Military Actuators Market worth $1.4 billion by 2024 Military Actuators Market | Page 2

North America is estimated to account for the largest share of the military actuators market in
2019. This region is highly fragmented with a large number of manufacturers of military actuators,
namely, Honeywell (US), Parker Hannifin (US), and Moog (US), among others. Increased use of
linear actuators in various defense applications in the North American region is expected to
contribute their rising demand in the near future, thereby driving the military actuators market in
the region.
Secondary Research
In the secondary research process, various secondary sources such as Hoovers, Bloomberg
BusinessWeek, and have been referred to identify and collect information for this study. These
secondary sources included annual reports, press releases & investor presentations of companies,
white papers, certified publications, articles by recognized authors, regulatory bodies, trade
directories, and databases.
Primary Research
The military actuators market comprises several stakeholders such as raw material suppliers,
processors, end-product manufacturers, and regulatory organizations in the supply chain. The
demand side of this market is characterized by the development of components, applications,
systems, and types. The supply side is characterized by advancements in technologies and
diverse application industries. Various primary sources from both, the supply and demand sides
of the market were interviewed to obtain qualitative and quantitative information. Following is
the breakdown of primary respondents.
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Key Market Players
Major vendors in the military actuators market are Curtiss-Wright (US), Moog (US), Parker
Hannifin (US), Honeywell (US), Triumph Group (US), Meggitt (UK), Venture Mfg. Co (US),
Kyntronics (US), and Nook Industries (US). Parker Hannifin, a specialist in electromechanical
actuators, is expected to be the third-largest supplier and manufacturer of military actuators in
2018. The company provides a wide range of products, which adhere to the finest quality
standards. Ultra Motion introduced its new R series spaceflight actuators for thrust vector