Global Military Actuators Market to Reach $2.1 Billion by 2030
The global market for Military Actuators estimated at US$1.4 Billion in the year 2023, is expected to reach US$2.1 Billion by 2030, growing at a CAGR of 5.7% over the analysis period 2023-2030. Rotary Actuators, one of the segments analyzed in the report, is expected to record a 5.6% CAGR and reach US$674 Million by the end of the analysis period. Growth in the Linear Actuators segment is estimated at 5.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $371.5 Million, While China is Forecast to Grow at 8.7% CAGR
The Military Actuators market in the U.S. is estimated at US$371.5 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$480.9 Million by the year 2030 trailing a CAGR of 8.7% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 4.4% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$297.2 Million by the year 2030.
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