Military Actuators Market Analysis 2024-2033 | Growth, Size, Demand, Analysis, Insights
Overview and Scope Metal injection molding (MIM) refers to a metal fabrication process that is used to produce small, complex, tailored metal parts with high precision and consistency. It combines the benefits of plastic injection molding with the strength and durability of metal materials. Sizing and Forecast The metal injection molding market size has grown rapidly in recent years. It will grow from $3.97 billion in 2023 to $4.39 billion in 2024 at a compound annual growth rate (CAGR) of 10.4%. The growth in the historic period can be attributed to powder metallurgy advancements, automotive industry demand, energy sector requirements, additive manufacturing growth, consumer goods manufacturing.. The metal injection molding market size is expected to see strong growth in the next few years. It will grow to $6.32 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to advancements in alloy development, sustainable practices, investments in research and development, rising demand for lightweight materials, global infrastructure development.. Major trends in the forecast period include additive manufacturing, powder metallurgy techniques, wider range of metal powder alloys, metal injection molding, digitalization and industry 4.0 integration.. To access more details regarding this report, visit the link: https://www.thebusinessresearchcompany.com/report/metal-injection-molding-global-market-report Segmentation & Regional Insights The metal injection molding market covered in this report is segmented – 1) By Material: Stainless Steel, Low Alloy Steel, Soft Magnetic Material, Other Materials 2) By Machine Type: Hydraulic, Electric, Hybrid 3) By End-user: Electrical And Electronics, Automotive, Consumer, Industrial, Other End-Users Asia-Pacific was the largest region in the metal injection molding market in 2023. The regions covered in the metal injection molding market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa Intrigued to explore the contents? Secure your hands-on sample copy of the report: https://www.thebusinessresearchcompany.com/sample.aspx?id=10416&type=smp Major Driver Impacting Market Growth Rising demand from the automotive industry is expected to propel the growth of the metal injection molding market going forward. An automotive industry refers to an industry that comprises businesses involved in the manufacture, distribution, retail, and upkeep of automobiles. Metal injection molded parts are now largely used by the automotive industry for engines, gearboxes, turbochargers, locking mechanisms, steering systems, and electrical systems. These are employed to produce high-strength, high-complexity parts. For instance, in March 2022, according to a report published by the European Automobile Manufacturers' Association (ACEA), sales of passenger cars in the US increased by 5.5% from 2020 to 11.9 million units in 2021. Over 6.3 million passenger cars were produced in US auto facilities in 2021, an increase of 3.1% from 2020. Therefore, rising demand from the automotive industry is driving the growth of the metal injection molding market. Key Industry Players Major companies operating in the metal injection molding market report are Molex LLC, Indo-Mim Private Limited, CMG Technologies Ltd., GKN Ltd., Smith Metal Products, ASH Industries Inc., Rockleigh Industries Inc., Schunk Sintermetalltechnik GmbH, Sandvik AB, Tekna Manufacturing Private Limited, PSM Industries Inc., Advanced Powder Products Inc., Alpha Precision Group, Epson Atmix Corporation, Hitachi Metals Ltd., 3A Composites, Shanghai FUTURE HIGH-TECH Co. Ltd., Advanced Forming Technology, Ametek Specialty Metal Products, Parmatech Corporation, WTM SOLUTIONS, MOKO Technology, Kinetics Climax Inc., Phillips-Medisize LLC, FloMet LLC, Advanced Technology & Materials Co. Ltd., Nbtm New Materials Group, Jiangsu Gian Technology Co. Ltd., Shenzhen Zhucheng Science & Technology Co. Ltd., MDM Metal Industrial Co.Ltd. The metal injection molding market report table of contents includes: 1. Executive Summary 2. Metal Injection Molding Market Characteristics 3. Metal Injection Molding Market Trends And Strategies 4. Metal Injection Molding Market - Macro Economic Scenario 5. Global Metal Injection Molding Market Size and Growth … 31. Global Metal Injection Molding Market Competitive Benchmarking 32. Global Metal Injection Molding Market Competitive Dashboard 33. Key Mergers And Acquisitions In The Metal Injection Molding Market 34.Metal Injection Molding Market Future Outlook and Potential Analysis 35. Appendix Contact Us: The Business Research Company Europe: +44 207 1930 708 Asia: +91 88972 63534 Americas: +1 315 623 0293 Email: info@tbrc.info Follow Us On: LinkedIn: https://in.linkedin.com/company/the-business-research-company Twitter: https:/
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Overview and Scope
Military actuator refers to actuators that are used in military machines and equipment to achieve automation and movement. An actuator is a component of a machine or system that aids in generating mechanical force by converting energy, frequently electrical, air, or hydraulic energy.
Sizing and Forecast
The military actuators market size has grown rapidly in recent years. It will grow from $1.48 billion in 2023 to $1.64 billion in 2024 at a compound annual growth rate (CAGR) of 11.0%. The growth in the historic period can be attributed to aerospace and defense investments, advancements in weapon systems, automation in military machinery, naval systems integration, expansion of unmanned systems.
The military actuators market size is expected to see rapid growth in the next few years. It will grow to $2.43 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%. The growth in the forecast period can be attributed to modernization of defense systems, increase in unmanned systems, rise in cybersecurity concerns, shift towards smart actuators, advancements in robotics. Major trends in the forecast period include adaptation to harsh environments, rise in robotics and autonomous systems, emphasis on stealth and low noise, increased reliability and redundancy, adoption of smart actuators.
To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/military-actuators-global-market-report
Segmentation & Regional Insights
The military actuators market covered in this report is segmented –
1) By Type: Linear, Rotary
2) By Component: Cylinders, Drives, Servo Valves, Manifolds, Other Components
3) By System: Hydraulic Actuators, Electrical Actuators, Pneumatic Actuators, Electromechanical Actuators, Other Systems
4) By Application: Land, Air, Sea
North America was the largest region in the military actuators market in 2023. The regions covered in the military actuators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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https://www.thebusinessresearchcompany.com/sample.aspx?id=10629&type=smp
Major Driver Impacting Market Growth
The growing military spending is significantly contributing to the growth of the military actuators market going forward. Military spending refers to money spent by a government to provide weapons, equipment, and soldiers to its military. Military actuators are used to provide motion control provision of torque, and equipment automation for logistics to transport, weapon operation, and other crucial applications in the military sector. The growing military spending of various countries around the world is a key driver of the military actuators market. For instance, according to the April 2022 data released by the Stockholm International Peace Research Institute (SIPRI), a Sweden-based government institute that provides information, analysis, and suggestions regarding armed conflict, military spending, the arms trade, disarmament, and arms control, the worldwide military expenditure increased by 0.7% in real terms in 2021, to reach $2,113 billion. Therefore, the growing military spending will drive the military actuators market.
Key Industry Players
Major companies operating in the military actuators market report are Curtiss-Wright Corporation, Triumph Group Inc., Moog Inc., Meggitt plc, Venture Manufacturing Company, Parker Hannifin Corporation, Kyntronics Inc., Nook Industries Inc., AMETEK Inc., Ultra Motion, Elektro-Metall Export GmbH, Honeywell International Inc., Safran S.A., Arkwin Industries Inc., Hunt Valve Company, Raytheon Technologies Corporation, Creative Motion Control, AUMA Riester GmbH & Co. KG, Liebherr-International Deutschland GmbH, Cobham Limited, Woodward Inc., Danaher Motion, Eaton Corporation plc, ElectroCraft Inc., GE Aviation, General Dynamics Corporation, HITTICO Lincoln, ITT Enidine Inc., Kollmorgen Corporation, Lord Corporation, MTS Systems Corporation, Nidec Corporation
The military actuators market report table of contents includes:
1. Executive Summary
2. Military Actuators Market Characteristics
3. Military Actuators Market Trends And Strategies
4. Military Actuators Market - Macro Economic Scenario
5. Global Military Actuators Market Size and Growth
…
31. Global Military Actuators Market Competitive Benchmarking
32. Global Military Actuators Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Military Actuators Market
34.Military Actuators Market Future Outlook and Potential Analysis
35. Appendix
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