07 June 2020
Visiongain has launched a new report Military Actuators Market Report 2020-2030: Forecasts by Actuation (Electric, Pneumatic, Hydraulic), by Industry (Automotive, Electronics, Healthcare), by Application (Process Automation, Robotics), by Design Characteristics (Load, Torque) PLUS Profiles of Leading Companies and Regional and Leading National Market Analysis.
An actuator is a component of a machine that is responsible for moving and controlling a mechanism or system. The development of the military equipment will likely be beneficial to enhancing investment in new infrastructure and the renovation of current plants. Several military units emphasize automating their activities to deliver enhanced safety, enhanced effectiveness, and enhanced operational accuracy.
It is the competitive pricing standards and the capacity of providers to satisfy customer demands is likely to hamper the market growth of military actuators. Linear actuators are projected to lead the global military actuators market by type. During the forecast period, pneumatic actuators are expected to increase with the most development in the actuators industry. The increasing demand for highly efficient actuators which consume less energy has fueled the growth of the pneumatic actuators in the global military actuators market. The market for actuators in the Asia Pacific is estimated to lead in 2020. In recent years, Asia Pacific has seen fast economic growth and increased sea traffic. The demand for automation and robotics, which in turn is increasing the demand for actuators, has been driven by electronics and the electrical industry and particularly in nations such as China and Japan.
Some of the players operating in the market include Curtiss-Wright, Triumph Group , Moog, Meggitt , Venture Mfg. Co., Parker Hannifin, Kyntronics , Nook Industries, AMETEK, Ultra Motion, EME EleKTro-Metall, Whippany Actuation Systems , Beaver Aerospace & Arkwin Industries, Hunt Valve, Temis SRL, Honeywell, Safran, Woodward, and Innovators. The players are also taking several strategic initiatives such as mergers, acquisitions, and partnerships so as to increase their presence in the global market. These major companies are increasingly focusing on various research and development activities so as to gain competitive advantage.
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