The Business Research Company’s report on the Military Actuators Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the military actuators market further?
The growing military spending is significantly contributing to the growth of the military actuators market going forward. Military spending refers to money spent by a government to provide weapons, equipment, and soldiers to its military. Military actuators are used to provide motion control provision of torque, and equipment automation for logistics to transport, weapon operation, and other crucial applications in the military sector. The growing military spending of various countries around the world is a key driver of the military actuators market. For instance, in April 2024, according to the Stockholm International Peace Research Institute (SIPRI), a Sweden-based independent international research organization, total global military expenditure reached $2443 billion in 2023, an increase of 6.8 per cent in real terms from 2022. Therefore, the growing military spending will drive the military actuators market.
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What are the key factors influencing the forecasted market size of the military actuators industry?
The military actuators market size has grown rapidly in recent years. It will grow from$1.61 billion in 2024 to $1.77 billion in 2025 at a compound annual growth rate (CAGR) of 10.3%. The growth in the historic period can be attributed to aerospace and defense investments, advancements in weapon systems, automation in military machinery, naval systems integration, expansion of unmanned systems
The military actuators market size is expected to see rapid growth in the next few years. It will grow to “$2.63 billion in 2029 at a compound annual growth rate (CAGR) of 10.3%. The growth in the forecast period can be attributed to modernization of defense systems, increase in unmanned systems, rise in cybersecurity concerns, shift towards smart actuators, advancements in robotics. Major trends in the forecast period include adaptation to harsh environments, rise in robotics and autonomous systems, emphasis on stealth and low noise, increased reliability and redundancy, adoption of smart actuators.
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Who are the leading competitors 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
Which emerging trends are set to transform the military actuators market landscape?
Major companies in the military actuators market are focusing on developing precision motion controls, such as industrial electromechanical actuators, to drive revenue growth. These devices convert electrical energy into mechanical movement, facilitating precision motion control and automation in industrial applications. For instance, in January 2022, Moog Inc., a US-based aviation and aerospace component manufacturer, launched the DARPA Gremlins program, which aims to develop and demonstrate unmanned aerial vehicles (UAVs) that can be launched and recovered in mid-air. This initiative seeks to enhance military capabilities by enabling the deployment of swarms of low-cost, reusable drones from larger aircraft, such as C-130s, for electronic warfare and reconnaissance missions. The Gremlins program aims to demonstrate the feasibility of launching multiple X-61A Gremlins Air Vehicles (GAVs) from a host aircraft and recovering them after mission completion. Key goals include demonstrating the ability to launch and recover multiple GAVs within a short timeframe, ideally within 30 minutes. Moog’s systems played a crucial role in successfully launching and retrieving GAVs across several sorties, accumulating a total of 6.7 flight hours, including a notable 1.4-hour airborne recovery mission.
How do different geographies compare in terms of market share and growth potential 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
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Which major segments of the military actuators market are experiencing the fastest growth?
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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How is the military actuators market defined, and what are its core characteristics?
Military actuator refers to actuators that are used in military machines and equipment to achieve automation and movement. An actuator is a component of a machine or system that aids in generating mechanical force by converting energy, frequently electrical, air, or hydraulic energy.
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