Global Aircraft Elevators Market is valued at approximately USD 2.4 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 6.10% over the forecast period 2022-2029. Aircraft Elevators is a system that provides an aircraft lift. It consists of a tail fin and propellers. Aircraft Elevators regulate movement about an aircraft's lateral axis. It is used to manage an aircraft's pitch, which aids in maintaining the tip up or down to cause the aircraft to descend or ascend. However, the growing demand for commercial aircraft and the Rising number of aircraft are the factors driving the market growth.
According to the Research Department, it was estimated that the number of flights worldwide has risen since the early 2000s and reached 38.9 million in the year 2019. Additionally, the increasing air traffic leads to increasing demand for commercial Aircraft. For instance, the number of passengers boarded by the global airline industry was around 2.2 billion people in the year 2021. The growing demand for commercial aircraft and the Rising number of aircraft are the major factors driving the market growth. Furthermore, the Increasing number of air passengers and emerging innovation in the product are the major factors creating major market opportunities in the forecast period. However, the high cost of Aircraft Elevators stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Aircraft Elevators Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the rising air traffic, increasing investments in aircraft, and increasing dependence on aircraft in the region. Europe is expected to grow at the highest CAGR during the forecast period, owing to factors such as rising investments in commercial and military aviation projects and increasing R&D.
Major market players included in this report are:
- Airbus S.A.S (France)
- Hitachi, Ltd. (Japan)
- Honeywell International Inc. (U.S.)
- BAE Systems Inc. (U.S.)
- Raytheon Technologies Corporation (U.S.)
- Textron Aviation Inc. (U.S.)
- Mitsubishi Electric Corporation (Japan)
- Moog Inc. (U.S.)
- Nabtesco Corporation (Japan)
- Liebherr (Switzerland)
Recent Developments in the Market:
- In February 2023, Tata Group committed to ordering 250 Airbus aircraft, to expand its domestic and international activities. The commitment consists of 34 A350-1000 and six A350-900 wide-body jets, as well as 140 A320neo and 70 A321neo single-aisle aircraft.
Global Aircraft Elevators Market Report Scope:
- Historical Data: 2019-2020-2021
- Base Year for Estimation: 2021
- Forecast period: 2022-2029
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Product Type, Aircraft Type, Wing Type, Application, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporatespotential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Product Wing Type offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Product Type:
- Horizontal Stabilator Aircraft Elevator
- Elevons Aircraft Elevator
- Levcons Aircraft Elevator
By Wing Type:
- Fixed-Wing Aircraft
- Rotary Wing Aircraft
By Aircraft Type:
- Narrow Body Aircraft
- Wide Body Aircraft
- Regional Jet
- Others
By Application:
- Commercial Air Transport
- Business and General Aviation
- Military Aviation
By Region:
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Aircraft Elevators Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Aircraft Elevators Market, by Product Type,2019-2029 (USD Billion)
- 1.2.3. Aircraft Elevators Market, by Aircraft Type, 2019-2029 (USD Billion)
- 1.2.4. Aircraft Elevators Market, by Wing Type, 2019-2029 (USD Billion)
- 1.2.5. Aircraft Elevators Market, by Application, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Aircraft Elevators Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Aircraft Elevators Market Dynamics
- 3.1. Aircraft Elevators Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Growing demand for commercial aircraft
- 3.1.1.2. Rising number of aircraft
- 3.1.2. Market Challenges
- 3.1.2.1. High cost of Aircraft Elevators
- 3.1.3. Market Opportunities
- 3.1.3.1. Increasing number of air passengers
- 3.1.3.2. Emerging innovation in the product
Chapter 4. Global Aircraft Elevators Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Investment Adoption Model
- 4.5. Analyst Recommendation & Conclusion
- 4.6. Top investment opportunity
- 4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Aircraft Elevators Market, by Product Type
- 6.1. Market Snapshot
- 6.2. Global Aircraft Elevators Market by Product Type, Performance - Potential Analysis
- 6.3. Global Aircraft Elevators Market Estimates & Forecasts by Product Type2019-2029 (USD Billion)
- 6.4. Aircraft Elevators Market, Sub Segment Analysis
- 6.4.1. Horizontal Stabilator Aircraft Elevator
- 6.4.2. Elevons Aircraft Elevator
- 6.4.3. Levcons Aircraft Elevator
Chapter 7. Global Aircraft Elevators Market, by Aircraft Type
- 7.1. Market Snapshot
- 7.2. Global Aircraft Elevators Market by Aircraft Type, Performance - Potential Analysis
- 7.3. Global Aircraft Elevators Market Estimates & Forecasts by Aircraft Type2019-2029 (USD Billion)
- 7.4. Aircraft Elevators Market, Sub Segment Analysis
- 7.4.1. Narrow Body Aircraft
- 7.4.2. Wide Body Aircraft
- 7.4.3. Regional Jet
- 7.4.4. Others
Chapter 8. Global Aircraft Elevators Market, by Wing Type
- 8.1. Market Snapshot
- 8.2. Global Aircraft Elevators Market by Wing Type, Performance - Potential Analysis
- 8.3. Global Aircraft Elevators Market Estimates & Forecasts by Wing Type 2019-2029 (USD Billion)
- 8.4. Aircraft Elevators Market, Sub Segment Analysis
- 8.4.1. Fixed-Wing Aircraft
- 8.4.2. Rotary Wing Aircraft
Chapter 9. Global Aircraft Elevators Market, by Application
- 9.1. Market Snapshot
- 9.2. Global Aircraft Elevators Market by Application, Performance - Potential Analysis
- 9.3. Global Aircraft Elevators Market Estimates & Forecasts by Application2019-2029 (USD Billion)
- 9.4. Aircraft Elevators Market, Sub Segment Analysis
- 9.4.1. Commercial Air Transport
- 9.4.2. Business and General Aviation
- 9.4.3. Military Aviation
Chapter 10. Global Aircraft Elevators Market, Regional Analysis
- 10.1. Aircraft Elevators Market, Regional Market Snapshot
- 10.2. North America Aircraft Elevators Market
- 10.2.1. U.S. Aircraft Elevators Market
- 10.2.1.1. Product Type breakdown estimates & forecasts, 2019-2029
- 10.2.1.2. Aircraft Type breakdown estimates & forecasts, 2019-2029
- 10.2.1.3. Wing Type breakdown estimates & forecasts, 2019-2029
- 10.2.1.4. Application breakdown estimates & forecasts, 2019-2029
- 10.2.2. Canada Aircraft Elevators Market
- 10.3. Europe Aircraft Elevators Market Snapshot
- 10.3.1. U.K. Aircraft Elevators Market
- 10.3.2. Germany Aircraft Elevators Market
- 10.3.3. France Aircraft Elevators Market
- 10.3.4. Spain Aircraft Elevators Market
- 10.3.5. Italy Aircraft Elevators Market
- 10.3.6. Rest of Europe Aircraft Elevators Market
- 10.4. Asia-Pacific Aircraft Elevators Market Snapshot
- 10.4.1. China Aircraft Elevators Market
- 10.4.2. India Aircraft Elevators Market
- 10.4.3. Japan Aircraft Elevators Market
- 10.4.4. Australia Aircraft Elevators Market
- 10.4.5. South Korea Aircraft Elevators Market
- 10.4.6. Rest of Asia Pacific Aircraft Elevators Market
- 10.5. Latin America Aircraft Elevators Market Snapshot
- 10.5.1. Brazil Aircraft Elevators Market
- 10.5.2. Mexico Aircraft Elevators Market
- 10.6. Rest of The World Aircraft Elevators Market
Chapter 11. Competitive Intelligence
- 11.1. Top Market Strategies
- 11.2. Company Profiles
- 11.2.1. Airbus S.A.S (France)
- 11.2.1.1. Key Information
- 11.2.1.2. Overview
- 11.2.1.3. Financial (Subject to Data Availability)
- 11.2.1.4. Product Summary
- 11.2.1.5. Recent Developments
- 11.2.2. Hitachi, Ltd. (Japan)
- 11.2.3. Honeywell International Inc. (U.S.)
- 11.2.4. BAE Systems Inc. (U.S.)
- 11.2.5. Raytheon Technologies Corporation (U.S.)
- 11.2.6. Textron Aviation Inc. (U.S.)
- 11.2.7. Mitsubishi Electric Corporation (Japan)
- 11.2.8. Moog Inc. (U.S.)
- 11.2.9. Nabtesco Corporation (Japan)
- 11.2.10. Liebherr (Switzerland)
Chapter 12. Research Process
- 12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
- 12.2. Research Attributes
- 12.3. Research Assumption