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Global Aircraft Actuator Market: By Type: Linear, Rotary; By System: Hydraulic Actuators, Electrical Actuators, Pneumatic Actuators, Mechanical Actuators; By End User: Commercial Aircraft, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Aircraft Actuator Market Outlook

The global aircraft actuator market stood at a value of around USD 14.3 billion in 2021. The market is further expected to grow in the forecast period of 2022-2027 at a CAGR of 6.20% to reach USD 20.7 billion by 2027.

 

The Pneumatic Actuators Segment to Hold a Significant Share in the Global Aircraft Actuator Industry

The speed and force delivered by pneumatic actuators are extremely high. Hence, the segment has a high demand in linear motion control applications. There is no overheating problem in pneumatic actuators, which is a major advantage in this system. In addition to this, pneumatic actuators are highly durable and reliable and can be used in the long run.

 

Global Aircraft Actuator Market

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Furthermore, the cost-effectiveness offered by this segment is likely to propel the demand for the product in the commercial aircraft segment. These factors are expected to aid the market in the forecast period.

 

North America Accounts for the Largest Share in the Aircraft Actuator Industry

The aircraft actuator industry in North America is driven by a strong foothold of the major aircraft manufacturers in the region, coupled with the growing investments to upgrade commercial aircraft to bolster the comfort of passengers. The increasing inclination of passengers towards travelling via air is likely to aid the market. This can be attributed to the rising disposable income and increasing population in the region. Furthermore, the presence of technologically advanced infrastructure in countries like the United States and Canada is anticipated to augment the market in the region in the forecast period.

 

Aircraft Actuator: Industry Definition and Segmentation

An aircraft actuator is defined as a device installed in an aircraft that converts electrical signals into mechanical movement. Actuators in aircraft have the power to control the velocity and engine speed by re-positioning levers and flaps. This device is found in water system, air system, oxygen system, and fuel system, among others in an aircraft.

Based on type, the market can be bifurcated into:

  • Linear
  • Rotary

Based on system, the market has been segmented into:

  • Hydraulic Actuators
  • Electrical Actuators
  • Pneumatic Actuators
  • Mechanical Actuators

On the basis of end user, the market is segmented into:

  • Commercial Aircraft
  • Military Aircraft

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Rising Application of Aircraft Actuators in the Military and Defence Sector to Boost the Growth of the Aircraft Actuator Industry

The rising application of aircraft actuators in military aircraft owing to the rising defence expenditure in emerging economies of the world is driving the market. Additionally, rapid urbanisation, the growing inclination of manufacturers towards developing lightweight aircraft, and the thriving aviation industry in developing and developed countries are some of the major factors propelling the market growth. Over the forecast period, a high demand estimated for light combat aircraft, owing to the rising geopolitical tensions and increasing risk of military confrontation, will drive the demand for actuators. Furthermore, the market is expected to be aided by the growing demand for electric actuators to achieve greater efficiency and cost cutting of fuel.

 

Key Industry Players in the Global Aircraft Actuator Market

The report gives a detailed analysis of the following key players in the global aircraft actuator market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Honeywell International Inc.
  • Collins Aerospace
  • Parker-Hannifin Corporation
  • Moog Inc.
  • Eaton 
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, System, End User, Region
Breakup by Type  Linear, Rotary
Breakup by System  Hydraulic Actuators, Electrical Actuators, Pneumatic Actuators, Mechanical Actuators
Breakup by End User  Commercial Aircraft, Military Aircraft
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Honeywell International Inc., Collins Aerospace, Parker-Hannifin Corporation, Moog Inc., Eaton, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Aircraft Actuator Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Aircraft Actuator Historical Market (2017-2021) 
    8.3    Global Aircraft Actuator Market Forecast (2022-2027)
    8.4    Global Aircraft Actuator Market by Type 
        8.4.1    Linear
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Rotary
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
    8.5    Global Aircraft Actuator Market by System 
        8.5.1    Hydraulic Actuators
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Electrical Actuators
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Pneumatic Actuators
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Mechanical Actuators
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2017-2021)
            8.5.4.3    Forecast Trend (2022-2027)
    8.6    Global Aircraft Actuator Market by End User 
        8.6.1    Commercial Aircraft
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Military Aircraft
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
    8.7    Global Aircraft Actuator Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Competitive Landscape
    11.1    Market Structure
    11.2    Company Profiles
        11.2.1    Honeywell International Inc.
            11.2.1.1    Company Overview
            11.2.1.2    Product Portfolio
            11.2.1.3    Demographic Reach and Achievements
            11.2.1.4    Certifications
        11.2.2    Collins Aerospace
            11.2.2.1    Company Overview
            11.2.2.2    Product Portfolio
            11.2.2.3    Demographic Reach and Achievements
            11.2.2.4    Certifications
        11.2.3    Parker-Hannifin Corporation
            11.2.3.1    Company Overview
            11.2.3.2    Product Portfolio
            11.2.3.3    Demographic Reach and Achievements
            11.2.3.4    Certifications
        11.2.4    Moog Inc.
            11.2.4.1    Company Overview
            11.2.4.2    Product Portfolio
            11.2.4.3    Demographic Reach and Achievements
            11.2.4.4    Certifications
        11.2.5    Eaton 
            11.2.5.1    Company Overview
            11.2.5.2    Product Portfolio
            11.2.5.3    Demographic Reach and Achievements
            11.2.5.4    Certifications
        11.2.6    Others
12    Industry Events and Developments


List of Figures and Tables

1.    Global Aircraft Actuator Market: Key Industry Highlights, 2017 and 2027
2.    Global Aircraft Actuator Historical Market: Breakup by Type (USD Billion), 2017-2021
3.    Global Aircraft Actuator Market Forecast: Breakup by Type (USD Billion), 2022-2027
4.    Global Aircraft Actuator Historical Market: Breakup by System (USD Billion), 2017-2021
5.    Global Aircraft Actuator Market Forecast: Breakup by System (USD Billion), 2022-2027
6.    Global Aircraft Actuator Historical Market: Breakup by End User (USD Billion), 2017-2021
7.    Global Aircraft Actuator Market Forecast: Breakup by End User (USD Billion), 2022-2027
8.    Global Aircraft Actuator Historical Market: Breakup by Region (USD Billion), 2017-2021
9.    Global Aircraft Actuator Market Forecast: Breakup by Region (USD Billion), 2022-2027
10.    North America Aircraft Actuator Historical Market: Breakup by Country (USD Billion), 2017-2021
11.    North America Aircraft Actuator Market Forecast: Breakup by Country (USD Billion), 2022-2027
12.    Europe Aircraft Actuator Historical Market: Breakup by Country (USD Billion), 2017-2021
13.    Europe Aircraft Actuator Market Forecast: Breakup by Country (USD Billion), 2022-2027
14.    Asia Pacific Aircraft Actuator Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    Asia Pacific Aircraft Actuator Market Forecast: Breakup by Country (USD Billion), 2022-2027
16.    Latin America Aircraft Actuator Historical Market: Breakup by Country (USD Billion), 2017-2021
17.    Latin America Aircraft Actuator Market Forecast: Breakup by Country (USD Billion), 2022-2027
18.    Middle East and Africa Aircraft Actuator Historical Market: Breakup by Country (USD Billion), 2017-2021
19.    Middle East and Africa Aircraft Actuator Market Forecast: Breakup by Country (USD Billion), 2022-2027
20.    Global Aircraft Actuator Market Structure

Key Questions Answered in the Report

In 2021, the global aircraft actuator market attained a value of nearly USD 14.3 billion.

The market is estimated to grow at a CAGR of 6.20% between 2022 and 2027.

The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach USD 20.7 billion by 2027.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with North America accounting for the largest share in the market.

The major drivers of the industry, such as the rising application of aircraft actuators in the aviation industry, increasing government investments in the military and defence sector, and the growing demand for electric actuators, are expected to aid the market growth.

The key market trends guiding the growth of the industry include the growing technological advancements and the increasing R&D activities in the aviation industry.

Linear and rotary are the major aircraft actuator types in the market.

Hydraulic actuators, electrical actuators, pneumatic actuators, and mechanical actuators are the major segments based on system, considered within the market report.

Commercial aircraft and military aircraft are the different end users of the product.

The major players in the industry are Honeywell International Inc., Collins Aerospace, Parker-Hannifin Corporation, Moog Inc., and Eaton, among others.

Analyst Review

The global aircraft actuator market attained a value of USD 14.3 billion in 2021, driven by the growing aviation industry in emerging economies. Aided by the rapid technological advancements in the aerospace and defence industry, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 6.20%. The market is projected to reach USD 20.7 billion by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type, the market is divided into linear and rotary. On the basis of system, the market is divided into hydraulic actuators, electrical actuators, pneumatic actuators, and mechanical actuators. The significant end users of the product include commercial aircraft and military aircraft. The major regional markets for aircraft actuator are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America accounting for the largest market share. The key players in the above market include Honeywell International Inc., Collins Aerospace, Parker-Hannifin Corporation, Moog Inc., and Eaton, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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