Lucintel Forecasts the Global Military Actuator Market to Reach$3.1 billion by 2030
Lucintel Forecasts the Global Military Actuator Market to Reach$3.1 billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global military actuator market looks promising with opportunities in the hydraulic actuator, electrical actuator, pneumatic actuator, and mechanical actuator markets. The global military actuator market is expected to reach an estimated $3.1 billion by 2030 from $2.2 billion in 2024,at a CAGR of 5.8% from 2024 to 2030. The major drivers for this market are creation of contemporary combat platforms and integration of cutting-edge robotics, automation technology into defense systems, and increasing use of unmanned technologies, such as unmanned ground vehicles (UGVs) and unmanned aerial vehicles (UAVs)
A more than 150-page report to understand trends, opportunity and forecast in military actuator market to 2030 by component (cylinders, drives, servo valves, manifolds, and others), system (hydraulic actuator, electrical actuator, pneumatic actuator, mechanical actuator, and others), type (linear actuators, rotary actuators, multi-axis positioning actuators, and semi-rotary actuators), application (air, land, naval, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the component category, cylinder will remain the largest segment over the forecast period because of the application in military and defense vehicles for the storage, transportation, and distribution of gases.
Download sample by clicking on military actuator market
In terms of regions, North America will remain the largest region over the forecast period because of the regions concentration of many significant combat aircraft manufacturers, including lockheed martin and northropgrumman, as well as actuation system suppliers, like UTC and honeywell.
Curtiss-Wright, Moog, Parker Hannifin, Honeywell, Triumph Group, Venture Mfg, Meggitt, Kyntronics, Nook Industries, Parker Hannifin are the major suppliers in the military actuator market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.comTo get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market &unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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