Military Sensors Market Size, Trends, Growth and Report 2027
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
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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