Report Id: SNS/A&D/2072 | June 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Military Actuators Market Size was valued at USD 1.45 billion in 2021 and US$ 1.54 billion in 2022, expected to reach USD 2.16 billion by 2028, and grow at a CAGR of 5.81% over the forecast period 2022-2028.
Military and defence applications require significant force in confined spaces with greater precision control over position, speed, and force. Actuators are devices that help meet every requirement of defence and military applications, and their increased use in these sectors would be beneficial to the global market. The rise in terrorist attacks around the world, rising security concerns and political unrest, and the emergence of modern military programme all contribute to an increase in the deployment rate of military actuators. Technological advancements encourage the use of high-performance, high-quality products for a variety of military applications.
Increased border tensions between countries, such as India-Pakistan and China-India, as well as national unrest, such as Iran and Syria, compel government bodies to use advanced military equipment and spend on personal protection systems. Aside from that, the increased use of tanks, armoured vehicles, and various offshore patrol vehicles, as well as numerous aircraft and naval platforms, drives the demand for military actuators. Given the prominence of India, China, and several Asian nations facing homeland security issues, internal conflicts, and on-border tensions, Asia Pacific will present a series of appealing opportunities to international players.
The Aerospace and Defense Industries are increasing their demand for electrical actuators.
Military operations have seen an increase in the use of automated technologies.
Concerns About Operational Capabilities and Environmental Factors
Issues Related to Noise, Leakage, and Power Consumption
Developing and strictly enforcing various regulatory standards
Precision Actuators System Technological Advancements
Miniaturized Military Actuators Development
THE IMPACT OF COVID-19
According to the MRFR, the current speculation of global military market growth to 2028 is expected to be lower than the previous COVID-19 estimates. The epidemic has had a devastating effect on the aviation, defense and maritime industry worldwide. In the defense industry, due to declining tax revenues by declining GDP, it is also expected to reduce the need for new aircraft, submarines, underground vehicles, and related defense application programs over the next few years. This is also expected to reduce the need for military activators.
Many governments around the world are focused on controlling the COVID-19 outbreak in their countries. Therefore, they invest heavily in health care and vaccine development. Therefore, the cost of protection in the new systems is expected to decrease over the next few years. The cost of protection is expected to increase gradually during the forecast period after the end of the epidemic.
The global market can be divided into segments such as cylinders, drivers, servo valves, manifolds, and others where Servo valves dominated the market with a share of 27.6% by 2022. Components are an integral part of each actuator as they provide desirable features to the product. The need for a particular component of actuators depends on its application to specific movement control and precision systems. The parts used by the manufacturer may vary depending on the needs and the environment used. Increased use of directional control valves and interchangeable power valves promotes the growth of servo valves.
Cylinders are expected to prove significant growth in the forecast period due to their use in storage, transport, and exhaust gases in defense and military vehicles. Demand for drives is expected to be moderate throughout the forecast period due to the increased use of motor vehicle speed control to reduce the risk of shock.
Manifolds are used on overhead warships and submarines. Technological advances and the growing demand for advanced and advanced defense equipment from the defense industry encourage the manufacturer to integrate these different components into the system. The global market is divided into hydraulic, electric, pneumatic, electro-mechanical, electro-hydraulic, and other systems. the hydraulic actuators segment held a 24.9 percent market share. Hydraulic actuators are hydraulic fluid-powered devices that are best suited for Armour plate and gun positioning applications. Because of their high power density and low cost, hydraulic systems are expected to be a market leader in the aerospace and defense industries. However, concerns about their weight, high maintenance, and leakage may stymie segment growth over the forecast period.
The type segment is divided into rotary actuators and linear actuators, with the rotary actuator type segment accounting for the majority of the market share. Rotary actuators are commonly used in valves and gates and precision control applications in the aviation and defense industries. From 2022 to 2028, the linear actuator type is expected to grow at the fastest CAGR of 5.6 percent. A linear actuator is a device that converts rotary motion to linear motion and controls linear motion. Linear actuators that are screw-driven,Belt-driven or rod-driven systems are common in military applications. Screw-driven motors and control hardware are two examples. Belt-driven linear actuators are utilised in many defensive weapons to improve operational efficiency, whereas rod-driven actuators are used in the aerospace and defence industries, favouring linear actuator demand over the forecast period. The global market can be divided into three sections based on application: air, land, and naval. With a large market share, the land application segment dominated and is expected to maintain its lead over the forecast period. This is owing to rising worries about homeland security, increased need for improved protective systems, and government initiatives that have boosted demand for military actuators. The need to emphasize enhancing armed forces' protection, advancement in equipment, and improved performance all contribute to market growth. The regions lavishly invest in military equipment and related program to demonstrate their strength in the military and defense industries, thereby fueling demand for military actuators over the forecast period.
MARKET KEY PLAYER
Triumph Group, Meggitt, Venture Mfg. Co, Kyntronics, and Nook Industries., Parker Hannifin, Parker Hannifin, Honeywell, Curtiss-Wright, Moog, and other players.
North America had the greatest share. The United States, as the world's largest military spender, is occupied with the most advanced and large number of defence equipment, contributing significantly to the market's growth in North America.
Technology advancements, large R&D facilities, prominent warfare tactics, and rising government investment in the military and defence industry have encouraged various countries to upgrade their armed forces with high-protection solutions and advanced ammunition products, thereby augmenting market growth.
Because of the prominence of China, India, and other Asian countries, Asia Pacific is expected to grow at the fastest CAGR of 6.1 percent from 2022 to 2028. Internal conflicts, homeland security concerns, and on-border tensions between neighbouring countries, such as India and Pakistan, are among the major factors driving market growth.
Due to rising political unrest and domestic conflicts, developing Asia Pacific countries such as India and China are expected to contribute significantly to market growth. The COVID 19 pandemic, on the other hand, has had an impact on the overall market. The pandemic has severely impacted the availability of raw materials used to manufacture military actuators, including metals such as steel and aluminium, thereby limiting market growth.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2021||US$ 1.45 Billion|
|Market Size by 2028||US$ 2.16 Billion|
|CAGR||CAGR of 5.81% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Component (Cylinders, Drives, Servo Valves, Manifolds)
• By System (Electrical, Hydraulic, Pneumatic, Mechanical)
• By Type (Linear, Rotary)
• By Application (Air, Land, Naval)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Triumph Group, Meggitt, Venture Mfg. Co, Kyntronics, and Nook Industries., Parker Hannifin, Parker Hannifin, Honeywell, Curtiss-Wright, Moog, and other players.|
|DRIVERS||• The Aerospace and Defense Industries are increasing their demand for electrical actuators.
• Military operations have seen an increase in the use of automated technologies.
|RESTRAINTS||• Concerns About Operational Capabilities and Environmental Factors|
Frequently Asked Questions (FAQ) :
According to SNS insiders, the Military Actuators Market size was USD 1.45 billion in 2021 and is expected to reach USD 2.16 billion by 2028 with a CAGR of 5.81% over the forecasted period.
According to the MRFR, the current speculation of global military market growth to 2028 is expected to be lower than the previous COVID-19 estimates. The epidemic has had a devastating effect on the aviation, defense and maritime industry worldwide
Military operations have seen an increase in the use of automated technologies.
Concerns About Operational Capabilities and Environmental Factors
Yes, this report cover top down , bottom up Quantitative Research. Qualitative Research, Fundamental Research, data triangulation, ID’s & FGD’s Analytical research, And other as per report requirement.
Table of Content:
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID 19 Impact Analysis
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.Military Actuators Market, by Component
8.3 Servo Valves
9.Military Actuators Market, by System
10.Military Actuators Market, by Type
11.Military Actuators Market, by Application
12. Regional Analysis
12.2 North America
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4.2 South Korea
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.3 South Africa
12.6 Latin America
12.6.3 Rest of Latin America
13.1 Triumph Group
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.3 Venture Mfg. Co
13.5 Nook Industries.
13.6 Parker Hannifin
13.7 Parker Hannifin
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share analysis
14.3 Recent Developments
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.