Press release
Rapidly Expanding Airborne Optronics Market to Reach $4.27 Billion by 2029: A Comprehensive Overview
Airborne Optronics Market
Rapidly expanding from $18.23 billion in 2024 to an expected $28.54 billion by 2029, the global aircraft actuator market is powered by increased commercial aircraft demand, aerospace sector expansion, and emphasis on fuel efficiency.
What Is The Projected Market Size Of The Global Aircraft Actuator Market And Its Growth Rate?
• The aircraft actuator market has witnessed strong growth in recent years, from $18.23 billion in 2024 to $20.03 billion in 2025, growing at a CAGR of 9.9%.
• Major growth factors include robust economic growth, increased demand for commercial aircraft, expansion of the aerospace and defense industry, and the need for quieter, more comfortable aircraft.
• Projections for the next few years are highly promising - the market is expected to reach a size of $28.54 billion by 2029, growing at a CAGR of 9.2%.
• Growth drivers for the future include rising consumer disposable income, investment in aircraft fleet expansion, increased demand for unmanned aerial vehicles (UAVs), and a focus on fuel efficiency.
What Is Driving The Growth In The Aircraft Actuator Market?
Rise in global passenger traffic is predicted to drive the aircraft actuators market growth. Aircraft actuators play a crucial part in adjusting flight control surfaces such as elevators, rudders, and ailerons. Due to a robust global economy and rising consumer spending, especially in developing countries, there is an increase in air passenger traffic, contributing to the growth of aircraft actuators. For example, according to the International Air Transport Association (IATA), total global passenger traffic in March 2022 grew by 76.0% compared to March 2021. Similarly, domestic air traffic in China surged by 11.7% in March 2022. Therefore, the rising passenger traffic worldwide is expected to propel the growth of the aircraft actuator market.
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Who Are the Key Players Driving Aircraft Actuator Market Growth?
• Honeywell International Inc.
• Eaton Corporation
• Moog Inc.
• Parker Hannifin Corporation
• Safran S.A.
• Meggitt plc
• Woodward Inc.
• Sitec Aerospace GmbH
• Progressive Automations Inc.
• Tamagawa Seiki Co. Ltd.
• Aero Space Controls Corporation
• Beaver Aerospace & Defense Inc.
• Rockwell Collins Inc.
• Curtiss-Wright Corporation
• Raytheon Technologies Corporation
• Liebherr Group
• Nabtesco Corporation
• SKF Group
• Arkwin Industries Inc.
• ITT Inc.
• AAR Corporation
• GE Aviation Systems LLC
• TransDigm Group Incorporated
• BAE Systems plc
• Héroux-Devtek Inc.
• Raytheon Technologies Corp.
• Lufthansa Technik AG
• Electromech Technologies LLC
• Hemisphere Engineering Inc.
• United Technologies Corp.
What Are The Key Trends In The Aircraft Actuator Market?
• Electromechanical Actuators
• Health Monitoring and Predictive Maintenance
• Use of Advanced Materials
• Enhanced Safety and Redundancy
• Eco-friendly Actuation Systems
What Are The Segments Of The Global Aircraft Actuator Market?
• By Actuator Type: Hydraulic, Pneumatic, Electric, Electromechanical, Electrohydrostatic
• By Motion: Linear, Rotary
• By Platform: Fixed Wing, Rotary Wing
• By End User: Commercial Aircraft, Military Aircraft, Other End Users
Which Region Leads The Aircraft Actuator Market?
In 2024, North America held the largest share in the aircraft actuator market. However, Asia-Pacific is predicted to be the fastest-growing region in the future. This report covers various regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Aircraft Actuator Market Global Market Report?
- Market Size Analysis: Analyze the Aircraft Actuator Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Aircraft Actuator Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Aircraft Actuator Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Aircraft Actuator Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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