Electric Actuators Market For Marine And Defense Industry In US 2024-2028
The electric actuators market for marine and defense industry in US is forecasted to grow by USD 190.84 mn during 2023-2028, accelerating at a CAGR of 5.27% during the forecast period. The report on the electric actuators market for marine and defense industry in US provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for aircraft and government expenditure in defense sector, increasing use of electric actuators in industrial robots and automation, and growing demand for smart actuators.
Technavio's electric actuators market for marine and defense industry in US is segmented as below:
By Type
- Linear actuator
- Rotary actuator
By Application
- Vehicle and equipment
- Industrial automation
- Robotics
By Material
This study identifies the new product launches by vendors as one of the prime reasons driving the electric actuators market for marine and defense industry in US growth during the next few years. Also, strategic partnerships and acquisitions and the growing popularity of integrated linear actuators will lead to sizable demand in the market.
The report on the electric actuators market for marine and defense industry in US covers the following areas:
- Electric actuators market for marine and defense industry in US sizing
- Electric actuators market for marine and defense industry in US forecast
- Electric actuators market for marine and defense industry in US industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electric actuators market for marine and defense industry in US vendors that include AMETEK Inc., Arkwin Industries Inc., AUMA Riester GmbH and Co. KG, Bray International Inc., Creative Motion Control, Curtiss Wright Corp., Emerson Electric Co., Honeywell International Inc., Kyntronics Inc., LINAK AS, Moog Inc., Parker Hannifin Corp., Rotork Plc, Schlumberger Ltd., TAMAGAWA SEIKI Co. Ltd., Thomson Industries Inc., TiMOTION Technology Co. Ltd., Triumph Group Inc., Ultra Motion LLC, and Venture Mfg Co.. Also, the electric actuators market for marine and defense industry in US analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.