Introduction of the Aircraft Actuator Market Report

Aircraft actuators are a mechanism that transmits mechanical or rotary motion into linear motion with the help of gearing and control systems. The actuators are operated with different electric, hydraulic, pneumatic, and mechanical techniques for aircraft’s movement control. The aircraft actuators have reduction gear to control the rotating motion with a wide range of applications, including control & limit speed of the aircraft by adjusting levers & flaps. They can withstand ambient conditions such as solid heat, vibrations, and cold on the aircraft.

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Market Dynamic

Key Drivers and Emerging Trends

The factors driving the global aircraft actuator market include increasing investment by several governments towards developing military and defense aircraft for strengthening the country and rising demand for commercial aircraft across the globe due to the increasing number of passengers. For instance, according to the Stockholm International Peace Research Institute (SIPRI) Organization Report in 2019, the global military expenditure reached USD 1917 billion due to increased military demand for military aircraft and rising demand for homeland security in various countries.

Further, the rising sale of commercial aircraft due to the surge in the global aircraft passengers with rising tourism across the globe has propelled the aircraft actuator market growth. For instance, according to the International Air Transport Association, in 2020, there have been 960 new commercial aircraft scheduled for delivery, which slightly declined due to the Covid-19 pandemic.

Moreover, the rising trend towards adopting the electromechanical actuators (EMAs) for aircraft operations due to outstanding benefits such as reduced fuel burn, enhances system flexibility, reduces maintenance cost, and improves the management of isolation and fault detection is further propelling growth. Also, several leading players are adopting strategies such as mergers, acquisitions, and partnerships for developing new electromechanical actuators for aircraft that expected to strengthen the market growth. For instance, in 2019, Safran has completed the acquisition of electromechanical systems business of Collins Aerospace to help expand its product portfolio in the pilot control and actuators applications.

Restraint in the Aircraft Actuator Market

However, increasing concerns about leakages of oils and high noise problems from the hydraulic and pneumatic actuators may hamper the global aircraft actuator market. The installation of pneumatic and hydraulic actuators is also expansive. It requires high maintenance cost due to consists of various components such as air filters, dryers, fluid pump, electric pump, compressors, lube tubes, and regulators. These factors hamper the growth of the aircraft actuators market.

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Type – Segment Analysis

Based on the type, the rotary is expected to grow at the fastest rate in the global aircraft actuator market during the forecast period owing to its capability of moving in at any angle required from 90, 180, or 360 degrees. Also, the rotary actuators are used to convert high-speed, low-torque rotary motion with the help of planetary gear train into low-speed, high-torque motion, which reduces maintenance issues. Rotary actuators are durable and provide high force for aircraft operations.

Technology – Segment Analysis

Based on the technology, pneumatic is projected to capture the largest market share over the forecast period in the global aircraft actuator market due to the low maintenance requirements and high durability compared to other actuator technology.

End-User – Segment Analysis

Based on the end-user, commercial aircraft holds the highest market share in 2020 in the global aircraft actuator market owing to rising demand for the low weight aircraft and surge in demand for fuel-efficient aircraft with a surge in the number of air passengers across the globe. For instance, according to the International Civil Aviation Organization, in 2019, the total number of air passengers rose to 4.5 Billion, and increased by 3.6% compared to 2018.  

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Regional – Segment Analysis:

North America region dominated the significant market share in the global aircraft actuator market in 2020 due to the rising military and defense expenditure with a growing number of aerospace component manufacturing companies and growing adoption of advanced electric actuators for aircraft. For instance, as per the Stockholm International Peace Research Institute (SIPRI) Organization Report in 2019, military expenditure of the United States reached USD 732 Million, increased by almost 5.3% compared to the previous year. Thus, such an increase in the military spending for new military aircraft has propelled the demand for the aircraft actuators market.

Top Market Players

Various notable players operating in the market, includes Meggit Plc, Eaton, Rockwell Collins, Honeywell International Inc., Moog, UTC Aerospace Systems, Parker Aerospace, NOOK Industries, Inc., Curtiss-Wright, Transdigm Group, Inc, Woodward, Inc, and among others. 

Key Developments:

• • In 2020, Honeywell planned to develop a new line of electromechanical actuators designed for urban air mobility. These actuators will use only electric power for moving primary flight control surfaces.
  • In 2020, Eaton agreed to sell its hydraulics business to Danfoss A/S for USD 3.3 Billion.
  • In June 2019, Collins Aerospace made a partnership with Sikorsky for revolutionizing autonomous flight with new fly-by-wire technology. It will create an opportunity for an optionally piloted vehicle (POV) system, a triple-redundant system for critical safety applications such as jam-free electromechanical actuators.

Segments covered in the Report:

The global aircraft actuator market has been segmented on the basis of type, technology, end-user, and key regions. Based on type, the market is segmented into linear, and rotary. Based on technology, the market is segmented into electric, hydraulic, pneumatic and mechanical. Based on end-user, the market is segmented into military aircraft and commercial aircraft. 

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Key questions answered in this research report:

• • At what pace is global aircraft actuator market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Aircraft Actuator market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global aircraft actuator market?
  • Which type generated maximum revenues in 2020 and identifies the most promising Type during the forecast period?
  • What are the various end-users global aircraft actuator market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2020
Market Forecast Period	2021-2028
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By Technology, By End-User, and By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Meggit Plc, Eaton, Rockwell Collins, Honeywell International Inc., Moog, UTC Aerospace Systems, Parker Aerospace, NOOK Industries, Inc., Curtiss-Wright, Transdigm Group, Inc, Woodward, Inc. and among others; a total of 11 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Aircraft Actuator Market by Type

• • Linear
  • Rotary

Global Aircraft Actuator Market by Technology

• • Electric
  • Hydraulic
  • Pneumatic
  • Mechanical

Global Aircraft Actuator Market by End-User

• • Military Aircraft
  • Commercial Aircraft

Global Aircraft Actuator Market by Region

• • North America Aircraft Actuator Market (Option 1: As a part of the free 25% customization)
    • North America Aircraft Actuator Market by Type
    • North America Aircraft Actuator Market by Technology
    • North America Aircraft Actuator Market by End-User
    • US Aircraft Actuator Market All-Up
    • Canada Aircraft Actuator Market All-Up
  • Europe Aircraft Actuator Market (Option 2: As a part of the free 25% customization)
    • Europe Aircraft Actuator Market by Type
    • Europe Aircraft Actuator Market by Technology
    • Europe Aircraft Actuator Market by End-User
    • UK Aircraft Actuator Market All-Up
    • Germany Aircraft Actuator Market All-Up
    • France Aircraft Actuator Market All-Up
    • Spain Aircraft Actuator Market All-Up
    • Rest of Europe Aircraft Actuator Market All-Up
  • Asia-Pacific Aircraft Actuator Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Aircraft Actuator Market by Type
    • Asia-Pacific Aircraft Actuator Market by Technology
    • Asia-Pacific Aircraft Actuator Market by End-User
    • China Aircraft Actuator Market All-Up
    • India Aircraft Actuator Market All-Up
    • Japan Aircraft Actuator Market All-Up
    • Rest of APAC Aircraft Actuator Market All-Up
  • RoW Aircraft Actuator Market (Option 4: As a part of the free 25% customization)
    • RoW Aircraft Actuator Market by Type
    • RoW Aircraft Actuator Market by Technology
    • RoW Aircraft Actuator Market by End-User
    • Brazil Aircraft Actuator Market All-Up
    • South Africa Aircraft Actuator Market All-Up
    • Saudi Arabia Aircraft Actuator Market All-Up
    • UAE Aircraft Actuator Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Aircraft Actuator Market All-Up

Major Players Operating in the Aircraft Actuator (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Meggit Plc
  • Eaton
  • Rockwell Collins
  • Honeywell International Inc.
  • Moog
  • UTC Aerospace Systems
  • Parker Aerospace
  • NOOK Industries, Inc.
  • Curtiss-Wright
  • Transdigm Group, Inc