AIRCRAFT ACTUATORS MARKET ANALYSIS

Regional Analysis

Global Aircraft Actuators Market: Regional Insights

The global aircraft actuators market is geographically segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

North America is anticipated to dominate the global aircraft actuators market during the forecast period due to continuous procurement of military aircraft in the U.S. for strengthening the military capabilities, and rise in investments in production of new aircraft and development of airport infrastructures in Canada. There is a rise in demand for private jets in Canada due to growing preference of individual travel, owing to the COVID-19 pandemic. This is also expected to propel growth of the market in North America region.

Furthermore, Asia Pacific is also anticipated to show significant growth in the global aircraft actuators market over the forecast period, owing to rise in passenger demand leading to investment in commercial airline fleet. For instance, in November 2022, China Aviation Supplies signed a mass purchase agreement for 140 Airbus jets worth US$ 17 billion. Moreover, increasing number of aircraft and airlines manufacturers in Japan are investing in development of engine MRO activities in the country, as the passenger influx is likely to increase in the coming years. This is also projected to support growth of the global aircraft actuators market during the forecast period.