Aerospace Actuators Market to Grow 6.94% CAGR through to 2029

Increased Demand for Air Travel and Aircraft Production, Advancements in Technology and Electrification are factors driving the Global Aerospace Actuators market in the forecast period.

According to TechSci Research report, “Global Aerospace Actuators Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029”, Global Aerospace Actuators Market was valued at USD 7.9 billion in 2023 and is anticipated to reach USD 11.8 Billion by 2029, growing with a CAGR of 6.94% through 2029. The aerospace actuators market has been expanding due to rising demand for advanced, efficient systems in both commercial and military aviation. Actuators play a vital role in controlling critical aircraft systems, such as flight controls, landing gear, and brakes. With manufacturers striving for enhanced fuel efficiency, improved safety, and cost reductions, the need for high-performing actuators has increased. Technological advancements, particularly in electric and fly-by-wire actuators, which offer better precision, reduced weight, and increased energy efficiency, have fueled the market's growth. The evolution toward next-generation aircraft with more sophisticated actuation systems is a major contributor to this demand.

The focus on sustainability within the aerospace sector has further driven market growth. Aircraft manufacturers are now prioritizing environmentally friendly designs, which boosts the demand for lightweight and energy-efficient actuators. Electric actuators have become particularly popular because of their ability to cut fuel consumption while ensuring greater dependability. As the market shifts toward autonomous and electric aircraft, the demand for innovative actuators that can meet these new technological demands is rising. Additionally, the growth of defense budgets and military aircraft expansion has provided a boost to the sector, pushing the demand for actuators in this domain.

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The aerospace actuators market is segmented into two main sales channels: OEM (Original Equipment Manufacturer) and aftermarket. In the OEM segment, actuators are supplied as part of the manufacturing process for new aircraft. This channel focuses on providing actuators integrated into aircraft during their assembly, ensuring that the components meet specific design requirements and performance standards. The OEM segment plays a crucial role in the introduction of new technologies, such as electric actuators or advanced fly-by-wire systems, as manufacturers seek to incorporate the latest innovations into their aircraft designs. The OEM sales channel typically involves long-term contracts between aircraft manufacturers and actuator suppliers, ensuring consistent demand for high-quality, reliable components during the production of both commercial and military aircraft.

In the aftermarket segment, actuators are provided as replacement parts or for retrofitting purposes in existing aircraft. This channel supports maintenance, repair, and overhaul (MRO) services, ensuring that aging aircraft continue to operate safely and efficiently throughout their lifecycles. Aftermarket sales are driven by the need for actuator replacements due to wear and tear, as well as the integration of newer, more efficient technologies into older aircraft models. This segment requires suppliers to provide timely and cost-effective solutions to meet the diverse needs of airlines, defense operators, and MRO providers. As older aircraft fleets remain in service for extended periods, the aftermarket channel plays a significant role in sustaining actuator demand, ensuring that operators can maintain aircraft performance while adhering to safety and regulatory standards. Both the OEM and aftermarket channels are essential to the overall growth of the aerospace actuators market.

In 2023, the Asia-Pacific region emerged as the fastest growing market for aerospace actuators, driven by rapid industrialization and an expanding aviation sector. The increase in air traffic, both passenger and cargo, across countries like China, India, and Japan, has led to a rising demand for new aircraft, spurring the need for advanced actuators. The growth of the region's commercial aviation market has been complemented by a significant expansion in the military aerospace sector, with several nations modernizing their fleets and investing in advanced defense technologies. This includes the development of next-generation aircraft, which requires more sophisticated and efficient actuator systems. The Asia-Pacific region is also witnessing a surge in aircraft production, with numerous aircraft manufacturers setting up or expanding their presence in this area. As aircraft designs evolve to incorporate more electric and hybrid technologies, the demand for actuators that offer energy efficiency and precision control has increased. Furthermore, rising consumer demand for air travel and expanding economies in several countries contribute to the need for efficient aerospace components. The region’s aerospace ecosystem, supported by increased research and development efforts, positions it for continued growth, with a strong emphasis on innovation and sustainability in aerospace technologies.

• Curtiss-Wright Corporation
• Parker Hannifin Corporation
• Aero Space Controls Corporation
• Moog, Inc.
• Triumph Group, Inc.
• Nook Industries Inc
• Honeywell International Inc.
• Collins Aerospace
• UTC Aerospace Systems

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“The global aerospace actuators market is at the forefront of innovation, driving the evolution of modern aviation. As pivotal components in aircraft systems, actuators play a crucial role in ensuring precise control and automation. The market's commitment to stringent regulatory compliance, coupled with relentless technological advancements, addresses challenges related to weight, size constraints, and environmental resilience. Navigating these complexities, manufacturers continually innovate, creating compact, lightweight actuators that meet or exceed stringent industry standards. The market's strategic resilience in the face of supply chain vulnerabilities underscores its commitment to reliability. In essence, the aerospace actuators market remains a cornerstone in the pursuit of safer, more efficient, and technologically advanced aerospace systems worldwide.” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Aerospace Actuators Market– Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Aircraft Type (Commercial Aircrafts, Regional Jets, Business Jets, Military Aircrafts), By Actuator Type (Primary Flight Control Actuators, Secondary Flight Actuators, Landing Gear, Thrust Reversers, Engine Control, Utilities, Seats, Weapon Release, Missiles, and Others), By Sales Channel (OEM, Aftermarket), By Region, Competition, 2019-2029”, has evaluated the future growth potential of Global Aerospace Actuators Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Aerospace Actuators Market.

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