Market Leaders- Top Aircraft Actuators Companies
Aircraft Actuators are devices that translate energy into motion and are mostly used to move or regulate systems and processes. In an aircraft, actuators are used to control systems such as primary control surfaces, landing gear, wheel brakes, spoilers, and wing flaps. Actuators have become indispensable in aircraft operations owing to their ability to deliver a large amount of power without occupying much space and adding more weight to the aircraft. Modern aircraft actuators are being developed to increase the safety, usefulness, and situational awareness of airplanes. They are operated by an external source of energy, typically electric current, hydraulic fluid pressure, or pneumatic pressure, which is then converted to motion.
The Aircraft Actuators Market size is projected to grow from USD 8.1 Billion in 2022 to USD 11.4 Billion by 2027, at a CAGR of 7.0% from 2022 to 2027. There is an increasing demand for aircraft actuators owing to steady growth in the number of aircraft deliveries and the growing demand to replace aging components with state-of-the-art components. However, delays in aircraft orders, as well as power consumption and fluctuation issues in aircraft actuators, are anticipated to hinder the market growth during the forecast period.
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Major players operating in the aircraft actuators market include Raytheon Technologies Corporation (US), Curtiss-Wright Corporation (US), Honeywell International Inc. (US), Safran SA (France), Liebherr-International Duetschland GmbH (Germany), Moog Inc. (US), and Eaton Corporation plc (Ireland). Contracts, partnerships, agreements new product & service launches, mergers and acquisitions are among some of the key strategies adopted by the leading market players to strengthen and sustain their position in the avionics market.
Raytheon Technologies Corporation
Raytheon Technologies Corporation (US) is among the leading aerospace, intelligence services, and defense companies in the world in terms of revenue and market capitalization. It conducts R&D and manufactures high-tech products like drones, satellites, guided missiles, air defense systems, aircraft engines, aircraft actuators, and aerostructure. It has 4 subsidiaries: Raytheon Intelligence & Space, Raytheon Missiles & Defense, Pratt & Whitney, and Collins Aerospace. The company provides aircraft actuators products through Collins Aerospace.
Curtiss-Wright Corporation (US) is another major player in the aircraft actuators market. It has a strong product portfolio to cater to the needs of the defense & commercial aircraft sector. It operates through 3 segments: aerospace & industrial, defense electronics, and naval power. The company provides aircraft actuators products under the aerospace and industrial segment. It has a strong presence in North America.
Honeywell International Inc (US) is a global provider of manufacturing and technological services. The company provides products and services in the following areas: aerospace; turbochargers; energy-efficient goods and services for buildings, businesses, and transportation; specialty chemicals; electronic and advanced materials; process technology for petrochemicals and refining; and productivity, sensing, safety, and security products and services for structures, homes, and industries. Most of its production, sales, services, and R&D operations are based in the US, Europe, Canada, Asia, and Latin America.
Liebherr-International Duetschland GmbH
Liebherr Group (Switzerland) mainly operates through ten business segments, namely, Maritime Cranes, Mobile Cranes, Earthmoving, Aerospace & Transportation Systems, Domestic Appliances, Mining, Tower Cranes, Concrete Technology, Gear Technology & Automation Systems, and Others. Through the Aerospace & Transportation Systems segment, the company develops, manufactures, and offers services for aircraft actuators. Liebherr is comprised of over 130 companies (40 production companies), which are present in more than 50 countries on every continent.
Moog Inc. (US) is primarily engaged in the design, manufacture, and development of advanced technology systems integrator of precision motion and fluid controls and systems for applications in aerospace & defense and industrial markets. It operates through three business segments: aircraft controls, space and defense, and industrial systems. Its product portfolio includes integrated flight control systems, primary flight controls, secondary flight controls, high lift systems, active vibration controls, navigation aids, avionics instruments, alternators, multiplexers, RVDT position sensors, etc. The company offers aircraft actuators products & solutions under the aircraft controls business segment. It has a presence in the US, Germany, Japan, and the UK.
Related Reports:
Aircraft Actuators Market by Installation Type (OEM & Aftermarket), System, Technology (Hydraulic, Electric Hybrid, Mechanical, Pneumatic, and Full Electric), Type, Platform, Aircraft Type (Fixed Wing and Rotary Wing) and Region - Global Forecast to 2027
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