by The global Electro Hydraulic Servo Valve Market is estimated to be valued at US$ 2092.39 Mn in 2023 and is expected to exhibit a CAGR of 3.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Electro hydraulic servo valves are used in various aircraft control systems such as flight control systems, hydraulic power control systems, secondary control systems and landing systems. They have advantages such as high dynamic response, high accuracy and precision. They help enhance the fuel efficiency and overall performance of aerospace systems.
Market key trends:
One of the key trends in the electro hydraulic servo valve market is the development of advanced valve technology for aerospace applications. With increasing demand for lightweight and more fuel efficient aircraft, valve manufacturers are focusing on developing compact and high performance valves. For instance, Moog Inc. offers EA3000 series electro hydraulic servo valves specifically developed for high performance aircraft applications. These valves provide bandwidth up to 300 Hz and have advantages such as compact design with high flow and pressure capabilities. Their aerospace oriented design meets demanding certification requirements of aircraft manufacturers.
Segment Analysis
The Global Electro Hydraulic Servo Valve Market is dominated by the industrial robotic sub-segment, accounting for over 40% of the overall market share. This is because electro hydraulic servo valves play a crucial role in controlling robotic movements accurately. They help regulate the flow of hydraulic fluid precisely according to control signals, which allows robotic arms and end effectors to move smoothly and carry out complex tasks.
Key Takeaways
The global Electro Hydraulic Servo Valve market is expected to witness high growth, exhibiting a CAGR of 3.3% over the forecast period, due to increasing industrial automation and use of robots across diverse industries.
Regional analysis
The Asia Pacific region dominates the Electro Hydraulic Servo Valve market and is expected to grow at the fastest rate during the forecast period. This is owing to growth in industrial automation, presence of major automotive producers, and government support for adopting advanced technologies in countries like China, Japan, South Korea, and India.
Key players
Key players operating in the Electro Hydraulic Servo Valve market are Matrox Imaging Ltd., Omron Adept Technology, Inc., Toshiba Teli Corporation, Ltd., Cognex Corporation, ISRA VISION AG, Panasonic Corporation, Omron Microscan Systems Inc., Perceptron, Inc., Sharp Corporation, Edmund Optics, AMETEK, Inc., Teledyne Technologies, Keyence Corporation, Datalogic S.p.A., Sony Corporation, Basler AG, Vitronic GmbH, SICK AG, IMS Messsysteme GmbH, Industrial Vision Systems Ltd., Allied Vision Technologies, Baumer Group.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
