Market Share of Naval Actuators And Valves Industry
The naval actuators and valves market is semi-consolidated in nature. Some prominent players in the market include MOOG Inc., Honeywell International Inc., Rotork PLC, Emerson Electric Co., and Curtiss-Wright Corporation.
The emerging security environment, fueled by the growing geopolitical unrest in several countries, is resulting in the growing demand for advanced naval systems. To gain long-term contracts and expand their global presence, players are investing significantly in the procurement of new naval assets.
Continuous R&D has been fostering the advancements of accuracy and efficiency of subsystems and other technologies integrated onboard naval vessels. The competition between the players is expected to increase with the surge in defense expenditure.
Naval Actuators And Valves Market Leaders
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MOOG Inc.
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Honeywell International Inc.
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Rotork plc
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Emerson Electric Co.
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Curtiss-Wright Corporation
*Disclaimer: Major Players sorted in no particular order
