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Rising Application of Aircraft Actuators in the Military and Defence Sector to Boost the Growth of the Aircraft Actuator Industry
The rising application of aircraft actuators in military aircraft owing to the rising defence expenditure in emerging economies of the world is driving the market. Additionally, rapid urbanisation, the growing inclination of manufacturers towards developing lightweight aircraft, and the thriving aviation industry in developing and developed countries are some of the major factors propelling the growth of the aircraft actuator market. Over the forecast period, a high demand estimated for light combat aircraft, owing to the rising geopolitical tensions and increasing risk of military confrontation, will drive the demand for actuators. Furthermore, the market is expected to be aided by the growing demand for electric actuators to achieve greater efficiency and cost cutting of fuel.
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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Aircraft Actuator Market Analysis
8.1 Key Industry Highlights
8.2 Global Aircraft Actuator Historical Market (2018-2023)
8.3 Global Aircraft Actuator Market Forecast (2024-2032)
8.4 Global Aircraft Actuator Market by Type
8.4.1 Linear
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Rotary
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Aircraft Actuator Market by System
8.5.1 Hydraulic Actuators
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Electrical Actuators
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Pneumatic Actuators
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Mechanical Actuators
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.6 Global Aircraft Actuator Market by End User
8.6.1 Commercial Aircraft
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Military Aircraft
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Aircraft Actuator Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Aircraft Actuator Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Aircraft Actuator Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Aircraft Actuator Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Aircraft Actuator Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Aircraft Actuator Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Honeywell International Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Collins Aerospace
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Parker-Hannifin Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Moog Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Eaton
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Aircraft Actuator Market: Key Industry Highlights, 2018 and 2032
2. Global Aircraft Actuator Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Aircraft Actuator Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Aircraft Actuator Historical Market: Breakup by System (USD Billion), 2018-2023
5. Global Aircraft Actuator Market Forecast: Breakup by System (USD Billion), 2024-2032
6. Global Aircraft Actuator Historical Market: Breakup by End User (USD Billion), 2018-2023
7. Global Aircraft Actuator Market Forecast: Breakup by End User (USD Billion), 2024-2032
8. Global Aircraft Actuator Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Aircraft Actuator Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Aircraft Actuator Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Aircraft Actuator Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Aircraft Actuator Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Aircraft Actuator Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Aircraft Actuator Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Aircraft Actuator Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Aircraft Actuator Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Aircraft Actuator Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Aircraft Actuator Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Aircraft Actuator Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Aircraft Actuator Market Structure
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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