Press release
Top Factor Driving Aircraft Actuator Market Growth in 2025: Rise In Passenger Traffic Boost The Market
What market dynamics are playing a key role in accelerating the growth of the aircraft actuator market?The surge in global passenger traffic is anticipated to propel the aircraft actuators market growth. Aircraft actuators, which are implemented to perform a variety of tasks including adjusting flight control surfaces like the elevator, rudder, and ailerons, are being driven by a growth in air passenger traffic from developing nations, a result of sustained economic development and escalating consumer expenditure. For example, the International Air Transport Association (IATA) data reveals a 76.0% escalation in total global passenger traffic in March 22 compared to the same month in the previous year. Similarly, domestic air traffic in China saw a rise of 11.7% in March 22. Thus, the uptick in passenger traffic worldwide is fuelling the aircraft actuator market's expansion.
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How will the growth rate of the aircraft actuator market shape industry trends by 2034?
The market size of aircraft actuators has seen a significant increase in the last few years. It is forecasted to escalate from $18.23 billion in 24 to $20.03 billion in 25, with a compound annual growth rate (CAGR) of 9.9%. Factors contributing to this growth in the past period include a robust economic expansion, augmented demand for commercial aircraft, the growth of the aerospace and defense industry, tough environmental legislation, and the desire for less noisy and more comfortable flights.
The market size of the aircraft actuator is slated to witness a robust increase in the forthcoming years. The market is projected to reach a staggering $28.54 billion value by 29, with a compound annual growth rate (CAGR) of 9.2%. Factors contributing to this growth during the prediction timeframe include an uptick in consumer disposable income, investment in the augmentation of aircraft fleets, increased demand for unmanned aerial vehicles (UAVs), and heightened attention to fuel efficiency. Noteworthy trends during the forecasted period include the rise in electromechanical actuators, health monitoring and predictive maintenance, advanced materials, enhanced safety and redundancy, as well as green actuation systems.
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What trends are poised to drive the future success of the aircraft actuator market?
The dominance of technology innovations is a key trend observed in the aircraft actuator market. To fortify their market standing, many leading businesses in this sector are concentrating on producing technologically progressive products. For instance, in July 22, Curtiss-Wright Corporation, an American aviation firm, was selected by Airbus UpNext to deliver bespoke electromechanical actuation (EMA) technology for the eXtra performance WING demonstrator project. The main objective of this initiative is to boost decarbonization and efficiency in future aircraft lines. The EMA technology bestows several crucial advantages such as enhanced reliability, superior energy efficiency, and lower weight, making it indispensable for creating more eco-friendly aviation solutions.
Which primary segments of the aircraft actuator market are driving growth and industry transformations?
The aircraft actuator market covered in this report is segmented -
1) By Actuators Type: Hydraulic, Pneumatic, Electric, Electromechanical, Electrohydrostatic
2) By Motion: Linear, Rotary
3) By Platform: Fixed Wing, Rotary Wing
4) By End User: Commercial Aircraft, Military Aircraft, Other End Users
Subsegments:
1) By Hydraulic Actuators: Linear Hydraulic Actuators, Rotary Hydraulic Actuators, Hydraulic Servo Actuators
2) By Pneumatic Actuators: Linear Pneumatic Actuators, Rotary Pneumatic Actuators, Pneumatic Cylinder Actuators
3) By Electric Actuators: Brushless DC Electric Actuators, Stepper Electric Actuators, AC Electric Actuators
4) By Electromechanical Actuators: DC Gear Motor Actuators, Linear Actuators with Gear Mechanism, Electric Actuators with Feedback Control
5) By Electrohydrostatic Actuators: Direct Drive Electrohydrostatic Actuators, Integrated Electrohydrostatic Actuators
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Which geographical regions are pioneering growth in the aircraft actuator market?
North America was the largest region in the aircraft actuators market in 24. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aircraft actuator market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the influential players reshaping the aircraft actuator market landscape?
Major companies operating in the aircraft actuator market include 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.
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What Is Covered In The Aircraft Actuator Global Market Report?
•Market Size Forecast: Examine the aircraft actuator market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the aircraft actuator market for a structured understanding.
•Key Players Overview: Analyze major players in the aircraft actuator market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the aircraft actuator market.
•Segment Contributions: Evaluate how different segments drive overall growth in the aircraft actuator market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the aircraft actuator market.
•Industry Challenges: Identify potential risks and obstacles affecting the aircraft actuator market.
•Competitive Landscape: Review strategic developments in the aircraft actuator market, including expansions, agreements, and new product launches.
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1 Micro Actuator Market Overview
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