companies that cater to diverse needs in the aviation industry. Key players are focusing on technological advancements, such as the integration of advanced materials and smart technologies, to improve actuator performance and reliability. Collaborations and partnerships among manufacturers, OEMs, and airlines are common as they seek to address the growing demand for more efficient and lightweight actuator systems. The market is witnessing an increasing emphasis on regulatory compliance and sustainability, prompting companies to invest in research and development to meet stringent government standards. Additionally, emerging players are leveraging advancements in electric and electronic actuator technology to gain a competitive edge.

Top Market Players

- Honeywell International Inc.

- Parker Hannifin Corporation

- Moog Inc.

- Woodward, Inc.

- Safran S.A.

- UTC Aerospace Systems (Raytheon Technologies Corporation)

- Siemens AG

- Kongsberg Gruppen

- Thales Group

- Meggitt PLC