Aircraft Actuators Market Update 2024 : Projected to Exhibit USD 24.1 Billion Revenue by 2031, Claims AMR

Rise in the adoption of electric actuators, remarkable surge in air travel activities & air traffic across to drive the global aircraft actuators market growth.

WILMINGTON, DE, UNITED STATES, November 18, 2024 /EINPresswire.com/ -- Allied Market Research published a report titled, "Aircraft Actuators Market by Application (Commercial Aviation, Military Aviation, Business and General Aviation, Unmanned), by Wing Type (Fixed Wing, Rotary Wing), by Type (Linear, Rotary), by End Use (OEM, Aftermarket): Global Opportunity Analysis and Industry Forecast, 2021-2031." As per the report, the global aircraft actuators industry was estimated at $14.5 billion in 2021, and is set to reach $24.1 billion by 2031, growing at a CAGR of 5.4% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscapes, and competitive scenarios.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 (346 𝐏𝐚𝐠𝐞𝐬 𝐏𝐃𝐅 𝐰𝐢𝐭𝐡 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐂𝐡𝐚𝐫𝐭𝐬, 𝐓𝐚𝐛𝐥𝐞𝐬, 𝐅𝐢𝐠𝐮𝐫𝐞𝐬) 𝐚𝐭 https://www.alliedmarketresearch.com/request-sample/2464

Drivers, Restraints and Opportunities

Surge in operations in commercial aviation, increase in the demand for fuel efficiency, rise in the adoption of electric actuators, remarkable surge in air travel activities & air traffic across the globe are expected to drive the growth of the global aircraft actuators market. In addition, increase in military expenditure, and persistent technological advancements in aircrafts in both developing and developed economies are expected to create ample opportunities for the growth of the global aircraft actuator market.

The commercial aviation segment to lead the trail

Based on application, the commercial aviation segment held the largest market share in 2021, holding more than one-third of the global aircraft actuators market share, and is expected to retain its dominant status during the forecast period. In addition, the same region is expected to cite the fastest CAGR of 6.4% during the forecast period. The growth of this segment is mainly due to surge in use of actuator in power generation & transmission systems of commercial aircraft. The report also analyses other segments of the market such as Military Aviation, Business and General Aviation, and Unmanned.

The OEM segment to cite the fastest CAGR

Based on end-use, the OEM segment held the largest market share in 2021, holding more than four-fifths of the global aircraft actuators market share, and is expected to retain its dominant status during the forecast period. In addition, the same segment is expected to cite the fastest CAGR of 5.7% during the forecast period. The growth of this segment is mainly due to increase in aircraft orders from aircraft manufacturers because of rise in air traffic. The report also analyses other segments of the market such as the aftermarket segment.

The Fixed Wing segment to lead the trail

Based on wing type, the fixed wing segment held the dominating market share in 2021, holding nearly two-thirds of the global aircraft actuators market share, and is expected to retain its dominant status during the forecast period. In addition, same segment is expected to cite the fastest CAGR of 5.8% during the forecast period. Fixed wing aviation is the largest and fastest growing segment owing to rise in use of fixed wing aircraft in the military sector. The report also analyses other segments of the market such as the rotary wing segment.

The Asia-Pacific region to hold lion's share of the global market during forecast period

Based on region, the market across Asia-Pacific region held the dominating market share in 2021, holding more than one-third of the global aircraft actuators market share, and is expected to retain its dominant status during the forecast period. In addition, the same region is expected to cite the fastest CAGR of 5.9% during the forecast period. The immaculate growth of the market in this region is primarily due to rise in demand for adoption and enhancement of aircraft performance systems and increase in demand for air travel in the region.

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐭𝐨 𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐭𝐡𝐞 𝐃𝐚𝐭𝐚 𝐰𝐢𝐭𝐡 𝐀𝐜𝐭𝐢𝐨𝐧𝐚𝐛𝐥𝐞 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐲 & 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 - https://www.alliedmarketresearch.com/purchase-enquiry/2464

Key Market Players:

AMETEK, Inc.
Astronics Corporation
Curtiss-Wright Corporation
Eaton Corporation Plc
Honeywell International Inc
ITT Inc.
Liebherr-International AG
MOOG Inc.
Nabtesco Corporation
Raytheon Technologies Corporation
Saab AB
Safran SA
itec Aerospace GmbH
Tamagawa Seiki Co., Ltd.
Woodward, Inc.

The report analyzes these key players in the global aircraft actuator market. These players have implemented key business strategies such as strategic expansion, new product launches, alliances, and joint ventures for enhancing market penetration and reinforcing their position in the industry. The report helps the target audience in determining the market performance, performance of each segment, product portfolio development in the market, and contributions made by each player to the market expansion.

𝐒𝐢𝐦𝐢𝐥𝐚𝐫 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐖𝐞 𝐇𝐚𝐯𝐞 𝐨𝐧 𝐀𝐞𝐫𝐨𝐬𝐩𝐚𝐜𝐞 𝐚𝐧𝐝 𝐃𝐞𝐟𝐞𝐧𝐬𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:
𝐀𝐢𝐫𝐛𝐨𝐫𝐧𝐞 𝐅𝐢𝐫𝐞 𝐂𝐨𝐧𝐭𝐫𝐨𝐥 𝐑𝐚𝐝𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 https://www.alliedmarketresearch.com/airborne-fire-control-radar-market
𝐀𝐢𝐫𝐛𝐨𝐫𝐧𝐞 𝐒𝐞𝐧𝐬𝐨𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 https://www.alliedmarketresearch.com/airborne-sensors-market-A16504

David Correa
Allied Market Research
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