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The new report published by The Business Research Company, titled Military Actuators Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the military actuators market size has grown rapidly in recent years. It will grow from $1.48 billion in 2023 to $1.64 billion in 2024 at a compound annual growth rate (CAGR) of 11.0%. The military actuators market size is expected to see rapid growth in the next few years. It will grow to $2.43 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%.

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Growing Military Spending Propels Military Actuators Market
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, according to the April 2022 data released by the Stockholm International Peace Research Institute (SIPRI), a Sweden-based government institute that provides information, analysis, and suggestions regarding armed conflict, military spending, the arms trade, disarmament, and arms control, the worldwide military expenditure increased by 0.7% in real terms in 2021, to reach $2,113 billion. Therefore, the growing military spending will drive the military actuators market.

Precision Motion Control For Military Actuator Market
Major companies in the military actuators market are focusing on developing precision motion controls, such as industrial electromechanical actuators, to drive their revenues in the market. An industrial electromechanical actuator is a device that transforms electrical energy into mechanical movement, commonly used in industrial applications for precision motion control and automation. For instance, in October 2021, Curtiss-Wright, a US-based provider of engineered products and services, launched the Exlar SA-R080 rotary and SA-L080 linear actuator, the first frame size (80 mm) in its industrial electromechanical actuator series. The SA-080 series boasts integral power and control electronics, a rear manual drive for emergency operation, a magnetic absolute encoder, corrosion-resistant epoxy housing, and a high-pressure seal for ingress protection. Tested to MIL-STD-810G, it ensures environmental protection, corrosion resistance, vibration resilience, and dust or sand ingress prevention. With communication protocols such as RS-232 and CANopen, along with SIL 3, Category 3 Safe Torque Off, and versatile control I/O, the SA series is suitable for defense, industrial, and commercial applications requiring precision motion control in harsh environments.

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

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Major companies operating in the military actuators market report are 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

Contents of the report:
1. Executive Summary
2. Military Actuators Market Report Structure
3. Military Actuators Market Trends And Strategies
4. Military Actuators Market - Macro Economic Scenario
5. Military Actuators Market Size And Growth
…..
27. Military Actuators Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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