Market Insights
The Military Actuators market was estimated at US$ 1.5 Billion in 2021 and is expected to grow at a CAGR of 5.1% during 2022-2028 to reach US$ ~4.1 Billion in 2028.
Actuators must operate several military components and systems properly, including valve control, canopy, flaps, ram air doors, cargo locks, cabin doors, roof, surface trim, and armament systems. Actuation systems are essential in automating torque provisioning, motion control, and military equipment. Military vehicles, such as gun carriages and tanks, operate smoothly and effectively thanks to specific actuation systems. High-performance characteristics, such as improved force capabilities and faultless motion control, are required for military equipment and systems since they are typically employed in tough and poor weather conditions.
The growing demand for electrical actuators from the aerospace and defense industries propels the military actuators market forward. Using these actuators decreases the energy consumption of flight control systems, increasing their demand in the aviation industry. Because of their reduced weight, superior performance, increased security, and cheap maintenance cost, electrical actuators are replacing hydraulic actuators.
The worldwide actuators market is largely driven by military automation developments and increased demand for electrical actuators. Military activities worldwide quickly incorporate automated technologies into their military equipment and systems. The military has spent heavily on all three fronts, including land, sea, and airborne, to build and construct modern and advanced automated military systems, consequently improving the functionality of its military equipment and systems. Major established manufacturers in the global military actuators market collaborate on collaborative projects to produce sophisticated military-grade actuators while considering the hurdles to adoption and potential uses of automated military equipment.
Adopting modern technologies, expanding research & development activities to stimulate new product releases, the presence of international firms manufacturing actuators, and highly developed sectors are all driving growth avenues for military actuators in the United States. Increased insurgency on border tensions in countries such as China-India and India-Pakistan, as well as instability within nations such as Iran and Syria, motivate governments to incorporate new military programs and invest in unique security solutions. Furthermore, the use of armored vehicles, tanks, and other offshore patrol vehicles, as well as different naval and aviation platforms, has increased the demand for military actuators.
However, rising demand for electrical actuators will likely boost global market expansion. The military actuator sector has moved from hydraulic to electrical actuators over the last decade due to many advantages such as great efficiency, little to no maintenance, and common environmental problems.
COVID-19 has brought about several changes, including how organizations define and conduct their production and supply services. Due to the increasing uncertainty dominating such outbreak instances, most of the economy's goals and contributing sectors are taking a backseat. The primary necessity of the military actuators market is to give greater consideration to the development of healthcare infrastructure and further cater to similar needs of people, as a result of the increasing number of instances with each passing day and the degree of severity taking a toll.
Several investments/guidelines in the industry have been directed in recent years, which would boost the overall market. Some of them are:
- Parker Hannifin, an electromechanical actuators specialist, is predicted to be the third-largest supplier and manufacturer of military actuators in 2019. The company offers various items that meet the highest quality requirements. In October 2019, Ultra Motion launched its new R series spaceflight actuators for thrust vector controls, throttle controls, and fin controls in space and aerospace applications. In J 201une9, AMETEK introduced the ACL23A-4 aileron and rudder trim actuator systems for the Pilatus PC-24 highly versatile plane. The company is deliberately creating novel goods for anticipated end-use industry trends.
Segment Analysis
The market may be divided into components such as cylinders, drives, servo valves, manifolds, and others. Components are essential aspects of any actuator since they provide the necessary properties to a product. The necessity for a certain component in actuators is determined by its employment in various motion control and precision applications. The manufacturer's components may change depending on the needs and application area. The increased usage of direction control valves and electronically modulated valves drives the expansion of servo valves.
The market is divided into hydraulic, electric, pneumatic, electromechanical, electrohydraulic, and other systems. Hydraulic actuators are hydraulic fluid-powered devices best suited for armor plate and gun placement applications. Because of their high power density and cheap cost, hydraulic systems are expected to be a market leader in the aerospace and military industries. However, concerns about their weight, costly maintenance, and leakage may stymie category expansion during the foreseeable period.
In terms of regions, North America is likely to maintain its supremacy in the Military Actuators market throughout the forecast period. Owing to increased demand for superior protective solutions in the defense and military sectors, The United States, the world's largest military spender, is occupied with the most modern and big amount of defense equipment, contributing considerably to the market's growth in North America.
Concurrently, the Military Actuators market in the Asia Pacific is anticipated to expand at the highest CAGR during the forecast period. Because of the importance of China, India, and other Asian countries. Internal conflicts, national security concerns, and on-border tensions with neighboring nations, such as India and Pakistan, drive market expansion.
Due to escalating political upheaval and domestic disputes, developing Asia Pacific nations such as India and China are expected to contribute considerably to market development. The COVID 19 epidemic, on the other hand, has impacted the total market. The supply of raw materials necessary to make military actuators, such as steel and aluminum, has been adversely impacted by the epidemic, limiting industry expansion.
Key Players
There is stiff competition in the military actuators market. The growth of the companies is directly dependent on the industry conditions and government support. These companies differentiate their military actuators based on their quality and penetration in the target and emerging markets. Also, some major mergers and acquisitions in the industry recently have significantly influenced the competitive dynamics. For example:
- Ultra Motion launched its new R series spaceflight actuators in October 2019 for thrust vector controls, throttle controls, and fin controls in space and aerospace applications.
- Safran paid USD$30 billion for Rockwell Collins' actuator unit in September 2019. This deal also includes purchasing Rockwell Collins' pilot controls and special products division.
- Lockheed Martin awarded Honeywell a contract in August 2019 to supply control actuation systems for guided multiple launch rocket systems.
The overall competitive landscape has been affected due to these mergers and acquisitions. The following are the major players in the military actuators Market:
- Elektro-Metall Export GmbH (Germany)
- Honeywell International Inc. (US)
- Curtiss-Wright Corporation (US)
- Meggitt plc (UK)
- Venture Mfg. Co. (US)
- Parker-Hannifin Corporation (US)
- Triumph Group (US)
- Moog, Inc. (US)
- Kyntronics (US)
- NOOK Industries, INC. (US)
- Safran (France)
- Arkwin Industries, Inc.(US)
- Hunt Valve Company (US)
- AMETEK, Inc. (US)
- Ultra Motion (US)
Research Methodology
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
