What is the Global market size of the Military Actuators Market?

Global Military Actuators Market size was valued at USD 14.5 billion in 2021 and is poised to grow from USD 15.4 billion in 2022 to USD 23.62 billion by 2030, growing at a CAGR of 6.3% in the forecast period (2023-2030).

What is the key market trend for the Global Military Actuators Market?

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.

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

Q: Who are the key vendors in the Global Military Actuators Market?

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. ' Curtiss-Wright - (US) ', ' Moog - (US) ', ' Parker Hannifin - (US) ', ' Triumph Group - (US) ', ' Meggitt - (UK) ', ' Venture Mfg. Co - (US) ', ' Kyntronics - (US) ', ' Nook Industries - (US) ', ' Elektro-Metall Export GmbH - (Germany) ', ' Honeywell International Inc - (US) ', ' Curtiss-Wright Corporation - (US) ', ' Triumph Group - (US) ', ' Moog, Inc - (US) ', ' Kyntronics - (US) ', ' NOOK Industries, INC - (US) ', ' Safran - (France) ', ' Arkwin Industries, Inc - (US) ', ' Hunt Valve Company - (US) ', ' AMETEK, Inc - (US) ', ' Ultra Motion - (US)

Report ID: SQMIG20A2050 | Region: Global | Published Date: February, 2024
Pages: 270 | Tables: 118 | Figures: 77

Military Actuators Market News

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.
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 Market Report Snapshots

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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).

The 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. ' Curtiss-Wright - (US) ', ' Moog - (US) ', ' Parker Hannifin - (US) ', ' Triumph Group - (US) ', ' Meggitt - (UK) ', ' Venture Mfg. Co - (US) ', ' Kyntronics - (US) ', ' Nook Industries - (US) ', ' Elektro-Metall Export GmbH - (Germany) ', ' Honeywell International Inc - (US) ', ' Curtiss-Wright Corporation - (US) ', ' Triumph Group - (US) ', ' Moog, Inc - (US) ', ' Kyntronics - (US) ', ' NOOK Industries, INC - (US) ', ' Safran - (France) ', ' Arkwin Industries, Inc - (US) ', ' Hunt Valve Company - (US) ', ' AMETEK, Inc - (US) ', ' Ultra Motion - (US) '

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.

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 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.

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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

Military Actuators Market News

Military Actuators Market Report Snapshots

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Who are the key vendors in the Military Actuators Market?

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