The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Increased cargo service demand is likely to promote innovation in aircraft lift production, propelling the market during the forecast period.

The global aircraft elevator market is expected to grow from $3.03 billion in 2022 to $3.23 billion in 2023 at a compound annual growth rate (CAGR) of 6.4%. The global aircraft elevator market size is expected to reach $4.03 billion in 2027 at a CAGR of 5.7%.

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Global Aircraft Elevator Market Segments Include:

• By Product: Horizontal Stabilator Aircraft Elevator, Elevons Aircraft Elevator, Levcons Aircraft Elevator
• By Wing: Fixed-Wing Aircraft, Rotary Wing Aircraft
• By Aircraft: Narrow Body Aircraft, Wide Body Aircraft, Regional Jet, Other Aircrafts
• By Application: Commercial Air Transport, Business and General Aviation, Military Aviation
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global aircraft elevator market in 2021.

Major Market Players in the aircraft elevator market include Honeywell International Inc., BAE Systems, Moog Inc., Liebherr Group, Airbus S.A.S, Fujitec Company Limited., Hyundai Elevator Co. Ltd., Otis Worldwide Corporation, PAR Technology Corporation.

Strategic alliances are a common trend in the aircraft lift sector. Major players in the aviation lift sector are forming alliances to form a new relationship in which two or more organisations develop aircraft lift technology. For example, Lilium GmbH, a German aerospace business, joined with Honeywell International, Inc., a US-based conglomerate corporation, in June 2021. The firms hope to use this collaboration to develop the electronics and mechanical systems for the 7-seat Lilium Jet eVTOL. Furthermore, BAE Systems plc, a UK-based aerospace corporation, will collaborate with Supernal, a US-based aviation and aerospace component manufacturing company, in October 2022. They hoped to use this collaboration to look into product development for the future of aircraft electrification and, through a memorandum of understanding, to look into the design of electric energy management systems for urban air mobility vehicles.

The Aircraft Elevator Global Market Report 2023  provides a aircraft elevator market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The aircraft elevator market forecast analyzes aircraft elevator market size, aircraft elevator market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

An aircraft elevator is a major flight control surface that controls movement along an aircraft’s lateral axis and is used to control the position of an aircraft’s nose at the tail portion. The aircraft elevators change the effective airfoil of the horizontal stabiliser to adjust the wing angle.

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