Aircraft Actuators Market

According to Stratistics MRC, the Global Aircraft Actuators Market is accounted for $8.1 billion in 2022 and is expected to reach $13.5 billion by 2028 growing at a CAGR of 9.0% during the forecast period. Actuators on aircraft carry out a variety of crucial tasks, including adjusting flight control surfaces like the flaps, rudder, slats, and spoilers, ailerons, extending and retracting landing gear, positioning engine inlet guide vanes and thrust reversers, and opening and closing cargo or weapon bay doors, among other things. Aircraft actuators are capable of withstanding environmental conditions like intense vibrations, heat, and cold. Pneumatic and hydraulic actuators have historically been used extensively in aeroplanes, however due to the increased requirement for fuel efficiency; electric actuator adoption is rapidly rising.



Market Dynamics:

Driver:

Growing adoption of more electric aircraft concept

The development of more electric aircraft (MEA) is receiving more attention, which has prompted aircraft OEMs to work with suppliers to design and create new electric-intensive aircraft architecture more quickly. In the aviation sector, the MEA idea plays a crucial role as an enabler and offers enormous possibilities for lighter aircraft, more fuel-efficient engines, lower operating costs due to lower maintenance expenses, and higher aircraft reliability. The usage of electrical actuation systems is safer and more environmentally friendly than that of conventional actuators, which use hydraulic fluids that, when heated to high temperatures can burn the skin and contaminate or infect people. As a result, there is a growing need for electrical actuation solutions, which in turn is driving the market for aviation actuators.

Restraint:

High power consumption and other associated issues

Pneumatic actuators are a collection of diverse systems, including compressors, air filters, lubricant tubes, dryers, and regulators. They transform energy from compressed air into mechanical motion. As a result, the systems are prone to flaws like excessive noise and air leakage, and the maintenance expenses that go along with them are rather significant. Hydraulic actuators are suitable for use in wheel brakes, landing gears, propellers, flight control surfaces, wing flaps, and spoilers due to the high load factor they provide. On the other hand, electrical actuators present a unique set of problems. Therefore, malfunctioning electric actuators' excessive power consumption presents a significant hurdle for producers in this sector.

Opportunity:

Ongoing digitization and adoption of Internet of Things (IoT) systems in the aviation industry

The networking of physical objects with the use of devices, such as sensors and actuators, allowing the transfer of information within the network, is known as the Internet of Things (IoT). IoT makes it possible to combine numerous actuators with different capabilities into a network so that they may communicate with one another and carry out a variety of tasks that would otherwise be impossible for each type of actuator to carry out on its own. However, IoT can be applied to electrical appliances (like actuators) to make it simple for them to talk to each other and move in unison. The growing application scope of actuators in IoT for these applications is anticipated to drive up demand for actuators throughout the projected period because IoT offers aviation applications the chance to improve automation in these areas.

Threat:

Stringent regulatory framework

The operations of airports and aircraft operators are constrained by a plethora of bilateral, national, and international regulations and norms. Aviation incumbents are under a lot of pressure to be financially successful in a market that is becoming more and more competitive as a result of the continued globalisation and liberalisation of the aviation industry. However, the development of sophisticated systems and components with lower failure rates, cheaper materials, and shorter R&D phases has been the main emphasis of the industry players. Furthermore, it becomes difficult for the component and system makers to comply with the regulatory environment due to the rapid evolution of technology and the replacement of outdated goods every five to seven years.

Covid-19 Impact

The COVID-19 pandemic epidemic has caused a net positive decline in the demand for actuators throughout the world, especially in the areas of Asia-Pacific, the United States, and Europe. Manufacturing shutting down and late delivery have become a diminishing factor of ongoing decrease in revenues of several aircraft actuators suppliers, service providers, and manufacturing units due to the limited availability of components and equipment, limited staff at manufacturing facilities due to government rules and regulations, manufacturing shutdowns, but as the disturbance subsided, the supply chain of aircrafts deliveries gently recovered for the increasing demand of aircraft actuators.

The power generation system segment is expected to be the largest during the forecast period

The power generation system segment is estimated to have a lucrative growth. Electric power is controlled and dispersed throughout an aircraft by the actuator, which is part of the power distribution system. Depending on the size of the aircraft, a single-engine plane can have anywhere between two and five electrical systems. In an electrical panel, these systems regulate everything from lighting to avionics, making it susceptible to problems like faults or even failures.

The hydraulic segment is expected to have the highest CAGR during the forecast period

The hydraulic segment is anticipated to witness the fastest CAGR growth during the forecast period, due to their high level of control, advanced efficiency, and enduring advantages, electric actuators are expected to replace hydraulic and pneumatic ones, which will result in a global increase in demand for aircraft actuators. Hydraulic actuators are also in high demand because they offer a variety of applications that require high performance.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to expanding Indian and Chinese aviation sector investments as well as rising demand for commercial aircraft brought driven by increased air traffic. China overtook the United States as the largest aviation market by seat capacity in 2020.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to the increasing investments being made to update commercial aeroplanes to improve passenger comfort. The market is set to benefit from passengers' growing preference for flying, due to the region's growing population and increased disposable income. Furthermore, it is predicted that the market in the area would grow during the forecast period due to the presence of technologically advanced infrastructure in nations like the United States and Canada.



Key players in the market

Some of the key players profiled in the Aircraft Actuators Market Include Liebherr Group, Woodward Inc., Honeywell International Inc., Curtiss-Wright Corporation, Raytheon Technologies Corporation, Arkwin Industries Inc., Moog Inc., Safran SA, Beaver Aerospace & Defense Inc., Ametek, Inc., Nabtesco Corporation, Astronics Corporation, Pegasus Actuators GMBH, Eaton Corporation Plc, Tamagawa Seiko Co. Ltd., Sitec Aerospace GMBH, SAAB AB and ITT Inc.

Key Developments:

In July 2022, Safran SA launched a new line of electro-hydrostatic actuators (EHA) for the nose landing gear of different aircraft platforms served by the company.

In January 2020, Honeywell International Inc. announced the development of its new line of electromechanical actuators specifically designed for urban air mobility (UAM).

Installation Types Covered:
• Retrofit
• Original Equipment Manufacturer (OEM)

Wing Types Covered:
• Rotary-wing
• Fixed-wing

Systems Covered:
• Power Generation System
• Cabin Actuation System
• Flight Control System
• Fuel Storage System
• Landing & Braking System
• Payload Management System
• Thrust Reverser Actuation System
• Fuel Distribution System
• Other Systems

Types Covered:
• Rotary
• Linear

Technologies Covered:
• Electric Hybrid
• Full-Electric
• Pneumatic
• Hydraulic
• Mechanical
• Other Technologies

Applications Covered:
• Business & General Aviation
• Commercial Aviation
• Military Aviation
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances