In 2023, the sales of aerospace-type fluid power cylinders and actuators in the US were just below 3 billion USD. The forecast from 2024 through 2028 suggests a steady upward trajectory in sales, beginning at 3.1017 billion USD in 2024 and reaching 3.3615 billion USD by 2028. The year-on-year growth shows a consistent increase: approximately 2.16% from 2024 to 2025, 2.07% up to 2026, 1.99% through 2027, and 1.91% by 2028. The compound annual growth rate (CAGR) for these years indicates a moderate growth of around 2% per annum.
Future trends to watch for:
- The influence of technological advancements in aerospace engineering, which could further drive the demand for precision and high-performance cylinders and actuators.
- Potential impacts of economic fluctuations and regulatory changes on the aerospace manufacturing sector.
- The growth in commercial space exploration activities which might increase the demand for specialized aerospace fluid power components.
