The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

 

The Business Research Company’s Military Actuators Global Market Report 2024 offers crucial insights into the military actuators market help businesses analyse and build stronger strategies.

 

The military actuators market has seen significant growth in recent years, with strong future prospects. This blog explores the key drivers, current trends, and future projections shaping the market.

 

Market Size and Growth Rates

The military actuators market has grown rapidly and continues to expand. In 2023, the market size was valued at $1.48 billion and is projected to grow to $1.64 billion in 2024, reflecting a compound annual growth rate (CAGR) of 11.0%.

 

Historic Growth Drivers

• Aerospace and Defense Investments: Increased funding and investments in these sectors have propelled market growth.
• Advancements in Weapon Systems: Technological improvements in weapon systems have driven the demand for advanced actuators.
• Automation in Military Machinery: Growing automation in military machinery has increased the need for precise motion control.
• Naval Systems Integration: Enhanced integration of actuators in naval systems has contributed to market expansion.
• Expansion of Unmanned Systems: Rising use of unmanned aerial and ground vehicles has boosted the demand for military actuators.

 

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Future Market Growth Projections

The military actuators market is expected to continue its rapid growth, reaching $2.43 billion by 2028, with a CAGR of 10.4%.

 

Future Growth Drivers

• Modernization of Defense Systems: Ongoing modernization efforts in defense systems will drive market growth.
• Increase in Unmanned Systems: The proliferation of unmanned systems in military applications will further boost demand.
• Rise in Cybersecurity Concerns: Enhanced cybersecurity measures in military equipment will necessitate advanced actuators.
• Shift Towards Smart Actuators: Growing adoption of smart actuators for improved performance and reliability.
• Advancements in Robotics: Technological advancements in robotics will drive the need for sophisticated actuators.

 

Key Trends in the Forecast Period

• Adaptation to Harsh Environments: Actuators designed to withstand extreme conditions will see increased demand.
• Rise in Robotics and Autonomous Systems: Greater emphasis on robotics and autonomous systems in military applications.
• Emphasis on Stealth and Low Noise: Development of actuators with low noise and enhanced stealth capabilities.
• Increased Reliability and Redundancy: Focus on actuators with higher reliability and redundancy for critical missions.
• Adoption of Smart Actuators: Integration of smart technologies in actuators for better performance and control.

 

Growing Military Spending Propels Military Actuators Market

The increasing military spending worldwide is a significant driver for the military actuators market.

• Global Military Expenditure: According to the Stockholm International Peace Research Institute (SIPRI), global military expenditure reached $2,113 billion in 2021, an increase of 0.7% in real terms from 2020.
• Application in Military Sector: Actuators are crucial for motion control, torque provision, and equipment automation in various military applications, from logistics to weapon operations.

 

Precision Motion Control for Military Actuators Market

Major companies are focusing on developing precision motion controls to enhance their market position.

• Curtiss-Wright’s New Actuators: In October 2021, Curtiss-Wright launched the Exlar SA-R080 rotary and SA-L080 linear actuators, designed for precision motion control in harsh environments. These actuators feature advanced technologies, such as magnetic absolute encoders and corrosion-resistant epoxy housing, suitable for defense and industrial applications.

 

Strategic Acquisitions and Market Expansion

Strategic acquisitions are essential for companies to expand their capabilities and market reach.

• Fairbanks Morse Defense’s Acquisition: In September 2021, Fairbanks Morse Defense acquired Hunt Valve Company Inc., enhancing its naval engines capabilities and expanding its service options for defense and industrial clients.

 

Market Segmentation

The military actuators market is segmented into various categories:

• By Type: Linear, Rotary
• By Component: Cylinders, Drives, Servo Valves, Manifolds, Other Components
• By System: Hydraulic Actuators, Electrical Actuators, Pneumatic Actuators, Electromechanical Actuators, Other Systems
• By Application: Land, Air, Sea

 

Regional Insights

• North America: The largest region in the military actuators market in 2023.
• Asia-Pacific: Expected to be the fastest-growing region during the forecast period, driven by increasing defense investments and technological advancements.

 

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The Military Actuators Global Market Report 2024  provides a comprehensive outlook of the military actuators market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The military actuators market forecast offers a thorough analysis on military actuators market size, military actuators market share, prominent players and their strategies.

 

The Table Of Content For The Military Actuators Market Include:
1. Military Actuators Market Executive Summary
2. Military Actuators Market Segments
3. Military Actuators Market Size And Military Actuators Market Growth Rate
4. Key Military Actuators Market Trends
5. Major Military Actuators Market Drivers
……
25. Key Mergers And Acquisitions In The Military Actuators Market
26. Top Military Actuators Companies
27. Military Actuators Market Opportunities And Strategies
28. Military Actuators Market, Conclusions And Recommendations
29. Appendix

 

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