Forecast Period | 2024-2028 |
Market Size (2022) | USD 18.02 Billion |
CAGR (2023-2028) | 8.26% |
Fastest Growing Segment | Wide Body Aircraft |
Largest Market | Americas |
The global aviation actuator system market is predicted to grow in coming years due to the rising demand for aircraft and technological advancement.
Aviation Actuator System Market
Aviation actuator systems are an essential component of modern aircraft, providing the necessary power and control for various systems, including flight control surfaces, landing gear, and engine controls. These systems are critical to the safe and efficient operation of aircraft, making them a key focus of the aviation industry. The global Aviation Actuator System Market is projected to grow significantly in the coming years, driven by increasing demand for air travel and advancements in technology.
The aviation industry is constantly evolving, and this includes advancements in aircraft actuator systems. These systems are crucial for controlling various components of an aircraft, including flight control surfaces, landing gear, and engine controls. As aircraft operate in harsh environments, it is essential that these systems can withstand strong vibrations, cold, and heat. To ensure that aircraft actuator systems are efficient, streamlined, and cost-effective, various manufacturers globally are working together. These manufacturers are continuously exploring new technologies and materials to improve the performance and reliability of aircraft actuator systems. Over the past few years, the source control signals and power for actuators onboard aircraft have evolved significantly. Initially, manual sources such as cables and rods were used to control the aircraft's components. However, as technology advanced, actuation technology gradually shifted to hydraulically- and electrically driven solutions.
Hydraulic actuators use fluids to transmit power and control the aircraft's components. These systems are reliable and can generate high forces, making them suitable for larger aircraft. However, they can be heavy and require regular maintenance. Electric actuators, on the other hand, use electric motors to generate power and control the aircraft's components. These systems are lightweight and require less maintenance than hydraulic actuators. Additionally, they can be more precise and efficient, leading to improved performance and fuel efficiency. Advancement in technology have also led to the development of new materials, such as composites, which can improve the performance and reliability of aircraft actuator systems. These materials are lightweight, strong, and resistant to corrosion, making them ideal for use in harsh environments.
Aviation Actuator System Market Drivers
The aviation industry is divided into narrow body aircraft, wide body aircraft, and others. These segments have experienced significant growth in recent years, but the COVID-19 pandemic has a negative impact on the industry's revenue growth. Despite this, aviation companies are working to make the industry safer and more reliable. Boeing's Commercial Market Outlook (CMO) for 2020-2039 indicates that the global market is recovering rapidly due to a surge in the demand for domestic air travel. As health and travel restrictions ease, intra-regional markets are expected to open with full capacity. This will be followed by a return to pre-pandemic levels for long-haul travel by 2023-2024. Furthermore, the Aviation Actuator System Market states that market fundamentals and resilience will drive the demand for more than 43,500 airplanes by 2040. This includes both passenger and cargo aircraft. The increase in the demand for aircraft will fuel the need for aircraft components, including aircraft actuators. Aircraft actuators are essential components of modern aircraft, providing the necessary power and control for various systems, including flight control surfaces, landing gear, and engine controls. As the demand for aircraft increases, the demand for aircraft actuators will also increase. Additionally, advancements in technology, such as the development of electric actuators and the increasing use of composite materials, are expected to drive the growth of the global aircraft actuator market. These advancements will result in lighter, more efficient, and more reliable aircraft actuators, leading to improved performance and safety of aircraft.
The aviation industry uses mechanical or electrical components, and there are strict rules and regulations that must be followed to ensure safety. These regulations are called airworthiness directives (AD) and are related to safety, leakage, and design concerns. The Federal Aviation Administration (FAA) regulates these guidelines and certifications, which are mandatory for original equipment manufacturers (OEMs) to follow. Aircraft landing gear manufacturers must comply with all requirements and follow the lengthy and time-consuming process of achieving certification to ensure their products meet aviation standards. This process can delay product launches and affect the overall revenues in the global aircraft actuator market. This lengthy certification process is a significant constraint for the growth of the global aircraft actuator market. It makes it difficult for manufacturers to bring new products to the market quickly, which can cause them to miss out on potential revenue opportunities. Additionally, the certification process can be costly, which can increase the overall cost of the product.
Aviation Actuator System Market Trends
The Internet of Things (IoT) is a term used to describe how physical objects can be connected through devices such as sensors and actuators, which allows them to share information within a network. In aviation, IoT technology can be used to improve efficiency and automation in various aircraft operations. By connecting different types of actuators together in a network, they can communicate with each other and perform tasks that are not possible for individual actuators. The next generation of aircraft will be IoT-enabled, which means that big data analytics will play a major role in aircraft design, manufacturing, and maintenance. Pratt & Whitney, a company that makes aircraft engines, has already started using IoT technology to improve engine efficiency. However, IoT can also be used in electric devices such as actuators to allow them to communicate and work together more easily. IoT presents an opportunity to enhance automation in flight control and landing gear systems in aviation. As a result, the demand for actuators is expected to increase as they are used more in IoT applications for these systems. Moreover, IoT technology has the potential to make aircraft operations more efficient and automated, and actuator manufacturers will benefit from this trend.
Industry Overview & Recent Development
- In July 2022, Parker
Aerospace, a company that makes parts for airplanes, teamed up with aviation
aircraft to make better electric planes. They are working on a new plane called
Alice, which is the first of its kind to be all-electric. Parker Aerospace is
making six different parts for the plane, including things called
electromechanical actuators, electronic control units, and position sensors.
These parts help control different parts of the plane, such as the flaps on the
wings. To make the system more efficient and lighter, Parker Aerospace is using
a special technology called eSync. This technology lets one computer control
many different parts of the plane at the same time, which saves space and
weight. Overall, this partnership is helping to make electric planes better and
more efficient.
- In March 2022, Parker
Aerospace announced that it was chosen by Sikorsky-Boeing to provide some
important parts for a new helicopter called the DEFIANT X. This helicopter is
part of a program by the United States military called the Future Long-Range
Assault Aircraft (FLRAA). Parker Aerospace is making several different parts
for the helicopter, including hydraulic tail actuation system, main rotor servo
actuators, flight control modules, auxiliary pumps, and main hydraulic pumps.
These parts are important for controlling different parts of the helicopter, such
as the tail and the rotors. By making these parts lighter, Parker Aerospace is
helping to reduce the overall weight of the helicopter. This means that the
helicopter will use less fuel, which is good for the environment and can save
money for the airlines that use the helicopter. Overall, this partnership is
helping to make better and more efficient helicopters for the military.
- Liebherr
Aerospace is a company that makes different types of actuators for airplanes.
They make mechanical actuators for Airbus 320, Airbus A330, and Airbus A350
planes, hydraulic actuators for Airbus A400M planes, and electromechanical
actuators for Boeing B777 planes. As new airplanes are being developed and
announced, there are opportunities for companies such as Liebherr Aerospace to
win new contracts to supply parts to the airplane manufacturers. These airplane
manufacturers are called original equipment manufacturers (OEMs). This means
that Liebherr Aerospace has a chance to make parts for new airplanes and grow
their business.
Market Segmentation
The Aviation Actuator System Market is
Company Profiles
GE Aviation, United Technologies Corporation, Honeywell International Inc, Parker Hannifin Corporation, EATON, Electromech Technologies, Curtiss-Wright Corporation, Moog Inc, Saab AB , and Woodward Inc. are the key players developing advanced technologies to stay competitive in the market and enhancing their product portfolio in the regions to increase their customer outreach.
Attribute
|
Details
|
Base Year
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2022
|
Historical Years
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2018 – 2022
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Estimated Year
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2023
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Forecast Period
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2024 – 2028
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Quantitative Units
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Value in USD Million, and CAGR for 2018-2022 and 2023-2028
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Report Coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
|
Segments Covered
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By Product
By Aircraft Type
By Application
By End User
By Region
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Region Wise Scope
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Asia Pacific, Americas, Europe& CIS, and Rest of the World.
|
Country Wise Scope
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China, India, Japan, South Korea,
Australia, United States, Canada, Mexico, Brazil, Russia, Germany, France,
United Kingdom, Italy, and Spain.
|
Key Companies Profiled
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GE Aviation, United Technologies Corporation, Honeywell
International Inc, Parker Hannifin Corporation, EATON, Electromech
Technologies, Curtiss-Wright Corporation, Moog Inc, Saab AB, and Woodward
Inc.
|
Customization Scope
|
10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
|
Pricing and Purchase Options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
Delivery Format
|
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/pdf format on special request)
|