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.