Mar 12, 2019   SOURCE: BusinessWire

Global $1.4Bn Military Actuators Market by Application, System, Component, Type and Region - Forecast to 2024 - ResearchAndMarkets.com

The "Military Actuators Market by Application (Air, Land, Naval), System (Electrical, Hydraulic, Pneumatic, Mechanical), Component (Cylinders, Drives, Servo Valves, Manifolds), Type (Linear, Rotary), and Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The military actuators market size is expected to grow from USD 1.1 billion in 2019 to USD 1.4 billion by 2024, at a CAGR of 5.79% during the forecast period.

Military automation is the latest trend in the global defense industry. Most countries across the globe have started adopting military automation to enhance their combat capabilities. This has led to an increased demand for military actuators, worldwide. The development of new and advanced electrical actuators with improved permanent magnet materials has led to their increased robustness and efficiency.

Light tactical vehicle (by platform) in land segment is expected to grow at the highest CAGR during the forecast period

The light tactical vehicle segment is expected to be the fastest-growing land application segment during the forecast period. Increasing instances of cross-border terrorist attacks have resulted in an increased demand for light tactical vehicles for carrying out patrolling and reconnaissance activities. This, in turn, is expected to contribute to the rise in demand for military actuators used in these systems.

Fighter aircraft (by platform) in air segment is expected to lead the market for military actuators during the forecast period

Fighter aircraft is expected to be the largest air application segment during the forecast period. The global demand for fighter aircraft is projected to grow rapidly in the coming years. The delivery of the Gripen aircraft is also expected to increase by 2019. Thus, increased demand for fighter aircraft across the globe is expected to contribute to the rise in demand for military actuators used in them.

The Asia Pacific military actuators market is expected to grow at the highest growth rate during the forecast period

The military actuators market in the Asia Pacific region is projected to grow at the highest CAGR market during the forecast period, due to an increase in the number of military aircraft deliveries in the region. This is expected to lead to rising demand for military actuators in the region, thereby fueling the growth of the Asia Pacific military actuators market. Moreover, increased demand for mini electrical actuators for use in advanced driver assistance and aircraft sensors is also expected to fuel the growth of the military actuators market in the country

The military actuators market comprises major solution providers, such as Curtiss-Wright (US), Moog (US), Parker Hannifin (US), Honeywell (US), Triumph Group (US), Meggitt (UK), Venture Mfg. Co (US), Kyntronics (US), and Nook Industries (US).

Topics Covered

1 Introduction

1.1 Objectives of the Study

1.2 Definition

1.3 Study Scope

1.4 Currency

1.5 Limitations

1.6 Stakeholders

2 Research Methodology

2.1 Research Data

2.2 Research Approach & Methodology

2.3 Triangulation & Validation

2.4 Market Breakdown and Data Triangulation

2.5 Research Assumptions

2.6 Risks

2.7 Others

3 Executive Summary

4 Premium Insights

4.1 Attractive Opportunities in Military Actuators Market From 2019 to 2024

4.2 Military Actuators Market, By Component

4.3 Military Actuators Market, By System

4.4 Military Actuators Market, By Country

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.1.1 Ongoing Military Automation Across the Globe

5.2.1.2 Increasing Demand for Electrical Actuators from the Aerospace & Defense Industry

5.2.2 Opportunities

5.2.2.1 Development of Miniaturized Military Actuators

5.2.2.2 Use of Advanced Military Actuators in Different Applications

5.2.3 Challenges

5.2.3.1 Formulation and Stringent Implementation of Various Regulatory Norms

5.2.3.2 Issues Related to Power Consumption, Noise and Leakage

5.2.3.3 High Overhaul and Maintenance Cost of Military Actuators

6 Industry Trends

6.1 Introduction

6.2 Technology Trends

6.3 Regulatory Landscape

6.4 Patent Listings, 2014-2015

7 Military Actuators Market, By Application

7.1 Introduction

7.2 Land

7.3 Air

7.4 Naval

8 Military Actuators Market, By Component

8.1 Introduction

8.2 Cylinders

8.3 Drives

8.4 Servo Valves

8.5 Manifolds

8.6 Others

9 Military Actuators Market, By System

9.1 Introduction

9.2 Hydraulic Actuators

9.3 Electrical Actuators

9.4 Pneumatic Actuators

9.5 Mechanical Actuators

9.6 Other Actuators

10 Military Actuators Market, By Type

10.1 Introduction

10.2 Linear Actuators

10.3 Rotary Actuators

10.4 Multi-Axis Positioning Actuators

10.5 Semi-Rotary Actuators

11 Regional Analysis

11.1 Introduction

11.2 North America

11.3 Europe

11.4 Asia Pacific

11.5 Rest of the World

12 Competitive Landscape

12.1 Introduction

12.2 OEM Competitive Leadership Mapping

12.3 Start-Ups Competitive Leadership Mapping

12.4 Ranking of Key Players, 2018

12.5 Competitive Scenario

13 Company Profiles

13.1 Curtiss-Wright

13.2 Triumph Group

13.3 Moog

13.4 Meggitt

13.5 Venture Mfg. Co.

13.6 Parker Hannifin

13.7 Kyntronics

13.8 Nook Industries

13.9 AMETEK

13.10 Ultra Motion

13.11 EME EleKTro-Metall

13.12 Whippany Actuation Systems

13.13 Beaver Aerospace & Defense

13.14 Arkwin Industries

13.15 Hunt Valve

13.16 Temis SRL

13.17 Honeywell

13.18 Safran

13.19 Woodward

13.20 Innovators

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