According to the report by Expert Market Research (EMR), the global military sensors market size is projected to grow at a CAGR of 5.8% between 2024 and 2032. Aided by the growing demand for technologically advanced military equipment and the escalating need for surveillance and security measures worldwide, the market is expected to grow significantly by 2032.
Military sensors are integral components in modern defence systems, serving a multitude of functions ranging from surveillance, target acquisition, and navigation, to combat operations. These sensors, which include radar, sonar, lidar, infrared, and seismic sensors, among others, are vital for ensuring situational awareness and tactical advantages on the battlefield.
The surge in the military sensors market growth can be attributed to several key factors. The increasing geopolitical tensions and rising security concerns across various regions have prompted nations to upgrade and enhance their defence capabilities. This has led to substantial investments in military infrastructure, including advanced sensor systems. Moreover, the rapid advancements in sensor technologies, coupled with the integration of artificial intelligence and machine learning, have significantly improved the efficiency, accuracy, and reliability of military sensors.
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Another critical propellant for military sensors market demand is the escalating requirement for unmanned systems, such as drones and autonomous vehicles, which heavily rely on sophisticated sensor systems for navigation and operation. The rising use of these unmanned systems in reconnaissance, surveillance, and combat missions is further propelling the military sensors market.
Additionally, the market is witnessing growth due to the increasing adoption of network-centric warfare techniques. As per the military sensors market analysis, these methods require advanced sensor systems for real-time data collection, processing, and dissemination, enabling better communication and coordination among military units. The emphasis on modernising military communication systems is thus contributing significantly to market expansion.
The market is also benefiting from the growing focus on electronic warfare and cyber defence capabilities. Sensors play a crucial role in detecting, intercepting, and countering electronic and cyber threats, making them essential in safeguarding critical defence infrastructure and assets.
Regionally, North America holds a significant share of the military sensors market size, attributed to the substantial defence spending by countries like the United States and Canada, along with the presence of leading defence contractors and technology firms in the region.
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Military Sensors Market Segmentation
The market can be divided based on component, platform, end use, and region.
Market Breakup by Component
- Hardware
- Sensors
- Storage
- Networks
- Software
- Data Fusion
- Data Processing
- Cybersecurity Solutions
Market Breakup by Platform
- Airborne
- Fighter Aircraft
- Helicopters
- Combat Support Aircraft
- Unmanned Aerial Vehicles
- Land
- Armoured 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 and Missiles
- Guided Ammunition
- Torpedoes
- Artillery Systems
Market Breakup by End Use
- Intelligence and Reconnaissance
- Communication and Navigation
- Combat Operations
- Electronic Warfare
- Target Recognition
- Surveillance and Monitoring
- Artillery Systems
- Command and Control
- Surveillance and Monitoring
- Artillery System
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global military sensors market. Some of the major players explored in the report by Expert Market Research are as follows:
- Honeywell International Inc. (NYSE: HON)
- TE Connectivity Ltd.
- Raytheon Company
- Lockheed Martin Corporation
- Thales SA
- Kongsberg Gruppen
- Ultra Electronics
- Esterline Technologies Corporation
- General Electric Company
- BAE Systems PLC
- Microflown Avisa B.V.
- Vectornav Technologies, LLC
- Others
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