Military Actuators Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.14 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Military Actuators Market Analysis
The military actuators market is projected to register a CAGR of 3.14% during the forecast period (2023-2028).
The market of military actuators was slightly affected due to the impact of the COVID-19 pandemic as the deliveries of aircraft decreased in 2020. However, as the global economy recovered in 2021 and manufacturing facilities began operating at production rates similar to the pre-COVID levels, the demand for military actuators is expected to witness positive growth during the forecast period.
The gradually growing military spending of various countries in the world due to geopolitical issues and border tensions is propelling the procurement of new military equipment such as armored vehicles, aircraft, and naval vessels to strengthen their military capabilities. Such procurements are driving the growth of the military actuators market during the forecast period.
The companies and armed forces are collaborating on introducing advanced manufacturing technologies like 3D printing into the defense industry. The 3D printed technology is anticipated to allow the companies to manufacture the actuators into a single structure, which will reduce their overall weight. The introduction of such technologies is anticipated to accelerate the growth of the market in the coming years.
The growing emphasis on the development of local defense manufacturing facilities in the Asia-Pacific and Middle-East and Africa is allowing the actuator manufacturing companies to shift their focus towards these regions to enhance their sales in the coming years.
Military Actuators Market Trends
This section covers the major market trends shaping the Military Actuators Market according to our research experts:
The Land Segment is Anticipated to Witness Highest Growth During the Forecast Period
Countries worldwide have been increasing their defense spending every year and investing in improving their defense capabilities. Countries having tensions with neighboring nations have been spending more on various ground vehicles along with other military systems. In June 2022, the Defense Acquisition Program Administration (DAPA) of South Korea signed a deal with Hyundai Rotem to acquire an unspecified number of wheeled command post vehicles (CPVs). This deal is worth USD 44.7 million, and the CPVs will be delivered in 2023 to battalions and higher-level units in the Republic of Korea Army (RoKA) and the Republic of Korea Marine Corps (RoKMC). The demand for unmanned ground vehicles has also increased as countries procure them for different missions. With the increase in demand, new models of unmanned ground vehicles are being manufactured. In December 2022, Indian Army procured Tracked Hybrid Modular Infantry System (THeMIS) unmanned ground vehicle (UGV) made by Milrem Robotics from Estonia. In November 2022, Hanwha Aerospace successfully demonstrated the capabilities of Arion-SMET, the company's new multi-purpose unmanned ground vehicle (UGV). The demonstration took place at a United States Army Garisson in South Korea. Unmanned systems in the military have become more popular these days because of the benefits they provide. These unmanned systems demand will increase the actuators market growth. For instance, in January 2023, Leidos segment Dynetics awarded Curtiss-Wright a contract to support the United States Army's future missile capabilities. Curtiss-Wright will develop electromechanical actuators integrated into the first 16 Dynetics-built Enduring Shield ground-based launcher systems. With the increase in procurement and development of ground vehicles, the land segment of the market will witness more growth than the sea and air segments during the forecast period.
North America is Likely to Witness the Highest CAGR During the Forecast Period
North America is expected to witness the highest growth during the forecast period due to increasing investments in terms of defense capabilities through the procurement of advanced weapons, armored vehicles, fighter jets, and military equipment which creates the demand for linear and rotary military actuators.
The United States is the highest defense spender in the world, with a defense budget of USD 801 billion in 2021. The country is highly investing in enhancing its defense capabilities by procuring advanced weapons, armored vehicles, fighter jets, and military equipment that creates demand for linear and rotary military actuators. Rising procurement of advanced defense systems from the United States Department of Defense (DoD) drives the market's growth across the country. For instance, in February 2023, Leidos segment Dynetics signed a contract with Curtiss-Wright to support the United States Army's future missile defense capabilities. Under the contract, the company will develop electromechanical actuators that move and control a mechanism or system. The actuators will be integrated into the first 16 Dynetics-built Enduring Shield ground-based launcher systems produced for the United States Army. Similar developments in Canada, will also contribute to the growth of the market in North America. The Canadian government plans to purchase four new strategic tanker transport aircraft in 2023. The government has allocated up to USD 4 billion to purchase planes. The formal request for its proposal for the aircraft was issued in May 2022.
Thus, growing investment in improving defense capabilities and increasing adoption of advanced fighter jets and military weapons will likely drive the market growth in the coming years.
Military Actuators Industry Overview
The military actuator market is fragmented, with many players that support various military programs. Some of the prominent players in the military actuators market include Raytheon Technologies Corporation, Curtiss-Wright Corporation, Nook Industries Inc., Kyntronics, and Moog Inc. Established players like Moog Inc., Curtiss-Wright Corporation, and Nook Industries Inc. provide actuators to aircraft programs, unmanned programs, armored vehicles, and surface vehicles. Many players are focusing on forming partnerships with defense original equipment manufacturers (OEMs) to provide actuators for their military platforms. For instance, in January 2022, Moog Actuation, a part of Moog Inc., announced that it would provide precision motion control for Gremlin's Air Recovery Mission. As part of the test for the Defense Advanced Research Agency (DARPA) for unmanned aviation, the company provided advanced avionic technologies to the program. Such developments are anticipated to boost the growth of companies in the coming years.
Military Actuators Market Leaders
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Raytheon Technologies Corporation
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Curtiss-Wright Corporation
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Moog Inc.
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Nook Industries, Inc.
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Kyntronics
*Disclaimer: Major Players sorted in no particular order
Military Actuators Market News
- In June 2021, Kytronics announced that the company joined the Rockwell Automation Technology Partner program, under which the company's SMART Electro-Hydraulic Actuators will be integrated into the program with Rockwell Automation servo motors, drives, and controls.
- In May 2021, Marotta Controls announced that the company's custom fin Control Actuation System (CAS) design project for Lockheed Martin received full component-level qualification to more than 20 military standards. Following the approval of the company's full component-level qualification, the project advanced from the development stage into the high-volume production stage. The CAS is an electromechanical actuation system for various applications such as tactical missiles, torpedoes, guided munitions and rockets, UAVs, and UUVs.
Military Actuators Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
- 1.3 Currency Conversion Rates for USD
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
- 3.1 Market Size and Forecast, Global, 2018 - 2031
- 3.2 Market Share by Type, 2021
- 3.3 Market Share by System, 2021
- 3.4 Market Share by Application, 2021
- 3.5 Market Share by Geography, 2021
- 3.6 Structure of the Market and Key Participants
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
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4.4 Industry Attractiveness - Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size and Forecast by Value - USD billion, 2018 - 2031)
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5.1 Type
- 5.1.1 Linear
- 5.1.2 Rotary
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5.2 System
- 5.2.1 Mechanical
- 5.2.2 Hydraulic
- 5.2.3 Elecrtical
- 5.2.4 Pneumatic
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5.3 Application
- 5.3.1 Land
- 5.3.2 Air
- 5.3.3 Sea
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5.4 Geography
- 5.4.1 North America
- 5.4.1.1 United States
- 5.4.1.2 Canada
- 5.4.2 Europe
- 5.4.2.1 United Kingdom
- 5.4.2.2 Germany
- 5.4.2.3 France
- 5.4.2.4 Russia
- 5.4.2.5 Rest of Europe
- 5.4.3 Asia-Pacific
- 5.4.3.1 China
- 5.4.3.2 Japan
- 5.4.3.3 India
- 5.4.3.4 South Korea
- 5.4.3.5 Rest of Asia-Pacific
- 5.4.4 Latin America
- 5.4.4.1 Brazil
- 5.4.4.2 Rest of Latin America
- 5.4.5 Middle East and Africa
- 5.4.5.1 United Arab Emirates
- 5.4.5.2 Saudi Arabia
- 5.4.5.3 Egypt
- 5.4.5.4 Turkey
- 5.4.5.5 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Vendor Market Share
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6.2 Company Profiles
- 6.2.1 Raytheon Technologies Corporation
- 6.2.2 Curtiss-Wright Corporation
- 6.2.3 Moog Inc.
- 6.2.4 Parker Hannifin Corporation
- 6.2.5 Triumph Group
- 6.2.6 Kyntronics
- 6.2.7 Nook Industries Inc.
- 6.2.8 AMETEK Inc.
- 6.2.9 Beaver Aerospace & Defense Inc.
- 6.2.10 Woodward Inc.
- 6.2.11 Creative Motion Control
- 6.2.12 AUMA Riester GmbH & Co. KG
- 6.2.13 Liebherr-International Deutschland GmbH
- 6.2.14 Cobham Limited
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityMilitary Actuators Industry Segmentation
Actuators are devices that convert energy into motion and are majorly used in moving or controlling mechanisms and systems. Actuators are operated by an external source of energy, typically electric current, hydraulic fluid pressure, or pneumatic pressure which is then converted into motion. Actuators perform two basic motions which are linear as well as rotary motions. Moreover, actuators are available in varying types, sizes, and power configurations depending upon the application they are being used for.
The Military Actuators Market is segmented based on type, system, application, and geography. By type, the market is segmented into Linear and Rotary. By system, the market is segmented into Electrical, Mechanical, Hydraulic, and Pneumatic. The market is also segmented based on application into Land, Air, and Sea. The report also covers the market sizes and forecasts for the Military Actuators Market across major regions. For each segment, the market sizing and forecasts have been done based on value (USD million). The market includes actuation systems deployed in missile systems, manned and unmanned platforms (across the land, air, and sea), and other weapon systems.
| Type | Linear | |
| Rotary | ||
| System | Mechanical | |
| Hydraulic | ||
| Elecrtical | ||
| Pneumatic | ||
| Application | Land | |
| Air | ||
| Sea | ||
| Geography | North America | United States |
| Canada | ||
| Geography | Europe | United Kingdom |
| Germany | ||
| France | ||
| Russia | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Latin America | Brazil |
| Rest of Latin America | ||
| Geography | Middle East and Africa | United Arab Emirates |
| Saudi Arabia | ||
| Egypt | ||
| Turkey | ||
| Rest of Middle East and Africa |
Military Actuators Market Research FAQs
What is the current Military Actuators Market size?
The Military Actuators Market is projected to register a CAGR of 3.14% during the forecast period (2024-2029)
Who are the key players in Military Actuators Market?
Raytheon Technologies Corporation, Curtiss-Wright Corporation, Moog Inc. , Nook Industries, Inc. and Kyntronics are the major companies operating in the Military Actuators Market.
Which is the fastest growing region in Military Actuators Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Military Actuators Market?
In 2024, the North America accounts for the largest market share in Military Actuators Market.
What years does this Military Actuators Market cover?
The report covers the Military Actuators Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Military Actuators Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Defense Actuators Industry Report
Statistics for the 2024 Defense Actuators market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Defense Actuators analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
