Global Commercial Aircraft Actuation Systems
Market Report
2024
The Commercial Aircraft Actuation Systems Market size was USD 665.2 Million in 2023 and will expand at a compound annual growth rate (CAGR) of 5.80% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
PDF Access: Password protected PDF file, Excel File Access: Quantitative data, PPT Report Access: For the presentation purpose, Cloud Access: Secure Company Account Access.
Share your contact details to receive free updated sample copy/pages of the recently published edition of Commercial Aircraft Actuation Systems Market Report 2024.
According to Cognitive Market Research, the global Commercial Aircraft Actuation Systems market size will be USD 665.2 million in 2023. It will expand at a compound annual growth rate (CAGR) of 5.80% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Commercial Aircraft Actuation Systems Market Sales Revenue 2023 | $ 665.2 Million |
Global Commercial Aircraft Actuation Systems Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.8% |
Asia Pacific Commercial Aircraft Actuation Systems Sales Revenue 2023 | $ 153 Million |
Asia Pacific Commercial Aircraft Actuation Systems Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.8% |
North America Commercial Aircraft Actuation Systems Sales Revenue 2023 | $ 266.08 Million |
North America Commercial Aircraft Actuation Systems Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4% |
South America Commercial Aircraft Actuation Systems Sales Revenue 2023 | $ 33.26 |
South America Commercial Aircraft Actuation Systems Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.2% |
Europe Commercial Aircraft Actuation Systems Sales Revenue 2023 | $ 199.56 Million |
Europe Commercial Aircraft Actuation Systems Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.3% |
Middle East and Africa Commercial Aircraft Actuation Systems Market Sales Revenue 2023 | $ 13.3 Million |
Middle East and Africa Commercial Aircraft Actuation Systems Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.5% |
Market Split by Type |
|
Market Split by Actuator Type |
|
List of Competitors |
|
Regional Analysis |
|
Country Analysis |
|
Key Qualitative Information Covered |
|
Report scope is customizable as we have a huge database of Commercial Aircraft Actuation Systems industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Commercial Aircraft Actuation Systems Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Commercial aircraft actuation systems are crucial components that control the movement of aircraft surfaces, such as wings and flaps. These electromechanical systems translate pilot inputs into physical movements, ensuring precise and responsive control during flight. The growing demand for air travel, rising focus on fuel efficiency, advances in technologies & materials, development and introduction of new aircraft models, reduction in maintenance costs, the rise of low-cost carriers, modernization in military aircraft, and strict regulations by aviation industry are the major factors influencing the growth of the commercial aircraft actuation systems market.
For instance, In January 2020, Honeywell International Inc. announced the development of its new electromechanical actuators specifically designed for urban air mobility (UAM).
The increasing demand from emerging regions is influencing market growth. As these regions experience economic growth, there is growth in air travel demand, leading to higher aircraft production and fleet expansion. Actuation systems are critical in controlling various aircraft functions, ensuring safety and efficiency. Airlines in emerging markets are investing in modernizing their fleets with technologically advanced systems to meet stringent safety regulations and enhance overall operational performance. This trend is propelling the demand for commercial aircraft actuation systems, creating opportunities for manufacturers to cater to the evolving needs of these burgeoning aviation markets.
For instance, in September 2019, according to the Commercial Aircraft Corporation of China, the Chinese market was projected to have a major demand for commercial aircraft in the next 20 years.
The increase in commercial aviation has significantly impacted the Commercial Aircraft Actuation Systems market. Increasing global travel demands, expanding airline fleets, and emerging low-cost carriers have fueled the need for advanced and efficient actuation systems. These systems control various aircraft functions, ensuring safety, reliability, and performance. As airlines strive to enhance fuel efficiency, reduce maintenance costs, and improve overall operational efficiency, the demand for innovative actuation solutions has surged. This trend will likely continue as the commercial aviation sector expands, creating opportunities for the Commercial Aircraft Actuation Systems market to thrive.
According to Boeing's Commercial Market Outlook 2020-2039, 2021 reflects that the global market is getting back. The growth in demand for air travel is responsible for the airline industry's growth amid the pandemic.
Source-www.boeing.com/commercial/market/commercial-market-outlook/index.page
The strict regulations and requirements of certification can hinder the market’s growth. Compliance with rigorous aviation standards necessitates extensive testing and validation processes, contributing to prolonged development timelines and increased costs. Meeting these requirements demands meticulous adherence to design, manufacturing, and testing protocols, posing challenges for market participants regarding time, resources, and financial investments. This regulatory landscape acts as a deterrent for potential market entrants and intensifies competition among existing players striving to meet the stringent certification criteria.
The COVID-19 pandemic affected the Commercial Aircraft Actuation Systems market significantly. The global aviation industry experienced a sharp decline in demand for new aircraft, leading to a slowdown in the manufacturing and sales of actuation systems. Travel restrictions, grounded fleets, and financial uncertainties among airlines resulted in deferred or canceled orders. Suppliers and manufacturers faced disruptions in the supply chain, impacting production schedules. However, as the industry gradually recovers with easing travel restrictions and increasing passenger confidence, the Commercial Aircraft Actuation Systems market is expected to rebound, albeit with ongoing challenges related to changing market dynamics and the need for adaptability in a post-pandemic aviation landscape.
We have various report editions of Commercial Aircraft Actuation Systems Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.
The major players focus on product innovation, strategic collaborations, and mergers to enhance their market presence and meet the demands of the aviation industry.
Source-www.safran-group.com/pressroom/safran-unveils-electric-nose-landing-gear-actuator-2022-07-20
Top Companies Market Share in Commercial Aircraft Actuation Systems Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
Global Commercial Aircraft Actuation Systems Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Commercial Aircraft Actuation Systems Industry growth. Commercial Aircraft Actuation Systems market has been segmented with the help of its Type, Actuator Type , and others. Commercial Aircraft Actuation Systems market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, linear held the major market share over the forecast period. These systems involve straight-line motion and are commonly employed in various aircraft components, such as landing gear, thrust reversers, and flaps. These systems provide precise control and stability during critical phases of flight.
Rotary is the fastest-growing category over the forecast period. They facilitate rotational motion and are essential for controlling aircraft surfaces like ailerons and rudders. They play a crucial role in ensuring the maneuverability and directional control of the aircraft.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Commercial Aircraft Actuation Systems Industry. Request a Free Sample PDF!
According to Cognitive Market Research, the hydraulic holds a prominent market share. These systems utilize fluid power to control various aircraft functions, offering high power density and reliability. These systems are crucial for critical operations like landing gear deployment and flight control surfaces.
Pneumatic is the fastest-growing category over the forecast period. These systems rely on air pressure to drive mechanical movements, often in secondary or less critical functions. Pneumatic systems may be preferred for simpler tasks.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Commercial Aircraft Actuation Systems market report 2024 Edition by contacting our team.
According to Cognitive Market Research, North America dominated the market in 2023. It accounted for around 40% of the global revenue, owing to the presence of major aircraft manufacturers and technological advancements. The region's demand for modernized and fuel-efficient aircraft has led to a steady growth in the actuation systems market. The United States, in particular, is a key contributor, with established aerospace companies continuously investing in research and development. The region benefits from a well-developed infrastructure, skilled workforce, and robust regulatory framework. Ongoing collaborations between industry players and government initiatives further bolster the market. As a result, North America remains a crucial player in the global commercial aircraft actuation systems market, influencing its growth and innovation.
Europe is the fastest-growing category due to the region's prominent aerospace industry and technological advancements. The European market benefits from a strong demand for fuel-efficient and lightweight aircraft, emphasizing the adoption of innovative actuation technologies. Stringent safety and regulatory standards further drive the market, with Europe focusing on enhancing aircraft performance and reducing environmental impact. The collaborative efforts of industry stakeholders and government initiatives to support aviation advancements contribute to the sustained growth of Europe's Commercial Aircraft Actuation Systems market.
The current report Scope analyzes Commercial Aircraft Actuation Systems Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
According to Cognitive Market Research, the global Commercial Aircraft Actuation Systems market size was estimated at USD 665.2 Million, out of which Asia Pacific held the market of more than 23% of the global revenue with market size of USD 153.00 million in 2023 and will grow at a compound annual growth rate (CAGR) of 7.8% from 2023 to 2030 due to the escalating air travel demand, modernization of existing fleets, and a surge in the aviation industry. Advancements in technology, such as electric actuation systems, contribute to market growth. The region's expanding economy and rising disposable incomes also propel the demand for new aircraft. Additionally, stringent safety regulations and a focus on fuel efficiency enhance commercial aviation adoption of innovative actuation systems. The segment encompasses components such as electric, hydraulic, and mechanical actuators, supporting critical functions like landing gear deployment and flight control surfaces.
According to Cognitive Market Research, the global Commercial Aircraft Actuation Systems market size was estimated at USD 665.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 266.08 million in 2023 and will grow at a compound annual growth rate (CAGR) of 4.0% from 2023 to 2030 due to the increasing air travel demand, technological advancements, and a focus on fuel efficiency. The growing emphasis on lightweight and durable components, coupled with the rising integration of electronic systems, is fueling market growth. Additionally, stringent safety regulations and the need for enhanced aircraft performance contribute to the demand for advanced actuation systems in the region's aviation industry. Key segments like hydraulic and electric actuation systems are experiencing significant adoption. Advancements in materials and design are enhancing system efficiency and reliability.
According to Cognitive Market Research, the global Commercial Aircraft Actuation Systems market size was estimated at USD 665.2 Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD 33.26 million in 2023 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2023 to 2030 due to the region's rising air travel demand, technological advancements, and increasing focus on fuel efficiency. The region's growing aviation industry and regulatory initiatives fuel the demand for advanced actuation systems. Manufacturers emphasizing lightweight materials and streamlined designs contribute to improved aircraft performance. This market expansion is further propelled by the need for enhanced safety and reliability in commercial aviation operations, fostering a robust growth trajectory in Latin America. The segment encompasses various components, such as hydraulic, electric, and pneumatic actuation systems, which are crucial for controlling aircraft movements. Increasing fleet modernization efforts and focusing on fuel efficiency and safety are driving market expansion.
According to Cognitive Market Research, with a market value of USD 665.2 million in 2023 and projected to expand at a compound annual growth rate (CAGR) of 4.3% from 2023 to 2030, Europe accounted for a share of over 30% of the global market size of USD 199.56 million due to the increasing air travel demand, technological advancements, and stringent safety regulations. Growing emphasis on fuel efficiency and the need for lightweight components also contribute to market growth. Advancements in fly-by-wire technology, integration of electronic control systems, and demand for reliable and efficient actuation systems are key drivers shaping the European commercial aircraft actuation systems market. Key segments, including electromechanical and hydraulic systems, contribute significantly to this expansion. Innovations in actuation technologies enhance overall aircraft performance, safety, and reliability.
According to Cognitive Market Research, the global Commercial Aircraft Actuation Systems market size was estimated at USD 665.2 Million, out of which the Middle East and Africa held the major market of more than 2% of the global revenue with a market size of USD 13.30 million in 2023 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2023 to 2030 due to increasing air travel demand, fleet expansion, and technological advancements. Key drivers include a rising focus on fuel efficiency, heightened safety regulations, and a surge in regional aviation infrastructure projects. As the aviation industry evolves, the demand for innovative and reliable actuation systems is expected to grow, creating opportunities for market expansion in the Middle East & Africa region. Key segments include electromechanical and electro-hydraulic actuation systems, which are essential for controlling aircraft movements. Technological advancements and increasing fleet modernization initiatives contribute to market expansion.
Senior Research Analyst at Cognitive Market Research
ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
Author say's
Table of Content differs accordign to the user License selction. Current Displayed TOC is for the Corporate User License Report Edition. TOC Customization options: Add or Remove section's Or chapter's from the report. Specific section's of report can be ordered at a discounted price. If applicable; On Request Volume Data will also be provided (at an Additional Cost).
Type | Linear, Rotary |
Actuator Type | Hydraulic, Pneumatic, Electromechanical, Others |
List of Competitors | Moog Inc., Parker Hannifin Corporation, Eaton Corporation PLE, Raytheon Technologies Corporation, Boeing Company, Lockheed Martin Corporation, Northrop Grumman Corporation, Rockwell Collins, Woodward Inc. |
This chapter will help you gain GLOBAL Market Analysis of Commercial Aircraft Actuation Systems. Further deep in this chapter, you will be able to review Global Commercial Aircraft Actuation Systems Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Chapter 2 North America Market Analysis
Executive Summary North America Market (2019 vs 2024 vs 2031)
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Commercial Aircraft Actuation Systems Market Trends North America Commercial Aircraft Actuation Systems Technological Road Map North America Commercial Aircraft Actuation Systems Market Drivers North America Commercial Aircraft Actuation Systems Market Restraints North America Commercial Aircraft Actuation Systems Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia-Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Actuator Type Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Commercial Aircraft Actuation Systems market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Linear have a significant impact on Commercial Aircraft Actuation Systems market? |
What are the key factors affecting the Linear and Rotary of Commercial Aircraft Actuation Systems Market? |
What is the CAGR/Growth Rate of Hydraulic during the forecast period? |
By type, which segment accounted for largest share of the global Commercial Aircraft Actuation Systems Market? |
Which region is expected to dominate the global Commercial Aircraft Actuation Systems Market within the forecast period? |
Segmentation Level Customization |
|
Global level Data Customization |
|
Region level Data Customization |
|
Country level Data Customization |
|
Company Level |
|
Additional Data Analysis |
|
Additional Qualitative Data |
|
Additional Quantitative Data |
|
Service Level Customization |
|
Report Format Alteration |
|
Published Report Editions
are Just a Tip of an Iceberg
Access the Complete Database of
Commercial Aircraft Actuation Systems Market
Request Sample