Aircraft Actuators Market SWOT analysis and Key Business Strategies, Demand & Forecast 2023 - 2030 | Raytheon Technologies Corporation, Nook Industries Inc

Aircraft actuators are electro-mechanical devices used to control aircraft parts and flight control surfaces. Hydraulic, electric and electromechanical actuators help in maneuvering flight control systems like ailerons, elevators, rudders and flaps that assist with take-off and landing of an aircraft.

Market Dynamics:

The aircraft actuators market is witnessing high growth owing to rising aircraft procurement for fleet expansion as well as aircraft modernization programs undertaken by various countries. According to Airbus estimates, the global commercial aircraft fleet is expected to grow by over 39,000 new aircraft over the next 20 years. This is expected to create significant demand for aircraft actuators during the forecast period. Furthermore, growing investments in development of advanced aircraft technologies like more electric aircraft and hybrid electric aircraft that incorporate significant usage of advanced electromechanical actuators is also fueling market growth.

The global aircraft actuators market size was valued at US$ 8370 million in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 7.12% from 2022 to 2030

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Aircraft Actuators Market's Increasing Commercial Aircraft Delivery is Driving Market Growth

The increasing demand for new commercial aircraft is one of the key drivers driving the growth of the aircraft actuators market. The growing air passenger traffic across the globe is compelling aircraft manufacturers like Boeing and Airbus to ramp up production of new commercial aircraft. According to Airbus, more than 42,000 new commercial aircraft worth $6.3 trillion will be required over the next 20 years to support the strong demand for air travel. With airlines retiring older jets and inducting new fuel-efficient aircraft to replace them, this will create strong demand for aircraft actuators that are an integral part used in different flight control systems and landing gears of aircraft. Aircraft manufacturers are also focusing on improving aircraft fuel efficiency and enhancing flight experience for passengers through technological advancements which necessitates the integration of advanced actuators. The increased commercial aircraft deliveries are therefore expected to drive significant demand for aircraft actuators during the forecast period.

Top Key Players:

Heroux-Devtek Inc., Honeywell International Inc., Liebherr-International , Raytheon Technologies Corporation, Nook Industries Inc., Parker Hannifin Corp., Electromech Technologies, Eaton Corporation PLC, Arkwin Industries Inc., Moog Inc., Woodward Inc., Safran SA, and Triumph Group

Detailed Segmentation:

Global Aircraft Actuators Market, By Type
Linear
Rotary

Global Aircraft Actuators Market, By System
Hydraulic Actuators
Electrical Actuators
Pneumatic Actuators
Mechanical Actuators

Global Aircraft Actuators Market, By End User
Commercial Aircraft
Military Aircraft
General Aviation Aircraft

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Regional Analysis:

⁃ North America: United States, Canada, and Mexico

⁃ South & Central America: Argentina, Chile, Brazil and Others

⁃ Middle East & Africa: Saudi Arabia, UAE, Israel, Turkey, Egypt, South Africa & Rest of MEA.

⁃ Europe: UK, France, Italy, Germany, Spain, BeNeLux, Russia, NORDIC Nations and Rest of Europe.

⁃ Asia-Pacific: India, China, Japan, South Korea, Indonesia, Thailand, Singapore, Australia and Rest of APAC.

Advent of More Electric Aircraft Offers Huge Market Opportunity

The evolving vision of more electric aircraft that replaces pneumatic, hydraulic and mechanic flight systems with electric ones offers massive opportunities for aircraft actuators market. More electric aircraft (MEA) relies on electric motors, powered by high capacity generators to operate flight control surfaces and other airframe systems instead of hydraulic or pneumatic actuation. This shift enables significant weight savings, reduces the aircraft's carbon footprint and maintenance costs for airlines. However, it places greater emphasis on electric actuators and related sub-systems that can withstand high temperatures and provide fault tolerance. Leading manufacturers like Airbus, Boeing and others are already developing MEA demonstrator programs where electric actuators of smaller size, higher power density and reliability will play a vital role. The evolution towards more electrically powered aircraft architecture will significantly increase demand for aircraft actuators during both manufacturing and aftermarket. The growing MEA market trends present a huge growth opportunity for innovation and deployment of advanced electric aircraft actuator technologies.

Growing Demand for Lightweight Composite Actuators is The Emerging Trend

With aircraft manufacturers striving to reduce aircraft weight and lower fuel burn, innovating with composite lightweight materials for actuator structures is an emerging trend. Composites are increasingly being evaluated as a feasible alternative to metal alloys used in aircraft actuators currently. Composite actuators provide opportunities to designs with higher strength-to-weight ratios compared to conventional metallic designs. Several leading actuator manufacturers have successfully flight tested composite actuator prototypes that are up to 30% lighter in weight. Moving forward, the use of advanced carbon fiber reinforced plastics (CFRP), including thermosets and thermoplastics will allow designs to achieve even greater weight savings as well as offer corrosion resistance and damage tolerance. The development of automated fiber placement (AFP) also enables near-net-shape composites production. The need to comply with stringent carbon emission regulations will compel aircraft OEMs and tier players to adopt production-ready lightweight composite actuators solutions across different aircraft platforms in the coming years.

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Key Questions Addressed in the Market Report:

What is the expected size, share, and CAGR of the Aircraft Actuators Market over the forecast period?
What are the key trends expected to influence the Aircraft Actuators Market between 2023 and 2030?
What is the expected demand for various types of products/services in the Aircraft Actuators Market?
What long-term impact will strategic advancements have on the Aircraft Actuators Market?
Who are the key players and stakeholders in the Aircraft Actuators Market?
What are the different segments and sub-segments considered in the Aircraft Actuators Market research study?
Strategic Points Covered in Table of Content of Global Aircraft Actuators Market:

Chapter 1 : Introduction, market driving forces, and product The study and research objectives are to investigate the Aircraft Actuators market.

Chapter 2: Exclusive Summary - Aircraft Actuators Market Fundamentals.

Chapter 3: The Changing Impact on Market Dynamics- Drivers, Trends, and the Challenges and Opportunities of Process Spectroscopy

Chapter 4: Aircraft Actuators Market Factor Analysis, Porter's Five Forces Analysis, Supply/Value Chain, SWOT Analysis, Market Entropy, and Patent/Trademark Analysis are all presented in this chapter

Chapter 5: 2017-2022 Forecast by Type, End User, and Region/Country

Chapter 6: Evaluating the key players in the Aircraft Actuators market, including the Competitive Landscape, Peer Group Analysis, BCG Matrix, and Company Profile.

Chapter 7: To evaluate the market by segments, countries, and manufacturers/companies, as well as revenue share and sales by major countries in these regions (2023-2030).

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