The Global Aircraft Actuator Market is estimated to reach USD 29.8 Billion by 2027 at a CAGR of 8.5%.
Aircraft actuators are mainly used to control the motion for aircraft systems such as landing gear systems, flaps, thrust reversers, and horizontal stabilizers. Actuators help to convert the electrical energy into physical-mechanical movements such as temperature and pressure control systems. Moreover, actuators used to control and limit velocity and engine speed by adjusting levers and valves. Hydraulic, mechanical, electric, and pneumatic actuators systems are mainly used in aircraft systems.
Market Drivers:
3D printing technology is being used in the aerospace & defense sector to increase the ability for creating parts that are stronger and lighter than traditional manufacturing techniques. 3D printing is implemented in the following stages in aerospace: design communication, validation stage, pre-production, production, and customization. The tool-less and cost-effective production of lightweight components helps to reduce fuel consumption, CO2 emission, and material cost owing to which has increased the demand for 3D printing in the aerospace industry.
Thus, increasing the adoption of 3D printing technology to manufacture aircraft actuator is expected to drive the market during the forecast period.
Market Restraints:
Rapid technological changes and changing consumer buying behavior are expected to restrain the market growth during the forecast period. In the past ten years, the technology which is used in the aerospace and defense industry has been changed more rapidly to cut down the production cost, increase flexibility, and rapid mass customization & production among others. Recent advancements in electric actuators for providing more robust and efficient designs will decrease the demand for hydraulic and pneumatic actuators during the forecast period.
Such factors coupled with rapid technological changes are expected to hinder the aircraft actuators market, during the forecast period.
The report on the aircraft actuator market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features |
Specifics |
Historical/Estimated/Forecasted Market Size Years |
2018-2027 |
Base Year for Market Calculation |
2019 |
Forecasted Period |
2020-2027 (2020 estimated year, forecasted up to 2027) |
Measured Units |
Value (USD Billion) |
Segments Included |
System, Type, Application, End User, and Region |
Regional Coverage |
North America, Asia-Pacific, Europe, Middle East and Africa, South America |
For the scope of report, In-depth segmentation is offered by Forencis Research
Aircraft Actuator Market, by System
Aircraft Actuator Market, by Type
Aircraft Actuator Market, by Application
Aircraft Actuator Market, by End User
Aircraft Actuator Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE AIRCRAFT ACTUATOR MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain