Military Sensors Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Military Sensors Market
The Military Sensors Market size was valued at USD 25.94 billion in 2023, and the market is now projected to grow to 74.91 USD billion by 2032, exhibiting a CAGR of 8.50% during the forecast period of 2023-2030.
This has affected the overall supply and demand chains of the particular market. As a result of the government's lockdown and other steps to stop the coronavirus from spreading, all supply activities were postponed, which decreased the amount of product related to this domain. Many rich and developing nations have seen their economic conditions deteriorate since the COVID-19 pandemic began. Despite the worldwide crises, the defense industry is nevertheless active. U.S. Department of Defense continues to sign contracts, purchase goods, and expedite payments to assist companies. Unfortunately, the COVID-19 pandemic has caused tier 3 and tier 4 suppliers to shut down manufacturing, which has further delayed the delivery of purchased equipment. These factors affected the Military Sensors Market growth.
This is the major factor attributing the growth of this particular market. This factor is majorly involved in taking the revenue numbers above the skies and soaring greater heights and also the sales and demands have been proliferation and increased its value to greater extent. A lot of growth has been observed in the recent times because of this particular factor that contributed and also acted as a catalyst to the overall development of the product market. The need for military sensors is predicted to rise as nations like the United States, China, and India become more concerned about enhancing their defense capabilities. Because warfighting techniques are changing, next-generation military aircraft and armored vehicles are equipped with sophisticated sensors and cyber systems. It is anticipated that a rise in military aircraft purchases to strengthen air defense will support market expansion. This has ultimately outraged the sales and demand for this particular market growth and prosperity. These particular growth driving factors have been recorded to attribute the Military Sensors Market share.
A latest trend has been witnessed to proliferate the market growth. This particular trend has been recorded to be the most profiting trends that have been upgraded to augment the overall market growth. A new technology that will be crucial for monitoring distant areas is the Wireless Sensor Network (WSN). Specifically built to monitor and record various variables at several places, a WSN is a group of transducers supported by suitable communication infrastructure. Military surveillance and seismic activity monitoring are only two of the many military uses for a WSN. It is anticipated that improvements in network technology will increase the effectiveness of combat operations by effectively providing vital information. A lot of specifications have been made to this particular product which has benefited the market growth. This specific trend has influenced the market growth so much so that the revenue and share numbers of this particular product is touching the skies and soaring over.
Comprehensive Analysis of Military Sensors Market
The segmentation of this particular market has been divided and then further subdivided into various categories. Solutions and services are the two market segments based on component. The largest market share in the global market was seized by the solutions segment. The segment with the largest share under solution type is anticipated to be the thermal module sector. The market share for organic solar cells was dominated by the BIPV segment.
This particular region has augmented a lot in the past few years in this particular product market. This specific region held the biggest revenue share. It is projected that over the forecast period, This particular region is actually growing a lot and is anticipated to augment more over the years. Throughout the projected period, the Asia Pacific region is anticipated to develop at the greatest CAGR. These developing nations have raised their military budgets in response to the growing geopolitical tensions between China and India as well as the territorial disputes between India and Pakistan. The region's market is anticipated to increase with the help of the growing need for sophisticated threat detection systems. This particular region has experienced immense proliferation in the market shares and has attributed to the global market revenue.
Global markets are fiercely competitive and highly fragmented. Due to their creative packaging solutions, a few group of large market companies hold a fair amount of market share. Some of the major Companies includes TE Connectivity Ltd. (U.S.), Raytheon Company (U.S.), Curtiss-Wright Corporation (U.S.), Honeywell International Inc. (U.S.), and Thales Group (France).
In July 2021, This particular company has attributed the market growth in terms of revenue and shares system. The U.S. Army has awarded a USD 24 million contract to QinetiQ Inc. for the construction of three SPECTRE next generation full spectrum hyperspectral prototype sensors. In addition to other vital sensor payloads and armaments, this sensor allows multi-mission Unmanned Aircraft Systems (UAS) and crewed aircraft to operate in simultaneously. This particular development and investment the global market has been recorded to be a boon for the market growth.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2016-2027
Base Year 2019
Forecast Period 2020-2027
Historical Period 2016-2018
Unit Value (USD billion)
Segmentation Platform; Component; Application and Geography
By Platform
Ground
Airborne
Naval
Space
By Component
Hardware
LIDAR Sensor
Magnetic Sensor
Pressure Sensor
Temperature Sensor
Force Sensor
Radar Sensor
Accelerometer
Speed Sensor
Vibration Sensor
Torque Sensor
Proximity Sensor
Gyroscope
GPS Sensor
SONAR
Laser Target Designator
Angle of Attack (AOA) Sensor
Flow Sensor
Position Sensor
Software
By Application
Navigation & Communication
Intelligence & Reconnaissance
Electronic Warfare
Command & Control
Monitoring & Surveillance
Target Recognition
By Geography
North America (By Platform, Component, Application, and Country)
The U.S. (By Platform)
Canada (By Platform)
Europe (By Platform, Component, Application, and Country)
The U.K. (By Platform)
Germany (By Platform)
France (By Platform)
Italy (By Platform)
Rest of Europe (By Platform)
Asia-Pacific (By Platform, Component, Application, and Country)
China (By Platform)
India (By Platform)
Japan (By Platform)
Australia (By Platform)
Rest of Asia-Pacific (By Platform)
Rest of the World (By Platform, Component, Application, and Country)
South America (By Platform)
The Middle East & Africa (By Platform)
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Industry Developments – Key Contracts & Agreements, Mergers, Acquisitions and Partnerships
- 4.2. Latest technological Advancements
- 4.3. Porters Five Forces Analysis
- 4.4. Supply Chain Analysis
- 5. Quantitative Insights- Impact of COVID-19 Pandemic on Global Military Sensors Market
- 5.1. Impact of the COVID-19 pandemic on the global military sensors market
- 5.2. Steps taken by Industry/ Companies/ Governments to overcome the impact
- 5.3. Key Developments in the Industry in Response to COVID-19 pandemic
- 5.4. Potential opportunities due to COVID-19 Outbreak
- 6. Global Military Sensors Market Analysis, Insights and Forecast, 2016-2027
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Platform
- 6.2.1.1. Ground
- 6.2.1.2. Airborne
- 6.2.1.3. Naval
- 6.2.1.4. Space
- 6.2.2. By Component
- 6.2.2.1. Hardware
- 6.2.2.1.1. LIDAR Sensor
- 6.2.2.1.2. Magnetic Sensor
- 6.2.2.1.3. Pressure Sensor
- 6.2.2.1.4. Temperature Sensor
- 6.2.2.1.5. Force Sensor
- 6.2.2.1.6. Radar Sensor
- 6.2.2.1.7. Accelerometer
- 6.2.2.1.8. Speed Sensor
- 6.2.2.1.9. Vibration Sensor
- 6.2.2.1.10. Torque Sensor
- 6.2.2.1.11. Proximity Sensor
- 6.2.2.1.12. Gyroscope
- 6.2.2.1.13. GPS Sensor
- 6.2.2.1.14. SONAR
- 6.2.2.1.15. Laser Target Designator
- 6.2.2.1.16. Angle of Attack (AOA) Sensor
- 6.2.2.1.17. Flow Sensor
- 6.2.2.1.18. Position Sensor
- 6.2.2.2. Software
- 6.2.3. By Application
- 6.2.3.1. Navigation & Communication
- 6.2.3.2. Intelligence & Reconnaissance
- 6.2.3.3. Electronic Warfare
- 6.2.3.4. Command & Control
- 6.2.3.5. Monitoring & Surveillance
- 6.2.3.6. Target Recognition
- 6.2.4. By Region
- 6.2.4.1. North America
- 6.2.4.2. Europe
- 6.2.4.3. Asia pacific
- 6.2.4.4. Rest of the World
- 7. North America Military Sensors Market Analysis, Insights and Forecast, 2016-2027
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Platform
- 7.2.1.1. Ground
- 7.2.1.2. Airborne
- 7.2.1.3. Naval
- 7.2.1.4. Space
- 7.2.2. By Component
- 7.2.2.1. Hardware
- 7.2.2.1.1. LIDAR Sensor
- 7.2.2.1.2. Magnetic Sensor
- 7.2.2.1.3. Pressure Sensor
- 7.2.2.1.4. Temperature Sensor
- 7.2.2.1.5. Force Sensor
- 7.2.2.1.6. Radar Sensor
- 7.2.2.1.7. Accelerometer
- 7.2.2.1.8. Speed Sensor
- 7.2.2.1.9. Vibration Sensor
- 7.2.2.1.10. Torque Sensor
- 7.2.2.1.11. Proximity Sensor
- 7.2.2.1.12. Gyroscope
- 7.2.2.1.13. GPS Sensor
- 7.2.2.1.14. SONAR
- 7.2.2.1.15. Laser Target Designator
- 7.2.2.1.16. Angle of Attack (AOA) Sensor
- 7.2.2.1.17. Flow Sensor
- 7.2.2.1.18. Position Sensor
- 7.2.2.2. Software
- 7.2.3. By Application
- 7.2.3.1. Navigation & Communication
- 7.2.3.2. Intelligence & Reconnaissance
- 7.2.3.3. Electronic Warfare
- 7.2.3.4. Command & Control
- 7.2.3.5. Monitoring & Surveillance
- 7.2.3.6. Target Recognition
- 7.2.4. By Country
- 7.2.4.1. The U.S.
- 7.2.4.1.1. By Platform
- 7.2.4.1.1.1. Ground
- 7.2.4.1.1.2. Airborne
- 7.2.4.1.1.3. Naval
- 7.2.4.1.1.4. Space
- 7.2.4.2. Canada
- 7.2.4.2.1. By Platform
- 7.2.4.2.1.1. Ground
- 7.2.4.2.1.2. Airborne
- 7.2.4.2.1.3. Naval
- 7.2.4.2.1.4. Space
- 8. Europe Military Sensors Market Analysis, Insights and Forecast, 2016-2027
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecast
- 8.2.1. By Platform
- 8.2.1.1. Ground
- 8.2.1.2. Airborne
- 8.2.1.3. Naval
- 8.2.1.4. Space
- 8.2.2. By Component
- 8.2.2.1. Hardware
- 8.2.2.1.1. LIDAR Sensor
- 8.2.2.1.2. Magnetic Sensor
- 8.2.2.1.3. Pressure Sensor
- 8.2.2.1.4. Temperature Sensor
- 8.2.2.1.5. Force Sensor
- 8.2.2.1.6. Radar Sensor
- 8.2.2.1.7. Accelerometer
- 8.2.2.1.8. Speed Sensor
- 8.2.2.1.9. Vibration Sensor
- 8.2.2.1.10. Torque Sensor
- 8.2.2.1.11. Proximity Sensor
- 8.2.2.1.12. Gyroscope
- 8.2.2.1.13. GPS Sensor
- 8.2.2.1.14. SONAR
- 8.2.2.1.15. Laser Target Designator
- 8.2.2.1.16. Angle of Attack (AOA) Sensor
- 8.2.2.1.17. Flow Sensor
- 8.2.2.1.18. Position Sensor
- 8.2.2.2. Software
- 8.2.3. By Application
- 8.2.3.1. Navigation & Communication
- 8.2.3.2. Intelligence & Reconnaissance
- 8.2.3.3. Electronic Warfare
- 8.2.3.4. Command & Control
- 8.2.3.5. Monitoring & Surveillance
- 8.2.3.6. Target Recognition
- 8.2.4. By Country
- 8.2.4.1. The U.K.
- 8.2.4.1.1. By Platform
- 8.2.4.1.1.1. Ground
- 8.2.4.1.1.2. Airborne
- 8.2.4.1.1.3. Naval
- 8.2.4.1.1.4. Space
- 8.2.4.2. Germany
- 8.2.4.2.1. By Platform
- 8.2.4.2.1.1. Ground
- 8.2.4.2.1.2. Airborne
- 8.2.4.2.1.3. Naval
- 8.2.4.2.1.4. Space
- 8.2.4.3. France
- 8.2.4.3.1. By Platform
- 8.2.4.3.1.1. Ground
- 8.2.4.3.1.2. Airborne
- 8.2.4.3.1.3. Naval
- 8.2.4.3.1.4. Space
- 8.2.4.4. Italy
- 8.2.4.4.1. By Platform
- 8.2.4.4.1.1. Ground
- 8.2.4.4.1.2. Airborne
- 8.2.4.4.1.3. Naval
- 8.2.4.4.1.4. Space
- 8.2.4.4.1.5. Russia
- 8.2.4.4.2. By Platform
- 8.2.4.4.2.1. Ground
- 8.2.4.4.2.2. Airborne
- 8.2.4.4.2.3. Naval
- 8.2.4.4.2.4. Space
- 8.2.4.4.2.5. Rest of Europe
- 8.2.4.4.3. By Platform
- 8.2.4.4.3.1. Ground
- 8.2.4.4.3.2. Airborne
- 8.2.4.4.3.3. Naval
- 8.2.4.4.3.4. Space
- 9. Asia-Pacific Military Sensors Market Analysis, Insights and Forecast, 2016-2027
- 9.1. Key Findings / Summary
- 9.2. Market Size Estimates and Forecast
- 9.2.1. By Platform
- 9.2.1.1. Ground
- 9.2.1.2. Airborne
- 9.2.1.3. Naval
- 9.2.1.4. Space
- 9.2.2. By Component
- 9.2.2.1. Hardware
- 9.2.2.1.1. LIDAR Sensor
- 9.2.2.1.2. Magnetic Sensor
- 9.2.2.1.3. Pressure Sensor
- 9.2.2.1.4. Temperature Sensor
- 9.2.2.1.5. Force Sensor
- 9.2.2.1.6. Radar Sensor
- 9.2.2.1.7. Accelerometer
- 9.2.2.1.8. Speed Sensor
- 9.2.2.1.9. Vibration Sensor
- 9.2.2.1.10. Torque Sensor
- 9.2.2.1.11. Proximity Sensor
- 9.2.2.1.12. Gyroscope
- 9.2.2.1.13. GPS Sensor
- 9.2.2.1.14. SONAR
- 9.2.2.1.15. Laser Target Designator
- 9.2.2.1.16. Angle of Attack (AOA) Sensor
- 9.2.2.1.17. Flow Sensor
- 9.2.2.1.18. Position Sensor
- 9.2.2.2. Software
- 9.2.3. By Application
- 9.2.3.1. Navigation & Communication
- 9.2.3.2. Intelligence & Reconnaissance
- 9.2.3.3. Electronic Warfare
- 9.2.3.4. Command & Control
- 9.2.3.5. Monitoring & Surveillance
- 9.2.3.6. Target Recognition
- 9.2.4. By Country
- 9.2.4.1. China
- 9.2.4.1.1. By Platform
- 9.2.4.1.1.1. Ground
- 9.2.4.1.1.2. Airborne
- 9.2.4.1.1.3. Naval
- 9.2.4.1.1.4. Space
- 9.2.4.1.1.5. Japan
- 9.2.4.1.2. By Platform
- 9.2.4.1.2.1. Ground
- 9.2.4.1.2.2. Airborne
- 9.2.4.1.2.3. Naval
- 9.2.4.1.2.4. Space
- 9.2.4.1.2.5. India
- 9.2.4.1.3. By Platform
- 9.2.4.1.3.1. Ground
- 9.2.4.1.3.2. Airborne
- 9.2.4.1.3.3. Naval
- 9.2.4.1.3.4. Space
- 9.2.4.2. Australia
- 9.2.4.2.1. By Platform
- 9.2.4.2.1.1. Ground
- 9.2.4.2.1.2. Airborne
- 9.2.4.2.1.3. Naval
- 9.2.4.2.1.4. Space
- 9.2.4.3. Rest of Asia-Pacific
- 9.2.4.3.1. By Platform
- 9.2.4.3.1.1. Ground
- 9.2.4.3.1.2. Airborne
- 9.2.4.3.1.3. Naval
- 9.2.4.3.1.4. Space
- 10. Rest of the World Military Sensors Market Analysis, Insights and Forecast, 2016-2027
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecast
- 10.2.1. By Platform
- 10.2.1.1. Ground
- 10.2.1.2. Airborne
- 10.2.1.3. Naval
- 10.2.1.4. Space
- 10.2.2. By Component
- 10.2.2.1. Hardware
- 10.2.2.1.1. LIDAR Sensor
- 10.2.2.1.2. Magnetic Sensor
- 10.2.2.1.3. Pressure Sensor
- 10.2.2.1.4. Temperature Sensor
- 10.2.2.1.5. Force Sensor
- 10.2.2.1.6. Radar Sensor
- 10.2.2.1.7. Accelerometer
- 10.2.2.1.8. Speed Sensor
- 10.2.2.1.9. Vibration Sensor
- 10.2.2.1.10. Torque Sensor
- 10.2.2.1.11. Proximity Sensor
- 10.2.2.1.12. Gyroscope
- 10.2.2.1.13. GPS Sensor
- 10.2.2.1.14. SONAR
- 10.2.2.1.15. Laser Target Designator
- 10.2.2.1.16. Angle of Attack (AOA) Sensor
- 10.2.2.1.17. Flow Sensor
- 10.2.2.1.18. Position Sensor
- 10.2.2.2. Software
- 10.2.3. By Application
- 10.2.3.1. Navigation & Communication
- 10.2.3.2. Intelligence & Reconnaissance
- 10.2.3.3. Electronic Warfare
- 10.2.3.4. Command & Control
- 10.2.3.5. Monitoring & Surveillance
- 10.2.3.6. Target Recognition
- 10.2.4. By Sub-region
- 10.2.4.1. South America
- 10.2.4.1.1. By Platform
- 10.2.4.1.1.1. Ground
- 10.2.4.1.1.2. Airborne
- 10.2.4.1.1.3. Naval
- 10.2.4.1.1.4. Space
- 10.2.4.2. The Middle East & Africa
- 10.2.4.2.1. By Platform
- 10.2.4.2.1.1. Ground
- 10.2.4.2.1.2. Airborne
- 10.2.4.2.1.3. Naval
- 10.2.4.2.1.4. Space
- 11. Competitive Matrix
- 11.1. Global Military Sensors Market Revenue Share/Ranking Analysis, By Key Manufacturer
- 11.2. Company Profiles
- 11.2.1. Honeywell International Inc.
- 11.2.1.1. Description
- 11.2.1.2. Product Portfolio
- 11.2.1.3. Financials (Data as available in public Application and/or on paid databases)
- 11.2.1.4. Recent Developments
- 11.2.2. Thales Group
- 11.2.2.1. Description
- 11.2.2.2. Product Portfolio
- 11.2.2.3. Financials (Data as available in public Application and/or on paid databases)
- 11.2.2.4. Recent Developments
- 11.2.3. Curtis-Wright Corporation
- 11.2.3.1. Description
- 11.2.3.2. Product Portfolio
- 11.2.3.3. Financials (Data as available in public Application and/or on paid databases)
- 11.2.3.4. Recent Developments
- 11.2.4. TE Connectivity Ltd.
- 11.2.4.1. Description
- 11.2.4.2. Product Portfolio
- 11.2.4.3. Financials (Data as available in public Application and/or on paid databases)
- 11.2.4.4. Recent Developments
- 11.2.5. Raytheon Company
- 11.2.5.1. Description
- 11.2.5.2. Product Portfolio
- 11.2.5.3. Financials (Data as available in public Application and/or on paid databases)
- 11.2.5.4. Recent Developments
- 11.2.6. Kongsberg Gruppen ASA
- 11.2.6.1. Description
- 11.2.6.2. Product Portfolio
- 11.2.6.3. Financials (Data as available in public Application and/or on paid databases)
- 11.2.6.4. Recent Developments
- 11.2.7. BAE Systems PLC
- 11.2.7.1. Description
- 11.2.7.2. Product Portfolio
- 11.2.7.3. Financials (Data as available in public Application and/or on paid databases)
- 11.2.7.4. Recent Developments
- 11.2.8. Lockheed Martin Corporation
- 11.2.8.1. Description
- 11.2.8.2. Product Portfolio
- 11.2.8.3. Financials (Data as available in public Application and/or on paid databases)
- 11.2.8.4. Recent Developments
- 11.2.9. Imperx Inc.
- 11.2.9.1. Description
- 11.2.9.2. Product Portfolio
- 11.2.9.3. Financials (Data as available in public Application and/or on paid databases)
- 11.2.9.4. Recent Developments
- 11.2.10. Northrop Grumman Corporation
- 11.2.10.1. Description
- 11.2.10.2. Product Portfolio
- 11.2.10.3. Financials (Data as available in public Application and/or on paid databases)
- 11.2.10.4. Recent Developments
- 12. Appendix
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