USD 14.5 billion
Military Actuators Market Size, Share, Growth Analysis, By Application(Air, Land, Naval), By System(Electrical, Hydraulic, Pneumatic, Mechanical), By Components(Cylinders, Drives, Servo Valves, Manifolds), By Type(Linear, Rotary), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20A2050 |
Region:
Global |
Published Date: February, 2024
Pages:
270
|Tables:
118
|Figures:
77
Military Actuators Market Insights
Military Actuators Market size was valued at USD 14.5 billion in 2019 and is poised to grow from USD 15.4 billion in 2023 to USD 23.62 billion by 2031, growing at a CAGR of 6.3% in the forecast period (2024-2031).
An actuator is a device that transforms energy and signals entering the system with rotary or linear motion. An actuator is a device that transforms energy and signals entering the system to produce motion. It can generate either rotary or linear motion. These actuators are reliable and suitable for applications involving the positioning of armoured plates and guns. In wheeled vehicles, hydraulic actuators are utilised. When compared to pneumatic actuators of the same size, they are capable of producing a force that is 25 times greater than normal.
Defence and military applications call for high force in a small region with exact control over force, position, and speed. Actuators are expected to drive market growth because they satisfy all the requirements of these military and defense applications. Over the course of forecast period, the demand for military actuators is expected to be driven by a number of factors, including the rise in terrorist activities around the world, security concerns, political unrest, and the adoption of contemporary military programs. Manufacturers are encouraged by technological advancement to choose high-performance goods for use in a variety of military applications.
In order to bring cutting-edge manufacturing techniques like 3D printing to the defence industry, businesses and the armed forces are working together. Companies hope to manufacture the actuators as a single structure using 3D printing technology, which will lighten their overall weight. In the upcoming years, it is anticipated that the introduction of such technologies will help accelerate market expansion. In order to increase their sales in the upcoming years, actuator manufacturing companies are shifting their focus to the Asia-Pacific, Middle-East, and Africa regions due to the growing emphasis on the development of local defence manufacturing facilities in these areas.
The global actuators market is expanding primarily due to rising electrical actuator demand and military automation advancements. Automated technology is being rapidly adopted by military operations all over the world in their systems and equipment. The design and development of cutting-edge automated military systems has received significant funding from all three branches of the military, including land, sea, and airborne, improving the functionality of their military hardware and systems. With the barriers to adoption and potential uses of automated military equipment in mind, major established manufacturers in the global market for military actuators are constantly working on cooperative projects to develop advanced military-grade actuators.
US Military Actuators Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Air
Fastest Growth
Air
Growth Rate
6.3% CAGR
Global Military Actuators Market ($ Bn)
Country Share for North America Region (%)
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Military Actuators Market Segmental Analysis
Global Military Actuators market is segmented on the basis of type, application, system, components, and region. The Military Actuators Market is segmented on the basis of type such as linear, rotary. On the basis of application, the market is segmented into air, land, naval. On the basis of systems, the Military Actuators Market is segmented into electrical, hydraulic, pneumatic, mechanical. On the basis of components, the market is segmented into cylinders, drives, servo valves, manifolds. Based on region the market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Military Actuators Market Analysis by System
During the projected period, the military actuators market is anticipated to receive the largest contribution from the hydraulic actuators segment. Pressurized liquids, such as hydraulic fluids, power hydraulic actuators. These actuators are reliable and suitable for applications involving the positioning of armoured plates and guns. In wheeled vehicles, hydraulic actuators are utilised. When compared to pneumatic actuators of the same size, they are capable of producing a force that is 25 times greater.
The market is driven by the adoption of hydraulic actuators and other automation to improve military combat capabilities and the development of technologically advanced actuators with improved permanent magnet materials for efficiency. However, the market's expansion is hampered due to the strict enforcement of numerous regulatory standards as well as problems with power consumption, noise, and leakage. On the other hand, the development of miniature military actuators and the widespread use of cutting-edge actuators are opening up numerous opportunities for the market. In the many different military applications, actuators in military vehicles are essential.
Global Military Actuators Market By Application
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Military Actuators Market Regional Insights
Due to the growing need for advanced protection solutions in the defence and military industries, North America held the largest share (33.7%) and has dominated the global military actuators market. Being the top military spender in the world, the United States has access to the most cutting-edge and substantial amount of defence equipment, significantly boosting the market's expansion in North America.
Technology advances, sizable R&D facilities, well-known warfare strategies, and increasing government investment in the military and defence sector have prompted various nations to upgrade their armed forces with high-protection systems and cutting-edge ammunition products, which has boosted market growth.
To improve land, air, and sea capabilities, countries are making significant investments in military modernization programmes and acquisition of armoured vehicles, aircraft, and naval vessels. For instance, China has rapidly increased its capabilities over the past few decades and is continuing to modernise its military despite territorial and maritime disputes. The Type 075 (Yushen-class) amphibious helicopter carrier Hainan and the Type 055 (Renhai-class) guided-missile cruiser Dalian were both unveiled by the People's Liberation Army Navy in 2021. The nations in the region increase their capacity for domestic defence production and lessen their reliance on outside suppliers. To meet the needs of the Royal Thai Marine Corps, the 88 Amphibious Armoured Personnel Carrier (AAPC) is being developed by Thailand's state-owned Defense Technology Institute (DTI) (RTMC).
Global Military Actuators Market By Region
- Largest
- Fastest
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Military Actuators Market Dynamics
Military Actuators Market Driver
Growing demand for military aircraft to boost the market growth
- The rising demand for actuators from military aircraft is one of the major factors driving the market expansion. Military actuator demand is driven by nations with large military budgets and is expected to remain stable throughout the forecast period.
- One of the key factors propelling the expansion of the military actuators market is the rising demand for electrical actuators from the aerospace and defence industries. These actuators are in greater demand in the aviation industry because they help flight control systems with less energy. Hydraulic actuators are replaced with electrical actuators because of their lighter weight, better performance, increased security, and low maintenance requirements.
Military Actuators Market Restraint
Maintenance costs to limit the market growth
- Many businesses involved in the development of products for the military strictly adhere to the government's defence standards. In the forecast period, factors such as the strict implementation of regulatory standards, problems with noise, vibration, and leakage, as well as the associated maintenance costs of military actuators, may limit market growth.
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Military Actuators Market Competitive Landscape
The global military actuators market is characterised by intense competition on account of the presence of prominent military actuators manufacturers serving major geographies across the globe. Armor producers increase their sales by investing, developing top-notch R&D infrastructure, and expanding their market reach. To maintain their position in the market and gain a competitive edge, the market players are heavily investing in their R&D facilities and launching cutting-edge products.
Military Actuators Market Top Players Company Profiles
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Curtiss-Wright - (US)
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Moog - (US)
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Parker Hannifin - (US)
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Triumph Group - (US)
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Meggitt - (UK)
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Venture Mfg. Co - (US)
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Kyntronics - (US)
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Nook Industries - (US)
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Elektro-Metall Export GmbH - (Germany)
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Honeywell International Inc - (US)
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Curtiss-Wright Corporation - (US)
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Triumph Group - (US)
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Moog, Inc - (US)
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Kyntronics - (US)
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NOOK Industries, INC - (US)
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Safran - (France)
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Arkwin Industries, Inc - (US)
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Hunt Valve Company - (US)
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AMETEK, Inc - (US)
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Ultra Motion - (US)
Military Actuators Market Recent Developments
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In June 2021, Kytronics announced that the company joined the Rockwell Automation Technology Partner program, under which the company's SMART Electro-Hydraulic Actuators will be integrated into the program with Rockwell Automation servo motors, drives, and controls.
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In May 2021, Marotta Controls announced that the company's Custom Fin Control Actuation System (CAS) design project for Lockheed Martin received full component level qualification exceeding 20 military standards. It is an electromechanical actuation system used for various applications such as UAVs and UUVs.
Military Actuators Key Market Trends
- Rising insurgency across borders in nations like China-India and India-Pakistan, as well as unrest within nations like Iran and Syria, encourage the respective governments to incorporate cutting-edge military programmes and invest in personal protection solutions. Military actuator demand has also been sparked by the adoption of armoured vehicles, tanks, and other offshore patrol vehicles, as well as different naval and aircraft platforms.
- India and China, two developing nations in the Asia Pacific, are anticipated to make significant market growth contributions due to the escalating political unrest and domestic conflicts. The COVID 19 pandemic, however, has had an impact on the market as a whole. The pandemic has had a significant impact on the availability of raw materials used to make military actuators, including metals like steel and aluminium, which has slowed market expansion.
Military Actuators Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, we found that the technology advances, sizable R&D facilities, well-known warfare strategies, and increasing government investment in the military and defence sector have prompted various nations to upgrade their armed forces with high-protection systems and cutting-edge ammunition products, which has boosted market growth.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 14.5 billion |
| Market size value in 2031 | USD 23.62 billion |
| Growth Rate | 6.3% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Military Actuators Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Military Actuators Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Military Actuators Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Military Actuators Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Military Actuators Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Military Actuators Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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