Aircraft Actuator Market Size, Share, Trends, Growth 2032

Aircraft Actuator Market Insights

According to Zion Market Research, the global Aircraft Actuator Market was worth USD 8.76 Billion in 2023. The market is forecast to reach USD 16.94 Billion by 2032, growing at a compound annual growth rate (CAGR) of 7.6% during the forecast period 2024-2032.

The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Aircraft Actuator industry over the next decade.

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Aircraft Actuator Market: Overview

The increase in the global population and rapid development in technology has led to an increase in demand for civil aircraft. Hence, the aircraft actuator market is expected to boost in the coming period. Aircraft actuators help create a safe journey for all passengers on board. Actuators in aircraft play a crucial role in control and flight. Actuators are used in flaps, landing gear, and weapon systems. They are also used in load limiters, clutches, seat actuation, manual drives, electromagnetic brakes, and position feedback for commercial aircraft. Actuators are needed in nearly all systems of an aircraft including oxygen, air system, fuel, water, and hydraulic

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Global Aircraft Actuator Market: Growth Factors

Increasing urbanization; rising migrants, tourists, and international students; a growing middle-class population; and continued economic growth are a few factors that contribute to the growth of the global aircraft actuator market. Bilateral air service agreements, flourishing trade among nations, and liberalization are other factors propelling the growth of the global market.

Global Aircraft Actuator Market: Segmentation

The aircraft actuator market can be segmented on the basis of the component, application, aircraft type, and geography.

The component segment is further classified as electrical, mechanical, and electronic.

The application segment of the global aircraft actuator market is segmented as power distribution, power generation, landing and braking, fuel, flight control, health monitoring, and avionics.

The aircraft type segment is further diversified as the wide body, narrow body, and very large body. Narrow-body aircraft had the largest market by aircraft type as a result of the rise in increasing passenger traffic, aircraft sales, and technological advancement.

The aircraft actuator market can also be segmented on the basis of product into electric actuators, hydraulic, mechanical, and pneumatic. The hydraulic actuator market is the dominant segment owing to increasing the need for hydraulic actuators in constant speed propellers, operating wheel brakes, and retractable land gear.

Aircraft Actuator Market: Report Scope

Global Aircraft Actuator Market: Regional Analysis

On account of the increase in overseas education, disposable income, and migration, the Asia-Pacific region is anticipated to observe considerable growth aircraft actuators market. Hence, the Asia-Pacific region is estimated to witness a significant rise in the digit of commercial aircraft and air traffic. The aircraft actuator market in North America is estimated to observe positive growth due to an increase in acceptance of the modern standardization strategies for security by North American Airlines. Owing to rising investments in renovating wide-body aircraft in the United States, this region is also estimated to witness positive demand in the future.

The aircraft production rate of Boeing is expected to increase in the coming period owing to increasing the need for actuators in North America. Increased need for enhancement as a result of high air traffic in developed economies such as North America and Europe has surged the need for better reliability and efficiency-backed aviation actuators

Global Aircraft Actuator Market: Competitive Players

The major players in the aircraft actuator market are

• Rockwell Collins, Inc
• Honeywell Aerospace, Inc
• Safran SA
• Vishay Intertechnology, Inc
• Woodward, Inc
• Infineon Technologies AG
• Microsemi Corporation
• UTC Aerospace Systems

The global aircraft actuator market is segmented as follows:

By Component

• Electrical
• Mechanical
• Electronic

By Application

• Power Distribution
• Power Generation
• Landing And Braking
• Fuel
• Flight Control
• Health Monitoring
• Avionics

By Aircraft Type

• As The Wide Body
• Narrow Body
• Very Large Body

Aircraft Actuator Market Regional Segmentation

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of The Middle East & Africa