About Military Sensors Software
Military sensors are components used majorly in the weapon, aircraft, or electronic device to detect a change in its surroundings or 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 others. The defense forces in developing countries such as China and India are witnessing increasing procurement of defense systems, thereby, creating a favorable landscape for the key manufacturers in the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
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 Software 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), Lockheed Martin Corporation (United States), Intel Corporation (United States), TE Connectivity Ltd. (Switzerland), Thales Group (France), Curtiss-Wright Corporation (United States), Raytheon Company (United States), Esterline Technologies Corporation (United States), Kongsberg Gruppen ASA (Norway) 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 Rock West Solutions (United States) and Sensors & Software Inc. (Canada).
Segmentation Overview
AMA Research has segmented the market of Global Military Sensors Software market by Type (Sensor (Acoustics, Magnetic, GPS, Proximity, Others) and Software (Data Fusion, Data Processing)), Application (Intelligence & Reconnaissance, Communication & Navigation, Combat Operations, Electronic Warfare, Target Recognition and Others (Command and Control, Surveillance & Monitoring)) and Region.
On the basis of geography, the market of Military Sensors Software 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 Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Ongoing Advancements in MEMS Technology
Market Growth Drivers:
Surge in Military Modernization Program, Increase in Demand for Armored Vehicles and Rise in Adoption of Unmanned Vehicles such as UAVs
Challenges:
Complexity in the Designs of Military Sensors
Restraints:
Stringent Rules and Regulations Related to Weapon Transfer and Associated Technologies and Declining Defense Budgets of Several Developed Countries
Opportunities:
Demand for New Generation Defense System for Air and Space, Integration of Anti-Jamming Capabilities with Navigation Systems and Development of Internet of Things (IoT), Micro-Electro Chemical System and Artificial Intelligence
Market Leaders and their expansionary development strategies
In November2Sensors & Software Inc., a worldwide leader in Ground Penetrating Radar (GPR) innovations, announced that the company has been acquired by SPX Corporation (NYSE:SPXC), a supplier of highly engineered products and technologies, holding leadership positions in the HVAC, detection and measurement, and engineered solutions markets. Sensors & Software will be part of the Detection & Measurement segment of SPX and report through SPX’s Radiodetection business unit.this combination to drive incremental value by leveraging our combined products, technologies, sales networks and channels
In June 2023, RTX Corporation was awarded a USD 117.5 million contract by the US Army for low-rate initial production of 3rd Generation Forward Looking Infrared (3GEN FLIR) B-Kit sensors. The advanced targeting sensor systems enhance lethality, survivability, and situational awareness, providing combat overmatch for the Army's ground combat platforms., and In December 2022, Leonardo DRS (DRS) was awarded a contract worth USD 39.5 million by the US Army to provide advanced infrared sensors for the next-generation sighting systems.
Key Target Audience
Military Sensors Software Developers, Sensor Manufacturers, Government & Defense, Traders/Exporters/Importers/Distributors, End-Use Industry 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.