Aircraft actuators are electromechanical devices that are used to move control surfaces such as ailerons, elevator, rudder and flaps in an aircraft. They are mainly used in flight control and other applications to precisely maneuver aircraft. These actuators provide necessary movements with accuracy and precision that are required to control aircraft effectively. The global aircraft actuator market comprises major players offering products for various aircraft types ranging from commercial aircraft, military aircraft, business jets and general aviation aircraft.

The global aircraft actuators market is estimated to be valued at US$ 10.33 Mn  in 2024 and is expected to exhibit a CAGR of 4.5%  over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:

One of the key drivers for growth of aircraft actuators market is increased aircraft production across the globe. According to the International Air Transport Association (IATA), air travel is projected to double in next 20 years, driving the need for more commercial aircrafts. Major aircraft OEMs such as Boeing and Airbus have planned for ramping up production levels to meet rising demand for new aircraft. For instance, Boeing expects commercial aircraft deliveries to grow by 4.6% annually between 2017-2036 period driven by increasing passengers worldwide. Subsequently, growing aircraft fleet size will positively influence demand for aircraft actuators during maintenance, repair and overhaul activities. The report does not discuss any key players.

SWOT Analysis

Strength: The Aircraft Actuators market is experiencing strong demand from the commercial aircraft segment. The growing passenger traffic and freight transportation is driving the demand for new commercial aircraft. This is driving the need for more advanced actuation systems with new materials and designs. Another strength is the support from government organizations for the development of new technologies in actuation systems. Thirdly, key players in the market are investing heavily in R&D to develop innovative products.

Weakness: Designing actuators for harsh aircraft environments is challenging which increases the costs. Secondly, stringent certification standards delay the time to market for new products.

Opportunity: There is scope for replacing old pneumatic and hydrostatic actuators with modern electric and electromechanical actuators. Secondly, the development of more electric aircraft provides opportunities for integrated actuators.

Threats: Economic slowdowns can significantly impact the commercial aviation industry and dampen the demand. Secondly, geopolitical issues can disrupt global supply chains of key components.

Key Takeaways
The global Aircraft Actuators Market Demand is expected to witness high growth. The global aircraft actuators market is estimated to be valued at US$ 10.33 Mn  in 2024 and is expected to exhibit a CAGR of 4.5%  over the forecast period 2024 to 2031.

Regional analysis related content comprises North America currently dominates the market due to strong presence of aircraft OEMs and tier players. Europe and Asia pacific are also major markets owing to large fleet size and new aircraft deliveries. Presence of large aircraft OEMs such as Boeing, lockheed martin along with major tier players is driving robust demand. Europe is another major regional market led by countries such as UK, Germany and France. Asia Pacific region is witnessing fastest growth led by countries like China, India and Japan. Increasing MRO activities and new aircraft deliveries are fueling the demand.

Key players operating in the Aircraft Actuators market are Cargill Aqua Nutrition, Skretting (Nutreco), Biomar, Alltech, Ridley Corporation Limited, CP Group, Charoen Pokphand Foods (CPF), Nutriad International, BioMar Group, Nutra Blend LLC, Guangdong Haid Group Co., Ltd., Tongwei Group, Avanti Feeds Limited, Nutrivet.

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