The global Aircraft Actuator market was valued at USD 10.45 billion in 2022 and expected to grow at a CAGR of 8.5% during the forecast period.
Aircraft actuators are electromechanical devices used in the aerospace industry to control the motion of various aircraft components, such as flaps, slats, and landing gear. These devices are critical for the safe operation of an aircraft and are responsible for providing precise control of movement and positioning of aircraft components.
Aircraft actuators are widely used in commercial, military, and general aviation aircraft, and are designed to withstand the harsh environmental conditions and high loads experienced during flight. They are typically powered by electric motors or hydraulic systems and can be controlled manually or through a computerized control system.
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The aircraft actuator market is highly competitive, with several players offering a wide range of products to meet the diverse needs of the aviation industry. The market is driven by technological advancements in aircraft systems and the increasing demand for more efficient and reliable aircraft components.
The growth of the market can be attributed to the increasing demand for fuel-efficient aircraft, rising demand for air travel, and technological advancements in aircraft actuator systems.
Based on the product type, the market is segmented into hydraulic, electric, and pneumatic actuator systems. Among these, the electric actuator segment is expected to witness the highest growth, owing to its high reliability, low maintenance, and better efficiency compared to other types.
The market is also segmented based on the application into flight control system, landing gear system, and others. The flight control system segment is expected to dominate the market, owing to the increasing demand for advanced fly-by-wire systems and the rise in aircraft orders from commercial airlines.
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