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Aviation Actuator System Market - Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition and Forecasts 2022 to 2030

Aviation Actuator System Market - Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition and Forecasts 2022 to 2030

Region : Global | Format : report format | Report ID : 128588 | No. of Pages : 250

  • DESCRIPTION
  • TABLE OF CONTENT
  • METHODOLOGY
  • REPORT SCOPE

The Global Aviation Actuator System Market Is Projected To Grow From USD 14.5 Billion In 2022 To USD 24.1 Billion By 2030, At A CAGR Of 5.4% From 2022 To 2030.

Aviation Actuator System Market Overview:

Actuators are primarily used to convert electrical signals into mechanical motion or other physical variables such as temperature or pressure. Therefore, it plays an important role in the functioning of the control system. For example, in applications in the aerospace industry, it is important that actuators achieve very high dynamic forces and fit into small and tight spaces. They must also withstand ambient conditions such as strong vibrations, heat and cold. Also in the aviation industry, a wide range of applications are controlled by actuators, such as controlling and limiting speed and engine speed by adjusting levers and flaps. Actuators are also mounted on the aircraft's valves and engines.

The air actuator system market has witnessed significant growth over the past 20 years. This is mainly attributable to increased demand for aircraft due to surge in global passenger traffic. Demand for commercial airliners has increased significantly in recent years. This growth can be attributed to continued economic growth, rising consumer spending, particularly in developing countries such as India and China, and increasing global passenger traffic. To meet the growing passenger traffic, production of several new aircraft has increased, such as the Boeing 737 Max, the Airbus A320neo and A350, and the Bombardier C series primarily used for air travel. These factors are likely to drive the global air actuator system market over the forecast period.

Aviation Actuator System Market size, estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Aviation Actuator System Market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.

Key Market Updates:

  • In July 2022, Safran SA launched a new line of Electro-hydrostatic Actuators (EHA) for the nose landing gear of the various aircraft platforms offered by the company.
  • In January 2020, Honeywell International Inc. announced the development of a new line of electromechanical actuators specifically designed for Urban Air Mobility (UAM) applications.

Major Market Segments Covered in Aviation Actuator System Market Industry Research:

Market Key Players:
Aero Space Controls Corporation, GE Aviation, Honeywell International Inc., ITT INC, Microsemi, MOOG INC., PARKER HENNIFIN CORP, Collins Aerospace, Safran, Sitec Aerospace GmbH, Crissair, Inc., and Woodward Inc.

By Type:

  • Mechanical Actuator
  • Hydraulic Actuator
  • Electric Actuator
  • Others (Including Piezoelectric Actuator, Pneumatic Actuator, and Electrohydrostatic Actuator)
By Application:
  • Flight Control
  • Auxiliary Control
  • Utility Actuation
  • Others (Including Weapons Bay Door Drive)

By End-use:

  • Commercial Aviation
  • Defense
By Region:

Emerging countries such as China, India, and Brazil are expected to create new growth opportunities for prominent players operating in the market. For instance, according to the Commercial Aircraft Corporation of China, Ltd. in September 2019, the Chinese market is expected to witness strong demand for commercial aircraft over the next 20 years. Also, according to the market forecast report (2018-2037), deliveries of 9,008 passenger planes valued at approximately $0.16 trillion (9 trillion yen) are expected. Latin American countries are expanding their aviation sector with increasing air traffic. Therefore, these developments are expected to increase the demand for aircraft actuator systems driving the market growth in Latin America region during the forecast period. The growth of the aviation industry is expected to fuel the demand for aircraft, which in turn fuels the demand for aircraft actuators. In addition, surge in SME participation in aircraft component manufacturing is expected to boost aircraft demand. Therefore, growing demand in emerging regions is expected to propel the demand for aircraft actuators market in the near future.

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Denmark
    • Finland
    • Iceland
    • Sweden
    • Norway
    • Belgium
    • The Netherlands
    • Luxembourg
    • Germany
    • France
    • Italy
    • Spain
    • UK
    • Nordic Countries
    • Benelux Union
    • Rest of Europe
  • Asia-Pacific
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
    • Japan
    • China
    • India
    • Australia
    • South Korea
    • Southeast Asia
    • Rest of Asia-Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

Significant Market Dynamics:

Opportunity: 

The Internet of Things (IoT) refers to the networking of physical objects with the help of devices including sensors and actuators that can transmit information within a network. IoT in aviation offers numerous opportunities to improve operational efficiencies and automation in various aircraft operations. With IoT, multiple actuators with different functions can be compiled together to form a network where the connected actuators can communicate with each other to perform multiple tasks. Otherwise, it is not possible for each type of actuator individually.

As next-generation aircraft are IoT-enabled, big data analytics are expected to play an important role in aircraft design, manufacturing, and maintenance during the forecast period. Now, Pratt & Whitney (United Technologies Group) has deployed IoT technology in aircraft engines to improve efficiency. Nonetheless, IoT can be used in electrical devices (e.g. actuators) to easily communicate and move together. The IoT presents an opportunity to improve automation in flight control and landing gear systems applications in aviation. Hence, increasing application coverage of actuators in IoT for these applications is expected to boost the demand for actuators over the forecast period.

Challenge: 

The aviation industry is marred by numerous bilateral, national and international regulations and standards that constrain the behavior of airports and aircraft operators. The International Civil Aviation Organization (ICAO) is tasked with establishing global standards for the commercial aviation sector to ensure the safe operation of aircraft and to control aircraft-related risks to acceptable levels.

The continued globalization and liberalization of the aviation business has put significant pressure on the airline industry to be commercially successful in an increasingly competitive environment. Nonetheless, a major focus of industry participants has been the development of advanced systems and components with reduced failure rates, lower material costs, and shorter R&D phases. Components and systems for aircraft are therefore subjected to rigorous quality inspections and rigorous testing to increase the level of safety. The increasing complexity of aircraft structures requires the use of electronic components, which makes delivery commitments difficult for aircraft OEMs. Moreover, with rapid technological advancements and new technologies and products replacing old ones every five to seven years, compliance with the regulatory environment is becoming a challenge for component and system manufacturers.

Aviation Actuator System Market report scope:

Report Attributes

Details

Growth Rate

CAGR of 5.4% from 2022 to 2030.

By Type

Mechanical Actuator, Hydraulic Actuator, Electric Actuator, Others (Including Piezoelectric Actuator, Pneumatic Actuator, and Electrohydrostatic Actuator)

By Application

 Flight Control, Auxiliary Control, Utility Actuation, Others (Including Weapons Bay Door Drive)

By Companies 

Aero Space Controls Corporation, GE Aviation, Honeywell International Inc., ITT INC, Microsemi, MOOG INC., PARKER HENNIFIN CORP, Collins Aerospace, Safran, Sitec Aerospace GmbH, Crissair, Inc., and Woodward Inc.

Regions and Countries Covered

  • North America: (US, Canada, Mexico, Rest of North America)
  • Europe(Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
  • Asia-Pacific (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
  • The Middle East & Africa(Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
  • Latin America(Brazil, Argentina, Rest of Latin America)
  • Rest Of the World

Base Year

2022

Historical Year

2017 to 2022

Forecast Year

2023 to 2030

Key Takeaways from this Aviation Actuator System Market Report

  • Estimate Aviation Actuator System Market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
  • Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
  • Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
  • Get a quick viewpoint on the Aviation Actuator System Market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
  • Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
  • Get complete insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
  • Study the sales and distribution channels over key geographies to improve top-line revenues.

Frequently Asked Questions-

What is the CAGR of Aviation Actuator System Market?

The Aviation Actuator System Market is growing at a CAGR of 5.4% During Forecast Period.

What are the key types of Aviation Actuator System Market?

Mechanical Actuator, Hydraulic Actuator, Electric Actuator, Others (Including Piezoelectric Actuator, Pneumatic Actuator, and Electrohydrostatic Actuator)

What are the key applications of Aviation Actuator System Market?

 Flight Control, Auxiliary Control, Utility Actuation, Others (Including Weapons Bay Door Drive)

Who are the key players in Aviation Actuator System Market?

Aero Space Controls Corporation, GE Aviation, Honeywell International Inc., ITT INC, Microsemi, MOOG INC., PARKER HENNIFIN CORP, Collins Aerospace, Safran, Sitec Aerospace GmbH, Crissair, Inc., and Woodward Inc.

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