Military Ground Vehicle Actuators Market 2021 to Witness Huge Growth by 2025 | Key Players: Moog Inc., Nook Industries Inc., Curtiss-Wright Corporation, AMETEK Inc., Kyntronics, etc.
The military ground vehicle actuators market is expected to exhibit a growth rate of more than 3% during the forecast period.
The report is updated with the impact of the currently ongoing COVID-19 pandemic. The pandemic has dynamically affected key market segments and changed the growth pattern and demands in the Military Ground Vehicle Actuators market. The report covers an in-depth analysis of these changes and provides an accurate estimate of the market growth forecast after the impact of the pandemic.
The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Military Ground Vehicle Actuators Market: Moog Inc., Nook Industries Inc., Curtiss-Wright Corporation, AMETEK Inc., Kyntronics, etc.
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Key Market Trends
Electric Actuators To Exhibit The Highest Growth Rate During the Forecast Period
The growing trend of electrification and autonomy in military vehicles is driving the market growth for electric actuators. Electric actuators minimize the loss of energy and when used in combination with pneumatic and hydraulic actuators, produce high electromechanical power, robust performance with higher efficiency. Electrical linear actuators are being used in military vehicles for applications such as motion control, utility actuation, suspension, auto hitch, etc. owing to their capability to perform under loads of 50000N and above. Due to the high focus on autonomy, piezoelectric actuators have become one of the most advanced devices for actuation in computers and devices installed in military vehicles. Electric actuators are also easy to maintain, have a low cost of assembling and high thermal stability. The advanced lightweight gun systems on modern combat vehicles are using electrical systems for linkless ammunition feeding, speed firing mechanisms, etc. The constant innovation in the design of electromechanical actuators is also increasing the survivability of armored vehicle systems. Technological innovations such as multi-functionality that enables rotary as well as linear actuation from a single device to work in tandem, is producing cost efficiency and reduction in weight and size of systems. The aforementioned factors are propelling the market growth of Electric Actuators for military ground vehicles.
North America To Exhibit The Highest Growth Rate During The Forecast Period
North America consists of countries such as the United States that has the biggest military budget in the world. A significant portion of military spending is directed towards the development of highly advanced and autonomous ground vehicle systems. Advancements in technologies such as IoT, Artificial Intelligence, Robotics, etc. are propelling the growth of intelligent ground vehicle systems in the region. The United States is currently working on several autonomous vehicle system technologies. In 2019 Ground Vehicle Systems Center developed a standard set of hardware and software that can enable remote control in armored vehicles. United States is focusing on Optionally Manned Fighting Vehicles that are a potential replacement for M2 Bradley IFV (Infantry Fighting Vehicles). In 2020, the United States Army is expected to conduct live-fire tests of M113 Armored Personnel Carrier based Robotic Combat Vehicles. The growing advancement in ammunition technology, design, and material is leading to increased adoption of armored vehicles remote weapon stations. The aforementioned factors and instances are propelling the market growth for military ground vehicle actuators.
For a comprehensive understanding of market dynamics, the global Military Ground Vehicle Actuators market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India, and others. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.
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Influence of the Military Ground Vehicle Actuators market report:
-Comprehensive assessment of all opportunities and risks in the Military Ground Vehicle Actuators market.
–Military Ground Vehicle Actuators market recent innovations and major events.
-Detailed study of business strategies for growth of the Military Ground Vehicle Actuators market-leading players.
-Conclusive study about the growth plot of Military Ground Vehicle Actuators market for forthcoming years.
-In-depth understanding of Military Ground Vehicle Actuators market-particular drivers, constraints, and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the Military Ground Vehicle Actuators market.
What are the market factors that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: The Global Military Ground Vehicle Actuators Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
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