Market Size of Military Ground Vehicle Actuators Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 280.27 Million |
| Market Size (2029) | USD 342.31 Million |
| CAGR (2024 - 2029) | 4.08 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Military Ground Vehicle Actuators Market Analysis
The Military Ground Vehicle Actuators Market size is estimated at USD 280.27 million in 2024, and is expected to reach USD 342.31 million by 2029, growing at a CAGR of 4.08% during the forecast period (2024-2029).
- The rise in military spending by nations such as the United States, China, India, Russia, etc., due to growth in terrorism, border conflicts, etc., is propelling investments in military ground vehicles with advanced automated functions. This factor significantly drives the market growth for military ground vehicle actuators. The increasing use of armored vehicles with mounted weapon systems, protection systems, etc., drives the market growth for military ground vehicle actuators.
- The growing emphasis on reducing the weight of armored vehicles is propelling the use of linear and electromechanical actuators for door actuation, window actuation, seat adjustment, brake and throttle control, etc. Moreover, the rise in automation and the expected large-scale arrival of autonomous self-driven defense vehicle technology is also projected to boost the use of actuators in military vehicles significantly.
- Geographies such as North America and Europe are investing in research and development of autonomous ground weapon vehicles such as autonomous tanks. This emphasis on advancement aligns with the increasing use of actuators in military vehicles. It suggested that the efficiency and life-saving abilities of autonomous systems will be propelled by using advanced actuators in the future.
