Aircraft Actuators Market

Market Leader - Aircraft Actuators Market

The global aircraft actuators market size is projected to grow from USD 9.1 billion in 2020 to USD 21.0 billion by 2030, at a CAGR of 8.7% from 2020 to 2030. The market is driven by various factors, such as the growing trend towards more electric aircraft (MEA) and increasing demand for automation in flight control.

Honeywell International Inc. (US), Safran (France), Collins Aerospace (US), Moog (US), and AMETEK (US), among others, are some of the leading players operating in the aircraft actuators market. These players have adopted various organic and inorganic growth strategies to strengthen their position in the market. These include new product developments, contracts, partnerships, expansions, agreements, acquisitions, and research & development (R&D) activities further to expand their presence in the aircraft actuators market.

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Honeywell International Inc. (US) is one of the leading players in the aircraft actuators market. The main strategy of the company is to develop innovative and high-efficiency products by investing a significant amount of its revenue in R&D. The company is a leading player in the North American and European regions, having a wide product portfolio for aircraft actuators. Honeywell International Inc. is engaged in the supply of aircraft engines, integrated avionics systems solutions, and related products for aircraft manufacturers, airlines, aircraft operators, military services, and defense and space contractors. The company offers actuators and electronic systems for business jets and airlines/cargo in the commercial aviation industry. The company provides quality products and services to its customers by involving itself in the field of commercial aviation and bringing in various innovations. Its commitment to quality and consistent improvement in products make it one of the leading suppliers of actuation and electronic control systems across the globe.

Safran (France) is another leading supplier of aircraft actuators in the aviation sector. The company engages in the design, manufacturing, and sale of aircraft, defense, and communication equipment and technologies. The company’s aircraft equipment segment designs and builds mechanical, hydromechanical, and electromechanical equipment including landing gears, wheels, brakes, and associated systems; thrust reversers and nacelles; composite material parts, engine control systems, and associated equipment; ventilation systems and hydraulic filters; and wiring, electrical connections, and power systems. The company has been expanding its research, production, and development plants and units to establish a strong customer base in different regions of the world.

Collins Aerospace (US) designs and manufactures service systems, components, and integrated solutions for commercial, regional, business, and military aircraft and helicopters. The company has a wide range of offerings for commercial aviation, including power generation, management, and distribution systems; flight and engine control systems; intelligence, surveillance, and reconnaissance systems; engine components; environmental control systems; fire protection and detection systems; propeller systems; aircraft nacelles; and interior, actuation, landing, and electronic systems. The company intends to grow through technological developments; it has initiated key technologies such as electric brakes that are lighter and more compact than hydraulic systems, building a more intelligent air data system and developing composite materials that are strong and lightweight.

Related Reports:

Aircraft Actuators Market by End-Use (OEM, Aftermarket), Type (Linear, Rotary), Technology (Hydraulic, Electric, Pneumatic, Mechanical), System, Application, Wing Type (Fixed Wing, Rotary Wing), Platform, and Region - Global Forecast to 2030

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Report Code
AS 2221
RI Published ON
8/31/2020
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