Electro hydraulic servo valves find wide application in
aircraft systems to control pressure, switching flow direction and governing
fluid power for flight control actuation, landing gear deployment and other
maneuvers. They offer low friction, high precision and repeatability essential
for aircraft safety and performance. With the ongoing expansion of global
commercial aviation industry and rising military aircraft procurement, demand
for electro hydraulic servo valves from aerospace sector has increased
substantially. The global Electro Hydraulic Servo Valve Market is estimated to
be valued at US$ 2410.44 Bn in 2024 and is expected to exhibit a CAGR of 28.% over the forecast period
2024 to 2031, as highlighted in a new report published by Coherent Market
Insights.
Market key trends:
The rising adoption of electro hydraulic servo valves in aircraft systems
is one of the major trends driving the market growth.Precision control
requirements in aircraft necessitate deployment of electro hydraulic servo
valves. These valves provide high accuracy in controlling hydraulic actuators
for critical flight operations including vertical and horizontal stabilizers,
ailerons, rudder and landing gears. Furthermore, the increasing procurement of
next generation military aircraft along with the development of new commercial
aircraft programs will augment the consumption of electro hydraulic servo
valves over the forecast period.
Segment
Analysis
The global
electro hydraulic servo valve market is dominated by motion control segment.
Motion control segment holds around 45% market share due to widespread
application of electro hydraulic servo valves in industrial robotics, 3D printing,
CNC machines, and semiconductor manufacturing equipment. Electro hydraulic
servo valves provide precision control over hydraulic actuators used in motion
control applications.
Key Takeaways
Regional
analysis:
Asia Pacific region currently dominates the global market
with around 35% share owing to presence of large manufacturing hubs and
increasing automation adoption across industries such as automotive,
electronics and semiconductor in countries such as China, Japan and South
Korea. The region is expected to retain its leading position in the global
electro hydraulic servo valve market throughout the forecast period supported by
growing manufacturing industry and rapid industrialization.
Key players:
Key players operating in the electro hydraulic servo valve
market are Toyota Motor Corporation, Hyundai Motor Company, Honda Motor Co.,
Ltd., and Ballard Power Systems. Toyota Motor Corporation holds more than 15%
market share due to its strong product portfolio and global presence across
application industries. Hyundai Motor Company is another prominent player
focusing on development of high precision valves for industrial robotics and
semiconductor manufacturing equipment.
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