Aircraft Elevator Market Report 2025

The aircraft elevator market size has grown strongly in recent years. It will grow from $3.35 billion in 2024 to $3.54 billion in 2025 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to environmental concerns, maintenance and service demands, globalization of air travel, retrofitting and upgradation, and market competition.

The aircraft elevator market size is expected to see strong growth in the next few years. It will grow to $4.45 billion in 2029 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to advanced materials integration, automation, and smart systems, demand for electric aircraft, urban air mobility growth, connectivity and IoT integration. Major trends in the forecast period include enhanced safety features, digitalization and connectivity, modular and scalable designs, and emphasis on user experience.

The rising demand for cargo services is anticipated to drive the growth of the aircraft elevator market in the coming years. Cargo services involve the transportation of goods and products from one location to another. As the demand for cargo services increases, it is expected to lead to a higher demand for aircraft, which will, in turn, boost the need for aircraft elevators. For example, in August 2024, the International Air Transport Association (IATA), a trade association based in Canada, reported a 13.6% increase in total cargo demand, measured in cargo tonne-kilometers (CTKs), compared to July 2023, with international operations rising by 14.3%. Therefore, the growing demand for cargo services is fueling the expansion of the aircraft elevator market.

The burgeoning tourism sector is expected to fuel the growth of the aircraft elevator market in the coming years. The tourism industry encompasses a wide range of activities and services related to travel and leisure. Aircraft elevators play a vital role in this industry by ensuring the efficiency and functionality of commercial passenger aircraft, facilitating smooth boarding and disembarking processes for travelers, and contributing to overall air travel safety and experience. For instance, data from the Ministry of Business, Innovation, and Employment in December 2022 revealed that tourism spending in New Zealand surged to $26.5 billion, marking a 2.7% ($704 million) growth compared to the previous year. Furthermore, overseas visitor arrivals to the country showed a notable increase of 335.3%, reaching 229,370. Additionally, tourism made a direct contribution of $10 billion to the GDP, accounting for 3% of the GDP and exhibiting a growth of 1.3%. Thus, the escalating tourism industry is a driving force behind the growth of the aircraft elevator market.

Major companies in the aircraft elevator market are forming strategic partnerships to foster innovation, enhance advanced avionics systems, improve safety measures, and optimize production efficiency. Strategic partnerships involve companies leveraging each other's strengths and resources to achieve mutual benefits and success. For example, in March 2024, Volz Servos GmbH, a Germany-based manufacturer specializing in precision servos and electromechanical actuators, teamed up with Dufour Aerospace, a Switzerland-based company focused on aerospace technology development, to create advanced control systems that enhance aircraft safety and operational efficiency. Through this collaboration, Volz Servos GmbH and Dufour Aerospace aim to develop innovative avionics solutions that boost the safety, efficiency, and performance of eVTOL aircraft, thereby driving advancements in electric aviation technology.

In July 2023, Safran S.A., a French company specializing in aircraft engine design and manufacturing, completed the acquisition of Collins Aerospace's high-technology actuation and flight control activities for $1.8 billion. This strategic acquisition was aimed at bolstering Safran S.A.'s presence in the realm of mission-critical flight control and actuation systems. Collins Aerospace, a US-based technology company, is engaged in designing, manufacturing, and servicing systems and components across various industries, including commercial aviation, business aviation, military, and defense.

In July 2024, The Boeing Company, a US-based aerospace and defense firm, acquired Spirit AeroSystems Inc. for $4.7 billion. This acquisition is intended to streamline the production of critical aircraft components, especially aircraft elevators, thereby enhancing manufacturing efficiency and fostering innovation in aerospace design. Spirit AeroSystems Inc. is a US-based manufacturer specializing in elevators and boilers.

Major companies operating in the aircraft elevator market include Honeywell International Inc., BAE Systems plc, Moog Inc., Liebherr Group, Airbus SE, United Technologies Corporation, Harbin Hafei Airbus Composite Manufacturing Co. Ltd., Nabtesco Corporation, Leonardo S.p.A., Taneja Aerospace & Aviation Ltd., Triumph Group Inc., Xizi United Holdings Limited, Raytheon Technologies Corporation, Textron Aviation Inc., Collins Aerospace, Curtiss-Wright Corporation, Aerospace Technologies Inc., Bombardier Inc., Kawasaki Heavy Industries Ltd., Saab AB, Mitsubishi Aircraft Corporation, Avic Aircraft Company Limited, Textron Inc., ATR Aircraft, Hindustan Aeronautics Limited (HAL), Spirit AeroSystems Holdings Inc., Gulfstream Aerospace Corporation.

Asia-Pacific was the largest region in the aircraft elevator market in 2024. Europe is expected to be the fastest-growing region in the global aircraft elevator market report during the forecast period. The regions covered in the aircraft elevator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the aircraft elevator market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

An aircraft elevator is a crucial flight control surface responsible for managing lateral movement along the aircraft's axis. It specifically regulates the nose position from the tail part, effectively controlling the wing angle by adjusting the airfoil of the horizontal stabilizer.

The primary types of aircraft elevator products include the horizontal stabilator aircraft elevator, elevons aircraft elevator, and levcons aircraft elevators. A horizontal stabilator aircraft elevator is a fixed horizontal surface positioned at an aircraft's tail, ensuring stability and control in pitch - managing the aircraft's up-and-down motion. This type encompasses both fixed-wing and rotary-wing aircraft and serves various aircraft categories such as regional jets, wide-body aircraft, among others. Its applications span across commercial air transport, business and general aviation, and military aviation.

The aircraft elevator market consists of sales of horizontal stabilizer aircraft elevators, elevon aircraft elevators, levcon aircraft elevators, hydraulic systems, and maintenance and support equipment. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The aircraft elevator market consists of sales of ailerons, elevator trim tabs, and rudders. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 3-5 business days.