Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Base Year
Historical Year
Forecast Year
The global aircraft actuator market value reached 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.
Global Aircraft Actuator Market Report Summary | Description | Value |
Base Year | USD Billion | 2023 |
Historical Period | USD Billion | 2018-2023 |
Forecast Period | USD Billion | 2024-2032 |
Market Size 2023 | USD Billion | 16.13 |
Market Size 2032 | USD Billion | 27.96 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 6.3% |
CAGR 2024-2032 - Market by Region | Asia Pacific | 7.1% |
CAGR 2024-2032 - Market by Country | India | 7.3% |
CAGR 2024-2032 - Market by Country | Brazil | 6.8% |
CAGR 2024-2032 - Market by Type | Rotary | 6.9% |
CAGR 2024-2032 - Market by System | Electrical Actuators | 6.7% |
Market Share by Country 2023 | Mexico | 2.5% |
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Aircraft actuator provides multiple advantages, such as improved aircraft performance and stability with precise control systems, heightened safety through dependable flight controls, and enhanced fuel efficiency. Advanced actuators lower maintenance costs, boost flight comfort, and facilitate automation, reducing pilot workload.
The market also promotes technological innovation, extends aircraft longevity, and supports emerging designs like electric and hybrid aircraft. The overall growth of the aircraft actuator market is driven by increasing air travel demand and technological progress, which in turn stimulates economic growth and further drives the aircraft actuator industry revenue.
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 demand for the aircraft actuator market.
The aircraft actuators market dynamics and trends are driving high demand for light combat aircraft due to escalating geopolitical tensions and the increased risk of military conflicts. Additionally, the market is anticipated to benefit from the rising demand for electric actuators, which offer enhanced efficiency and fuel cost savings.
As of April 2024, the United States led global military spending between 2022 and 2023 with a 2.3% increase, reaching USD 916 billion. This expenditure constituted 3.4% of the U.S. GDP and accounted for 37% of the world's total military expenditure. China followed with an estimated USD 296 billion in military spending, marking a 6.0% increase, which represented 1.7% of its GDP and 12% of global spending. Russia's military expenditure rose by 8.2% to USD 109 billion, making up 5.9% of its GDP and 4.5% of the global total. India's military spending increased by 4.2% to USD 83.6 billion, equating to 2.4% of its GDP and 3.4% of global expenditure. Saudi Arabia experienced a substantial 17% rise in military spending, reaching USD 75.8 billion, accounting for 8.2% of its GDP and 3.1% of global military expenditure. This increase is boosting the aircraft actuator market revenue, as actuators are crucial for operating advanced weapon systems such as missile guidance and bomb release mechanisms, enhancing mission effectiveness.
In Europe, the United Kingdom's military spending grew by 7.9% to USD 74.9 billion, Germany's by 7.0% to USD 66.8 billion, and France's by 11% to USD 61.3 billion. Ukraine experienced a notable surge in military expenditure, increasing by 51% to USD 64.8 billion, accounting for 37% of its GDP and 2.7% of global spending. Other countries with significant spending increases included Poland, which saw a 75% rise to USD 31.6 billion, and Algeria, with a 76% increase to USD 18.3 billion. In Asia, South Korea's military expenditure rose by 1.1% to USD 47.9 billion, while Japan's increased by 5.0% to USD 51.8 billion. Brazil's spending rose by 3.4% to USD 22.9 billion, Canada's by 6.6% to USD 27.2 billion, and Spain's by 7.3% to USD 22.1 billion.
According to the Bureau of Transportation Statistics, U.S. scheduled airlines recorded 61.12 million passengers in January 2022. February experienced a marginal increase, reaching 61.32 million passengers. There was a significant rise in March, with the number of passengers climbing to 74.82 million. This upward trend continued into April, which saw 71.88 million passengers. In May, passenger numbers were robust at 71.86 million. By September, the count dropped to 63.63 million, but rose to 69.88 million in October and further increased to 70.42 million in November. This upward trend supports aircraft actuator market revenue, as actuators improve passenger comfort through the management of adjustable seating, cabin pressure systems, and climate control, contributing to a more enjoyable flight experience.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
“Global Aircraft Actuator Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by System
Market Breakup by End User
Market Breakup by Region
CAGR 2024-2032 - Market by | Country |
India | 7.3% |
Brazil | 6.8% |
China | 6.8% |
USA | 6.7% |
UK | 6.4% |
Canada | XX% |
France | XX% |
Italy | XX% |
Japan | XX% |
Australia | XX% |
Saudi Arabia | XX% |
Mexico | 6.3% |
Germany | 5.8% |
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The growth of the aircraft actuators industry provides notable advantages for both commercial and military aviation. In commercial aircraft, actuators enhance passenger comfort by regulating seating, cabin pressure, and climate control, boost fuel efficiency through accurate aerodynamic adjustments, and improve operational efficiency by optimising systems like landing gear and flight controls.
For military aircraft, actuators offer advanced manoeuvrability for intricate operations, bolster the reliability of essential systems such as weapon deployment and landing gear, and support cutting-edge technologies, fostering innovation and enhancing combat effectiveness. Overall, actuators are essential for enhancing performance, safety, and efficiency across different types of aircraft, which in turn drives demand in the aircraft actuator market.
The companies deliver technology and manufacturing solutions with a focus on aerospace, building technologies, and performance materials, and is well-regarded for its advanced products and services across various industries.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
Breakup by Type |
|
Breakup by System |
|
Breakup by End User |
|
Breakup by Region |
|
Market Dynamics |
|
Competitive Landscape |
|
Companies Covered |
|
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. |
Aircraft Actuator Market Growth
*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.*
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
In 2023, the global aircraft actuator market attained a value of nearly USD 16.13 billion.
The market is projected to grow at a CAGR of 6.3% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach USD 27.96 billion by 2032.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
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.
Based on the type, the market is divided into linear and rotary.
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 competitive landscape consists of Honeywell International Inc., Collins Aerospace, Parker-Hannifin Corporation, Moog Inc., and Eaton, among others.
Purchase Full Report
Datasheet
Single User License
One User
Five User License
Five Users
Corporate License
Unlimited Users
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
Share