What is the Historic and Current Scenario of the Military Actuators Market?
The military actuators market has seen considerable growth due to a variety of factors.
•The size of the military actuators market has seen a significant increase in the past few years. It is projected to expand from $1.61 billion in 2024 to $1.77 billion in 2025, with a compound annual growth rate (CAGR) of 10.3%.
The growth witnessed during the historical period can be traced back to investments in aerospace and defense, progress in weapon systems, the incorporation of automation in military machinery, integration of naval systems, and the broadening of unmanned systems.
What are the Forecasted Growth and Key Factors of the Military Actuators Market?
The military actuators market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are high for the military actuators market to experience substantial growth over the next few years, with projections to reach "$2.63 billion in 2029 at a compound annual growth rate (CAGR) of 10.3%.
This anticipated growth during the forecast period is largely due to factors such as the modernization of defense mechanisms, the proliferation of unmanned systems, heightened cybersecurity concerns, a shift towards intelligent actuators, and advancements in robotics. As we look to the future, we can expect to see continuance of certain trends such as adaptation to harsh environments, rising use of robotics and autonomous systems, a focus on stealth and noise reduction, an increase in reliability and redundancy, and the adoption of smart actuators.
What Main Forces Are Fueling Expansion In The Military Actuators Market?
The expansion of military spending is playing a crucial role in propelling the military actuators market's progression. The term military spending refers to the allocation of resources by the government to facilitate the provision of weapons, soldiers, and equipment for the military. Utilized for motion control, the provision of torque, and the automation of equipment necessary for logistics, weapon operations, and other important military operations, military actuators have become crucial components. The worldwide increase in military expenditure is a primary force driving the military actuators market. To illustrate, the Stockholm International Peace Research Institute (SIPRI), an independent research organization based in Sweden, reported in April 2024 that the total global military expenditure hit $2443 billion in 2023. This marked a 6.8 per cent real-term increase from the previous year. Consequently, it is projected that the ongoing surge in military expenditure will continue to facilitate the growth of the military actuators market.
What Are The Primary Segments In The Global Military Actuators Market?
The military actuators market covered in this report is segmented –
1) By Type: Linear, Rotary
2) By Component: Cylinders, Drives, Servo Valves, Manifolds, Other Components
3) By System: Hydraulic Actuators, Electrical Actuators, Pneumatic Actuators, Electromechanical Actuators, Other Systems
4) By Application: Land, Air, Sea
Subsegments:
1) By Linear Actuators: Electric Linear Actuators, Hydraulic Linear Actuators, Pneumatic Linear Actuators, Mechanical Linear Actuators
2) By Rotary Actuators: Electric Rotary Actuators, Hydraulic Rotary Actuators, Pneumatic Rotary Actuators, Stepper Motors, Servo Motors
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Which Key Trends Are Driving Changes In The Military Actuators Market?
Major corporations in the military actuator sector are directing their efforts to the creation of precision motion controls like industrial electromechanical actuators, as part of their strategy to boost their profits. These units transform electric power into mechanical motion, thereby enabling enhanced movement control and automation in industrial settings. For example, in January 2022, Moog Inc., an American corporation specializing in aviation and aerospace parts, unveiled the DARPA Gremlins initiative. The aim of this project is to engineer and test unmanned aerial vehicles (UAVs) that can be deployed and retrieved while in flight. This program could enhance the military's resources by facilitating the deployment of numerous affordable, reusable UAVs from larger aircraft such as C-130s for tasks involving electronic warfare and reconnaissance. The Gremlins program is intent on proving that it is possible to launch multiple X-61A Gremlins Air Vehicles (GAVs) from a single aircraft and recapture them after the mission. Key objectives are to launch and recover several GAVs swiftly, ideally within half an hour. Moog's system was a vital component in the successful deployment and recapture of GAVs during multiple sorties, accumulating a total of 6.7 hours of flight, which included a noteworthy 1.4-hour mid-air retrieval operation.
Who Are the Key Players in the Military Actuators Market?
Major companies operating in the military actuators market include:
• Curtiss-Wright Corporation
• Triumph Group Inc.
• Moog Inc.
• Meggitt plc
• Venture Manufacturing Company
• Parker Hannifin Corporation
• Kyntronics Inc.
• Nook Industries Inc.
• AMETEK Inc.
• Ultra Motion
• Elektro-Metall Export GmbH
• Honeywell International Inc.
• Safran S.A.
• Arkwin Industries Inc.
• Hunt Valve Company
• Raytheon Technologies Corporation
• Creative Motion Control
• AUMA Riester GmbH & Co. KG
• Liebherr-International Deutschland GmbH
• Cobham Limited
• Woodward Inc.
• Danaher Motion
• Eaton Corporation plc
• ElectroCraft Inc.
• GE Aviation
• General Dynamics Corporation
• HITTICO Lincoln
• ITT Enidine Inc.
• Kollmorgen Corporation
• Lord Corporation
• MTS Systems Corporation
• Nidec Corporation
What Is The Most Dominant Region In The Military Actuators Market?
North America was the largest region in the military actuators market in 2024. The regions covered in the military actuators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
