Global Military sensors market

Military Sensors Market Size, Share, Growth Analysis, By Type (Imaging Sensors, Seismic Sensors), By Platform (Airborne, Land), By Application, By Region - Industry Forecast 2024-2031


Report ID: SQMIG25AG2008 | Region: Global | Published Date: November, 2024
Pages: 157 | Tables: 120 | Figures: 76

Military Sensors Market Dynamics

Military Sensors Market Drivers

Defence Forces are Increasingly Demanding Battlespace Awareness

  • Battlespace situational awareness is critical for defence forces because it allows them to track enemy movements and decode secret information. It is also critical for detecting hostile threats in complex operations.
  • The nature of the issues confronting military forces around the world has changed dramatically. Situational awareness has become crucial to ensure the protection of defence personnel in the increasingly networked digital and data-heavy battlespace. Sensor systems such as Electro-Optics/Infrared (EO/IR) sensors and accompanying data processors are increasingly being used by armed forces to improve the capabilities of defence equipment. 
  • EO/IR systems provide defence troops with instantaneous and continuous surveillance of the whole battlefield by providing full-motion videos and intuitive operator interfaces to gain real-time situational awareness.

Restraints

Lack of Accuracy and Operational Difficulties in MEMS Inertial Navigation Sensors

  • MEMS inertial navigation sensors' limited accuracy limits their performance and usability in applications that demand extremely accurate information. Alternative technologies, such as Ring Laser Gyroscopes (RLGs) and Fibre Optic Gyros (FOGs), are more dependable than MEMS inertial navigation sensors because they produce more accurate readings. RLGs integrate optical frequency generation and rotation sensing functions into a ring-shaped cavity laser oscillator. 
  • FOGs work on the basis of optical fibres that have been tuned to a single frequency of light that is being propagated. An external force is applied to modify the direction of light, and hence the frequency of the propagated light.
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FAQs

Global Military Sensors Market size was valued at USD 10.48 billion in 2022 and is poised to grow from USD 11.10 billion in 2023 to USD 17.56 billion by 2031, growing at a CAGR of 5.90% during the forecast period (2024-2031). 

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 'Honeywell International Inc. (US) ', 'TE Connectivity Ltd. (Switzerland) ', 'Raytheon Technologies (US) ', 'Lockheed Martin (US) ', 'Thales (France) ', 'Kongsberg Gruppen (Norway) ', 'Ultra Electronics (UK) ', 'General Electric Company (US) ', 'BAE Systems PLC (UK) ', 'Crane Aerospace & Electronics, Inc. (US) ', 'Microflown Avisa B.V. (Netherlands) ', 'VectorNav Technologies, LLC (US) ', 'Viooa Imaging Technology (China) ', 'Aerosonic (US) ', 'United Aircraft Technologies (US) ', 'RockWest Solutions (US) ', 'Stellar Technology (US) ', 'LORD Sensing (US) ', 'Emcore Technologies (US) ', 'Amphenol Corporation (US) '

Battlespace situational awareness is critical for defence forces because it allows them to track enemy movements and decode secret information. It is also critical for detecting hostile threats in complex operations.

Emergence of Wireless Sensor Networks (WSN) Offering Growth Avenues: Wireless Sensor Network (WSN) is a new technology that will be useful in monitoring far-away places. A WSN is a network of transducers that is aided by proper communication infrastructure and is specifically built for monitoring and recording at multiple places. 

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.

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Global Military sensors market

Report ID: SQMIG25AG2008

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