Market Size of Military Ground Vehicle Actuators Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 280.27 Million |
Market Size (2029) | USD 342.31 Million |
CAGR (2024 - 2029) | 4.08 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
Military Ground Vehicle Actuators Market Analysis
The Military Ground Vehicle Actuators Market size is estimated at USD 280.27 million in 2024, and is expected to reach USD 342.31 million by 2029, growing at a CAGR of 4.08% during the forecast period (2024-2029).
- The rise in military spending by nations such as the United States, China, India, Russia, etc., due to growth in terrorism, border conflicts, etc., is propelling investments in military ground vehicles with advanced automated functions. This factor significantly drives the market growth for military ground vehicle actuators. The increasing use of armored vehicles with mounted weapon systems, protection systems, etc., drives the market growth for military ground vehicle actuators.
- The growing emphasis on reducing the weight of armored vehicles is propelling the use of linear and electromechanical actuators for door actuation, window actuation, seat adjustment, brake and throttle control, etc. Moreover, the rise in automation and the expected large-scale arrival of autonomous self-driven defense vehicle technology is also projected to boost the use of actuators in military vehicles significantly.
- Geographies such as North America and Europe are investing in research and development of autonomous ground weapon vehicles such as autonomous tanks. This emphasis on advancement aligns with the increasing use of actuators in military vehicles. It suggested that the efficiency and life-saving abilities of autonomous systems will be propelled by using advanced actuators in the future.
Military Ground Vehicle Actuators Industry Segmentation
Actuators convert energy into motion and are used in moving or controlling mechanisms and systems. An external energy source operates actuators, typically electric current, hydraulic fluid pressure, or pneumatic pressure. The energy is then converted into motion. Actuators perform two basic motions: linear and rotary. Moreover, actuators are available in varying types, sizes, and power configurations depending upon the application they are being used for.
The military ground vehicle actuators market is segmented by type, system, and geography. By type, it is divided into linear and rotary. The system is divided into mechanical, hydraulic, electrical, and pneumatic. The report also covers the market size and forecasts in major countries and regions. For each segment, the market size and forecasts are done based on revenue (USD).
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Military Ground Vehicle Actuators Market Size Summary
The military ground vehicle actuators market is experiencing significant growth, driven by increased military spending and the rising demand for advanced automated functions in military vehicles. This growth is fueled by the need for enhanced capabilities in armored vehicles, including mounted weapon systems and protection systems. The emphasis on reducing the weight of these vehicles is leading to a greater adoption of linear and electromechanical actuators for various functions such as door actuation, seat adjustment, and control systems. Additionally, the trend towards automation and the development of autonomous defense vehicles are expected to further boost the demand for actuators. Regions like North America and Europe are heavily investing in research and development of autonomous ground weapon vehicles, which aligns with the increasing use of actuators to enhance the efficiency and life-saving abilities of these systems.
The market is also witnessing a growing trend towards electrification and autonomy, with electric actuators playing a crucial role in this transformation. As the fleet size of land vehicles expands and upgrade activities increase, the demand for electric actuators rises. These actuators are increasingly used in ground combat vehicles, offering advantages such as minimized energy loss and high electromechanical power. Continuous innovation in the design of electromechanical actuators is enhancing the survivability and efficiency of armored vehicle systems. North America, particularly the US, is at the forefront of this market, with substantial investments in developing advanced autonomous ground vehicle systems. The market is consolidated, with key players like Moog Inc., Nook Industries Inc., and Curtiss-Wright Corporation leading the way in providing innovative and cost-effective solutions to meet the growing demand for robust motion control in military applications.
Military Ground Vehicle Actuators Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Linear
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2.1.2 Rotary
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2.2 System
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2.2.1 Mechanical
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2.2.2 Hydraulic
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2.2.3 Electrical
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2.2.4 Pneumatic
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 India
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2.3.3.2 China
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2.3.3.3 Japan
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2.3.3.4 South Korea
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 Latin America
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2.3.4.1 Brazil
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2.3.4.2 Rest of Latin America
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2.3.5 Middle East and Africa
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2.3.5.1 United Arab Emirates
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2.3.5.2 Saudi Arabia
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2.3.5.3 Israel
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2.3.5.4 Rest of Middle East and Africa
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Military Ground Vehicle Actuators Market Size FAQs
How big is the Military Ground Vehicle Actuators Market?
The Military Ground Vehicle Actuators Market size is expected to reach USD 280.27 million in 2024 and grow at a CAGR of 4.08% to reach USD 342.31 million by 2029.
What is the current Military Ground Vehicle Actuators Market size?
In 2024, the Military Ground Vehicle Actuators Market size is expected to reach USD 280.27 million.