Electric actuators for marine and defense industry market size in US to Grow by USD 188.03 million from 2022 to 2027; Growth driven by increasing use of electric actuators in industrial robots and automation - Technavio

NEW YORK, March 21, 2023 /PRNewswire/ -- The electric actuators for marine and defense industry market size in US is estimated to increase by USD 188.03 million between 2022 and 2027. The market's growth momentum will progress at a CAGR of 5.44% during the forecast period. The market is driven by the increasing use of electric actuators in industrial robots and automation. Product launches in the marine and defense industry are identified as the major trend in the market. Discover some insights on market size, historic period (2017 to 2021) and Forecast (2023 to 2027) before buying the full report - Request a Sample Report

Electric Actuators for Marine and Defense Industry Market in US – Vendor Analysis
A few prominent vendors that offer electric actuators for marine and defense industry in us in the market are:

• AUMA Riester GmbH and Co. KG - The company offers marine and defense industry electric actuators such as PROFOX PF-MX, PROFOX PF-M, and PROFOX PF-QX.
• Bray International Inc. - The company offers marine and defense industry electric actuators such as series 70.
• Creative Motion Control - The company offers marine and defense industry electric actuators such as linear, gun elevation, and electric linear.
• Curtiss Wright Corp. - The company offers marine and defense industry electric actuators such as FTX series, FT series, and KX series.

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Electric Actuators for Marine and Defense Industry Market in US - Segmentation Assessment

Segment Overview

Technavio has segmented the market based on type (linear actuator and rotary actuator) and application (vehicle and equipment, industrial automation, and robotics). 

• The market growth in the linear actuator segment will be significant during the forecast period. Electric linear actuators can be reconfigured or reprogrammed to handle multiple applications. They provide precise control of speed, acceleration, position, and torque. Many such benefits have increased the use of linear actuators across a wide range of applications in various industries.

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Electric Actuators for Marine and Defense Industry Market in US – Market Dynamics

Leading Drivers – 

The market is driven by the increasing use of electric actuators in industrial robots and automation. The use of automated solutions is increasing in the defense sector is increasing with technological advances, rising labor costs, and increasing competition. Also, the need for shorter product lifecycles and the demand for customization has created the need for robotics in the defense industry. The growing deployment of robots has subsequently increased the demand for electric actuators, which is driving the growth of the market.

Key Trends – 

Product launches in the marine and defense industry are the major trend in the market. Vendors are focusing on new product launches to expand their presence and increase market shares. For instance, in January 2021, LINAK launched the world's first Electric Linear Actuator With IO-link for communication interfaces. Many such product launches by vendors are positively influencing the growth of the market in focus.

Major challenges – 

High initial setup cost for end-users of electric actuators is a major challenge affecting the growth of the market. The capital required to setup electric actuators in the marine and defense industry is high compared to other alternatives such as pneumatic actuators and hydraulic actuators. For instance, the average cost of an electric actuator ranges between USD 100 and USD 2,000, depending on the design and features. This increases the cost of setup. Hence, enterprises opt for substitute products, which hinders the growth of the market.

Driver, trend, and challenges are the factor of market dynamics that state about consequences & sustainability of the businesses, find some insights from a sample report.

What are the key data covered in this electric actuators for marine and defense industry market in US report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the electric actuators for marine and defense industry market in US between 2023 and 2027
• Precise estimation of the size of the electric actuators for marine and defense industry market in US and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the electric actuators for marine and defense industry market across US
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of electric actuators for marine and defense industry market vendors in US

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Related Reports:

• The electric actuators market size is expected to increase by USD 3.96 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 5.24%. The market is segmented by end-user (automotive industry, water and wastewater industry, marine industry, aerospace and defense industry, and others), type (linear actuators and rotary actuators), and geography (APAC, Europe, North America, MEA, South America).
• The damper actuators market size is expected to increase by USD 628.67 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.5%. The market is segmented by end-user (commercial, residential, and industrial), type (non-spring return damper actuator and spring return damper actuator), and geography (North America, Europe, APAC, South America, and the Middle East and Africa).

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Table of contents:

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Country Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 07: Parent market
• Exhibit 08: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 09: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 10: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 11: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 12: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 13: Chart on US: Year-over-year growth 2022-2027 (%)
• Exhibit 14: Data Table on US: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Electric actuators market for marine and defense industry in US 2017 - 2021
• Exhibit 15: Historic Market Size – Data Table on Electric actuators market for marine and defense industry in US 2017 - 2021 ($ million)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 16: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.3 Application Segment Analysis 2017 - 2021 
• Exhibit 17: Historic Market Size – Application Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 18: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 21: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 22: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 23: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 24: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments
• Exhibit 25: Chart on Type - Market share 2022-2027 (%)
• Exhibit 26: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type
• Exhibit 27: Chart on Comparison by Type
• Exhibit 28: Data Table on Comparison by Type

• 6.3 Linear Actuator - Market size and forecast 2022-2027 
• Exhibit 29: Chart on Linear Actuator - Market size and forecast 2022-2027 ($ million)
• Exhibit 30: Data Table on Linear Actuator - Market size and forecast 2022-2027 ($ million)
• Exhibit 31: Chart on Linear Actuator - Year-over-year growth 2022-2027 (%)
• Exhibit 32: Data Table on Linear Actuator - Year-over-year growth 2022-2027 (%)

• 6.4 Rotary Actuator - Market size and forecast 2022-2027 
• Exhibit 33: Chart on Rotary Actuator - Market size and forecast 2022-2027 ($ million)
• Exhibit 34: Data Table on Rotary Actuator - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Chart on Rotary Actuator - Year-over-year growth 2022-2027 (%)
• Exhibit 36: Data Table on Rotary Actuator - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Type 
• Exhibit 37: Market opportunity by Type ($ million)

7 Market Segmentation by Application

• 7.1 Market segments
• Exhibit 38: Chart on Application - Market share 2022-2027 (%)
• Exhibit 39: Data Table on Application - Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 40: Chart on Comparison by Application
• Exhibit 41: Data Table on Comparison by Application

• 7.3 Vehicle and equipment - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Vehicle and equipment - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Vehicle and equipment - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Vehicle and equipment - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Vehicle and equipment - Year-over-year growth 2022-2027 (%)

• 7.4 Industrial automation - Market size and forecast 2022-2027 
• Exhibit 46: Chart on Industrial automation - Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Data Table on Industrial automation - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Chart on Industrial automation - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Industrial automation - Year-over-year growth 2022-2027 (%)

• 7.5 Robotics - Market size and forecast 2022-2027 
• Exhibit 50: Chart on Robotics - Market size and forecast 2022-2027 ($ million)
• Exhibit 51: Data Table on Robotics - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Chart on Robotics - Year-over-year growth 2022-2027 (%)
• Exhibit 53: Data Table on Robotics - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Application 
• Exhibit 54: Market opportunity by Application ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 55: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Drivers, Challenges, and Trends

• 9.1 Market drivers

• 9.2 Market challenges

• 9.3 Impact of drivers and challenges 
• Exhibit 56: Impact of drivers and challenges in 2022 and 2027

• 9.4 Market trends

10 Vendor Landscape

• 10.1 Overview

• 10.2 Vendor landscape
• Exhibit 57: Overview on Criticality of inputs and Factors of differentiation

• 10.3 Landscape disruption
• Exhibit 58: Overview on factors of disruption

• 10.4 Industry risks
• Exhibit 59: Impact of key risks on business

11 Vendor Analysis

• 11.1 Vendors covered
• Exhibit 60: Vendors covered

• 11.2 Market positioning of vendors 
• Exhibit 61: Matrix on vendor position and classification

• 11.3 AUMA Riester GmbH and Co. KG 
• Exhibit 62: AUMA Riester GmbH and Co. KG - Overview
• Exhibit 63: AUMA Riester GmbH and Co. KG - Product / Service
• Exhibit 64: AUMA Riester GmbH and Co. KG - Key offerings

• 11.4 Bray International Inc. 
• Exhibit 65: Bray International Inc. - Overview
• Exhibit 66: Bray International Inc. - Product / Service
• Exhibit 67: Bray International Inc. - Key offerings

• 11.5 Creative Motion Control 
• Exhibit 68: Creative Motion Control - Overview
• Exhibit 69: Creative Motion Control - Product / Service
• Exhibit 70: Creative Motion Control - Key offerings

• 11.6 Curtiss Wright Corp.
• Exhibit 71: Curtiss Wright Corp. - Overview
• Exhibit 72: Curtiss Wright Corp. - Business segments
• Exhibit 73: Curtiss Wright Corp. - Key offerings
• Exhibit 74: Curtiss Wright Corp. - Segment focus

• 11.7 Emerson Electric Co.
• Exhibit 75: Emerson Electric Co. - Overview
• Exhibit 76: Emerson Electric Co. - Business segments
• Exhibit 77: Emerson Electric Co. - Key news
• Exhibit 78: Emerson Electric Co. - Key offerings
• Exhibit 79: Emerson Electric Co. - Segment focus

• 11.8 Honeywell International Inc. 
• Exhibit 80: Honeywell International Inc. - Overview
• Exhibit 81: Honeywell International Inc. - Business segments
• Exhibit 82: Honeywell International Inc. - Key news
• Exhibit 83: Honeywell International Inc. - Key offerings
• Exhibit 84: Honeywell International Inc. - Segment focus

• 11.9 LINAK AS
• Exhibit 85: LINAK AS - Overview
• Exhibit 86: LINAK AS - Product / Service
• Exhibit 87: LINAK AS - Key offerings

• 11.10 Moog Inc.
• Exhibit 88: Moog Inc. - Overview
• Exhibit 89: Moog Inc. - Business segments
• Exhibit 90: Moog Inc. - Key offerings
• Exhibit 91: Moog Inc. - Segment focus

• 11.11 Parker Hannifin Corp. 
• Exhibit 92: Parker Hannifin Corp. - Overview
• Exhibit 93: Parker Hannifin Corp. - Business segments
• Exhibit 94: Parker Hannifin Corp. - Key news
• Exhibit 95: Parker Hannifin Corp. - Key offerings
• Exhibit 96: Parker Hannifin Corp. - Segment focus

• 11.12 Rotork Plc
• Exhibit 97: Rotork Plc - Overview
• Exhibit 98: Rotork Plc - Business segments
• Exhibit 99: Rotork Plc - Key news
• Exhibit 100: Rotork Plc - Key offerings
• Exhibit 101: Rotork Plc - Segment focus

• 11.13 Schlumberger Ltd.
• Exhibit 102: Schlumberger Ltd. - Overview
• Exhibit 103: Schlumberger Ltd. - Business segments
• Exhibit 104: Schlumberger Ltd. - Key news
• Exhibit 105: Schlumberger Ltd. - Key offerings
• Exhibit 106: Schlumberger Ltd. - Segment focus

• 11.14 TAMAGAWA SEIKI Co. Ltd. 
• Exhibit 107: TAMAGAWA SEIKI Co. Ltd. - Overview
• Exhibit 108: TAMAGAWA SEIKI Co. Ltd. - Product / Service
• Exhibit 109: TAMAGAWA SEIKI Co. Ltd. - Key offerings

• 11.15 Thomson Industries Inc. 
• Exhibit 110: Thomson Industries Inc. - Overview
• Exhibit 111: Thomson Industries Inc. - Product / Service
• Exhibit 112: Thomson Industries Inc. - Key offerings

• 11.16 TiMOTION Technology Co. Ltd. 
• Exhibit 113: TiMOTION Technology Co. Ltd. - Overview
• Exhibit 114: TiMOTION Technology Co. Ltd. - Product / Service
• Exhibit 115: TiMOTION Technology Co. Ltd. - Key offerings

• 11.17 Venture Mfg Co.
• Exhibit 116: Venture Mfg Co. - Overview
• Exhibit 117: Venture Mfg Co. - Product / Service
• Exhibit 118: Venture Mfg Co. - Key offerings

12 Appendix

• 12.1 Scope of the report

• 12.2 Inclusions and exclusions checklist 
• Exhibit 119: Inclusions checklist
• Exhibit 120: Exclusions checklist

• 12.3 Currency conversion rates for US$ 
• Exhibit 121: Currency conversion rates for US$

• 12.4 Research methodology
• Exhibit 122: Research methodology
• Exhibit 123: Validation techniques employed for market sizing
• Exhibit 124: Information sources

• 12.5 List of abbreviations 
• Exhibit 125: List of abbreviations

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