Aircraft Actuators Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019-2029, Segmented By Installation Type ; By System ; By Technology ; By Type ; By Platform ; By Aircraft Type ; By Region

Description

Global Aircraft Actuators Market Size More Than Doubles to Cross USD 98 Billion by 2029

Global aircraft actuators market is flourishing because of an increasing demand for commercial aircraft and high adoption of more electric aircraft concept.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated global aircraft actuators market size at USD 45.1 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects global aircraft actuators market size to grow at a significant CAGR of 11.78% reaching a value of USD 98 billion by 2029. Major growth factors of global aircraft actuators market include increasing worldwide passenger volume and expanding aircraft capability to reduce weight constraints. Also, the expansion of the aviation actuator market is related to the expansion of the aircraft manufacturing industry. It has increased the demand for lightweight, power-efficient airplane actuators. The aviation actuator industry is witnessing an increase in the use of electromechanical actuators due to their high efficiency and reliability when compared to other products. The industry is also focusing more on the usage of piezoelectric actuators and magnetic actuators, which are tiny in size and provide great energy density and support to the aircraft system. These factors, in turn, are expected to boost the expansion of global aircraft actuators market. However, high power consumption is anticipated to restrain the expansion of global aircraft actuators market during the period in analysis.

Global Aircraft Actuators Market - Overview:

An aircraft's movement and mechanics are controlled by actuators. A discount gear is used in aircraft actuators to control the rotational motion. Actuators are employed in a variety of purposes in aviation, including controlling and limiting the aircraft's speed by adjusting levers and flaps. Aircraft actuators can tolerate extreme temperatures, vibrations, and heat. Furthermore, various aircraft actuators are used during an aircraft's landing procedure. For example, linear actuators are used to open the gate of landing gear, and actuators are used to lower the position of landing gear. Hydraulic actuators were formerly utilized in landing gear; however, with advancements in technology and reliability, electric actuators are now favored in modern aircraft. Also, piezoelectric aircraft actuators are employed in aircraft vibration and noise reduction. Aircraft actuators are frequently used in commercial aircraft land gear, control, position feedback, clutches, load limiters, manual drives, seat actuation, landing gears, and electromagnetic brakes. By adjusting levers and valves, actuators limit and control engine speed and velocity. In an emergency, valves block the flow of a medium, assuring safety. A humidification system valve constantly moistens the fresh air in an aircraft.

Impact of COVID-19 on Global Aircraft Actuators Market

COVID-19 had a detrimental impact on the growth of the global aircraft actuator market because of the incidence of lockdowns in numerous nations throughout the world. Lockdowns necessitated the shutdown of several manufacturing facilities, including those for airplane actuators, reducing demand. Also, decreased flight travel among people and cancellations of both domestic and international flights in numerous nations exacerbated the market impact. Furthermore, a lack of raw resources as a result of severe trade restrictions hampered industry growth. The government established these limitations to slow the spread of the virus during the pandemic.

Global Aircraft Actuators Market - By System:

Based on system, global aircraft actuators market is divided into Flight Control System, Landing & Braking System, Thrust Reverser Actuation System, Power Generation System, Fuel Distribution System, and Payload Management System. The flight control system segment is expected to lead the aircraft actuators market. As fly-by-wire systems, which replace the physical links between the pilot controls and flight control surfaces with an electronic interface, are introduced into aircraft platforms, flight control will dominate the market. Because landing and braking systems contribute to the safety of both the aircraft and the passengers and crew on board, they are critical to the fleet's airworthiness and will account for the majority of investment throughout the projected period.

Competitive Landscape:

Major players operating in global aircraft actuators market include Honeywell International Inc., Raytheon Technologies Corporation, Parker Hannifin Corp., Eaton Corporation plc, Moog Inc., Safran SA, Triumph Group, Woodward Inc., Arkwin Industries Inc., Electromech Technologies, Nook Industries Inc., Liebherr-International Deutschland GmbH, and Beaver Aerospace & Defense Inc. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Global Aircraft Actuators Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Aircraft Actuators Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Product Code: BWC23091

1. Research Framework

1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation

2. Executive Summary

3. Global Aircraft Actuators Market Insights

3.1. Industry Value Chain Analysis
- 3.1.1. DROC Analysis
- 3.1.2. Growth Drivers
  - 3.1.2.1. Increasing Adoption of More Electric Aircraft Concept
  - 3.1.2.2. Growing Demand for Commercial Aircraft
- 3.1.3. Restraints
  - 3.1.3.1. Power Consumption is High
- 3.1.4. Opportunities
  - 3.1.4.1. Adoption of IOT Systems in Aviation Industry
- 3.1.5. Challenges
  - 3.1.5.1. Stringent Government Regulations
3.2. Technological Advancement/Recent Developments
3.3. Regulatory Framework
3.4. Porter's Five Forces Analysis
- 3.4.1. Bargaining Power of Suppliers
- 3.4.2. Bargaining Power of Buyers
- 3.4.3. Threat of New Entrants
- 3.4.4. Threat of Substitutes
- 3.4.5. Intensity of Rivalry

4. Global Aircraft Actuators Market Overview

4.1. Market Platform & Forecast, 2019-2029
- 4.1.1. By Value (USD Million)
4.2. Market Share & Forecast
- 4.2.1. By Installation type
  - 4.2.1.1. Original Equipment Manufacturer (OEM)
  - 4.2.1.2. Retrofit
- 4.2.2. By System
  - 4.2.2.1. Flight Control System
  - 4.2.2.2. Landing & Braking System
  - 4.2.2.3. Thrust Reverser Actuation System
  - 4.2.2.4. Power Generation System
  - 4.2.2.5. Fuel Distribution System
  - 4.2.2.6. Payload Management System
  - 4.2.2.7. Others
- 4.2.3. By Technology
  - 4.2.3.1. Full-Electric
  - 4.2.3.2. Hydraulic
  - 4.2.3.3. Electric Hybrid
  - 4.2.3.4. Mechanical
  - 4.2.3.5. Pneumatic
- 4.2.4. By Type
  - 4.2.4.1. Linear
  - 4.2.4.2. Rotary
- 4.2.5. By Platform
  - 4.2.5.1. Commercial Aviation
  - 4.2.5.2. Military Aviation
  - 4.2.5.3. Business & General Aviation
- 4.2.6. By Aircraft Type
  - 4.2.6.1. Fixed-wing
  - 4.2.6.2. Rotary-wing
- 4.2.7. By Region
  - 4.2.7.1. North America
  - 4.2.7.2. Europe
  - 4.2.7.3. Asia Pacific (APAC)
  - 4.2.7.4. Latin America (LATAM)
  - 4.2.7.5. Middle East and Africa (MEA)

5. North America Aircraft Actuators Market

5.1. Market Platform & Forecast, 2019-2029
- 5.1.1. By Value (USD Million)
5.2. Market Share & Forecast
- 5.2.1. By Installation type
- 5.2.2. By System
- 5.2.3. By Technology
- 5.2.4. By Type
- 5.2.5. By Platform
- 5.2.6. By Aircraft Type
- 5.2.7. By Country
  - 5.2.7.1. US
  - 5.2.7.1.1. By Installation type
  - 5.2.7.1.2. By System
  - 5.2.7.1.3. By Technology
  - 5.2.7.1.4. By Type
  - 5.2.7.1.5. By Platform
  - 5.2.7.1.6. By Aircraft Type
  - 5.2.7.2. Canada
  - 5.2.7.2.1. By Installation type
  - 5.2.7.2.2. By System
  - 5.2.7.2.3. By Technology
  - 5.2.7.2.4. By Type
  - 5.2.7.2.5. By Platform
  - 5.2.7.2.6. By Aircraft Type

6. Europe Aircraft Actuators Market

6.1. Market Platform & Forecast, 2019-2029
- 6.1.1. By Value (USD Million)
6.2. Market Share & Forecast
- 6.2.1. By Installation type
- 6.2.2. By System
- 6.2.3. By Technology
- 6.2.4. By Type
- 6.2.5. By Platform
- 6.2.6. By Aircraft Type
- 6.2.7. By Country
  - 6.2.7.1. Germany
  - 6.2.7.1.1. By Installation type
  - 6.2.7.1.2. By System
  - 6.2.7.1.3. By Technology
  - 6.2.7.1.4. By Type
  - 6.2.7.1.5. By Platform
  - 6.2.7.1.6. By Aircraft Type
  - 6.2.7.2. UK
  - 6.2.7.2.1. By Installation type
  - 6.2.7.2.2. By System
  - 6.2.7.2.3. By Technology
  - 6.2.7.2.4. By Type
  - 6.2.7.2.5. By Platform
  - 6.2.7.2.6. By Aircraft Type
  - 6.2.7.3. Italy
  - 6.2.7.3.1. By Installation type
  - 6.2.7.3.2. By System
  - 6.2.7.3.3. By Technology
  - 6.2.7.3.4. By Type
  - 6.2.7.3.5. By Platform
  - 6.2.7.3.6. By Aircraft Type
  - 6.2.7.4. France
  - 6.2.7.4.1. By Installation type
  - 6.2.7.4.2. By System
  - 6.2.7.4.3. By Technology
  - 6.2.7.4.4. By Type
  - 6.2.7.4.5. By Platform
  - 6.2.7.4.6. By Aircraft Type
  - 6.2.7.5. Spain
  - 6.2.7.5.1. By Installation type
  - 6.2.7.5.2. By System
  - 6.2.7.5.3. By Technology
  - 6.2.7.5.4. By Type
  - 6.2.7.5.5. By Platform
  - 6.2.7.5.6. By Aircraft Type
  - 6.2.7.6. The Netherlands
  - 6.2.7.6.1. By Installation type
  - 6.2.7.6.2. By System
  - 6.2.7.6.3. By Technology
  - 6.2.7.6.4. By Type
  - 6.2.7.6.5. By Platform
  - 6.2.7.6.6. By Aircraft Type
  - 6.2.7.7. Rest of Europe
  - 6.2.7.7.1. By Installation type
  - 6.2.7.7.2. By System
  - 6.2.7.7.3. By Technology
  - 6.2.7.7.4. By Type
  - 6.2.7.7.5. By Platform
  - 6.2.7.7.6. By Aircraft Type

7. Asia Pacific Aircraft Actuators Market

7.1. Market Platform & Forecast, 2019-2029
- 7.1.1. By Value (USD Million)
7.2. Market Share & Forecast
- 7.2.1. By Installation type
- 7.2.2. By System
- 7.2.3. By Technology
- 7.2.4. By Type
- 7.2.5. By Platform
- 7.2.6. By Aircraft Type
- 7.2.7. By Country
  - 7.2.7.1. China
  - 7.2.7.1.1. By Installation type
  - 7.2.7.1.2. By System
  - 7.2.7.1.3. By Technology
  - 7.2.7.1.4. By Type
  - 7.2.7.1.5. By Platform
  - 7.2.7.1.6. By Aircraft Type
  - 7.2.7.2. India
  - 7.2.7.2.1. By Installation type
  - 7.2.7.2.2. By System
  - 7.2.7.2.3. By Technology
  - 7.2.7.2.4. By Type
  - 7.2.7.2.5. By Platform
  - 7.2.7.2.6. By Aircraft Type
  - 7.2.7.3. Japan
  - 7.2.7.3.1. By Installation type
  - 7.2.7.3.2. By System
  - 7.2.7.3.3. By Technology
  - 7.2.7.3.4. By Type
  - 7.2.7.3.5. By Platform
  - 7.2.7.3.6. By Aircraft Type
  - 7.2.7.4. South Korea
  - 7.2.7.4.1. By Installation type
  - 7.2.7.4.2. By System
  - 7.2.7.4.3. By Technology
  - 7.2.7.4.4. By Type
  - 7.2.7.4.5. By Platform
  - 7.2.7.4.6. By Aircraft Type
  - 7.2.7.5. Australia & New Zealand
  - 7.2.7.5.1. By Installation type
  - 7.2.7.5.2. By System
  - 7.2.7.5.3. By Technology
  - 7.2.7.5.4. By Type
  - 7.2.7.5.5. By Platform
  - 7.2.7.5.6. By Aircraft Type
  - 7.2.7.6. Indonesia
  - 7.2.7.6.1. By Installation type
  - 7.2.7.6.2. By System
  - 7.2.7.6.3. By Technology
  - 7.2.7.6.4. By Type
  - 7.2.7.6.5. By Platform
  - 7.2.7.6.6. By Aircraft Type
  - 7.2.7.7. Malaysia
  - 7.2.7.7.1. By Installation type
  - 7.2.7.7.2. By System
  - 7.2.7.7.3. By Technology
  - 7.2.7.7.4. By Type
  - 7.2.7.7.5. By Platform
  - 7.2.7.7.6. By Aircraft Type
  - 7.2.7.8. Singapore
  - 7.2.7.8.1. By Installation type
  - 7.2.7.8.2. By System
  - 7.2.7.8.3. By Technology
  - 7.2.7.8.4. By Type
  - 7.2.7.8.5. By Platform
  - 7.2.7.8.6. By Aircraft Type
  - 7.2.7.9. Philippines
  - 7.2.7.9.1. By Installation type
  - 7.2.7.9.2. By System
  - 7.2.7.9.3. By Technology
  - 7.2.7.9.4. By Type
  - 7.2.7.9.5. By Platform
  - 7.2.7.9.6. By Aircraft Type
  - 7.2.7.10. Vietnam
  - 7.2.7.10.1. By Installation type
  - 7.2.7.10.2. By System
  - 7.2.7.10.3. By Technology
  - 7.2.7.10.4. By Type
  - 7.2.7.10.5. By Platform
  - 7.2.7.10.6. By Aircraft Type
  - 7.2.7.11. Rest of APAC
  - 7.2.7.11.1. By Installation type
  - 7.2.7.11.2. By System
  - 7.2.7.11.3. By Technology
  - 7.2.7.11.4. By Type
  - 7.2.7.11.5. By Platform
  - 7.2.7.11.6. By Aircraft Type

8. Latin America Aircraft Actuators Market

8.1. Market Platform & Forecast, 2019-2029
- 8.1.1. By Value (USD Million)
8.2. Market Share & Forecast
- 8.2.1. By Installation type
- 8.2.2. By System
- 8.2.3. By Technology
- 8.2.4. By Type
- 8.2.5. By Platform
- 8.2.6. By Aircraft Type
- 8.2.7. By Country
  - 8.2.7.1. Brazil
  - 8.2.7.1.1. By Installation type
  - 8.2.7.1.2. By System
  - 8.2.7.1.3. By Technology
  - 8.2.7.1.4. By Type
  - 8.2.7.1.5. By Platform
  - 8.2.7.1.6. By Aircraft Type
  - 8.2.7.2. Mexico
  - 8.2.7.2.1. By Installation type
  - 8.2.7.2.2. By System
  - 8.2.7.2.3. By Technology
  - 8.2.7.2.4. By Type
  - 8.2.7.2.5. By Platform
  - 8.2.7.2.6. By Aircraft Type
  - 8.2.7.3. Argentina
  - 8.2.7.3.1. By Installation type
  - 8.2.7.3.2. By System
  - 8.2.7.3.3. By Technology
  - 8.2.7.3.4. By Type
  - 8.2.7.3.5. By Platform
  - 8.2.7.3.6. By Aircraft Type
  - 8.2.7.4. Peru
  - 8.2.7.4.1. By Installation type
  - 8.2.7.4.2. By System
  - 8.2.7.4.3. By Technology
  - 8.2.7.4.4. By Type
  - 8.2.7.4.5. By Platform
  - 8.2.7.4.6. By Aircraft Type
  - 8.2.7.5. Rest of LATAM
  - 8.2.7.5.1. By Installation type
  - 8.2.7.5.2. By System
  - 8.2.7.5.3. By Technology
  - 8.2.7.5.4. By Type
  - 8.2.7.5.5. By Platform
  - 8.2.7.5.6. By Aircraft Type

9. Middle East & Africa Aircraft Actuators Market

9.1. Market Platform & Forecast, 2019-2029
- 9.1.1. By Value (USD Million)
9.2. Market Share & Forecast
- 9.2.1. By Installation type
- 9.2.2. By System
- 9.2.3. By Technology
- 9.2.4. By Type
- 9.2.5. By Platform
- 9.2.6. By Aircraft Type
- 9.2.7. By Country
  - 9.2.7.1. Saudi Arabia
  - 9.2.7.1.1. By Installation type
  - 9.2.7.1.2. By System
  - 9.2.7.1.3. By Technology
  - 9.2.7.1.4. By Type
  - 9.2.7.1.5. By Platform
  - 9.2.7.1.6. By Aircraft Type
  - 9.2.7.2. UAE
  - 9.2.7.2.1. By Installation type
  - 9.2.7.2.2. By System
  - 9.2.7.2.3. By Technology
  - 9.2.7.2.4. By Type
  - 9.2.7.2.5. By Platform
  - 9.2.7.2.6. By Aircraft Type
  - 9.2.7.3. Qatar
  - 9.2.7.3.1. By Installation type
  - 9.2.7.3.2. By System
  - 9.2.7.3.3. By Technology
  - 9.2.7.3.4. By Type
  - 9.2.7.3.5. By Platform
  - 9.2.7.3.6. By Aircraft Type
  - 9.2.7.4. Kuwait
  - 9.2.7.4.1. By Installation type
  - 9.2.7.4.2. By System
  - 9.2.7.4.3. By Technology
  - 9.2.7.4.4. By Type
  - 9.2.7.4.5. By Platform
  - 9.2.7.4.6. By Aircraft Type
  - 9.2.7.5. South Africa
  - 9.2.7.5.1. By Installation type
  - 9.2.7.5.2. By System
  - 9.2.7.5.3. By Technology
  - 9.2.7.5.4. By Type
  - 9.2.7.5.5. By Platform
  - 9.2.7.5.6. By Aircraft Type
  - 9.2.7.6. Nigeria
  - 9.2.7.6.1. By Installation type
  - 9.2.7.6.2. By System
  - 9.2.7.6.3. By Technology
  - 9.2.7.6.4. By Type
  - 9.2.7.6.5. By Platform
  - 9.2.7.6.6. By Aircraft Type
  - 9.2.7.7. Algeria
  - 9.2.7.7.1. By Installation type
  - 9.2.7.7.2. By System
  - 9.2.7.7.3. By Technology
  - 9.2.7.7.4. By Type
  - 9.2.7.7.5. By Platform
  - 9.2.7.7.6. By Aircraft Type
  - 9.2.7.8. Rest of MEA
  - 9.2.7.8.1. By Installation type
  - 9.2.7.8.2. By System
  - 9.2.7.8.3. By Technology
  - 9.2.7.8.4. By Type
  - 9.2.7.8.5. By Platform
  - 9.2.7.8.6. By Aircraft Type

10. Competitive Landscape

10.1. List of Key Players and Their Offerings
10.2. Global Aircraft Actuators Company Market Share Analysis, 2022
10.3. Competitive Benchmarking, By Operating Parameters
10.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)

11. Impact of Covid-19 on Global Aircraft Actuators Market

12. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)

12.1. Honeywell International Inc.
12.2. Raytheon Technologies Corporation
12.3. Parker Hannifin Corp.
12.4. Eaton Corporation plc
12.5. Moog Inc.
12.6. Safran SA
12.7. Triumph Group
12.8. Woodward Inc.
12.9. Arkwin Industries Inc.
12.10. Electromech Technologies
12.11. Nook Industries Inc.
12.12. Liebherr-International Deutschland GmbH
12.13. Beaver Aerospace & Defense Inc.
12.14. Other Prominent Players

13. Key Strategic Recommendations

14. Research Methodology

14.1. Qualitative Research
- 14.1.1. Primary & Secondary Research
14.2. Quantitative Research
14.3. Market Breakdown & Data Triangulation
- 14.3.1. Secondary Research
- 14.3.2. Primary Research
14.4. Breakdown of Primary Research Respondents, By Region
14.5. Assumptions & Limitations