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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Aircraft Actuator Market Growth
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.
Aircraft Actuator Market Report Snapshots
Aircraft Actuator Market Growth
Aircraft Actuator Market Trends
Aircraft Actuator Market Regional Analysis
*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.*
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Key Questions Answered in the Report
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.
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