Military Actuators Market worth $1.4 billion by 2024 Military Actuators Market

Military Actuators Market worth $1.4 billion by 2024
According to the new research report "Military Actuators Market by Application (Air, Land,
Naval), System (Electrical, Hydraulic, Pneumatic, Mechanical), Component (Cylinders,
Drives, Servo Valves, Manifolds), Type (Linear, Rotary), and Region - Global Forecast to
2024", The military actuators market is expected to grow from USD 1.1 billion in 2019 to USD
1.4 billion by 2024, at a CAGR of 5.79% during the forecast period. Ongoing military automation
across the globe and increasing demand for electrical actuators from the aerospace & defense
industry are expected to be the major factors driving the market.
By system, the military actuators market is segmented into hydraulic, electrical, pneumatic, and
mechanical. Among these, the hydraulic actuators segment is expected to be the fastest-growing
segment during the forecast period. Hydraulic actuators are widely used in the aerospace & defense
sector. They are extensively used in different parts of aircraft. Hydraulic actuators are rarely used
in the marine industry due to the possible issues of leakage of fuels. In some applications, these
actuators involve additional maintenance costs due to increased oil consumption by them resulting
from leakage issues.
Recent Developments
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In October 2018, Ultra Motion introduced its new R series spaceflight actuators for thrust
vector controls, throttle controls, and fin controls in space and aerospace applications.
In September 2018, Safran acquired the actuator unit of Rockwell Collins for USD 30
billion. This acquisition also included the purchase of the pilot controls and special
products business of Rockwell Collins.
In August 2018, Honeywell received a contract from Lockheed Martin to supply control
actuation systems for guided multiple launch rocket systems.
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By type, the military actuators market is segmented into linear actuator, rotary actuator, multi-axis
positioning actuators, and semi-rotary actuators. Among these, the linear actuators segment is
expected to be the fastest-growing segment during the forecast period. Linear actuators are
primarily used in the aerospace & defense applications as they help in enhancing the operational
efficiency of weapons. These actuators comprise ball or lead screws, belts, and voice coils, among
others.