Growing demand for aircraft and government expenditure in defense sector to boost the US Electric Actuators for Marine and Defense Industry Market | Forecast period 2023-2027|Technavio
The US Electric Actuators for Marine and Defense Industry Market is likely to experience steady growth because of the growing demand for aircraft and government expenditure in the defense sector and the increasing use of electric actuators in industrial robots and automation. Rising at a CAGR of 5.44%, the market is estimated to have an incremental growth of USD 188.03 Mn in revenue through 2023 till 2027.
Some of the leading companies that are contributing significantly to this market advancement are 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, etc. Our report includes the categorization of the core companies as pure play, category-focused, industry-focused, and diversified with a wider understanding of the business ecosystem.
US Electric Actuators for Marine and Defense Industry Market Analysis
As per a Technavio analyst: the “Quote” reason is expected to boost the growth of the electric actuators for the marine and defense industry market in the US
Technavio’s recent analysis of "the US Electric Actuators for Marine and Defense Industry Market includes a detailed examination of its revenue forecasts, including market drivers and challenges, key market participants, and growth opportunities followed by a detailed study of the market segments in the US, and geographically during the forecast period". Refer to our sample report for more insights
Risk from faulty and loosely insulated electric actuators and their malfunctions and Fluctuating raw material prices are expected to hinder the growth of the market. However, Product launches and Strategic partnerships and acquisitions will have a positive impact on the electric actuators for the US Electric Actuators for Marine and Defense Industry Market during the forecast period.
Technavio’s analysis of the US Electric Actuators for Marine and Defense Industry Market also includes:
- CAGR of the market during the forecast period 2023-2027
- Detailed information on factors that will drive electric actuators for marine and defense industry market in us growth during the next five years
- Precise estimation of the electric actuators for the marine and defense industry market in US size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the electric actuators for the marine and defense industry market in the US industry across
- A thorough analysis of the market’s competitive landscape
- Comprehensive details of factors that will challenge the growth of electric actuators for the marine and defense industry market in US.
