Market Share of Aircraft Actuators Industry
The market for aircraft actuators is fragmented, with many players supplying several types of actuation systems for different aircraft programs. Liebherr-International Deutschland GmbH, RTX Corporation, Parker Hannifin Corporation, Eaton Corporation PLC, and Honeywell International Inc. are prominent players in the aircraft actuators market.
Liebherr Aerospace supplies mechanical actuators for the Airbus A320, A330, and A350, hydraulic actuators for the Airbus A400M, and electromechanical actuators for the Boeing B777. With new aircraft under development and recent announcements, players could secure fresh supply contracts with these aircraft's OEMs.
- March 2022: Parker Aerospace was chosen by Sikorsky-Boeing to provide a range of components, including the hydraulic tail actuation system (HTAS) and main rotor servo actuators (MRS), for the DEFIANT X model under the Future Long-Range Assault Aircraft (FLRAA) program. This move highlights the growing opportunities in the aviation industry. In addition, there is a push toward innovation, focusing on producing lightweight actuators. These advancements not only reduce the aircraft's overall weight but also lead to significant fuel savings for airlines.
Aircraft Actuators Market Leaders
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Liebherr-International Deutschland GmbH
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Parker Hannifin Corporation
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RTX Corporation
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Eaton Corporation plc
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Honeywell International Inc.
*Disclaimer: Major Players sorted in no particular order
