Le Lézard
Classified in: Science and technology, Covid-19 virus
Subjects: SVY, MRR

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:

What's New? -

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). 

For insights on growth opportunities across various segments - Download a Sample Report

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?

Gain instant access to 17,000+ market research reports.
Technavio's SUBSCRIPTION platform

Related Reports:

Electric Actuators for Marine and Defense Industry Market in US Scope

Report Coverage


Historic period


Forecast period


Growth momentum & CAGR

Accelerate at a CAGR of 5.44%

Market growth 2023-2027

USD 188.03 million

Market structure


YoY growth 2022-2023 (%)


Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

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., Ultra Motion LLC, Venture Mfg Co., and Triumph Group Inc.

Market dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse through Technavio's Industrials Market Reports

Table of contents:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Type

7 Market Segmentation by Application

8 Customer Landscape

9 Drivers, Challenges, and Trends

10 Vendor Landscape

11 Vendor Analysis

12 Appendix

About Us

Technavio is a leading technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

SOURCE Technavio

These press releases may also interest you

at 11:20
Electronic Arts Inc. and EA SPORTStm today revealed EA SPORTS Madden NFL 24 with new gameplay depth that delivers more control and realism on PlayStation®5, Xbox Series X|S, and PC, through the next evolution of FieldSENSEtm and the debut of SAPIEN...

at 11:15
The "Commercial Telematics Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By Solution (OEM & Aftermarket), By Application (Solution and Services), By End User, By Region, Competition" report has been...

at 11:11
Zenpack, a full-service packaging solutions company, in collaboration with design studio Brandmonger, have recently been recognized with a 2023 Dieline Award for their project with BIGFACE. The teams took Third Place in the Beverage ? Tea & Coffee...

at 11:05
Interopay Inc., an emerging B2B Payment Automation company, is pleased to announce the successful acquisition of Rewardworks, a long-time Payment Automation software. This acquisition marks the beginning of Interopay's position in the B2B Payment...

at 11:05
The City of Santa Fe Springs announced it has joined the California Purchasing Group and will be publishing and distributing upcoming bid opportunities on the system. Bidnet Direct's California Purchasing Group connects over 50 participating agencies...

at 11:04
Equality Health at Home is the latest addition in the comprehensive Equality Health Network offering and the company's leading value-based care model dedicated to serving independent primary care practices (PCPs) and their patients to close gaps in...

News published on and distributed by: