Aircraft Actuators Market Worth $11.4 Billion USD by 2027 - Exclusive Report by MarketsandMarkets™

CHICAGO, Oct. 18, 2022 /PRNewswire/ -- Aircraft Actuators market size is projected to grow from USD 8.1 Billion in 2022 to USD 11.4 Billion by 2027, at a CAGR of 7.0% from 2022 to 2027 according to a new report by MarketsandMarkets™. Market expansion is being driven by the anticipated increase in demand for commercial aircraft as well as the growing adoption of more electric concepts.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=137846800

Browse in-depth TOC on "Aircraft Actuators Market" 
251– Tables
55 – Figures
256 – Pages

The OEM is projected to dominate market share in the system segment during the forecast period

Based on Installation Type, the Original Equipment Manufacturer (OEM) segment is projected to dominate market share during the forecast period. The market is further segmented into Original Equipment Manufacturer (OEM) and Aftermarket. The demand is affected by the rapidly rising passenger traffic and the rising number of deliveries made to satisfy the demand. It is projected that the driving factor behind fleet modernization initiatives would be the emerging regulations that aim to improve the safety features supplied by aircraft and standardize the functions delivered by certain types of aircraft.

Flight Control System is expected to account for the largest share in 2022

Based on System, the flight control system segment is projected to lead the aircraft actuators market during the forecast period. Fly-by-wire systems are being implemented into aircraft platforms, replacing the physical links between the pilot controls and flight control surfaces with an electronic interface, and are expected to take over the market. Since landing and braking systems contribute to both the safety of aircraft and the passengers and crew that are on board, they are crucial to maintaining the fleets airworthiness and will account for the second greatest segment throughout the forecast period.

The Hydraulics segment is projected to dominate market share in the system segment during the forecast period

Based on system, the hydraulic segment is projected to dominate market share during the forecast period. The market is further segmented into hydraulic, electric hybrid, mechanical, pneumatic and full electric. Due to inherent benefits such variable speed, high power output, stall situation, and overload protection, which are driving market development, there is a strong demand. They are hence appropriate for high-force applications, such as landing gear. OEMs are aiming to use hybrid actuators in the upcoming aircraft generation, nevertheless, as a step before adopting electric actuators over new upcoming aircraft projects.

The Commercial Aviation segment projected to lead Aircraft Actuators market during the forecast period

Based on Platform, the commercial aviation segment is projected to lead the aircraft actuators market during the forecast period. The growing fleet of aircraft, the markets preference for fuel-efficient aircraft, and a growth in airline passengers all contribute to the demand for commercial aircraft.

The Rotary segment projected to lead Aircraft Actuators market during the forecast period

Based on Type, the rotary segment is projected to lead the aircraft actuators market during the forecast period. Rotary actuators are especially effective in automation applications like gates and valves due to their inherent capabilities. For instance, their excellent effectiveness, which varies from 85% to 92% in single rack models and from 92% to 97% in double rack models, is what drives the desire for their incorporation into modern aircraft systems.

Fixed-wing Aircraft is expected to account for the largest share in 2022

Based on Aircraft Type, the fixed-wing aircraft segment is projected to lead the aircraft actuators market during the forecast period. Because of the rapidly expanding worldwide passenger traffic, which is predicted to boost demand for fix-wing aircraft in the commercial and general aviation sectors, there is a simultaneous need for aircraft actuators for integration with the different systems aboard of the aircraft.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=137846800

North America is expected to account for the largest share in 2022

The aircraft actuators market industry has been studied for North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America accounted for the largest market share in 2022, and Latin America is projected to witness the highest CAGR during the forecast period. It is anticipated that demand for commercial and general aviation would rise as the regions need for air travel rises. In addition, the top OEMs have expanded their R&D expenditures to produce higher performance electric actuators to meet escalating demand in the aviation sector.

Major players operating in the Aircraft Actuators market include Raytheon Technologies Corporation (US), Curtiss-Wright Corporation (US), Honeywell International Inc. (US), Safran SA (France), Liebherr Group (Germany), Moog Inc. (US), and Eaton Corporation plc (Ireland) are some of the market players.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=137846800 

Browse Adjacent Market: Aerospace and Defence Market Research Reports &Consulting

Related Reports:

Aircraft Electrification Market by Technology (More Electric, Hybrid Electric, Fully Electric), Component, Application, System, Platform (Commercial, Military, Business & General Aviation, UAV, AAM) and Region - Forecast to 2030

Electric Aircraft Market by Platform (Regional Transport Aircraft, Business Jets, Light & Ultralight Aircraft), Type, System (Batteries, Electric Motors, Aerostructures, Avionics, Software), Technology, Application, and Region - Forecast to 2030

Aircraft Wire and Cable Market by Type (Wire, Harness, Cable), Application (Power Transfer, Data Transfer, Flight Control System, Avionics, Lighting), Aircraft Type, Conductor Material, Insulation Type, End User and Region - Forecast to 2026

Actuators Market by Actuation (Electrical, Pneumatic, Hydraulic), Type (Linear, Rotary), Application (Industrial Automation, Robotics, Vehicles & Equipment), Vertical (Automotive, Electronics, Healthcare), and Region - Global Forecast to 2027

Aircraft Electrical Systems Market by System (Power Generation, Conversion, Distribution, Energy Storage), Component, Technology, Platform (Commercial Aviation, Military Aviation, Business & General Aviation), End-User, Application & Region - Global Forecast to 2030

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/aviation-actuator-system-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/aviation-actuator-system.asp

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg