According to Fortune Business Insights™, the global naval actuators and valves market size was valued at USD 2.69 billion in 2022. The market is projected to decline slightly to USD 2.55 billion in 2023, before expanding and reaching USD 3.80 billion by 2030, registering a CAGR of 5.84% during the forecast period. This growth is primarily driven by the rising sea trading activity, increasing demand for advanced naval fleets, and continued modernization efforts by global armed forces.
Naval actuators and valves play a critical role in controlling fluid flow and automation onboard naval vessels. Their growing deployment in propulsion systems, weapon handling systems, and carrier flight deck operations is contributing significantly to market growth.
Key Companies Profiled:
- MOOG Inc. (U.S.)
- Honeywell International Inc. (U.S.)
- Rotork plc (U.K.)
- Emerson Electric Co. (U.S.)
- Curtiss Wright Corporation (U.S.)
- Wärtsilä (Finland)
- Rockwell Automation, Inc. (U.S.)
- Woodward, Inc. (U.S.)
- Flowserve Corporation (U.S.)
- Schlumberger Ltd. (U.S.)
Source:
https://www.fortunebusinessinsights.com/naval-actuator-market-105554
Market Segmentation:
- By Platform:
The market is segmented into aircraft carriers, destroyers, frigates, corvettes, offshore patrol vessels, and others. The others segment, which includes large surface combatants, amphibious warships, small surface combatants, support vessels, and combat logistics force, held the largest market share in 2022. This is primarily due to the increasing global procurement of a wide range of naval ships to support tactical missions and logistical operations. - By Type:
Based on type, the market is divided into linear actuators and rotary actuators. In 2022, linear actuators dominated the market, driven by their simple construction, high reliability, and low maintenance requirements. Their ease of use and adaptability across various naval systems contribute to their widespread deployment. - By Application:
The application segment includes propulsion system valve control, weapon handling & release system, carrier flight deck operations, radar deployment operations, navigation system, and others. Among these, carrier flight deck operations led the market in 2022 and is expected to continue its dominance. The growing use of actuators and valves in managing complex aircraft operations onboard carriers is a major driver for this segment’s growth.
Regional Insights:
North America:
North America dominated the market in 2022, driven by massive investments in naval defense programs, increasing manufacturing of cargo and defense vessels, and an overall rise in maritime transport dependency. The U.S. in particular has implemented ambitious fleet modernization plans, including a target to achieve a 355-ship fleet with substantial annual investments in shipbuilding and maintenance.
Asia Pacific:
Asia Pacific is expected to experience the fastest growth over the forecast period, owing to rising seaborne trade, increasing regional defense budgets, and expanding naval shipbuilding programs in countries such as India, China, and South Korea.
Europe:
Europe is projected to grow steadily, with rising demand for both commercial and military naval vessels. Countries like the U.K., France, and Germany are heavily focused on autonomous naval platforms and energy-efficient valve technologies, boosting the demand for advanced actuator systems.
Market Dynamics:
- Drivers:
One of the primary growth drivers of the naval actuators and valves market is the surging demand for naval fleet modernization by major global powers such as the United States, China, and India. These countries are significantly investing in upgrading their maritime defense capabilities. Additionally, the increase in sea trade and maritime logistics operations is creating a need for technologically advanced vessel systems, thereby fueling demand for high-performance actuators and valves. Another key factor is the growth in carrier-based operations, which rely heavily on automated valve and actuator systems for effective flight deck management and aircraft handling. - Restraints:
Despite strong growth prospects, the market faces challenges such as maintenance backlogs and operational delays in existing naval fleets. These issues can negatively impact the timely deployment and integration of new actuator systems, thereby limiting overall market expansion.
Competitive Landscape:
Leading companies are actively engaging in strategic collaborations, contracts, and supply deals to enhance their global footprint and secure long-term defense projects.
For instance:
- In May 2020, CIRCOR International secured six contracts valued at USD 18 million to supply ball valves for the U.S. Navy’s Virginia-class Block V submarines. These products are scheduled for delivery over a three-year period.
Key Industry Developments:
- November 2022: Elettronica marked a major milestone by signing its first-ever contract in Indonesia, supplying its Electronic Radar Countermeasure System for two 90-meter offshore patrol vessels. These ships are under construction at PT Daya Radar Utama shipyard and aim to enhance Indonesia’s maritime surveillance capabilities. The shipyard has also committed to building additional vessels of the same class for the Indonesian Navy.
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