The aircraft actuators market involves the production and sales of hydraulic, electric or electromechanical actuators for aircraft usage. Aircraft actuators are essential components required for the operation of flight control surfaces like ailerons, rudder, elevators and flaps. They convert electrical or hydraulic power into mechanical motion to help pilots safely manoeuvre and land aircraft. The increasing demand for new commercial and military aircraft along with the need for lightweight components in aircraft designs are some of the key factors driving the growth of the global aircraft actuators industry.

The global aircraft actuators market size was valued at US $9.60 Billion in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 7.11% from 2022 to 2030. 

Key Takeaways

Key players operating in the Aircraft Actuators market are Heroux-Devtek Inc., Honeywell International Inc., Liebherr-International Deutschland GmbH, Raytheon Technologies Corporation, Nook Industries Inc., Parker Hannifin Corp., Electromech Technologies, Eaton Corporation PLC, Arkwin Industries Inc., Moog Inc., Woodward Inc., Safran SA, and Triumph Group. These players are focusing on new product innovations, mergers & acquisitions and strategic collaborations to gain a competitive edge in the market.

The key opportunities in the Aircraft Actuators Market Growth include rising aircraft backlogs and new aircraft program opportunities. New aircraft programs like Boeing 777X, Airbus A220 and Comac C919 provide significant growth prospects. Additionally, increasing aircraft MRO activities and focus on predictive maintenance also offer opportunities.

North America dominated the global market in 2022. However, Asia Pacific is expected to witness the highest growth during the forecast period. This can be attributed to rising aircraft deliveries from China and growing fleet size of low-cost carriers in countries like India. Manufacturers are also focusing on expanding their presence in Asia Pacific to tap the increasing demand.

Market Drivers and Restrain

One of the key drivers for the growth of the global aircraft actuators market is the increasing aircraft deliveries worldwide. As per estimates, around 39,000 new aircraft will be delivered between 2023-2042. This includes both commercial and military aircraft. New aircraft programs require thousands of actuators thus driving their demand.

Rising focus on lightweight components is another major growth driver. Aircraft OEMs and component manufacturers are developing lightweight electric and compact actuators to improve aircraft efficiency. This will further fuel the demand during the forecast period.

The high initial costs associated with aircraft actuators can restrain the growth of the market to some extent. Developing lightweight and cost-effective actuators remains a challenge. Strict aircraft certification requirements also increase design complexities. This impacts the entry of new players in the industry.
Segment Analysis

Electromechanical actuators sub segment dominates the aircraft actuators market owing to its cost effectiveness and reliability. Electromechanical actuators convert electrical energy into linear and rotary motion required for flight control surfaces like ailerons, rudders, elevators and flaps. Mechanical linkages transfer the motion from the actuators to the flight control surfaces. These actuators are preferred for commercial aircraft which require thousands of operational cycles from take-off to landing. Hydraulic actuators hold the second largest share in the market due to their high energy density and load carrying capacity. Hydraulic actuators are used for critical flight control surfaces like spoilers, flight governors and thrust reversers where large actuating force is required. Pneumatic and electromechanical actuators find increased application in fixed wing and rotary wing aircraft segments.

Global Analysis

North America dominates the Aircraft Actuators Market Regional Analysis with the highest share due to strong presence of major aircraft OEMs and tier players in the region. The US and Canada are home to aircraft majors like Boeing, Lockheed Martin, Bombardier and tier players who design and develop critical aircraft components including actuators. Asia Pacific region is expected to witness the highest growth during the forecast period due to rising aircraft fleet, increasing defense budget and emerging MRO industry in China and India. Countries like China, Japan and South Korea are actively pursuing indigenization of aircraft components previously imported from Western companies. Europe holds significant share of the market supported by leading commercial and defense aircraft manufacturers Airbus, Dassault, Leonardo and helicopter majors.

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