How big is the Aircraft Actuators Market?

The Aircraft Actuators Market size is expected to reach USD 9.24 billion in 2024 and grow at a CAGR of 7.47% to reach USD 13.25 billion by 2029. Read More

What is the current Aircraft Actuators Market size?

In 2024, the Aircraft Actuators Market size is expected to reach USD 9.24 billion. Read More

Which is the fastest growing region in Aircraft Actuators Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Aircraft Actuators Market?

In 2024, the North America accounts for the largest market share in Aircraft Actuators Market. Read More

What years does this Aircraft Actuators Market cover, and what was the market size in 2023?

In 2023, the Aircraft Actuators Market size was estimated at USD 8.55 billion. The report covers the Aircraft Actuators Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Aircraft Actuators Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Aircraft Actuators Market Share

Q: Who are the key players in Aircraft Actuators Market?

Liebherr-International Deutschland GmbH, Parker Hannifin Corporation, RTX Corporation, Eaton Corporation plc and Honeywell International Inc. are the major companies operating in the Aircraft Actuators Market. Read More

Statistics for the 2023 & 2024 Aircraft Actuators market share, created by Mordor Intelligence™ Industry Reports. Aircraft Actuators share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Aircraft Actuators Industry

The market for aircraft actuators is fragmented, with many players supplying several types of actuation systems for different aircraft programs. Liebherr-International Deutschland GmbH, RTX Corporation, Parker Hannifin Corporation, Eaton Corporation PLC, and Honeywell International Inc. are prominent players in the aircraft actuators market.

Liebherr Aerospace supplies mechanical actuators for the Airbus A320, A330, and A350, hydraulic actuators for the Airbus A400M, and electromechanical actuators for the Boeing B777. With new aircraft under development and recent announcements, players could secure fresh supply contracts with these aircraft's OEMs.

March 2022: Parker Aerospace was chosen by Sikorsky-Boeing to provide a range of components, including the hydraulic tail actuation system (HTAS) and main rotor servo actuators (MRS), for the DEFIANT X model under the Future Long-Range Assault Aircraft (FLRAA) program. This move highlights the growing opportunities in the aviation industry. In addition, there is a push toward innovation, focusing on producing lightweight actuators. These advancements not only reduce the aircraft's overall weight but also lead to significant fuel savings for airlines.