According to the new research report "Military Actuators Market by Application (Air, Land, Naval), System (Electrical, Hydraulic, Pneumatic, Mechanical), Component (Cylinders, Drives, Servo Valves, Manifolds), Type (Linear, Rotary), and Region - Global Forecast to 2024", The military actuators market is expected to grow from USD 1.1 billion in 2019 to USD 1.4 billion by 2024, at a CAGR of 5.79% during the forecast period. Ongoing military automation across the globe and increasing demand for electrical actuators from the aerospace & defense industry are expected to be the major factors driving the market.
Browse 117 market data Tables and 43 Figures spread through 165 Pages and in-depth TOC on "Military Actuators Market by Application (Air, Land, Naval), System (Electrical, Hydraulic, Pneumatic, Mechanical), Component (Cylinders, Drives, Servo Valves, Manifolds), Type (Linear, Rotary), and Region - Global Forecast to 2024"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/military-actuator-market-11960311.html
The hydraulic actuators system segment is expected to grow at the highest CAGR during the forecast period.
By system, the military actuators market is segmented into hydraulic, electrical, pneumatic, and mechanical. Among these, the hydraulic actuators segment is expected to be the fastest-growing segment during the forecast period. Hydraulic actuators are widely used in the aerospace & defense sector. They are extensively used in different parts of aircraft. Hydraulic actuators are rarely used in the marine industry due to the possible issues of leakage of fuels. In some applications, these actuators involve additional maintenance costs due to increased oil consumption by them resulting from leakage issues.
The linear actuators segment is expected to be the fastest-growing type segment during the forecast period.
By type, the military actuators market is segmented into linear actuator, rotary actuator, multi-axis positioning actuators, and semi-rotary actuators. Among these, the linear actuators segment is expected to be the fastest-growing segment during the forecast period. Linear actuators are primarily used in the aerospace & defense applications as they help in enhancing the operational efficiency of weapons. These actuators comprise ball or lead screws, belts, and voice coils, among others.
North America is expected to lead the market for military actuators during the forecast period.
North America is estimated to account for the largest share of the military actuators market in 2019. This region is highly fragmented with a large number of manufacturers of military actuators, namely, Honeywell (US), Parker Hannifin (US), and Moog (US), among others. Increased use of linear actuators in various defense applications in the North American region is expected to contribute their rising demand in the near future, thereby driving the military actuators market in the region.
Major vendors in the military actuators market are Curtiss-Wright (US), Moog (US), Parker Hannifin (US), Honeywell (US), Triumph Group (US), Meggitt (UK), Venture Mfg. Co (US), Kyntronics (US), and Nook Industries (US).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.SEND ME A FREE SAMPLE