Global Aircraft Actuator Market Size, Share, Forecast: By Type: Linear, Rotary; By System: Hydraulic Actuators, Electrical Actuators, Pneumatic Actuators, Mechanical Actuators; By End User: Commercial Aircraft, Military Aircraft; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032

Global Aircraft Actuator Market Size

The global aircraft actuator market stood at a value of around USD 16.13 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 6.3% to reach USD 27.96 billion by 2032.

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Aircraft Actuator Market Growth

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 of this system. In addition to this, pneumatic actuators are highly durable and reliable and can be used in the long run.

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

Aircraft Actuator Market Trends

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 growth of the aircraft actuator market. 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.

Recent Developments

As per the aircraft actuator market analysis, Safran, a France-based aerospace company, announced the acquisition of Collins Aerospace's actuation and flight control business for a total sum of USD 1.8 billion. This acquisition is expected to boost the position of Safron in the commercial and military aircraft sectors.

Aircraft Actuator Industry Outlook

As per the aircraft actuator industry analysis, the major factors driving growth in the market include increasing demand for commercial and military aircraft, and advancements in actuator technologies for enhanced performance and fuel efficiency.

According to The General Aviation Manufacturers Association (GAMA), Globally, piston airplane shipments increased from 1,137 units in 2018 to 1,524 units in 2022. Turboprop shipments also rose from 601 units in 2018 to 582 units in 2022, despite a slight dip in 2020 and 2021. Business jet shipments demonstrated steady growth, increasing from 703 units in 2018 to 712 units in 2022 which increases aircraft actuator industry revenue. The total global shipments increased from 2,441 units in 2018 to 2,818 units in 2022, indicating an overall upward trend in the aviation market.

In North America, piston airplane shipments grew from 699 units in 2018 to 1,065 units in 2022. Turboprop shipments saw a modest increase from 299 units in 2018 to 324 units in 2022, with some fluctuation in the intervening years. Business jet shipments increased from 458 units in 2018 to 481 units in 2022. The total shipments in North America rose from 1,456 units in 2018 to 1,871 units in 2022, solidifying the region’s dominant position with a 66.4% share of the global market in 2022 and boosts growth of the aircraft actuator industry.

Europe experienced growth in piston airplane shipments from 123 units in 2018 to 180 units in 2022. Turboprop shipments remained relatively stable, slightly decreasing from 78 units in 2018 to 62 units in 2022. Business jet shipments showed a slight increase from 108 units in 2018 to 116 units in 2022. The total shipments in Europe increased marginally from 309 units in 2018 to 358 units in 2022. Europe held a 12.7% share of the global market in 2022.

In the Asia-Pacific region, piston airplane shipments decreased from 210 units in 2018 to 148 units in 2022. Turboprop shipments also declined from 91 units in 2018 to 56 units in 2022 which negatively impacted the demand of aircraft actuator market. Business jet shipments decreased from 70 units in 2018 to 36 units in 2022. The total shipments in APAC dropped from 371 units in 2018 to 240 units in 2022. APAC’s share of the global market in 2022 was 8.5%.

Latin America saw an increase in piston airplane shipments from 57 units in 2018 to 87 units in 2022. Turboprop shipments remained relatively stable, rising from 90 units in 2018 to 106 units in 2022. Business jet shipments showed minor fluctuations but remained around 44 units in 2022, compared to 41 units in 2018. The total shipments in Latin America grew from 187 units in 2018 to 237 units in 2022. Latin America accounted for 8.4% of the global market share in 2022.

The Middle East and Africa showed variability in shipments. Piston airplane shipments increased from 48 units in 2018 to 44 units in 2022. Turboprop shipments decreased from 44 units in 2018 to 34 units in 2022. Business jet shipments remained consistent, with a slight increase from 26 units in 2018 to 34 units in 2022. The total shipments in Middle East and Africa slightly decreased from 118 units in 2018 to 112 units in 2022. MEA’s share of the global aircraft actuator market in 2022 was 4.0%.

North America continues to dominate the aviation market, particularly in the piston airplane segment, while other regions like Europe and LATAM are strengthening their positions in specific segments such as business jets and turboprops.

The robust growth in aviation airplane shipments, particularly in North America and the resurgence in turboprop and business jet segments globally, is driving the demand for advanced aircraft actuators, enhancing performance and fuel efficiency across various aircraft types. This increased demand is a key factor propelling the expansion of the aircraft actuator market.

Increased Aircraft Production Strengthens the Growth of the Global Market

• Technological Advancements: Innovations in actuator systems enhance aircraft performance, safety, and efficiency, which will positively impact the aircraft actuator demand forecast.

• Increased Aircraft Production: Rising demand for commercial and military aircraft boosts the need for actuators.

• Fleet Modernization: Airlines and defence sectors upgrading fleets with advanced actuators propel market growth.

• Electric Aircraft Adoption: Shift towards more electric and hybrid aircraft creates demand for advanced actuator systems.

Challenges Impacting the Global Market Include Stringent Regulations and Technological Complexity

• High Costs: The development and integration of advanced actuator systems are expensive, impacting the overall cost of aircraft production and hindering aircraft actuator demand growth.

• Stringent Regulations: Compliance with stringent safety and certification standards can delay product launches and increase costs for manufacturers.

• Technological Complexity: The increasing complexity of actuator systems requires significant technical expertise, posing challenges for manufacturers and maintenance teams.

• Supply Chain Disruptions: Global supply chain issues, such as delays and shortages of critical components, can hinder the production and timely delivery of aircraft actuators.

Key Trends Shaping the Global Market Include Electrification and Smart Actuators

• Electrification: As per the aircraft actuator market dynamics and trends, growing adoption of electric actuators to replace hydraulic and pneumatic systems.

• Smart Actuators: Integration of advanced sensing and diagnostic capabilities in actuators.

• Lightweight Materials: Increased use of lightweight materials for fuel efficiency.

• Sustainability: Focus on actuators that support reduced emissions and environmental impact.

Competitive Factors in the Global Aircraft Actuator Market Share

• The global market is highly competitive, driven by technological advancements and innovation.

• Key players focus on developing advanced and efficient actuator systems to gain a competitive edge that can aid aircraft actuator market opportunities. Factors such as reliability, performance, cost-efficiency, and compliance with stringent safety regulations play crucial roles.

• Strategic partnerships, mergers, and acquisitions are common strategies to enhance market presence and expand product portfolios. The ability to offer customized solutions tailored to specific aircraft requirements also significantly influences competitiveness.

Key Players in the Global Market and their Strategic Initiatives

• Honeywell International Inc.: Focuses on R&D, technological advancements, and strategic acquisitions to enhance product performance and expand market presence.

• Collins Aerospace: Emphasizes advanced electronics and smart technologies, with strategic collaborations and continuous product development that can increase aircraft actuator market revenue.

• Parker-Hannifin Corporation: Develops high-efficiency, lightweight actuators, expanding product range and global reach through innovation and acquisitions.

• Moog Inc.: Specializes in precision control systems, focusing on innovation and customized solutions to strengthen customer relationships.

• Eaton: Prioritizes sustainable, energy-efficient technologies, investing in advanced manufacturing and industry collaborations.

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Aircraft Actuator Industry Segmentations

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 the water system, air system, oxygen system, and fuel system, among others in an aircraft.

Based on type, the aircraft actuator market can be bifurcated into:

• Linear

• Rotary

Based on the 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.

Competitive Landscape

The report gives a detailed analysis of the following key players in the global 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 aircraft actuator industry based on Porter's five forces model along with giving a SWOT analysis.

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Aircraft Actuator Market Regional Analysis

The aircraft actuator industry in North America is driven by a strong foothold of the major aircraft manufacturers in the region, coupled with 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 aircraft actuator market development in the region in the forecast period.

Key Highlights of the Report

Aircraft Actuator Market Report Snapshots

Aircraft Actuator Market Size

Aircraft Actuator Market Growth

Aircraft Actuator Market Trends

Aircraft Actuator Companies

Aircraft Actuator Market Regional Analysis

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.