How big is the Naval Actuators And Valves Market?

The Naval Actuators And Valves Market size is expected to reach USD 3.34 billion in 2024 and grow at a CAGR of 4.64% to reach USD 4.18 billion by 2029. Read More

What is the current Naval Actuators And Valves Market size?

In 2024, the Naval Actuators And Valves Market size is expected to reach USD 3.34 billion. Read More

Who are the key players in Naval Actuators And Valves Market?

MOOG Inc., Honeywell International Inc., Rotork plc, Emerson Electric Co. and Curtiss-Wright Corporation are the major companies operating in the Naval Actuators And Valves Market. Read More

Which is the fastest growing region in Naval Actuators And Valves Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Naval Actuators And Valves Market?

In 2024, the North America accounts for the largest market share in Naval Actuators And Valves Market. Read More

What years does this Naval Actuators And Valves Market cover, and what was the market size in 2023?

In 2023, the Naval Actuators And Valves Market size was estimated at USD 3.19 billion. The report covers the Naval Actuators And Valves Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Naval Actuators And Valves Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Naval Actuators And Valves Market Size & Share Analysis - Industry Research Report

Naval Actuators and Valves Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Naval Actuator and Valves Market Report is Segmented by Actuator Type (Mechanical, Hydraulic, Pneumatic, Electrical, and Hybrid), Platform (Defense and Commercial), Material (Aluminum, Stainless Steel, and Alloy-Based), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

Naval Actuators And Valves Industry Overview

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.