1. What is the projected Compound Annual Growth Rate (CAGR) of the Aircraft Actuators Market?
The projected CAGR is approximately 7%.
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Aircraft Actuators Market by Actuators Type (Hydraulic Actuators, Electromechanical Actuators (EMA), Pneumatic Actuators), by Aircraft Type (Fixed Wing, Rotary Wing), by Application (Cabin Actuation System, Flight Control System, Fuel Distribution System, Fuel Storage System, Landing & Braking System, Payload Management System, Power Generation System, Thrust Reverser Actuation System), by End Use (Commercial Aviation, Military Aviation, Business Aviation, Unmanned Aircraft Systems), by Installation Type (OEM, Aftermarket), by North America (U.S., Canada), by Europe (Germany, UK, France, Italy, Russia, Rest of Europe), by Asia Pacific (China, Japan, India, ANZ, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Rest of Latin America), by MEA (South Africa, Saudi Arabia, UAE, Rest of MEA) Forecast 2025-2033
The size of the Aircraft Actuators Market was valued at USD 8.5 Billion in 2023 and is projected to reach USD 13.65 Billion by 2032, with an expected CAGR of 7% during the forecast period. The Aircraft Actuators Market focuses on creating and implementing actuators for controlling and operating flight and structural components in aircraft systems. These components are essential for boosting flight capabilities, guaranteeing safety, and increasing operational effectiveness through facilitating accurate regulation of components like flaps, landing gear, brakes, and flight control surfaces. The market offers a range of actuator types such as electric, hydraulic, and pneumatic actuators, designed specifically for various aircraft needs. As the aviation sector progresses, there is an increasing need for advanced, lightweight, and efficient actuators in order to enhance fuel efficiency, decrease carbon emissions, and improve passenger comfort. Moreover, improvements in materials, automation, and smart technologies are impacting the creation of actuators that are more dependable and accurate. The market for aircraft actuators is projected to grow substantially as a result of rising air traffic, the need for new planes, and the emphasis on enhancing and modernizing current fleets. As aircraft technology advances, actuators will remain crucial in determining the future of aviation.
Various companies operate in the Aircraft Actuators Market with a high level of concentration among major players. Key players such as Rockwell Collins, Honeywell Aerospace, Moog Inc., UTC Aerospace Systems, Parker Hannifin Corporation, Safran Group, and Woodward, Inc. dominate the market, collectively capturing a significant market share. The market is characterized by continuous innovation and the development of technologically advanced actuators to meet the evolving needs of the aerospace industry.
The Aircraft Actuators Market is witnessing several significant trends that shape its future growth trajectory:
Key Region: North America holds the largest market share due to the presence of leading aircraft manufacturers and a high demand for commercial and military aircraft in the region.
Dominating Segment:
Actuators Type:
Aircraft Type:
Application:
End Use:
Installation Type:
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 7% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
Secondary Research
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The projected CAGR is approximately 7%.
Key companies in the market include Rockwell Collins (now part of Raytheon Technologies), Honeywell Aerospace, Moog Inc., UTC Aerospace Systems (now part of Raytheon Technologies), Parker Hannifin Corporation, Safran Group, Woodward, Inc..
The market segments include Actuators Type, Aircraft Type, Application, End Use, Installation Type.
The market size is estimated to be USD 8.5 Billion as of 2022.
Increasing aircraft production. Advancements in aviation technology. Rising focus on fuel efficiency. Growing demand for Unmanned Aircraft Systems Aerial Vehicles (UAVs). Growing focus on sustainability and environmental impacts.
N/A
High development & maintenance costs. Stringent regulatory standards.
In November 2021, Collins Aerospace and Liebherr-Aerospace expanded their partnership to develop & produce landing gear actuators for a wider range of aircraft. The two companies worked together to develop new actuators for commercial and military aircraft applications.
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The market size is provided in terms of value, measured in Billion.
Yes, the market keyword associated with the report is "Aircraft Actuators Market," which aids in identifying and referencing the specific market segment covered.
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