Market Overview:
The global military ground vehicles actuators market is estimated to be valued at US$ 1,362.8 Mn in 2018 and is projected to reach US$ 2,564.4 Mn by 2030, registering a CAGR of 7.0% from 2018 to 2030. The linear actuators segment is expected to account for the largest share of the global military ground vehicles actuators market in terms of value during the forecast period.
Product Definition:
Military ground vehicles actuators are used to control the movement and operation of military ground vehicles. They are important for safety and efficiency while operating these vehicles.
Linear:
Linear actuators are used in military ground vehicles for various purposes. One of the major applications is in tank and armored carrier chassis for gun aiming, driving, and others. The market size of these products is expected to grow at a significant rate over the forecast period due to rising demand from defense application across the globe.
Rotary:
The rotary actuator is a mechanical device used in various military ground vehicles to provide motion. It's basically an engine with a fixed crankshaft that uses centrifugal force generated by spinning the main shaft to move the vehicle body.
Rotary actuators are preferred over hydraulic systems due to their advantages such as high power output.
Application Insights:
The land application segment accounted for the largest share of over 50.0% in 2017 and is expected to witness significant growth over the forecast period. The increasing need for advanced ground vehicles with enhanced maneuverability, protection and firepower has led to an increased demand for LMGV actuators across major markets including Russia, U.S., Germany, UK, China and India. Furthermore, growing defense expenditure on modernizing aging military equipment is further anticipated to drive the market growth over the coming years.
The air application segment was valued at USD 1.5 billion in 2017 owing to high usage of actuators in various aircraft systems such as hydraulic systems & controls (aircraft landing gear), engine control system (pumps & valves) and pneumatic system (instruments).
Regional Analysis:
North America accounted for the largest share of over 35% in 2017. The U.S. is one of the most prominent military and defense power across the globe, which has resulted in high demand for various types of actuators in North America over the past few years.
Asia Pacific is expected to be one of fastest growing regions with a CAGR exceeding 6% from 2018 to 2030 owing to increasing government initiatives towards modernization and expansionism within its armed forces along with rising geopolitical tensions between major countries such as China.
Growth Factors:
- Increasing demand for military ground vehicles from developed and developing countries owing to rising security concerns
- Growing investments by defense ministries of various countries in military ground vehicles
- Proliferation of advanced actuators technologies that offer improved performance, efficiency, and reliability over traditional actuators technologies
- Rising demand for unmanned military ground vehicles for reconnaissance and other tactical operations
- Growing popularity of electric-powered military ground vehicles as they offer superior performance over conventional gasoline or diesel-powered variants
Scope Of The Report
Report Attributes
Report Details
Report Title
Military Ground Vehicles Actuators Market Research Report
By Type
Linear, Rotary
By Application
Air, Land, Naval
By Companies
Curtiss-Wright, Moog, Parker Hannifin, Honeywell, Triumph Group, Meggitt, Venture Mfg. Co, Kyntronics, Nook Industries
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Military Ground Vehicles Actuators Market Report Segments:
The global Military Ground Vehicles Actuators market is segmented on the basis of:
Types
Linear, Rotary
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Air, Land, Naval
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Curtiss-Wright
- Moog
- Parker Hannifin
- Honeywell
- Triumph Group
- Meggitt
- Venture Mfg. Co
- Kyntronics
- Nook Industries
Highlights of The Military Ground Vehicles Actuators Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Linear
- Rotary
- By Application:
- Air
- Land
- Naval
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Military Ground Vehicles Actuators Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Military ground vehicles actuators are devices that help control the movement of military ground vehicles. They may include things like steering systems, brakes, and engines.
Some of the major companies in the military ground vehicles actuators market are Curtiss-Wright, Moog, Parker Hannifin, Honeywell, Triumph Group, Meggitt, Venture Mfg. Co, Kyntronics, Nook Industries.
The military ground vehicles actuators market is expected to grow at a compound annual growth rate of 7%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Military Ground Vehicles Actuators Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Military Ground Vehicles Actuators Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Military Ground Vehicles Actuators Market - Supply Chain
4.5. Global Military Ground Vehicles Actuators Market Forecast
4.5.1. Military Ground Vehicles Actuators Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Military Ground Vehicles Actuators Market Size (000 Units) and Y-o-Y Growth
4.5.3. Military Ground Vehicles Actuators Market Absolute $ Opportunity
5. Global Military Ground Vehicles Actuators Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Military Ground Vehicles Actuators Market Size and Volume Forecast by Type
5.3.1. Linear
5.3.2. Rotary
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Military Ground Vehicles Actuators Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Military Ground Vehicles Actuators Market Size and Volume Forecast by Application
6.3.1. Air
6.3.2. Land
6.3.3. Naval
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Military Ground Vehicles Actuators Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Military Ground Vehicles Actuators Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Military Ground Vehicles Actuators Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Military Ground Vehicles Actuators Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Military Ground Vehicles Actuators Demand Share Forecast, 2019-2026
9. North America Military Ground Vehicles Actuators Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Military Ground Vehicles Actuators Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Military Ground Vehicles Actuators Market Size and Volume Forecast by Application
9.4.1. Air
9.4.2. Land
9.4.3. Naval
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Military Ground Vehicles Actuators Market Size and Volume Forecast by Type
9.7.1. Linear
9.7.2. Rotary
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Military Ground Vehicles Actuators Demand Share Forecast, 2019-2026
10. Latin America Military Ground Vehicles Actuators Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Military Ground Vehicles Actuators Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Military Ground Vehicles Actuators Market Size and Volume Forecast by Application
10.4.1. Air
10.4.2. Land
10.4.3. Naval
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Military Ground Vehicles Actuators Market Size and Volume Forecast by Type
10.7.1. Linear
10.7.2. Rotary
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Military Ground Vehicles Actuators Demand Share Forecast, 2019-2026
11. Europe Military Ground Vehicles Actuators Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Military Ground Vehicles Actuators Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Military Ground Vehicles Actuators Market Size and Volume Forecast by Application
11.4.1. Air
11.4.2. Land
11.4.3. Naval
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Military Ground Vehicles Actuators Market Size and Volume Forecast by Type
11.7.1. Linear
11.7.2. Rotary
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Military Ground Vehicles Actuators Demand Share, 2019-2026
12. Asia Pacific Military Ground Vehicles Actuators Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Military Ground Vehicles Actuators Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Military Ground Vehicles Actuators Market Size and Volume Forecast by Application
12.4.1. Air
12.4.2. Land
12.4.3. Naval
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Military Ground Vehicles Actuators Market Size and Volume Forecast by Type
12.7.1. Linear
12.7.2. Rotary
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Military Ground Vehicles Actuators Demand Share, 2019-2026
13. Middle East & Africa Military Ground Vehicles Actuators Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Military Ground Vehicles Actuators Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Military Ground Vehicles Actuators Market Size and Volume Forecast by Application
13.4.1. Air
13.4.2. Land
13.4.3. Naval
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Military Ground Vehicles Actuators Market Size and Volume Forecast by Type
13.7.1. Linear
13.7.2. Rotary
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Military Ground Vehicles Actuators Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Military Ground Vehicles Actuators Market: Market Share Analysis
14.2. Military Ground Vehicles Actuators Distributors and Customers
14.3. Military Ground Vehicles Actuators Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Curtiss-Wright
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Moog
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Parker Hannifin
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Honeywell
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Triumph Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Meggitt
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Venture Mfg. Co
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Kyntronics
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Nook Industries
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
