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Global Aircraft Actuator Market to be Driven by Rising Demand for Commercial Aircraft in the Forecast Period of 2022-2027

The new report by Expert Market Research titled, ‘Global Aircraft Actuator Market Size and Forecast 2022-2027’, gives an in-depth analysis of the aircraft actuator market, assessing the market based on its segments like type, system, end user and major regions. The report tracks the newest trends within the industry and studies their impact on the general market. It also assesses the market dynamics, covering the key demand and price indicators, alongside analyzing the market based on the SWOT and Porter’s Five Forces models.

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Aircraft Actuator Market Share, Size, Industry Report, Key Player, Major Segments, and Forecast

The key highlights of the report include:

Market Overview (2017-2027)

• Historical Market Size (2021): USD 14.3 Billion
• Forecast CAGR (2022-2027): 6.20%
• Forecast Market Size (2027): USD 20.7 Billion

Pneumatic actuators deliver a tremendous amount of force and speed. As a result, linear motion control applications have a high demand for this market. Pneumatic actuators do not overheat, which is a significant advantage in this system. Furthermore, pneumatic actuators are extremely sturdy and dependable, and can be utilized for a long time. Furthermore, the segment’s cost-effectiveness is projected to drive demand for the product in the commercial aircraft market. During the projected period, these factors are expected to help the market.

Aircraft Actuator Industry Definition and Major Segments

A device fitted in an airplane that converts electrical information into mechanical movement is known as an aircraft actuator. By repositioning levers and flaps, actuators in aircraft can control the velocity and engine speed. In an aircraft, this device can be found in the water system, air system, oxygen system, and fuel system, among other places.

Based on type, the market can be bifurcated into:

• Linear
• Rotary

Based on system, the aircraft actuator market can be segmented into:

• Hydraulic Actuators
• Electrical Actuators
• Pneumatic Actuators
• Mechanical Actuators

Based on end user, the market is segmented into:

• Commercial Aircraft
• Military Aircraft

Based on region, the market can be divided into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

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Aircraft Actuator Market Trends

The market is being driven by the increasing use of aircraft actuators in military aircraft as a result of rising defence spending in emerging economies around the world. Rapid urbanization, manufacturers’ increased interest in manufacturing lightweight aircraft, and a robust aviation industry in both developing and developed countries are some of the primary drivers driving market expansion. The need for actuators will be driven by a strong demand for light combat aircraft over the projected period, owing to escalating geopolitical tensions and the danger of military conflict.

The aviation actuator business in North America is fueled by the region’s major aircraft manufacturers’ stronghold, as well as increased investments to upgrade commercial aircraft to improve passenger comfort. The market is projected to benefit from passengers’ increased preference for travelling via air. This can be linked to the region’s increased disposable income and growing population. Furthermore, technologically advanced infrastructure in countries such as the United States and Canada is expected to boost the market in the area throughout the forecast period.

Key Market Players

The major players within the market:

• Honeywell International Inc.
• Collins Aerospace
• Parker-Hannifin Corporation
• Moog Inc.
• Eaton
• others

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of those market players.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

Expert Market Research

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally. At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.