Report ID: SQMIG20A2050
Report ID:
SQMIG20A2050 |
Region:
Global |
Published Date: February, 2024
Pages:
270
|
Tables:
118 |
Figures:
77
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.
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REQUEST FREE CUSTOMIZATIONMilitary 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).
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Report ID: SQMIG20A2050