According to the new market research report by IndustryARC titled "Electro Hydraulic Servo Valve Market: By Product (Single Stage, Double Stage, Others); By Type (Nozzle Flapper, Jet Pipe, Deflector Jet, Dynamic Valve); By Application (Aerospace, Oil, Marine, Industrial); By Function (Flow Control Valves, Pressure and Flow Control Valves, Digital Control Servo Valve, Axis Control Servo Valve, Valves with Special Features); By Geography - Forecast(2018-2023)", the market is driven by the utilization of industrial robots across the vertical along with the rising demand for valves from the aerospace and defence industry for braking, steering, and flight control. The market is expected to grow at a CAGR of 3.85% and reach $1.63 billion by 2023.