Global Aviation Actuator Market Research Report: Forecast (2022-2027)

Market Definition

Actuators are devices that convert electric signals to pressure, temperature, or mechanical movements and thus play a crucial role in control systems. In the aviation industry, they are used extensively for operating cargo bay doors, landing gear, engine components, & flight control surfaces, among others. Hence, it is crucial for them to bear strong vibrations, cold, & heat, as well as edge in compact spaces and be lightweight while exhibiting high dynamic forces.

Market Insights

The Global Aviation Actuator Market is projected to grow at a CAGR of around 8.5% during the forecast period, i.e., 2022-27. Most of the market expansion would be propelled by the surging air passenger travel owing to the increasing disposable income of people and their improving living standards. With rapid urbanization, improving economies of developing countries, & increasing population, new air routes are being launched in order to strengthen global connectivity, and aircraft manufacturers are actively working on expanding their fleet size to cater to the skyrocketing air passenger traffic worldwide. Consequently, there are burgeoning aircraft deliveries globally, mainly commercial aircraft, which are driving the production & sales of actuators.

Moreover, with the emerging trend of MEA (More Electric Aircraft) to achieve enhanced aircraft efficiency, there's a paradigm shift of aircraft manufacturers from hydraulic actuators to electric actuators. The aviation industry globally is witnessing growing development & adoption of electric actuators, largely electro hydrostatic actuators, to substitute hydraulic & pneumatic actuators as they have leakage issues.

Electrical actuators are lightweight, can be easily integrated into existing aircraft architecture, and exhibit benefits like optimized aircraft performance, enhanced fuel efficiency, no leakage, reduced maintenance costs, high power density, as well as considerable energy savings. These trends project lucrative prospects for the global aviation actuator market to expand notably during 2022-27.

Market Segmentation

Based on Aircraft Type:

• Narrow Body
• Wide Body
• Very Large
• Fighter
• Transport

Of them all, narrow-body aircraft are expected to acquire a considerable share in the Global Aviation Actuator Market during 2022-27. It owes to more & more airlines adopting LCC (Low-Cost Carrier) business model and increasingly procuring narrow-body aircraft due to benefits like low operational costs and high fuel efficiency on short-haul routes.

Besides, aircraft manufacturers are rigorously conducting R&D in order to bring technological advancements into these aircraft and allow them to fly longer distances, i.e., another prominent aspect projected to surge their demand. Moreover, more & more companies are working on narrow-body aircraft deliveries. For instance:

• In December 2021, Russia's MC-21, a twin-engine narrow-body aircraft, got certified for passenger service & is due to fly in the country later this year.
• On the other hand, the COMAC C919 of China is another competitor to the western airliners and received type certification approval from CAAC (Civil Aviation Administration of China) on 30th September 2022. It features a seating capacity of up to 168 passengers and a range of around 2,200 nautical miles.

Hence, these developments by Russia & China would pose a significant challenge to the decades-old market leaders Airbus & Boeing. Consequently, as deliveries of these aircraft surface & increase, it would instigate the massive production & sales of actuators and create new directions for the Global Aviation Actuator Market to expand notably in the coming years.

Based on End-User:

• Commercial Aviation
• Defense

Here, the commercial aviation sector holds a sizeable market share, mainly due to the burgeoning production of commercial aircraft, which have more actuators than their military counterparts. The exponentially surging air passenger traffic owing to improving economic conditions & increased consumer spending power is the prime reason behind the increasing commercial aircraft deliveries globally.

In addition, with the booming tourism industry and the mounting prevalence of cargo services owing to improving trade relations worldwide, airline companies are actively working on upgrading their aircraft technologies to provide unique experiences to customers. Hence, these aspects are projected to drive the production of more & more actuators for commercial aircraft and, in turn, fuel the overall market growth in the years to come.

Regional Landscape

Geographically, the Global Aviation Actuator Market expands across:

• North America 
• South America
• Europe 
• Middle East & Africa
• Asia-Pacific

Of all countries globally, North America is expected to dominate the Aviation Actuator Market with the largest share during 2022-27. It owes to numerous leading manufacturers of aircraft actuators present in the region, coupled with their massive R&D investments in improving the efficiency & reliability of actuators while also integrating new technologies into them, especially for MEA (More Electric Aircraft), an emerging trend in the aviation industry,

The US is witnessing increasing replacements of landing gear & other related components with new & advanced products. Coupled with this are significant investments by airlines in redesigning wide-body aircraft and the growing demand for fixed-wing aircraft, thereby leading to the burgeoning production of actuators and fueling the regional market. Moreover, the fact that the region holds the position of the leading manufacturer of fighter & military transport aircraft is also likely to serve as a catalyst for the North America Aviation Actuator Market growth in the coming years.

On the other hand, Asia-Pacific is evolving as a rapidly growing Aviation Actuator Market. It ascribes mainly to the region's booming aerospace industry and rising geopolitical tensions among several countries. As a result, massive expenditure by militaries on procuring more & more fighter jets in order to strengthen their aerial defense powers is infusing the production & sales of actuators across Asia-Pacific.

Moreover, increasing aircraft deliveries for commercial aviation & military sectors is another crucial aspect driving the regional market. Several airlines are actively working on expanding their fleet size and introducing new routes to cater to the ever-increasing air passenger traffic. Hence, these aspects are set to create new directions for the Asia-Pacific Aviation Actuator Market through 2027.

Market Dynamics

Key Driver: The Mounting Demand for Electric Actuators and Rising Air Passenger Traffic

The MEA (More Electric Aircraft) technology is a key area of growth for actuator manufacturers since it holds immense potential to reduce aircraft weight, enhance fuel efficiency, minimize operational & maintenance costs, and provide optimized performance. As this trend is accelerating, there are growing requirements for electric actuators, which are more efficient, environmentally friendly, & safer than hydraulic actuators and can eliminate issues associated with conventional systems, such as high costs, leakage, heating, etc. Moreover, with improving living standards and urbanization, air traffic is on a constant rise worldwide, i.e., leading to the growing production of commercial aircraft to cater to the ever-increasing number of air passengers. These aspects are projected to drive the aircraft actuator market during 2022-27.

Growth Restraint: Stringent Rules & Regulations for Aircraft Component Usage

Aircraft manufacturers have to follow guidelines & certifications associated with safety, leakage, & design of aircraft components as regulated by FAA (Federal Aviation Administration). Due to these norms, the production of components like landing gears, flight control systems, etc., is a time-consuming process, which, in turn, delays certification and negatively impacts revenue generation. Hence, these stringent regulations would act as a major growth restraint to the Global Aircraft Actuator Market during 2022-27.

Key Questions Answered in the Market Research Report:

1. What are the overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares) of the Global Aviation Actuator Market?
2. What are the region-wise size, growth drivers, and challenges for the Global Aviation Actuator Market?
3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Aviation Actuator Market?
4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Global Aviation Actuator Market based on the competitive benchmarking matrix?
5. What are the key results derived from surveys conducted during the Global Aviation Actuator Market study?