The global aircrafts actuators market size is expected to reach USD 25.65 billion by 2032, according to a new study by Polaris Market Research. The report “Aircraft Actuator Market Share, Size, Trends, Industry Analysis Report, By Installation Type (OEM and Retrofit); By Technology, By Wing Type; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
In recent decades, advanced technologies have been increasingly adopted and a greater awareness of the development of the military electrical aircraft (MEA) has resulted in an increase in the number of electrical aircraft (EA) surrounded by the original equipment manufacturers (OEMs). The goal is to develop a new electric aircraft architecture within a miniature timeframe by sympathizing with hawkers. This incentivisation helps to create a more sustainable environment and reduce dependency on non-renewable sources.
The MEA serves as a facilitating agency in the aviation industry and offers various net worthy possibilities, benefits and advantages that can be utilized for aircraft such as producing fuel-efficient engines, reducing weight, lowering maintenance costs, and increasing reliability. By using MEA systems as a replacement for traditional power sources such as pneumatics, hydraulics, and mechanical power, non-propulsion systems are encouraged to use more electric power.
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In addition, as a result of this segment’s cost-effectiveness, the demand for the product is likely to increase in the commercial aircraft sector. It is anticipated that these factors will assist the market during the forecast period. It is apparent that the market for advanced electric aircraft actuators is growing due to many factors, including the recognizable problems associated with the use of conventional traditional actuators powered by pneumatic, mechanical, or hydraulic technologies, such as heating, contamination, fluid, and a higher cost when discussing electric actuators.
Since it uses more advanced and efficient motors that are able to handle more heat, the actuator is protected from component damage by eliminating the problems encountered with traditional actuators and offers 80% more efficiency than hydraulic counterparts. This means that the demand for electric aircraft actuators is expected to grow rapidly over the forecasted period.
Aircraft Actuators Market Report Highlights
Polaris Market Research has segmented the aircraft actuators market report based on wing type, technology, installation type and region:
Aircrafts Actuators, by Installation Type Outlook (Revenue - USD Billion, 2019 - 2032)
Aircrafts Actuators, by Wing Type Outlook (Revenue - USD Billion, 2019 - 2032)
Aircrafts Actuators, by Technology Outlook (Revenue - USD Billion, 2019 - 2032)
Aircrafts Actuators, Regional Outlook (Revenue - USD Billion, 2019 - 2032)