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Aircraft Actuators Market Share

Report ID: GMI7556
Published Date: Dec 2023
Report Format: PDF

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Aircraft Actuators Market Share

Honeywell Aerospace is a prominent player in the aerospace industry, offering a wide range of products & solutions including aircraft actuators. Honeywell's actuators provide control and movement for various aircraft systems, contributing to the overall safety, efficiency, and performance of both commercial & military aircraft. Honeywell provides a diverse range of actuators designed for different applications in aircraft systems. This includes actuators for primary flight control surfaces (such as ailerons, elevators, and rudders), landing gear systems, thrust reversers, and other secondary flight control surfaces. The other major players operating in the aircraft actuators industry include:

Rockwell Collins (now part of Raytheon Technologies)
Honeywell Aerospace
Moog Inc.
UTC Aerospace Systems (now part of Raytheon Technologies)
Parker Hannifin Corporation
Safran Group
Woodward, Inc.

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

The global market size for aircraft actuators was valued at USD 50 billion in 2022 and is estimated to register a CAGR of over 6% between 2023 and 2032 driven by increasing disposable incomes, rising urbanization, and growing business travel.

The hydraulic actuators segment dominated the aircraft actuators industry with a share of over 45% in 2022 and is estimated to reach over USD 8 million by 2032, owing to their utility in aircrafts for reliability and performance.

North America market size for aircraft actuators held a revenue share of over 23% in 2022 and is predicted to witness substantial growth through 2032 driven by booming aviation sector in the region, along with a strong base of precision engineering companies that specialize in actuator manufacturing.

Rockwell Collins (now part of Raytheon Technologies), Honeywell Aerospace, Moog Inc., UTC Aerospace Systems (now part of Raytheon Technologies), Safran Group, Woodward, Inc are some of the major industry contenders.