Aerospace Actuators Market is Forecasted to Reach US$ 13.4 billion in 2028, Says Stratview Research

The global aerospace actuators market is projected to witness a growth rate of 4.8% annually from 2023 to 2028, with an anticipated size of US$ 13.4 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global aerospace actuators market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
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Report Highlights:
Market Size in 2028: US$ 13.4 billion
Growth (CAGR): 4.8% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 5
Number of Tables & Graphs: 100+

Segment Insights on the Aerospace Actuators Market:
The global aerospace actuators market is segmented based on platform type, actuator type, actuator technology type, end-user type, and region.

Based on platform type - The aerospace actuators market is segmented into commercial aircraft, regional aircraft, general aviation, helicopters, defense, UAVs, and space. Commercial aircraft is expected to remain the market's largest and fastest-growing platform type during the forecast period. A rise in the production rates of various commercial aircraft and upcoming aircraft programs is anticipated to boost market demand in the coming years.

Based on the actuator type - The market is segmented into primary flight control actuators, secondary flight control actuators, landing gear, thrust reversers, engine control, utilities, seats, weapon release, missiles, and others. The primary flight control actuator is expected to remain the dominant actuator type in the market, followed by secondary flight control actuators during the forecast period, owing to the high focus on safer and lighter flight control systems and the usage of many actuators.

Based on the actuator technology type - The market is segmented into hydraulic actuators, electric actuators, pneumatic actuators, and other actuators. Hydraulic is expected to remain the dominant actuator technology type in the market during the forecast period. Hydraulic actuators are easy to maintain and generate enough power to operate control surfaces with less weight & space. However, electric actuators are expected to replace conventional technologies due to their high efficiency, increased electric power, and precise level of control.

Based on the end-user type - The aerospace actuators market is segmented into OE and aftermarket based on the end-user type. OE is estimated to remain the larger end-user type until 2028. Aftermarket held a smaller share of the market in 2022. Aerospace actuators have a long life usually aligned with the life of aircraft.

To know the most attractive segments, visit:
https://www.stratviewresearch.com/3422/aerospace-actuators-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America is anticipated to maintain its dominance in the aerospace actuators market. This growth outlook is majorly attributed to the following-
- With one of the world's largest fleets of both commercial and military aircraft, the USA is the market's growth engine.
- Most of the major players in the aerospace actuators market have their presence in the region to cater to the emergent needs of OEMs and be their partner for their upcoming aircraft programs or upcoming fuel-efficient variants of existing aircraft programs.
- Over the next five years, Asia-Pacific is expected to grow at the fastest rate in the market owing to rising demand for commercial aircraft to accommodate growing passenger traffic, rising defense spending in important economies, the opening of Boeing and Airbus assembly plants, and the coming of indigenous commercial aircraft.

Aerospace Actuators Market Drivers:

Some of the key drivers listed in the report are given below.
- Rising demand for fuel-efficient aircraft, increasing air passenger traffic, and advancements in flight control systems.
- The growth of commercial aviation, military modernization programs, and integration of automation technologies.

Top Companies in the Aerospace Actuators Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• Collins Aerospace
• Moog Inc.
• Parker Hannifin Corp
• Woodward Inc.
• Liebherr Group
• TransDigm Group
• Triumph Group
• Curtiss-Wright Corporation
• Honeywell Aerospace
• Safran S.A.

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Aerospace Actuators Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.