Home > Aerospace & Defense > Aircraft Parts > Aircraft Actuators Market

Aircraft Actuators Market Trends

Report ID: GMI7556
Published Date: Dec 2023
Report Format: PDF

Download Free Sample

Aircraft Actuators Market Trends

A growing trend in the aircraft industry is the integration of health monitoring systems for predictive maintenance. Advanced sensors & data analytics are incorporated into actuators to monitor their performance, detect potential issues, and schedule maintenance proactively, thereby reducing downtime and enhancing overall reliability. This trend shapes the landscape of the market, influencing its growth trajectory and market dynamics.

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

The global market size for aircraft actuators was valued at USD 50 billion in 2022 and is estimated to register a CAGR of over 6% between 2023 and 2032 driven by increasing disposable incomes, rising urbanization, and growing business travel.

The hydraulic actuators segment dominated the aircraft actuators industry with a share of over 45% in 2022 and is estimated to reach over USD 8 million by 2032, owing to their utility in aircrafts for reliability and performance.

North America market size for aircraft actuators held a revenue share of over 23% in 2022 and is predicted to witness substantial growth through 2032 driven by booming aviation sector in the region, along with a strong base of precision engineering companies that specialize in actuator manufacturing.

Rockwell Collins (now part of Raytheon Technologies), Honeywell Aerospace, Moog Inc., UTC Aerospace Systems (now part of Raytheon Technologies), Safran Group, Woodward, Inc are some of the major industry contenders.