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The Global Military Actuator Market Size Was Valued At Usd 1.1 Billion In 2022 And Is Expected To Grow At A CAGR Of 5.2% From 2022 To 2030.
Military Aircraft Actuation Systems Market Overview:
Military aircraft actuation systems facilitate extension and retraction of landing gear, monitoring and control of speed, and control of engine speed through adjustment of levers and flaps. Different energy sources that convert energy into motion, such as electricity, hydraulic fluid pressure, or pneumatic pressure, are used to operate an actuation system. Furthermore, increasing investment in R&D will drive market growth. Rising demand for automation and increasing number of combat aircraft are estimated to gain higher penetration during the forecast period.
Military Aircraft Actuation Systems market size, estimates, and forecasts are provided in terms of sales volume (K Units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Military Aircraft Actuation Systems market in detail. Regional market sizes related to products by type, by application, and by the player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.
Key Market Updates:
Major Segments Covered in the Global Military Aircraft Actuation Systems Market:
Market Key Players:
UTC Aerospace System, GE Aviation, Honeywell International, Moog, United Technologies, Parker Aerospace, Rockwell Collins, Curtiss Wright, Eaton, Saab, Woodward, And Others.
Military Aircraft Actuation Systems Market by Types:
Military Aircraft Actuation Systems Market by Applications:
Military Aircraft Actuation Systems Market by Regions:
The report estimates revenue growth at the worldwide, regional, and country levels and delivers an analysis of the recent industry trends in each sub-segment from 2017 to 2030.
North America accounted for the largest share of 33.7% in 2019 owing to the growing demand for advanced protection solutions in the defense and military sector. As the largest military spender in the world, the United States has the most advanced and largest number of defense equipment, which has made a huge contribution to the growth of the North American market.
Asia Pacific is projected to grow at the fastest CAGR of 6.1% from 2020 to 2027 owing to the prominence of China, India, and other Asian countries. Civil conflicts, homeland security concerns, and border tensions between neighboring countries such as India and Pakistan are some of the major factors driving the growth of the market.
Significant Market Dynamics:
Increasing demand for military aircraft, growing demand for actuation systems in the military and defense sector, and increasing use of combat aircraft in missions are driving the market.
Increasing government spending on military and defense will increase the number of aircraft, driving the military aircraft actuation system market forward.
Increasing R&D investment is estimated to drive the market.
Rapid technological advancements coupled with leakage issues in hydraulic actuators hamper market expansion.
Increasing use of lightweight materials, changing preference for electric actuators, and increasing terrorism are expected to create enormous opportunities for market players.
Report Scope of Global Military Aircraft Actuation Systems Market:
Report Attributes |
Details |
Growth Rate |
CAGR of 5.2% from 2022 to 2030. |
By Type |
Hydraulic Actuators, Electric Actuators, Pneumatic Actuators |
By Application |
Fighter Aircraft, Rescue Aircraft, Material Transport Aircraft, Other |
By Companies |
UTC Aerospace System, GE Aviation, Honeywell International, Moog, United Technologies, Parker Aerospace, Rockwell Collins, Curtiss Wright, Eaton, Saab, Woodward |
Regions and Countries Covered |
|
Base Year |
2022 |
Historical Year |
2017 to 2022 |
Forecast Year |
2023 to 2030 |
Points Covered in the Report
Frequently Asked Questions-
What is the CAGR of Military Aircraft Actuation Systems market?
The Military Aircraft Actuation Systems Market is growing at a CAGR of 5.2% During Forecast Period.
What are the key types and applications of Military Aircraft Actuation Systems market?
- Hydraulic Actuators, Electric Actuators, Pneumatic Actuators
- Fighter Aircraft, Rescue Aircraft, Material Transport Aircraft, Other
Who are the key players in Military Aircraft Actuation Systems market?
UTC Aerospace System, GE Aviation, Honeywell International, Moog, United Technologies, Parker Aerospace, Rockwell Collins, Curtiss Wright, Eaton, Saab, Woodward, And others.
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