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Military Sensors Market

Military Sensors Market by Application (Intelligence, Surveillance, Reconnaissance, Communication and Navigation, Target Recognition, Electronic Warfare, Command and Control), by Type (Imaging sensors, Seismic sensors, Acoustic sensors, Magnetic sensors, Pressure sensors, Temperature sensors), by Component (Software, Hardware, Cybersecurity Solutions), by Platform (Airborne, Land, Naval, Munitions, Satellites), and Regions | Global Market Forecasts 2022-2028

Report Id: SNS/A&D/1241 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Military Sensors Market Size was valued at USD 10.1 billion in 2021 and expected to reach USD 15.28 billion by 2028, and grow at a CAGR of 6.1% over the forecast period 2022-2028.

The global military sensors market is expanding rapidly as militaries around the world increase their purchases of defense systems. Military sensors are components of a weapon, aircraft, or electronic device that detect changes in their surroundings or scan their surroundings to gather information. The collected data is then relayed to another electronic system, typically a computer processor, for data processing and analysis. Military sensors are used in a variety of systems such as missiles, combat aircraft, and radars for navigation, weapon control, active guidance, target tracking, and environmental awareness. Furthermore, sensors such as electro-optical sensors can detect fog, smoke, and dust. Sensors play an important role in providing solutions to the entire defense ecosystem, including complex controls, measures, monitoring, and implementation. Current military and defense environments require technology that is efficient, dependable, and scalable.

Military Sensors Market Revenue Graph

Missiles, drones, spaceships, military vehicles, sea systems, ships, rocket systems, and satellites are examples of military and defense systems. Such systems operate in harsh environments during both regular and combat operations. Furthermore, smart sensor technology is used by internal and external security systems to track and support military operations. Sensors have thus become an essential component of military systems.

MARKET DYNAMICS:

KEY DRIVERS:

  • Rising demand of battlespace

  • Enhancing technology

RESTRAINTS:

  • Lack of accuracy

  • Operational Complexities in Maintenance and Assembling

OPPORTUNITIES:

  • New generation technology demand is high

  • Continuous development of hardware and software

CHALLENGES:

  • Cybersecurity risk and enhancement

  • High technology maintenance

THE IMPACT OF COVID-19

Due to a workforce scarcity, the government's lockdown campaign to limit the spread of COVID-19 has harmed military sensor developers.

Long-term market drivers for military sensors remain strong, and the market had begun to show signs of recovery from the major market price reset prior to the pandemic. The COVID-19 pandemic has swept the world, leaving many industries struggling to survive. Governments and companies involved in sensor technology are reacting differently to the new situation. Some product launches are proceeding, while others are not; some tests are ongoing, while others are postponed; some businesses remain open, while others have closed.

Due to the supply chain disruption created by COVID-19, sensor producers are experiencing a shortage of components required for the development and manufacturing of military sensors.

Defense contractors who rely on international labour are experiencing short-term operating challenges as a result of travel restrictions imposed by the government to combat the COVID-19 outbreak.

Defense agencies are being obliged to postpone ongoing initiatives as well as research and development in order to comply with the authorities' shutdown.

MARKET ESTIMATION

The emergence of MEMS-based gyroscopes was a significant innovation in gyroscope technology. Demand for high-performance inertial navigation systems has spurred the expansion of gyroscopes in the military sensor industry. The military aviation industry, which is a significant user of inertial navigation systems, has been a major driver of market growth and is likely to continue to do so. The rising use of drones and unmanned aerial vehicles in the defense sector will also have a significant impact on market growth.

The military sensors market is divided into communication and navigation, electronic warfare, combat operations, intelligence and reconnaissance, command and control, target recognition, and surveillance and monitoring. From 2022 to 2028, the surveillance & monitoring category is expected to have the greatest market size. Drones are being used for surveillance of various military actions in economies such as India, China, Indonesia, and Japan, which will increase demand for the surveillance and monitoring segment in the near future. The increasing use of airborne sensors in the defense sector is propelling the airborne segment of the military sensors market forward. The proliferation of UAVs is one of the factors driving the rapid expansion of the military sensors market for air-based platforms. Countries all over the world are investing in unmanned aerial vehicles to improve surveillance. Various countries are also adding new fighter aircraft fleets or upgrading current fighter aircraft with cutting-edge sensor technology, which will play a significant role in the growth of the airborne military sensor market. The rapid evolution of geopolitical dynamics around the world, combined with rising terrorism threats, emerging economies' procurement plans, modernizations, and political instability in a few locations, will fuel demand for airborne military sensors.

MARKET KEY PLAYER

Rockwest Solutions., Esterline Technologies Corporation, Honeywell International Inc., Thales Group, BAE Systems plc., Curtiss-Wright Corporation, Kongsberg Gruppen ASA, TE Connectivity Ltd., Lockheed Martin Corporation, Raytheon Company, and other players.

MARKET SEGMENTATION

by Application

  • Intelligence

  • Surveillance

  • Reconnaissance

  • Communication and Navigation

  • Target Recognition

  • Electronic Warfare

  • Command and Control

by Type

  • Imaging sensors

  • Seismic sensors

  • Acoustic sensors

  • Magnetic sensors

  • Pressure sensors

  • Temperature sensors

by Component

  • Software

  • Hardware

  • Cybersecurity Solutions

by Platform

  • Airborne

  • Land

  • Naval

  • Munitions

  • Satellites

Military Sensors Market Segment Chart

REGIONAL ANALYSIS:

North America is expected to lead the military sensory market from 2022 to 2028. Significant investment in R&D activities to develop military power solutions developed by key players and the growing need for lightweight and energy-saving nerves are some of the factors that are expected to advance military power. the growth of the military sensory market in the region. The US is expected to continue the growth of the North American military nerve market during the forecast period, thanks to easy access to various new technologies and important investments made by manufacturers in the country to promote improved health and military sensitivity. Several advances have been made in the field of military nerves in the region. a cost conversion and fixed cost contract was awarded to Honeywell International for merging Advanced Battle Management Systems (ABMS) with a variety of sensors and sensor modes.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Military Sensors Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 10.1 Billion
Market Size by 2028 US$ 15.28 Billion
CAGR CAGR of 6.1% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Application (Intelligence, Surveillance, Reconnaissance, Communication and Navigation, Target Recognition, Electronic Warfare, Command and Control)
• By Type (Imaging sensors, Seismic sensors, Acoustic sensors, Magnetic sensors, Pressure sensors, Temperature sensors)
• By Component (Software, Hardware, Cybersecurity Solutions)
• By Platform (Airborne, Land, Naval, Munitions, Satellites)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Rockwest Solutions., Esterline Technologies Corporation, Honeywell International Inc., Thales Group, BAE Systems plc., Curtiss-Wright Corporation, Kongsberg Gruppen ASA, TE Connectivity Ltd., Lockheed Martin Corporation, Raytheon Company, and other players.
DRIVERS • Rising demand of battlespace
• Enhancing technology
RESTRAINTS • Lack of accuracy
• Operational Complexities in Maintenance and Assembling


Frequently Asked Questions (FAQ) :


Table of Contents:

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2.Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

 

5.Value Chain Analysis

 

6.Porter’s 5 forces model

 

7. PEST Analysis

 

8. Military Sensors Market, by Application

8.1 Intelligence

8.2 Surveillance

8.3 Reconnaissance

8.4 Communication and Navigation

8.5 Target Recognition

8.6 Electronic Warfare

8.7 Command and Control

 

9. Military Sensors Market, by Type

9.1 Imaging sensors

9.2 Seismic sensors

9.3 Acoustic sensors

9.4 Magnetic sensors

9.5 Pressure sensors

9.6 Temperature sensors

 

10. Military Sensors Market, by Component

10.1 Software

10.2 Hardware

10.3 Cybersecurity Solutions

 

11. Military Sensors Market, by Platform

11.1 Airborne

11.2 Land

11.3 Naval

11.4 Munitions

11.5 Satellites

 

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2    Canada

12.2.3    Mexico

12.3        Europe

12.3.1    Germany

12.3.2    UK

12.3.3    France

12.3.4    Italy

12.3.5    Spain

12.3.6    The Netherlands

12.3.7    Rest of Europe

12.4        Asia-Pacific

12.4.1    Japan

12.4.2    South Korea

12.4.3    China

12.4.4    India

12.4.5    Australia

12.4.6    Rest of Asia-Pacific

12.5        The Middle East & Africa

12.5.1    Israel

12.5.2    UAE

12.5.3    South Africa

12.5.4    Rest

12.6        Latin America

12.6.1    Brazil

12.6.2    Argentina

12.6.3    Rest of Latin America

 

13.Company Profiles

13.1 Thales Group

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 BAE Systems plc.

13.3 Raytheon Company

13.4 Curtiss-Wright Corporation

13.5 Honeywell International Inc.

13.6 Esterline Technologies Corporation

13.7 Kongsberg Gruppen ASA

13.8 TE Connectivity Ltd.

13.9 Lockheed Martin Corporation

13.10 Rockwest Solutions.

 

14. Competitive Landscape

14.1 Competitive Benchmark

14.2 Market Share analysis

14.3 Recent Developments

 

15. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

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This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

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Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

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