Military Sensors Market Report 2024 by Delvens offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance. The global Military Sensors Market size is projected to reach a CAGR of 7.7% from 2023-2030.
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Military sensors are a subsystem of a weapon, aircraft, or electronic device that detects a change in its surrounding or scans its environment to gather information. The collected information is then relayed to another electronic system, normally to a computer processor for processing and analyzing data. Military sensors are used in missiles, combat, aircraft, and radars among a variety of systems for navigation, weapon control, active guidance, target tracking, and environmental awareness. Moreover, sensors such as electro-optical sensors can be used to detect fog, smoke, and dust.
Key Findings
· The type segment is further fragmented into Imaging sensors, Seismic sensors, Acoustic sensors, Magnetic sensors, Pressure sensors, Temperature sensors, Torque sensors, Speed-sensors, Level sensors, Flow sensors, Force sensors, AOA sensors, Altimeter sensors, Position or displacement sensors, Accelerometers, Gyroscopes, GPS sensors, and Proximity sensors. The gyroscope segment is anticipated to dominate the market during the forecast period. The introduction of MEMS-based gyroscopes has been a major point of innovation in gyroscope technology.
· The application segment is further fragmented into Intelligence, surveillance & reconnaissance (ISR), Communication & Navigation, Combat system, electronic warfare, Target recognition system, Command & Control, Weapon and fire control system, Wearable, Cybersecurity, Simulation, and training and Engine and operations system. The Electronic warfare segment is anticipated to dominate the market during the forecast period. Significant technological advancements and integration of sensors and electronics in military equipment are resulting in a shift towards multi-layered Defense systems, which is expected to drive the electronic warfare segment in the military sensors market during the forecast period.
· The platform segment is further fragmented into Airborne, Land, Naval, Satellite, and munitions. The airborne segment is anticipated to dominate the market during the forecast period. The growing adoption of airborne sensors in the Defense sector is boosting the growth of the airborne segment in the military sensors market. One of the factors for the high growth of the military sensors market for air-based platforms is the proliferation of UAVs.
· The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. North America is projected to lead the military sensors market from 2022 to 2028. Significant investments in R&D activities for the development of advanced military power solutions by key players and increased demand for lightweight and energy-efficient sensors are some of the factors expected to fuel the growth of the military sensors market in this region.
Competitive Landscape
· Thales Group
· BAE Systems plc.
· Raytheon Company
· Curtiss-Wright Corporation
· Honeywell International Inc.
· Esterline Technologies Corporation
· Kongsberg Gruppen ASA
· TE Connectivity Ltd.
· Lockheed Martin Corporation
· Rockwest Solutions
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The rising demand for intelligence, surveillance, and reconnaissance since it is a crucial component of modern warfare, providing situational awareness and targeting information to military commanders. Sensors play a key role in its operations, providing the necessary data to detect, track, and identify targets. Further, the integration of sensors with network-centric warfare (NCW) is creating new opportunities for the military sensors market. NCW enables military forces to share data and coordinate operations in real time, and sensors play a critical role in this process. Overall, the increasing geopolitical tension around the world, advancement in sensor technology, and demand for sensor-enabled unmanned systems drive the growth of the military sensor market and continue to grow in the next coming years.
Regional Analysis
North America to Dominate the Market
· North America is projected to lead the military sensors market from 2022 to 2028. Significant investments in R&D activities for the development of advanced military power solutions by key players and increased demand for lightweight and energy-efficient sensors are some of the factors expected to fuel the growth of the military sensors market in this region.
· The US is expected to drive the growth of the North American military sensors market during the forecast period, owing to easy access to various innovative technologies and significant investments being made by manufacturers in the country for the development of improved health monitoring and warfare sensors.
Recent Developments
· November 2020: BAE Systems won a contract worth USD 94 million from the U.S. Navy to deliver the latter with advanced technology. It will be used to develop several unmanned aerial systems.
· May 2020: FLIR Systems received a second contract from the Army to provide unmanned aerial systems for the Soldier Borne Sensor program. The program is capable of offering real-time visual sector scanning.
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Frequently Asked Questions
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