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Military Actuators Market Size Worth $1.7 Billion By 2027 | CAGR: 5.2%: Grand View Research, Inc.

PRESS RELEASE PR Newswire
Nov. 23, 2020, 03:35 AM

SAN FRANCISCO, Nov. 23, 2020 /PRNewswire/ -- The global military actuators market size is expected to reach USD 1.7 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.2% from 2020 to 2027. The development of advanced weapons, increasing demand for electric and electromagnetic actuators from the aerospace and defense industry, and the rise in homeland security concerns are some of the major factors driving the market.

Key suggestions from the report:

  • The cylinders' component segment is projected to expand at a significant CAGR of 5.5% from 2020 to 2027. Servo valves are used in various military applications, and thus are projected to gain a significant share in the market in the years to come
  • The hydraulic actuators system segment held the largest share of 24.5% in 2019. However, electrical actuators are projected to replace the hydraulic actuators over the forecast period
  • The linear actuators type segment is expected to expand at a CAGR of 5.6% from 2020 to 2027 on account of its high demand in the armored vehicles in land forces
  • North America dominated the market with a share of 33.7% in 2019 on account of rising investments in military and defense, rapid technological development, and increasing homeland security concerns
  • The major manufacturers emphasize on innovation through extensive R&D for the production of advanced actuators for use in armored vehicles and military equipment.

Read 143 page research report with ToC on "Military Actuators Market Size, Share & Trends Analysis Report By Component (Servo Valves, Cylinders), By System (Hydraulic, Electrical), By Type, By Application, By Region, And Segment Forecasts, 2020 - 2027'' at:https://www.grandviewresearch.com/industry-analysis/military-actuators-market

Military actuators play a crucial role in the military and defense sector. They are used in motion control to monitor velocity and speed. The use of actuators in the military and defense industries helps to reduce energy consumption. The actuators are installed to enhance the fighting capabilities, which is expected to favor the market growth over the period of time.

Increasing demand for commercial and military aircraft propels the demand for military actuators. The rise in demand for protection applications in marine and aircraft is contributing to market growth. In addition, technological advancement and innovation in ballistic protection are favoring market growth.

The market can be segmented based on components, system, type, and application. The components include cylinders, servo valves, drives, manifolds, and others. Servo valves hold a significant share in the market owing to their use in various applications. Cylinders are projected to witness significant growth over the forecast period.

Grand View Research has segmented the global military actuators market on the basis of component, system, type, application, and region:

  • Military Actuators Component Outlook (Revenue, USD Million, 2016 - 2027)
    • Cylinders
    • Drives
    • Servo Valves
    • Manifolds
    • Others
  • Military Actuators System Outlook (Revenue, USD Million, 2016 - 2027)
    • Hydraulic
    • Electrical
    • Pneumatic
    • Electromechanical
    • Electrohydraulic
    • Others
  • Military Actuators Type Outlook (Revenue, USD Million, 2016 - 2027)
    • Linear
    • Rotary
    • Multi-axis Positioning
    • Semi-rotary
  • Military Actuators Application Outlook (Revenue, USD Million, 2016 - 2027)
    • Air
    • Land
    • Naval
  • Military Actuators Air Application by Platform Outlook (Revenue, USD Million, 2016 - 2027)
    • Fighter Aircraft
    • Helicopters
  • Military Actuators Air Application by Actuators Outlook (Revenue, USD Million, 2016 - 2027)
    • Flight Controls
    • Engine Controls
    • Active Vibration Controls
    • Weapon Bay Door Drives
    • Utility Actuation
  • Military Actuators Land Application by Platform Outlook (Revenue, USD Million, 2016 - 2027)
    • Tanks
    • Armored Vehicles
    • Land-based Missiles
    • Others
  • Military Actuators Land Application by Actuators Outlook (Revenue, USD Million, 2016 - 2027)
    • Military Ground Vehicles
    • Electromechanical Gun Elevation
    • Elevation
    • Gun and Turret Drive
    • Traverse
    • Electromechanical Gun/Turret Drive
  • Military Actuators Naval Application by Platform Outlook (Revenue, USD Million, 2016 - 2027)
    • Frigates
    • Destroyers
    • Corvettes
    • Offshore Patrol Vehicles
  • Military Actuators Naval Application by Actuators Outlook (Revenue, USD Million, 2016 - 2027)
    • Linear Actuator for Weapons Robots
    • Naval Rotary Hinge Actuators
    • Other
  • Military Actuators Regional Outlook (Revenue, USD Million, 2016 - 2027)
    • North America
      • The U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • The U.K.
      • France
      • Russia
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
    • Central & South America
      • Brazil
    • Middle East & Africa
      • UAE
      • Saudi Arabia
      • South Africa

List of Key Players of Military Actuators Market

  • Curtiss-Wright
  • Moog Inc.
  • Parker Hannifin
  • Triumph Group
  • Nook Industries
  • AMETEK
  • Ultra Motion
  • EME EleKTro-Metall
  • Whippany Actuation Systems
  • Beaver Aerospace & Defense
  • Arkwin Industries
  • Temis SRL
  • Honeywell International Inc.
  • Safran
  • Woodward Inc.
  • Kyntronics

Find more research reports on Advanced Interior Materials Industry, by Grand View Research:

  • Recycled Metal Market – The market growth is driven by increasing emphasis on the secondary production of metals owing to environmental concerns such as energy consumption and scrap disposal.
  • Dust Control Systems Market– Increasing air pollution, growing health concerns, and stringent regulations pertaining to air pollution are expected to drive the dust control systems market over the forecast period.
  • Solar Control Window Film Market – Growing construction industry coupled with superior properties including energy savings and reduction of carbon footprints has contributed to the market growth.

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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