Naval Actuators and Valves Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Naval Actuator and Valves Market Report is Segmented by Actuator Type (Mechanical, Hydraulic, Pneumatic, Electrical, and Hybrid), Platform (Defense and Commercial), Material (Aluminum, Stainless Steel, and Alloy-Based), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

Naval Actuators And Valves Market Size

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Naval Actuators And Valves Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 3.34 Billion
Market Size (2029) USD 4.18 Billion
CAGR (2024 - 2029) 4.64 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Naval Actuators And Valves Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Naval Actuators And Valves Market Analysis

The Naval Actuators And Valves Market size is estimated at USD 3.34 billion in 2024, and is expected to reach USD 4.18 billion by 2029, growing at a CAGR of 4.64% during the forecast period (2024-2029).

  • The emergence of new technologies, such as high-performance radar and long-distance targeting systems, on the naval warfare front has driven nations to modernize and upgrade their naval capabilities. As actuators and valves form a critical part of all naval vessel subsystems, the induction of new naval vessels may create a parallel demand for actuators and valves to ensure systems performance as per the specifications.
  • Stringent regulatory policies are expected to restrain the market's growth during the forecast period. The marine industry is heavily regulated, primarily because of the risks associated with marine activities.
  • The increasing popularity of advanced integrated combat systems or the use of naval forces is expected to provide new opportunities for the market, which is anticipated to positively affect the market in focus during the upcoming period.

Naval Actuators And Valves Market Trends

Defense Segment is Expected to Dominate the Market

Due to the profound changes in the international strategic landscape, the configuration of the international security system has been undermined by the growing hegemonism, unilateralism, and power politics that have fueled several ongoing global conflicts. Military powerhouses, such as the United States, the United Kingdom, China, and India, have been focused on augmenting their naval firepower, and several fleet modernization and procurement contracts are underway to address the evolving threats to their national security.

In 2022, the war between Russia and Ukraine further fueled the defense budgets across various countries and the need to reassess the operational readiness of the armed forces globally. The world military expenditure rose by 3.7% in 2022 from the previous year to reach a record high of USD 2.2 trillion. The Russia-Ukraine war was a major driver of the growth in spending in 2022. The five biggest spenders in 2022 were the United States, China, Russia, India, and Saudi Arabia, accounting for 63% of the global military spending.

According to its 30-year shipbuilding plan, the US envisions procuring 55 new ships to achieve an effective fleet size of 314 ships by 2024. In Asia-Pacific, prominent countries such as China and India are also enhancing their naval fleet size and capabilities to achieve technological superiority over their rival countries. Such induction programs are envisioned to drive the demand for actuators and valves in designing and constructing new naval vessels for defense platforms.

Naval Actuators And Valves Market: Naval Actuators and Valves Market: Naval Fleet Strength, Top 5 countries, 2023

North America to Dominate the Market during the Forecast Period

The market is driven by the procurement of advanced weaponry by the US Navy to achieve military dominance in the region, besides ensuring internal peace and security. The United States has invested its vast technological prowess toward the indigenous development of several weapon systems to foster its military prowess over all dominion - land, air, and water.

In the FY2023 budget proposal, the US Navy proposed a total budget request of USD 230.8 billion, including USD 180.5 billion for the Navy and USD 50.3 billion for the Marine Corps. As part of the country’s naval expansion projects, the US Navy, in its FY2023 budget, proposed plans to modernize its fleet with the exclusion and inclusion of various warships and carrier fleets in the Navy. The USS Nimitz is to be removed from the battle force by the FY2025, gradually accepting the Gerald R Ford-class carriers to be inducted readily into the fleet of agile force.

The country caters to the demand from its military partners for advanced weaponry, such as guided rockets, ballistic missiles, armed UAVs, submarines, and surface warships. The program entails Serco providing repair and overhauls to the SubHDR Antenna Pedestal Group (APG), including evaluation and repair services to related sub-components. Such induction and MRO programs are envisioned to drive the demand for actuators and valves in the region to facilitate and enable seamless integration with other control systems installed in the fleet of naval vessels.

Naval Actuators And Valves Market: Naval Actuators and Valves Market: Market CAGR (%), By Region, Global, 2022

Naval Actuators And Valves Industry Overview

The naval actuators and valves market is semi-consolidated in nature. Some prominent players in the market include MOOG Inc., Honeywell International Inc., Rotork PLC, Emerson Electric Co., and Curtiss-Wright Corporation.

The emerging security environment, fueled by the growing geopolitical unrest in several countries, is resulting in the growing demand for advanced naval systems. To gain long-term contracts and expand their global presence, players are investing significantly in the procurement of new naval assets.

Continuous R&D has been fostering the advancements of accuracy and efficiency of subsystems and other technologies integrated onboard naval vessels. The competition between the players is expected to increase with the surge in defense expenditure.

Naval Actuators And Valves Market Leaders

  1. MOOG Inc.

  2. Honeywell International Inc.

  3. Rotork plc

  4. Emerson Electric Co.

  5. Curtiss-Wright Corporation

*Disclaimer: Major Players sorted in no particular order

Naval Actuators And Valves Market Concentration
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Naval Actuators And Valves Market News

October 2023: Flowserve Corporation, a provider of flow control products and services, entered a definitive agreement under which Flowserve is expected to acquire Velan in an all-cash transaction valued at approximately USD 245 million.

April 2022: Fairbanks Morse Defense (FMD) was awarded a contract by Newport New Shipbuilding (NNS) to provide essential parts through Hunt Valve for the Ford Class aircraft carriers CVN 78 – CVN 81. The contract is valued at approximately USD 2 million.

Naval Actuators And Valves Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Actuator Type

      1. 5.1.1 Mechanical

      2. 5.1.2 Hydraulic

      3. 5.1.3 Pneumatic

      4. 5.1.4 Electrical

      5. 5.1.5 Hybrid

    2. 5.2 Platform

      1. 5.2.1 Defense

      2. 5.2.2 Commercial

    3. 5.3 Material

      1. 5.3.1 Aluminum

      2. 5.3.2 Stainless Steel

      3. 5.3.3 Alloy-based

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Russia

        5. 5.4.2.5 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 India

        2. 5.4.3.2 China

        3. 5.4.3.3 Japan

        4. 5.4.3.4 South Korea

        5. 5.4.3.5 Rest of Asia-Pacific

      4. 5.4.4 Latin America

        1. 5.4.4.1 Mexico

        2. 5.4.4.2 Brazil

        3. 5.4.4.3 Rest of Latin America

      5. 5.4.5 Middle East and Africa

        1. 5.4.5.1 United Arab Emirates

        2. 5.4.5.2 Saudi Arabia

        3. 5.4.5.3 Egypt

        4. 5.4.5.4 Israel

        5. 5.4.5.5 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 MOOG Inc.

      2. 6.2.2 Honeywell International Inc.

      3. 6.2.3 Rotork PLC

      4. 6.2.4 Emerson Electric Co.

      5. 6.2.5 Curtiss-Wright Corporation

      6. 6.2.6 Flowserve Corporation

      7. 6.2.7 IMI PLC

      8. 6.2.8 Diakont

      9. 6.2.9 Schlumberger Limited

      10. 6.2.10 Wärtsilä Corporation

      11. 6.2.11 AUMA Riester GmbH & Co. KG

      12. 6.2.12 Bosch Rexroth AG (Robert Bosch GmbH)

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Naval Actuators And Valves Industry Segmentation

An actuator is a device that converts the energy provided by an external source into control motion that can either be linear or rotary, and a valve is a device used for controlling and regulating fluids through pipes and other delivery systems on a naval vessel.

The naval actuators and valves market is segmented based on actuator type, platform, material, and geography. By actuator type, the market is segmented into mechanical, hydraulic, pneumatic, electrical, and hybrid. By platform, the market is divided into defense and commercial. By material, the market is segmented into aluminum, stainless steel, and alloy-based. The report also covers the market sizes and forecasts for the naval actuators and valves market in major countries across different regions. For each segment, the market size is provided in terms of value (USD).

Actuator Type
Mechanical
Hydraulic
Pneumatic
Electrical
Hybrid
Platform
Defense
Commercial
Material
Aluminum
Stainless Steel
Alloy-based
Geography
North America
United States
Canada
Europe
Germany
United Kingdom
France
Russia
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Rest of Latin America
Middle East and Africa
United Arab Emirates
Saudi Arabia
Egypt
Israel
Rest of Middle East and Africa
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Naval Actuators And Valves Market Research FAQs

The Naval Actuators And Valves Market size is expected to reach USD 3.34 billion in 2024 and grow at a CAGR of 4.64% to reach USD 4.18 billion by 2029.

In 2024, the Naval Actuators And Valves Market size is expected to reach USD 3.34 billion.

MOOG Inc., Honeywell International Inc., Rotork plc, Emerson Electric Co. and Curtiss-Wright Corporation are the major companies operating in the Naval Actuators And Valves Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Naval Actuators And Valves Market.

In 2023, the Naval Actuators And Valves Market size was estimated at USD 3.19 billion. The report covers the Naval Actuators And Valves Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Naval Actuators And Valves Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Naval Actuators And Valves Industry Report

Statistics for the 2024 Naval Actuators and Valves market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Naval Actuators and Valves analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Naval Actuators and Valves Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)