Aircraft Actuator Market to Exhibit 8.06% CAGR from 2023 to 2030; Collins Aerospace’s Actuators with Adjustable Power and Wide-ranging Applications to witness Exponential Growth

The global aircraft actuator market size was valued at USD 17.36 billion in 2022. The market is projected to grow from USD 19.01 billion in 2023 to USD 32.16 billion by 2030, exhibiting a CAGR of 8.06% during the forecast period. Fortune Business Insights™ presents this information in its report titled “Aircraft Actuator Market Size, Share & COVID-19 Impact Analysis, By Motion (Linear, Rotary), By Actuator Type (Hydraulic, Pneumatic, Electric, Electromechanical, Electrohydrostatic), By Platform (Fixed-Wing, Rotary-Wing), By Installation (Power Generation & Distribution System, Flight Control System, Fuel Management System, Landing Gear & Braking System, Passenger Comfort, Others), By End-User (OEM, Aftermarket), and Regional Forecast, 2023 – 2030”.

Actuators play a crucial role in aircraft systems by converting input control signals into mechanical motion to control various functions. These functions include flight control, fuel management, power generation, and more. The market for aircraft actuators is witnessing growth driven by factors such as rising aircraft deliveries and increased air travel from emerging economies such as China and India.

Pandemic Created Setback for Aircraft Deployment and Market Growth

The COVID-19 pandemic had a profound effect on the aerospace industry, causing significant disruptions in 2020. The global supply chain was abruptly disrupted as lockdown measures led to the halt of aerospace operations, resulting in a sharp decline in demand for aerospace components. However, as the situation improved and aircraft orders began to increase, there has been a subsequent rise in the overall global demand for aircraft actuators.

Collins Aerospace Unveils Groundbreaking Electric Motor Prototype for Airlander 10

Collins Aerospace, a renowned aircraft actuator manufacturer based in the U.S., introduced its groundbreaking prototype for the hybrid air vehicle known as Airlander 10 in July 2022. This innovative aircraft is equipped with a 500KW electric motor. The newly developed actuator belongs to a family of electric motors that can be adjusted in terms of power and offer versatile applications across different domains.

Accelerating Demand for Commercial Aircraft in Emerging Economies and Growing Air Traffic Projections

Commercial aircraft is witnessing a surge in demand due to the increasing preference for air travel and the rising number of aircraft deliveries, particularly in emerging economies such as China and India. Asia Pacific, in particular, is expected to contribute significantly to this growth. According to the International Air Transport Association (IATA), air traffic is projected to double by 2037, leading to a substantial requirement for over 37,000 new passenger and freight aircraft.

However, the lengthy certification process and strict compliance requirements for OEMs may limit the aircraft actuator market growth.

Players Offer Diverse Product Portfolios and Emphasize Superior Quality for Market Dominance

The global market is consolidated, with a significant presence of both global and regional players. These players have a wide range of products in their portfolio and are committed to delivering high-quality aircraft actuators.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/aircraft-actuator-market-102578

Notable Industry Development

• June 2021- Curtiss-Wright Corporation, a U.S. based aircraft components manufacturer, delivered control electronics and primary flight control actuators to aviation aircraft for their all electric aircraft for the first flight.

List of the Companies Profiled in the Report

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  • Eaton Corporation Inc. (U.S.)
  
  
  • Parker Hannifin Corporation (U.S.)
  
  
  • Moog Inc. (U.S.)
  
  
  • Rockwell Collins (U.S.)
  
  
  • Sitec Aerospace GmbH (Germany)
  
  
  • TAMAGAWA SEIKI Co. Ltd. (Japan)
  
  
  • Woodward Inc. (U.S.)
  
  
  • Honeywell International Inc. (U.S.)
  
  
  • Saab AB (Sweden)
  
  
  • Northrop Grumman Corporation (U.S.)
  
  
  • The Boeing Company (U.S.)
  
  
  • Lockheed Martin Corporation (U.S.)
  
  
  
  

Further Report Findings

• In developing countries, such as China and India, the rise in aircraft deliveries is estimated to propel the OEM segment’s growth.


• North America held a considerable aircraft actuator market share, which accounts for 42.9% of the global market.


• Europe holds the subsequent position in the market owing to growing demand for enhanced and updated actuator technologies.

Global Aircraft Actuator Market Scope