USD 9.97 billion
Report ID:
SQMIG25AG2008 |
Region:
Global |
Published Date: July, 2001
Pages:
157
|Tables:
120
|Figures:
76
Military Sensors Market size was valued at USD 9.97 billion in 2019 and is poised to grow from USD 10.59 billion in 2023 to USD 16.94 billion by 2031, growing at a CAGR of 6.2% in the forecast period (2024-2031).
Several military and aeronautical systems rely heavily on sensors. Defence intelligence, surveillance, and reconnaissance equipment stationed on national borders or in remote places are linked via wireless networks that provide real-time data through sensors. Furthermore, for effective aircraft operation, new and advanced aircraft use sensors such as pressure sensors, temperature sensors, speed sensors, accelerometers, level sensors, flow sensors, gyroscopes, and radar sensors.
Security systems rely on intelligent and smart sensor technologies and have become a crucial component of military systems. Commercially, the market growth is attributed to the evolution of microelectromechanical systems (MEMS). The rising adoption of MEMS-based devices such as micro gyros, microbolometers, and micromirrors is expected to augment the growth of the market. Moreover, military modernization programs carried out in various countries are expected to support market growth.
US Military Sensors Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 9.97 billion
Largest Segment
surveillance & reconnaissance (ISR)
Fastest Growth
surveillance & reconnaissance (ISR)
Growth Rate
6.2% CAGR
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Military Sensors Market is segmented based on type, platform, application, and region. Based on type, the market is segmented 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.
Based on platform, the market is segmented into airborne, land, naval, satellite, munitions. Based on application, the market is segmented 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, engine and operations system.
Based on region, the market is segmented into North America, Asia Pacific, Europe, Latin America and Middle East Africa.
Military Sensors Market Analysis by Application Type:
By type, the electronic warfare is projected to account for a greater expansion in terms of application. Significant technical breakthroughs and sensors followed by the use of electronics in military equipment are resulting in a shift toward multi-layered defence systems, which is projected to drive the electronic warfare segment of the military sensors market during the forecast period. In addition to these issues, the increased usage of unmanned aerial vehicles (UAVs) and the need for ground surveillance, and communication jamming provide potential for the electronic warfare segment.
BAE Systems was awarded a USD 58 million contract to begin low-rate initial manufacturing of an electronic warfare system for F-15s to defend pilots against advanced electromagnetic threats. The scope of the contract includes multispectral sensors and countermeasures, signal processing, microelectronics, and algorithms for radar warning, situational awareness, geolocation, and self-protection.
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Based on region, global military sensors market is segmented into North America, Asia Pacific, Europe, Latin America, and Middle East Africa. North America is expected to lead the military sensors market. Significant R&D efforts by key players in the development of innovative military power solutions, and the growing demand for lightweight and energy-efficient sensors are projected to drive the growth of the military sensors market in this region.
Due to the easy access to various innovative technologies and significant investments by manufacturers in the country for development of improved health monitoring and warfare sensors, the United States is expected to drive the growth of the North American military sensors market during the forecast period. Several advances in the field of military sensors have occurred in the US.
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Military Sensors Market Drivers
Defence Forces are Increasingly Demanding Battlespace Awareness
Restraints
Lack of Accuracy and Operational Difficulties in MEMS Inertial Navigation Sensors
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The global military sensors market is fragmented, with a prominent market player acquiring a sizable portion. Prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective solutions
Top Players in the Global Military Sensors Market
Military Sensors Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to the global military sensors market report analysis, the growing demand for real-time data processing and analysis via artificial intelligence and machine learning is expected to boost the growth of the military sensors. The increased need for unmanned ground vehicles in the defence sector might be attributed to the rise of the land warfare segment. Electronic warfare is predicted to grow at the fastest rate.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 9.97 billion |
Market size value in 2031 | USD 16.94 billion |
Growth Rate | 6.2% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
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Historical Year | 2019 |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Military Sensors Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Military Sensors Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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REQUEST FREE CUSTOMIZATIONMilitary Sensors Market size was valued at USD 9.97 billion in 2019 and is poised to grow from USD 10.59 billion in 2023 to USD 16.94 billion by 2031, growing at a CAGR of 6.2% in the forecast period (2024-2031).
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Report ID: SQMIG25AG2008