Military Sensors Market – Trends Forecast Till 2030

Market Snapshot

Market Overview

The global Military Sensors Market size is projected to reach a CAGR of 7.7% from 2023-2030.

Military sensors are a subsystem of a weapon, aircraft, or electronic device that detects a change in its surrounding or scans its environment to gather information. The collected information is then relayed to another electronic system, normally to a computer processor for processing and analyzing data. Military sensors are used in missiles, combat, aircraft, and radars among a variety of systems for navigation, weapon control, active guidance, target tracking, and environmental awareness. Moreover, sensors such as electro-optical sensors can be used to detect fog, smoke, and dust.

The military sensors market is anticipated to grow rapidly in the forecast period owing to major driving factors such as rapid technological advancements coupled with the modernization of military systems in different countries. Furthermore, increasing government investments in the Defense sector is likely to augment the growth of the military sensors market.

On the other hand, market growth may negatively be influenced by the regulations associated with the transfer of weapons and related technologies during the forecast period.

The government initiative of lockdown to slow the spread of COVID-19 has impacted the military sensor developers due to workforce shortage. Sensor manufacturers are witnessing a lack of components supply, necessary for the development & manufacturing of military sensors, due to supply chain disruption caused by COVID-19. Defense contractors relying on an international workforce are facing short-term operational issues, due to government-imposed restrictions on travel to control the COVID-19 outbreak. Defense agencies are forced to delay ongoing projects as well as research & development in order to comply with the lockdown imposed by authorities.

Delvens Industry Expert's Standpoint

The rising demand for intelligence, surveillance, and reconnaissance since it is a crucial component of modern warfare, providing situational awareness and targeting information to military commanders. Sensors play a key role in its operations, providing the necessary data to detect, track, and identify targets. Further, the integration of sensors with network-centric warfare (NCW) is creating new opportunities for the military sensors market. NCW enables military forces to share data and coordinate operations in real time, and sensors play a critical role in this process. Overall, the increasing geopolitical tension around the world, advancement in sensor technology, and demand for sensor-enabled unmanned systems drive the growth of the military sensor market and continue to grow in the next coming years.

Market Portfolio

Key Findings

• The type segment is further fragmented 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. The gyroscope segment is anticipated to dominate the market during the forecast period. The introduction of MEMS-based gyroscopes has been a major point of innovation in gyroscope technology. An increase in demand for high-performance inertial navigation systems (INS) has fuelled the growth of gyroscopes in the military sensors market.

• The application segment is further fragmented 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 and Engine and operations system. The Electronic warfare segment is anticipated to dominate the market during the forecast period. Significant technological advancements and integration of sensors and electronics in military equipment are resulting in a shift towards multi-layered Defense systems, which is expected to drive the electronic warfare segment in the military sensors market during the forecast period.

• The platform segment is further fragmented into Airborne, Land, Naval, Satellite, and munitions. The airborne segment is anticipated to dominate the market during the forecast period. The growing adoption of airborne sensors in the Defense sector is boosting the growth of the airborne segment in the military sensors market. One of the factors for the high growth of the military sensors market for air-based platforms is the proliferation of UAVs.
   
• The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. North America is projected to lead the military sensors market from 2022 to 2028. Significant investments in R&D activities for the development of advanced military power solutions by key players and increased demand for lightweight and energy-efficient sensors are some of the factors expected to fuel the growth of the military sensors market in this region.

Regional Analysis

North America to Dominate the Market

• North America is projected to lead the military sensors market from 2022 to 2028. Significant investments in R&D activities for the development of advanced military power solutions by key players and increased demand for lightweight and energy-efficient sensors are some of the factors expected to fuel the growth of the military sensors market in this region.
   
• The US is expected to drive the growth of the North American military sensors market during the forecast period, owing to easy access to various innovative technologies and significant investments being made by manufacturers in the country for the development of improved health monitoring and warfare sensors.

Competitive Landscape

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

Recent Developments

• November 2020: BAE Systems won a contract worth USD 94 million from the U.S. Navy to deliver the latter with advanced technology. It will be used to develop several unmanned aerial systems.
   
• May 2020: FLIR Systems received a second contract from the Army to provide unmanned aerial systems for the Soldier Borne Sensor program. The program is capable of offering real-time visual sector scanning.

Reasons to Acquire

• Increase your understanding of the market for identifying the best and most suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors.
   
• Gain authentic and granular data access for Military Sensors Market so as to understand the trends and the factors involved in changing market situations.
   
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
   
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.

Report Scope