Military Actuator Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027- High demand in Automated and Safe controllers along with rising investments is a key driving factor for the growth of Military Actuator Market.
Military Actuator Market is valued at USD 0.99 Billion in 2017 and expected to reach USD 1.73 Billion by 2027 with a CAGR of 5.79% over the forecast period.
An Actuator or Mover is a component used for controlling or moving a system. It converts the energy from electrical, hydraulic or pneumatic into the mechanical force. The nature and quantity of input depends on the kind of energy to be converted for example electric actuators work on electric current as an input, hydraulic actuators consists of liquid as input and the output from these movers are always mechanical energy. For any country or government, the Defense and Military Industry are at top interest and any negligence results to huge loss and actuators have played significant role in various applications in this field. Therefore some of the important performance metrics to be considered for actuators are speed, force, durability, operating conditions and energy efficiency. Top countries and governments have high expenditure on defense companies as in year 2019, Aerospace & Defense (A&D) industry began with the strong growth and defense budgets are continuously rising.
The COVID-19 pandemic has negatively affected the various industries, but few has experienced the sudden growth due to the increasing demand of essential products or services. The defense industry is not impacted directly as it is protected by the government finances. Governments are facing issues like ability to maintain military equipments and readiness and some Defense industries are facing financial challenges, but to lesser extent than consumer companies. This is due to the existing controls and regulations and supply chains of government defense industries are less vulnerable than commercial producers.
Global Military Actuator Market report is segmented on the basis of Type of Actuators, Military Field, Actuator Motion and Region & country level. Based upon type, Global Military Actuator market is classified into Pneumatic, Hydraulic, Electric, Mechanical, Thermal and Magnetic. The market is classified on the basis of Military field is Air force, Ground Force and Marine Force. On the basis of Actuator motion it is classified as Linear and Rotary Motion.
By Actuator Type:
By Military Field:
By Actuator Motion:
The regions covered in this Global Military Actuator Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of Military Actuator is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia, Africa, etc.
Some major key players for Global Military Actuator Market are Progressive Automations, Tolomatic, Venture Mfg. Co., Moog, Collins Aerospace, Harmonic Drive LLC, Hitec Commercial Solutions, Aero Space Controls Corp and others.
News: Aussie Hydraulic Actuator Centre of Excellence Upgraded by RAUG
January 23, 2021; Manufacturing facilities at Hydraulic Actuator Centre of Excellence got upgraded by RAUG Australia in Bayswater, Australia location. This upgradation aims to improve productivity, less lead times and efficient response to customer needs. This is in support to Royal Australian Air Force’s F-35 Joint Strike Fighters.
Subsea Valve Actuator Certified for Safety Integrity
November 4, 2020; Bosch Rexroth introduced new concept of Subsea Valve Actuators (SVA), which was certified by DNV GL for safety system applications with safety integrity level 3 requirements. The SVA consist of hydrostatic transmission with electrically controlled drive and can work at depth of 3000 meters or deeper with self-contained opening and closing process.
The major factors driving the growth of global Military Actuator market owing to high demand for Automated and Safe controllers. The Actuators plays an important role in Military Industry as it provides significant benefits while using automated vehicles or aircrafts. For example, armed vehicles like tanks use actuators for elevation purposes, in marine vehicles naval vessels consists of actuators used to change direction and in automated aircrafts takeoff and safe landing system has actuators. Other significant applications of Military Actuators are gun positioning, brake control, door automation, vibration control and more. Moreover, increasing investment and constant development of in technology in also expected to fuel the market growth. However, high purchase & maintenance cost, stringent implementation of regulatory policies along with power consumption issues are likely to hamper the growth Military Actuator Market. On the other hand, innovation, miniaturization and constant upgrade in technology are likely to create ample opportunities in the military actuators market over the forecast period.
North America is expected to dominate the Global Military Actuator Market within the forecast period attributed to high number of Actuators manufacturers in this region. As The U.S. has the strongest military in the world, it has significant number of Defense companies which have been profiting by military spending. For example, Lockheed Martin Corp made around $44.9 billion in arms and defense contracts in 2017 and then in 2018, company was awarded contract worth $22.7 billion for 106 F-35 fighter jets for the U.S. military. Europe is expected to be the second largest market for military actuators owing to the increasing investment in military & defense sector as well as rapid advancement in technology. Asia Pacific is expected to show significant growth owing to the increasing on border tensions as well as security issues. Furthermore, surge in R&D activities and government spending followed by international collaborations is also expected to augment the market growth.
|Historical data||2015 - 2020|
|Forecast Period||2021 - 2027|
|Market Size in 2020:||USD 0.99 Billion|
|Base year considered||2020|
|Forecast Period CAGR %:||
|Market Size Expected in 2027:||USD 1.73 Billion|
|Tables, Charts & Figures:||175|
|Key Players/Companies||Progressive Automations, Tolomatic, Venture Mfg. Co., Moog, Collins Aerospace, Harmonic Drive LLC, Hitec Commercial Solutions, Aero Space Controls Corp and others|
|Segments Covered||By Actuator Type, By Military Field, By Actuator Motion|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|