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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Military Sensors Market Outlook
The global military sensors market reached a value of around USD 11.96 billion in 2023. The industry is further projected to grow at a CAGR of 5.8% between 2024 and 2032.
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The rapid development of defence systems by military forces and the continued military modernisation programmes in separate nations are some of the variables anticipated to boost the development of the military sensors industry over the forecast period.
Market Segmentation
The global military sensors market can be divided based on segments like component, platform, and end-use.
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The industry, based on its component, is divided into hardware, software, and cybersecurity solutions. Hardware segment is further subdivided into sensors, storage, and networks, while the software segment is subdivided into data fusion and data processing.
The military sensors market can be divided based on its platform into:
- Airborne
- Fighter Aircraft
- Helicopters
- Combat Support Aircraft
- Unmanned Aerial Vehicles
- Land
- Armoured Ground Vehicles
- Combat Support Vehicles
- Unmanned Ground Vehicles (UGVS)
- Operating Bases
- Soldiers
- Naval
- Combat Ships
- Combat Support Ships
- Submarines
- Unmanned Marine Vehicles (UMVS)
- Space
- Munitions
- Rockets and Missiles
- Guided Ammunition
- Torpedoes
- Artillery Systems
The industry can be broadly categorised based on its end-uses into:
- Intelligence and Reconnaissance
- Communication and Navigation
- Combat Operations
- Electronic Warfare
- Target Recognition
- Surveillance and Monitoring
- Artillery Systems
- Command and Control
- Surveillance and Monitoring
- Artillery System
The EMR report looks into the regional military sensors markets like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
Market Analysis
The increasing demand for real-time data processing and analysis through artificial intelligence and machine learning is anticipated to drive the development of the military sensors market, especially its software segment. The land segment growth can be ascribed to the enhanced demand for unmanned ground vehicles in the defence sector. The electronic warfare segment is expected to develop at the highest CAGR between 2021 and 2026.
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Countries like the United States, China, and India are purchasing military aircrafts, which is aiding the overall market growth. Further, the Asia Pacific market is expected to witness the fastest growth rate driven by the rapidly emerging economies within the region.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global military sensors market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Honeywell International Inc. (NYSE: HON)
- TE Connectivity Ltd.
- Raytheon Company
- Lockheed Martin Corporation
- Thales SA
- Kongsberg Gruppen
- Ultra Electronics
- Esterline Technologies Corporation
- General Electric Company
- BAE Systems PLC
- Microflown Avisa B.V.
- Vectornav Technologies, LLC
- Others
The EMR report gives an in-depth insight into the military sensors market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Component |
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| Breakup by Platform |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global military sensors market attained a value of nearly USD 11.96 billion.
The market is projected to grow at a CAGR of 5.8% between 2024 and 2032.
The key trends guiding the growth of the market include the growing investments in the military and defence sector by various governments, the advent of AI and machine learning, the rising demand for unmanned ground vehicles, and the need for real-time data analysis.
The key trends guiding the growth of the market include the introduction of favourable government initiatives and technological advancements.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Hardware, software, and cybersecurity solutions are the major components of military sensors.
Airborne, land, naval, space, and munitions are the significant platforms of military sensors considered in the market report.
The major end use segments of the product include intelligence and reconnaissance, communication and navigation, combat operations, electronic warfare, target recognition, surveillance and monitoring, artillery systems, and command and control.
The major players in the market are Honeywell International Inc, TE Connectivity Ltd., Raytheon Technologies Corporation, Lockheed Martin Corporation, Thales Group, Kongsberg Gruppen ASA, Ultra Electronics, Esterline Technologies Corporation, General Electric Company, BAE Systems PLC, Microflown Avisa B.V., and Vectornav Technologies, LLC, among others.
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