Military Sensor Market
The Military Sensor Market is predicted to expand at a robust CAGR over the forecast period (2020-2027).
The factors driving the growth of Military Sensor Market includes increasing use of military sensors in missiles, radars, and combat aircrafts, growing popularity of microelectromechanical systems (MEMS)-based devices and rising adoption of advanced Unmanned Ariel Vehicles (UAV) to combat terrorism. According to the report published by Bloomberg, the Global UAV Market is estimated to reach more than USD 102,466.7 million by the end of 2030, growing at a CAGR of 19.6%over the forecast period (2022-2030), which will boost the Global Military Sensor Market in the approaching years. Moreover, emerging need to modernize the ageing fighter jets and other military equipment, commercialization of defense industry, rise in the number of joint agreements between the Governments of different countries on manufacturing of hypersonic missiles and air defense systems, are some of the additional factors supplementing the Military Sensor Market size. As per the Asia Times, the Defense and Research Development Organization (DRDO) of India and Russia’s NPO Mashinostroyeniya, are going to jointly develop BrahMos II, a supersonic cruise missile, which is expected to accelerate market growth in Asia-Pacific region.
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However, the growth of Military Sensor Market is hindered due to lack of accuracy and operational complexities.
The leading players operating in the market are Thales Group, Ultra Electronics Holdings, General Electric Company, Honeywell International Inc., Lockheed Martin Corporation, TE Connectivity Ltd., Esterline Technologies Corporation, BAE Systems PLC, Kongsberg Gruppen and Raytheon Company among others.
Component: Segment Analysis
Based on Component, the Software segment is estimated to grow at a remarkable CAGR during the forecast period due to increasing adoption of advanced technologies such as Artificial Intelligence (AI) and Machine Learning (ML) in the military sensors.
Platform: Segment Analysis
Based on Platform, the Land segment is anticipated to expand at a remarkable CAGR during the forecast period attributed to growing adoption of unmanned ground vehicles (UGVs) by militaries around the world.
Regional: Segment Analysis
Based on Region, the Asia-Pacific region is projected to capture the largest market share during the forecast period. Rise in the number of defense start-ups, increasing political tensions between in the South China Sea, rise in Government’s expenditure on the Defense sector, growing disposable incomes and high population density, are some of the important factors augmenting the market growth in Asia-Pacific.
Market Segmentation
Global Military Sensors Market by Component
- Hardware
- Sensors
- Radars
- Infrared Cameras
- Laser Rangefinders
- Laser Target Designators
- Seismic Sensors
- Acoustic Sensors
- Magnetic Sensors
- Sonars
- Lidar
- Pressure Sensors
- Temperature Sensors
- Torque Sensors
- Speed- Sensor
- Position Or Displacement Sensors
- Accelerometers
- Gyroscopes
- GPS Sensor
- Pitot Probes
- Proximity Sensors
- Smoke Detectors
- Particle Sensors
- Gas Sensors
- Others
- Storage
- Processors
- Networks
- Sensors
- Software
- Data Fusion
- Data Processing
- Cybersecurity Solutions
Global Military Sensors Market by Platform
- Airborne
- Fighter Aircraft
- Helicopters
- Combat Support Aircraft
- Unmanned Aerial Vehicles
- Land
- Armored Ground Vehicles
- Combat Support Vehicles
- Unmanned Ground Vehicles (UGVS
- Operating Bases
- Soldiers
- Naval
- Combat Ships
- Combat Support Ships
- Submarines
- Unmanned Marine Vehicles (UMVS)
- Space
- Munitions
- Rockets & Missiles
- Guided Ammunition
- Torpedoes
- Artillery Systems
Global Military Sensors Market by Application
- Intelligence & Reconnaissance
- Communication & Navigation
- Combat Operations
- Electronic Warfare
- Target Recognition
- Command & Control
- Surveillance & Monitoring
Global Electric Ship Market by Region
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
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