Actuator Systems Market Size, Share, Growth, Trends, and Forecast 2030

Actuator Systems Market

Actuator Systems Market in Aviation by Type(Electric, Electromechanical, Electrohydraulic, Electrohydrostatic), by Application(Commercial Market, Military Market), and By Region: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2023-2030

Category: Automotive Report Format : PDF Report Code: ZMR-542 Status : Upcoming
Market Size in 2022 Market Forecast in 2030 CAGR (in %) Base Year
USD 15.08 billion USD 26.08 billion 7.09% 2022

Description

In 2022, the Aviation Actuator Systems Market had a valuation of approximately USD 15.08 billion, and it is anticipated to expand to about USD 26.08 billion by 2030. This growth is expected to occur at a compound annual growth rate (CAGR) of approximately 7.09%.

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Global Actuator Systems Market in Aviation: Overview

A wide range of applications is controlled by the actuators in the aviation industry. The actuators are used to limit and control the engine speed and velocity by adjusting the valves and levers. These actuators convert electrical signals into physical variables such as pressure, mechanical movement, or temperature, thus playing an important role in the control systems. In aviation, it is very important that the actuators are light in weight so as to fit into small spaces. At the same time, they should also achieve high dynamic forces. The actuators should also be capable of resisting high cycling temperatures and vibrations. The actuators having valves function safely in case of emergency by interrupting the flow of the medium. The fresh air is constantly moistened by the humidification system valve.

Global Actuator Systems Market in Aviation: Segmentation

The actuator systems market in aviation is segmented into its product type, applications, aircraft type, end-user, and regions. Based on the product type, the aviation actuator systems market is segregated into electromechanical, electro hydro static, electric, and electrohydraulic. The widely used applications of the aviation actuator systems are landing gear, auxiliary control, and flight control. Depending on the aircraft type, the actuator systems market in aviation is categorized into wide body aircraft, transport aircraft, narrow body aircraft, very large aircraft, and fighter aircraft. On the basis of the end-user, the actuators system market in aviation is divided into two areas: commercial aviation and defense. On the basis of region, the actuators system market in aviation is diversified into Asia-Pacific, Europe, North America, and Rest of the World.

Global Actuator Systems Market in Aviation: Growth Factors

The actuator system market is still in the growing phase and there is a huge scope for the market players to create more advanced actuation systems in order to reduce the cost of the aircraft. Using more of electrical systems in the aircraft reduces the weight of the aircraft, increasing the utilization of fuel. Increased economy in fuel increases the cost of aircraft which thus becomes the driving factor for the market growth. New researches and technologies are being used to upgrade the actuator systems such as the hydraulic actuators have replaced pneumatic actuators owing to the advantages, hence increasing the scope of the market. New manufacturers of aircraft in the market have increased the demand for the actuator market.

Actuator Systems Market in Aviation: Report Scope

Report Attributes Report Details
Report Name Actuator Systems Market in Aviation
Market Size in 2022 USD 15.08 billion
Market Forecast in 2030 USD 26.08 billion
Growth Rate CAGR of 7.09%
Number of Pages 210
Key Companies Covered Sitec Aerospace, Rockwell Collins, Eaton, Moog, SAAB, Woodward, Curtiss Wright, Beaver, Merrill, GE Aviation, Arkwin, Electromech Technologies, Parker Hannifin Corp, Honeywell International Inc, UTC United Technologies Corporation
Segments Covered By Type, By Applications, and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2022
Historical Year 2017 to 2021
Forecast Year 2023 - 2030
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Global Actuator Systems Market in Aviation: Regional Analysis

The region that is currently dominating the actuator systems market is North America. There are many aircraft manufacturers in this region such as Bombardier Inc. in Canada, The Boeing Company in the U.S., and much more. There is the rise in the aircraft orders by regional airlines such as Asia Pacific and the Middle East, which is driving the actuators systems market in North America. Growing use of aircraft in the defense sector is also driving the actuators systems market.

Global Actuator Systems Market in Aviation: Competitive Players

Some of the key market players operating in the actuator systems market in aviation include

  • Sitec Aerospace
  • Rockwell Collins
  • Eaton
  • Moog
  • SAAB
  • Woodward
  • Curtiss Wright
  • Beaver
  • Merrill
  • GE Aviation
  • Arkwin
  • Electromech Technologies
  • Parker Hannifin Corp
  • Honeywell International Inc
  • UTC United Technologies Corporation

Aviation Actuator Systems Market by Type

  • Electric
  • Electromechanical
  • Electrohydraulic
  • Electrohydrostatic

Aviation Actuator Systems Market by Application

  • Commercial Market
  • Military Market

Global Actuator Systems Market in Aviation: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Report Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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