Military Actuators Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2020-2027

Published Date : Dec 2020 | No. of Pages : 250 Pages | Category : Chemical and Material

The global Military Actuators market size is expected to be worth around US$ 1.6 billion by 2027, according to a new report by Vision Research Reports.

The global Military Actuators market size was valued at US$ 1.0 billion in 2019 and is anticipated to grow at a CAGR of 5.1% during forecast period 2020 to 2027.

Growth Factors

The development of advanced weapons, increasing demand for electric and electromagnetic actuators from the aerospace and defense industry, and the rise in homeland security concerns are some of the major factors driving the market.

Military actuators play a crucial role in the military and defense sector. They are used in motion control to monitor velocity and speed. The use of actuators in the military and defense industries helps to reduce energy consumption. The actuators are installed to enhance the fighting capabilities, which is expected to favor the market growth over the period of time.

Increasing demand for commercial and military aircraft propels the demand for military actuators. The rise in demand for protection applications in marine and aircraft is contributing to market growth. In addition, technological advancement and innovation in ballistic protection are favoring market growth.

Report Highlights

The global market can be segmented based on component into cylinders, drives, servo valves, manifolds, and others. Servo valves dominated the market with a share of 27.5% in 2019. Components are crucial parts of every actuator as they offer desired characteristics to a product. The need for a specific component in the actuators depends on its use in specific applications for motion control and precision. The components used by the manufacturer may differ based on requirements and the area of application. The rise in the use of direction control valves and electrically modulated valves fuel the growth of servo valves.

Cylinders are projected to witness significant growth in the forecast period owing to their use for storing, transporting, and dispensing gases in defense and military vehicles. Demand for drives is projected to be moderate throughout the forecast period because of their increased use to control the motor speed to reduce shock hazards.

The global market is segmented based on the system into hydraulic, electric, pneumatic, electromechanical, electrohydraulic, and others. The hydraulic actuators segment dominated the market with a share of 24.4% in 2019. Hydraulic actuators are powered by hydraulic fluids and are most suitable in armor plate and gun positioning applications. Hydraulic systems are projected to be a market leader in the aerospace and defense industry on account of their high power density and low cost. However, issues with their weight, high maintenance, and leakage may hamper the segment growth over the forecast period.

The electrical actuator systems are replacing hydraulic systems. The electrical actuators are anticipated to expand at the fastest CAGR of 5.7% from 2020 to 2027 owing to their improved performance, low maintenance cost, improved security, and lightweight. Electrical actuator systems are widely used in flight control systems, thus witnessing increased demand from the aviation sector.

The type segment is bifurcated into rotary actuators, linear actuators, multi-axis positioning actuators, and semi-rotary actuators. The rotary actuator type segment held the largest share of 32.4% in 2019. Rotary actuators are traditionally being used in valves and gates and precision control applications in the aviation and defense industries.

The linear actuator type is projected to expand at the fastest CAGR of 5.5% from 2020 to 2027. Linear actuator transforms rotary motion to linear one and controls linear motion. Screw-driven,belt-driven, and rod-driven linear actuators are widely used in various military applications. Screw-driven types are used in servo motors and control hardware.

The global market can be segmented based on application into air, land, and naval applications. The land application segment dominated the market with a share of 37.0% in 2019 and is expected to maintain its lead over the forecast period. This is attributed to the demand for advanced protection equipment, rising homeland security concerns, and government initiatives that have fueled the demand for military actuators.

North America accounted for the largest share of 33.6% in 2019 owing to the rising demand for advanced protection solutions in the defense and military sector. The U.S., being the top military spender in the world, is occupied with the most advanced and large number of defense equipment, thus contributing significantly to the growth of the market in North America.

Asia Pacific is projected to expand at the fastest CAGR of 6.0% from 2020 to 2027 owing to the prominence of China, India, and other Asian countries. Internal conflicts, homeland security issues, and on-border tensions between neighboring countries, like India-Pakistan, are some of the major factors fueling market growth.

Key Players

  • Curtiss-Wright

  • Moog Inc.

  • Parker Hannifin

  • Triumph Group

  • Nook Industries

  • AMETEK

  • Ultra Motion

  • EME EleKTro-Metall

  • Whippany Actuation Systems

  • Beaver Aerospace & Defense

  • Arkwin Industries

  • Temis SRL

  • Honeywell International Inc.

  • Safran

  • Woodward Inc.

  • Kyntronics

Market Segmentation

  • Component Outlook 

    • Cylinders

    • Drives

    • Servo Valves

    • Manifolds

    • Others

  • System Outlook 

    • Hydraulic Actuators

    • Electrical Actuators

    • Pneumatic Actuators

    • Electro-Mechanical Actuators

    • Electrohydraulic Actuators

    • Others

  • Type Outlook 

    • Linear Actuators

    • Rotary Actuators

    • Multi-axis Positioning Actuators

    • Semi-rotary Actuators

  • Application Outlook 

    • Air

    • Land

    • Naval

  • Air Application By Platform Outlook

    • Fighter Aircraft

    • Helicopters

  • Air Application By Actuators Outlook 

    • Flight Controls

    • Engine Controls

    • Active Vibration Controls

    • Weapon Bay Door Drives

    • Utility Actuation

  • Land Application By Platform Outlook 

    • Tanks

    • Armored  Vehicles

    • Land-based Missiles

    • Others

  • Land Application By Actuators Outlook

    • Military Ground Vehicles Actuators

    • Electromechanical Gun Elevation Actuators

    • Elevation Actuators

    • Gun and Turret Drive Actuators

    • Traverse Actuators

    • Electromechanical Gun/Turret Drive Actuators

  • Naval Application By Platform Outlook

    • Frigates

    • Destroyers

    • Corvettes

    • Offshore Patrol Vehicles

  • Naval Application By Actuators Outlook

    • Linear Actuator for Weapons Robots

    • Naval Rotary Hinge Actuators

    • Others

  • Regional Outlook

    • North America

      • The U.S.

      • Canada

      • Mexico

    • Europe

      • The U.K.

      • Germany

      • France

      • Russia

    • Asia Pacific

      • China

      • Japan

      • India

      • South Korea

    • Central & South America (CSA)

      • Brazil

    • Middle East & Africa (MEA)

      • Saudi Arabia

      • United Arab Emirates

      • South Africa

The Military Actuators market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Military Actuators market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Military Actuators market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Military Actuators market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Military Actuators market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Military Actuators capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Military Actuators by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Military Actuators market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Military Actuators market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Military Actuators market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Military Actuators industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Military Actuators market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Military Actuators market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Military Actuators market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Military Actuators market. These factors have benefited the growth of the global market for Military Actuators. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Military Actuators. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Military Actuators are as follows:

  • Historic Year: 2016-2019
  • Base Year: 2020
  • Forecast Year 2020 to 2027

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2016-2019) and forecast (2020-2027);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

Featured Research Reports

  • Featured Research Reports

    Aromatherapy Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030

    Read more...
  • Featured Research Reports

    Polypropylene Compounds Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030

    Read more...
  • Featured Research Reports

    Turkey Automotive Plastic Compounding Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030

    Read more...
  • Featured Research Reports

    Expanded Polypropylene Foam Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030

    Read more...
  • Featured Research Reports

    Automotive Plastics Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030

    Read more...