The aircraft actuator market was valued at US$ 7,700.33 million in 2019 and is projected to reach US$ 11,631.67 million by 2027; it is expected to grow at a CAGR of 6.6% from 2020 to 2027.
Developed and developing nations are heavily investing in advanced technologies to strengthen their aircraft fleet. Companies in the US, Japan,and Germany are developing advanced actuators for the global market. The popularity of new, enhanced aircraft actuators such as electromechanical actuators, electro-hydraulic actuator, and electric actuators is increasing among the aerospace industries. In addition, rising electrification of aircraft systems with advent of electric aircraft and UAVs are supporting the aircraft actuator market growth. Developing nations such as India, China, and Indonesia are strengthening their aviation industries owing to rising number of domestic and international airline passengers. The aircraft actuators improve the performance of flight control systems to offer enhanced control for pilots. Further, the growing need of electromechanical actuators to develop lightweight systems with low maintenance requirements is driving the growth of the aircraft actuator market. The manufacturing companies such Collins Aerospace and Moog Inc are introducing advanced actuators offering enhanced control and performance for aircraft operations. In addition, increasing volume of the narrow-body aircraft has created the demand for aircraft actuators supporting the lightweight systems.
Impact of COVID-19 Pandemic on Aircraft Actuator Market
Amid the COVID-19 pandemic, the entire commercial aviation industry came to halt with minimal resources to foresee the future. Several production units in the US, France, Russia, and China were temporarily paused to adhere to the government regulations related to lockdown and physical distancing. The aircraft manufacturers witnessed 30–50% reduction in demand for most of their aircraft models, especially for the commercial aircraft models. The decreased aircraft production and assembly activities have decimated the demand for aircraft actuators. The business aviation sector also experienced turmoil throughout 2020 due to the lowered business jet deliveries and reduced demand for turbo-prop and rotary helicopters. Thus, the entire aircraft manufacturing sector observed severe downfall in demand, which reflected less than usual annual growth rate in revenue generation trend. The business aviation and general aviation aircraft manufacturers were witnessing substantial demand for their products, however, the trend turned upside down in 2020, as the demand for used aircraft model grew among the users, which led the aircraft manufacturers experience fall in demand for newer aircraft models. This has restricted the manufacturers to procure actuators and other systems and technologies for newer aircraft models, thereby hampering the revenue generation of the aircraft actuators market players.
Lucrative Regions for Aircraft Actuator Solution Providers
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Aircraft Actuator Market Insights
Rising Adoption from Developing Nations Fuels Growth of Aircraft actuatorMarket
Improving commercial aircraft fleetand air transportation services has become necessary for each nation to improve their connectivity to the world for better economic growth and international transportation activities. Hence, each country is concerned and eager toward the deployment of advanced aircraft fleetsuch as narrow-body aircraft, business jets, and other passenger aircraft. Aircraft actuator playsa major role in aircraft to offer stable and reliable flight control system and landing gears. Significant growth in economy of developing nations is supporting the development of aviation industry. Additionally, rising count of domestic andinternational travelers is driving the market growth by creating demand for more international flights. For instance, in December 2020, JetBlue airline started a new flight service between Cheddi Jagan International Airport (GEO) in Guyana and John F. Kennedy International Airport (JFK) in New York. Similarly,in November 2019, Middle East Airlines (MEA), the national airline of Lebanon, procured the new aircraft fleet from Airbus. Four A330NEOs, eleven A321NEOs, and four A321XLRs aircraft would be added into the fleet tomeet the need for increased international flights.
Type -Based Market Insights
The aircraft actuator market, based on type, is segmented into linear and rotary. The linear segment held largest a larger market share in 2019.
Aircraft Actuator Market, by Type – 2019 and 2027
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
System-Based Market Insights
The aircraft actuator market, by system, is segmented into hydraulic actuators, electrical actuators, mechanical actuators, and pneumatic actuators. The hydraulic actuators segment held the largest share of the market in 2019.
End User-Based Market Insights
On the basis of end user, the aircraft actuator market is segmented into commercial aircraft and military aircraft. The commercial aircraft segment held a larger share of the market in 2019.
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Aircraft Actuator Market: Strategic Insights
Market Size Value in US$ 7,700.33 Million in 2019 Market Size Value by US$ 11,631.67 Million by 2027 Growth rate CAGR of 6.6% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Aircraft Actuator Market: Strategic Insights
| Market Size Value in | US$ 7,700.33 Million in 2019 |
| Market Size Value by | US$ 11,631.67 Million by 2027 |
| Growth rate | CAGR of 6.6% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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The players operating in the aircraft actuator market focus on strategies such as new product launches, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:
In January 2020, Honeywell International Inc. was engaged in developing a line of lighter-weight, electromechanical flight controls for new urban air vehicles that can take off and land vertically. These actuators feature low electricity consumption and are specially designed to withstand the vibrations and power requirements of urban air mobility vehicles.
In September 2016, TransDigm Group Incorporated completed the acquisition of Young & Franklin Inc. and its subsidiaries, including Tactair Fluid Controls Inc. Previously, Young & Franklin Inc. was engaged in the manufacturing of proprietary, highly engineered valves and actuators.
By Type
- Linear
- Rotary
By System
- Hydraulic Actuators
- Electrical Actuators
- Mechanical Actuators
- Pneumatic Actuators
By End User
- Commercial Aircraft
- Military Aircraft
By Geography
North America
- US
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Australia
- Rest of APAC
Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
South America (SAM)
- Brazil
- Argentina
- Rest of SAM
Company Profiles
- Collins Aerospace
- Eaton
- Curtiss-Wright
- Honeywell International Inc.
- Meggit Plc.
- Moog Inc.
- NOOK Industries, Inc.
- PARKER HANNIFIN CORP
- Transdigm Group, Inc
- Woodward, Inc
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type , System , and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The aircraft OEMs are increasingly emphasizing on lightweight aircraft models, the electromechanical actuators are attracting the OEMs in the current scenario, which is catalyzing the aircraft actuators market. Another reason for the increasing adoption of electromechanical actuators is the paradigm shift of aerospace industry toward electric aircraft, which is obsoleting the hydraulic, pneumatic, and mechanical systems and are increasing the adoption of electric actuation systems. This trend is generating substantial demand for the electrical actuators, which is ultimately boosting the aircraft actuators market.
The aviation industry is witnessing a demand for narrow body and small aircraft having range up to 3,000nm from the developing economies and developed nations. Lightweight design and fuel efficiency are the prominent factors driving the demand for narrow body and small aircraft. The tremendous rise in manufacturing small category aircraft from Airbus is one of the most crucial driving factors for the aircraft actuators market. For instance, the Airbus A320 narrow-body aircraft creates demand for advanced electric actuators. The flight control systems are electrically signaled and consist digital computers. The flight used electromechanical actuator (EMA) to replace hydraulic systems. Such increasing demand for narrow body aircraft will create demand for electromechanical actuators, which, in turn propels the market growth. To evaluate such opportunities, a few companies are already forming partnership and joint venture. For instance, in February 2017, Aerotek Aviation Engineering Ltd, UK (Aerotek UK) and SIKA Aerospace & Defence, India (SIKA) formed a joint venture to develop advanced landing gear, actuators, and other products for narrow body aircraft and UAVs.
Based on type, the aircraft actuators market is segmented into linear and rotary. The global aircraft actuators market is led by linear segment with highest market share in 2019 and is also expected to dominate during the forecast period. The benefits of linear actuators—such as reliability, smaller size, cost efficiency, and simple structure—make them the most preferred solution in the aircraft industry. Linear actuators are used to control devices and mechanism in aircraft—such as trims, air inlets, doors, flaps, and other movable components. Flexibility offered by linear actuators in terms of power and control is increasing their contribution in aeronautic control systems. Market players are developing new linear electromechanical actuators to improve the operational performance of control systems.
The List of Companies - Aircraft Actuator Market
- Meggit Plc
- Collins Aerospace
- Eaton Corporation
- CURTISS-WRIGHT
- Honeywell International Inc.
- Moog Inc.
- Nook Industries Inc.
- Parker Hannifin Corp.
- Transdigm Group Inc.
- Woodward Inc.
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