The aircraft actuator market size is projected to reach US$ 15.6 billion by 2031 from US$ 8.9 billion in 2023. The market is expected to register a CAGR of 7.2% in 2023–2031. Increasing investment in raising the aircraft fleet and increasing demand for narrow-body and small aircraft are among the key factors driving the aircraft actuator market.
The growth of the aircraft actuators market is majorly driven by significant investments in advanced technologies in the aviation industry. Over the past twenty years, the aviation (commercial and military) industry has grown signifacntly. The rate of technological transformation has been outstanding, which has increased the demand for various products and services. There is an increase in the adoption of aircraft actuator solutions in commercial aircraft owing to the rise in demand for improving flight control systems and landing gears. The increasing number of aircraft accidents and improving regulatory standards of safety have highlighted the importance of aircraft actuators. To improve the performance level, aircraft are adopting advanced electromechanical actuation systems. Electromechanical actuators are gaining considerable growth in the market as aircraft manufacturers are moving toward the integration of more electrical systems in aircraft. Further, advancements in aircraft control systems, such as digitalization and Internet of Things (IoT) connectivity, are supporting the market growth.
The aircraft actuator industry is continuously evolving with innovations in product offerings to provide smaller, lighter, and cost-effective actuation systems. The rising demand for electromechanical actuators to enhance the actuation processes is propelling the market growth. The advent of electric aircraft is creating a new opportunity for the market players to focus on developing lighter, smaller, and more efficient aircraft actuators. Further, increasing demand for small and narrow-body aircraft fleets from developing as well as developed nations propels the market growth. Increasing electrification in aircraft systems with hybrid formulation using mechanical and hydraulic systems is boosting the growth of the aircraft actuators market.
Aircraft flight control systems are shifting from bulky, heavy, and leaky hydraulic systems to electric autonomous systems. The advancements in electromechanical (EM) actuators, such as reliability, compact nature, lightweight, and cost-efficiency, are mounting its adoption in aircraft. Commercial and military aircraft fleets are looking for advanced systems that are lighter in weight to enhance fuel efficiency. Actuators in aircraft are used in the functionality of landing gear, slats and spoilers, seats, flaps, positioning engine inlet guide vanes, rudder, ailerons, and opening and closing cargo or weapon bay doors, among others. Since aircraft OEMs are increasingly emphasizing lightweight aircraft models, electromechanical actuators are attracting OEMs in the current scenario, which is catalyzing the aircraft actuators market. Another reason for the increasing adoption of electromechanical actuators is the paradigm shift of the aerospace industry toward electric aircraft, which is obsoleting the hydraulic, pneumatic, and mechanical systems and is increasing the adoption of electric actuation systems. This trend is generating substantial demand for electrical actuators, which is ultimately boosting the aircraft actuators market.
Aircraft actuators industry has evolved from pneumatic actuator systems and hydraulic actuator systems to electric actuator systems. As the aircraft fleet is shifting toward clean energy sources, the adoption of electric energy is on the surge in the aviation industry to reduce emissions. The advent of electric aircraft is creating a new trend of electric actuators in the market. For instance, in December 2020, Curtiss-Wright company received the order to provide primary flight control actuation technology for Alice's all-electric commuter aircraft. The company is offering a commercial-off-the-shelf (COTS) EMA design that is lighter, cost-effective and reduces the program risk. Further, hydraulic and pneumatic systems are bulkier, which increases the weight and results in increased fuel consumption. Hence, the aircraft industry is using lightweight electric actuators to reduce additional fuel consumption caused by heavy systems.
Key segments that contributed to the derivation of the aircraft actuator market analysis are type, system, and end user.
The geographic scope of the aircraft actuator market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.
North America has dominated the aircraft actuator market in 2023. The North America region includes the US, Canada, and Mexico. The aerospace industry in North America has matured due to the presence of a large number of aircraft manufacturers, advanced actuator technology providers, and a skilled workforce. There is a tremendous demand for new control systems in the region as end users such as military and commercial aircraft manufacturers are well aware of newer technologies. Owing to this, the adoption of electric and hydraulic aircraft actuator solutions in commercial aircraft is high and witnessing increased integration in new narrow-body aircraft developed by aircraft manufacturers. The commercial aerospace sector in North America is majorly dominated by Boeing, which is also integrating a wide range of actuators in its B787 and B777 models for enhanced flight control.
The regional trends and factors influencing the Aircraft Actuator Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Aircraft Actuator Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 8.9 Billion |
| Market Size by 2031 | US$ 15.6 Billion |
| Global CAGR (2023 - 2031) | 7.2% |
| Historical Data | 2021-2022 |
| Forecast period | 2023-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Aircraft Actuator Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Aircraft Actuator Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The aircraft actuator market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for aircraft actuator market and strategies:
The “Aircraft Actuator Market Size and Forecast (2021–2031)” report provides a detailed market analysis of the covering below areas: