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 player 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

By Application:
Commercial Air Transport
Business and General Aviation
Military Aviation

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World