About Military Sensors
Security systems rely on intelligent and smart sensor technologies and, hence, sensors have become a vital part of military systems. Modern military and defense environments require reliable, proven, and scalable technologies. Sensors are a critical part of the technologies as these offer solutions to the whole defense ecosystem, including complex measurements, controls, monitoring, and execution. Military and defense systems include missiles, drones, spacecraft, military vehicles, ships, marine systems, satellites, and rockets. These systems work in the toughest of environments during normal as well as combat operations. Internal & external security systems rely on smart and intelligent sensor technology for intelligence, surveillance, and combat operations. Therefore, sensors have become an integral part of military systems and the performance needs of all military vehicles, equipment, and related systems.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Billion) |
CAGR | 5.1% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Military Sensors market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Honeywell International Inc. (United States), TE Connectivity Ltd. (Switzerland), Raytheon (United States), Lockheed Martin (United States), Thales (France), Kongsberg Gruppen (Norway), Ultra Electronics (United Kingdom), Esterline Technologies Corporation (United States), General Electric Company (United States) and BAE Systems PLC (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Microflown Avisa B.V. (Netherlands), Vectornav Technologies, LLC (United States), Viooa Imaging Technology (Canada), Rockwest Solutions (United States) and Imperx (United States).
Segmentation Overview
AMA Research has segmented the market of Global Military Sensors market by Type (Hardware, Software and Cybersecurity Solutions), Application (Intelligence & Reconnaissance, Communication & Navigation, Combat Operations, Electronic Warfare, Target Recognition, Command & Control and Surveillance & Monitoring) and Region.
On the basis of geography, the market of Military Sensors has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Platform, the sub-segment i.e. Airborne will boost the Military Sensors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Increasing Demand for Battlespace Awareness among Defense Forces, Increasing Use of UAVs in Modern Warfare and Ongoing Advancements in MEMS Technology
Challenges:
Cybersecurity Risks and Complexity in the Designs of Military Sensors
Restraints:
Lack of Accuracy and Operational Complexities in MEMS Inertial Navigation Sensors and Rules and Regulations Related to the Transfer of Weapons and Their Associated Technologies
Opportunities:
Demand for New Generation Air and Missile Defense Systems and Integration of Anti-Jamming Capabilities with Navigation Systems
Market Leaders and their expansionary development strategies
On 16 July 2019, Raytheon Company announced the submission of its Lower Tier Air and Missile Defense Sensor proposal to the U.S. Army as part of the competition for a new air and missile defense radar. and On 10 June 10, 2019, has signed an agreement with an unnamed air taxi developer to supply multiple units of its new IntuVue RDR-84K Band Radar System for the developer’s urban air mobility (UAM) prototype aircraft. The innovative, compact and lightweight software-based radar detects multiple obstacles in and around its flight path and is a major step toward automating the takeoff and landing of UAM aircraft.
On 3 June 3, 2019, TE Connectivity Sensors Germany Holding AG announced its decision to make a voluntary public tender offer for all outstanding shares of First Sensor AG, a provider of sensing solutions based in Germany. TE Holding and TE have also entered into a business combination agreement with First Sensor which outlines the key parameters that will facilitate the combination of both companies. and On 2 May 2018, GE Awarded 9 Million USD from Office of Naval Research to develop framework enabling the rapid qualification and certification of 3D Printed Replacement and Newly-Designed Parts for Ships, Aircraft, and other Critical Military Assets.
Key Target Audience
Military Sensor Device Manufacturers, Military Sensor Technology Investors, Military Sensor Traders/Distributors, Regulatory & Government Bodies, End Users, Downstream Vendors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.