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Military Actuators Market on Track for Strong Growth, Estimated to Grow at 10.3% CAGR Through 2029
Military Actuators Market
What Is the Expected CAGR for the Military Actuators Market Through 2025?
The market size for military actuators has seen significant expansion in the last few years. The forecast suggests that it will increase from $1.61 billion in 2024 to $1.77 billion in 2025, maintaining a compound annual growth rate (CAGR) of 10.3%. This substantial growth during the historic period is due to factors such as investments in aerospace and defense, advancements in weapon systems, the incorporation of automation in military machinery, the integration of naval systems, and the expansion of unmanned systems.
What's the Projected Size of the Global Military Actuators Market by 2029?
The size of the military actuators market is predicted to experience substantial growth in the coming years, with an estimated increase to "$2.63 billion by 2029, reflecting a compound annual growth rate (CAGR) of 10.3%. This expansion over the forecast period is mainly due to the modernization of defense systems, the surge in unmanned systems, the escalation in cybersecurity worries, the trend toward intelligent actuators, and advances in robotics. Critical trends over the forecast period encompass adapting to extreme conditions, the surge in robotics and autonomous systems, focus on stealth and minimal noise, heightened reliability and redundancy, and the adoption of smart actuators.
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Top Growth Drivers in the Military Actuators Industry: What's Accelerating the Market?
The military actuators market's growth is significantly propelled by increasing military expenditure. This refers to the funds allocated by a government for the procurement of weapons, logistics, and personnel for its defense forces. These military actuators are extensively utilized in enabling motion control, providing torque, automating equipment for logistical transport, weapon operation, among other pivotal military necessities. The escalating military expenses by different countries worldwide act as a major propellant for the military actuators market. For example, as per the Stockholm International Peace Research Institute (SIPRI), an independent international research organization based in Sweden, the total global military spending escalated to $2443 billion in 2023, marking a real-terms rise of 6.8 per cent from 2022. Thus, the rising military expenditure is set to fuel the military actuators market.
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What Trends Will Shape the Military Actuators Market Through 2029 and Beyond?
Precision motion control development is gaining traction in the military actuators market. In January 2022, US-based Moog Inc. played a key role in the DARPA Gremlins program, enabling airborne launch and recovery of reusable UAVs from C-130 aircraft. The effort achieved multiple successful launches and recoveries, totaling 6.7 flight hours.
What Are the Main Segments in the 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 Top Companies are Driving Growth 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 Regions Will Dominate the Military Actuators Market Through 2029?
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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