The global military sensors market size is set to gain impetus from the emergence of the Wireless Sensor Network (WSN) technology. It is mainly designed for recording and monitoring various conditions at different locations. This information is given by Fortune Business Insights™ in a new report, titled, Military Sensors Market Size, Share & COVID-19 Impact Analysis, By Platform (Ground, Airborne, Naval, Space), By Component (Hardware, Software), By Application (Navigation & Communication, Intelligence & Reconnaissance, Electronic Warfare, Command & Control, Monitoring & Surveillance, Target Recognition), and Regional Forecast, 2020-2027.” The report further states that the market size was USD 25.94 billion in 2019 and is projected to reach USD 34.58 billion by 2027, exhibiting a CAGR of 6.91% during the forecast period.

 

COVID-19 Pandemic to Affect Growth Stoked by Halt of Production Globally

The COVID-19 pandemic has taken a toll on the global economy. Tire 3 and tier 4 suppliers have halted their production because of the lack of workforce. Therefore, it is delaying the delivery of military sensors worldwide. Besides, the U.S. has started investing more in developing novel technologies to prevent COVID-19 pandemic. It would augment growth. Our accurate reports will help you better understand the current scenario of the industry.

Get Sample PDF Brochure (Includes COVID-19 Impact Analysis):

https://www.fortunebusinessinsights.com/enquiry/covid19-impact/military-sensors-market-104666

 

List of top manufacturers operating in this global military sensors market:

  • Honeywell International Inc. (The U.S.)
  • Thales Group (France)
  • Curtiss-Wright Corporation (The U.S.)
  • TE Connectivity Ltd. (The U.S.)
  • Raytheon Company (The U.S.)
  • Kongsberg Gruppen ASA (Norway)
  • BAE Systems PLC (The U.K.)
  • Lockheed Martin Corporation (The U.S.)
  • Imperx, Inc. (The U.S.)

 

How Did We Create This Report?

As customer expectations are changing, the aspirations of dealers are also transforming rapidly. Distribution channels are becoming complex. To provide our clients with detailed information, we have conducted extensive primary and secondary research. We have thoroughly investigated each opportunity qualitatively and quantitatively so that our clients get a complete picture of both emerging and existing opportunities. We have also conducted a techno-economic study.

 

Drivers & Restraints-

Increasing Development of MEMS-based Sensors to Accelerate Growth

The development of military sensors depends more on optical microelectromechanical systems (MEMS) and RF MEMS devices. These are capable of meeting special military requirements. MEMS have multiple beneficial properties. They have high reliability, low power consumption, and compact sizes. Hence, they are mainly used to develop sensors for unmanned aerial vehicles (UAVs), missiles, battlefield tanks, drone electronics, and surveillance.

At the same time, nanotechnology-based and MEMS-based military sensors are extensively utilized in monitoring the weapon’s health and battlefield environment. However, these sensors have complex designs, which, in turn, may obstruct the military sensors market growth in the near future.

 

Segment-

Airborne Segment to Grow Rapidly Backed by Surging Usage of Military Helicopters & UAVs

Based on the platform, the airborne segment generated 27.03% in terms of the military sensors market share in 2019. It is expected to show the highest CAGR throughout the forthcoming years because of the rising usage of UAVs, fighter jets, and military helicopters in India, China, and the U.S.

Inquire Before Buying This Research Report:

https://www.fortunebusinessinsights.com/enquiry/queries/military-sensors-market-104666

 

Regional Insights-

Rising Modernization Programs to Boost Growth in North America

In 2019, North America procured USD 10.05 billion in terms of revenue and is set to dominate in the coming years. The rising initiatives by governments to conduct modernization programs, as well as the procurement of 3D expeditionary long-range radar in the region, would aid growth.

Europe, on the other hand, is set to grow substantially on account of the rising usage of EOIR military sensors by the U.K. Defense Ministry. In Asia Pacific, the increasing territorial disputes between India and Pakistan, as well as the geopolitical tensions between China and India, would contribute to growth.

This report focuses on Military Sensors volume and value at the global level, regional level, and company level. From a global perspective, this report represents the overall Military Sensors market size by analyzing historical data and prospect. The report gives a clear understanding of the current market situation which includes region-wise industry environment, contemporary market and manufacturing trends, leading market contenders, and current consumption tendency of the end-user. The report also oversees market size, market share, growth rate, revenue, and CAGR reported previously along with its forecast estimation.

 

Competitive Landscape-

Key Players Focus on Gaining New Contracts to Compete with Their Rivals

The market contains numerous prominent companies that are persistently striving to gain a competitive edge by procuring new contracts from government agencies. They are doing so to deliver their in-house military sensors.

 

Below are two of the latest industry 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.

 

View Related Reports:

https://mighty-men.mn.co/posts/16215627

https://freesaloneducation.mn.co/posts/16215639

https://re-peat.mn.co/posts/16215652

https://synkretic.mn.co/posts/unmanned-ground-vehicles-market

https://xpressher.mn.co/posts/unmanned-ground-vehicles-market-report-by-technology-industry-share-and-size-expansion-to-2026-fortune-business-insights%E2%84%A2

https://signalsnetwork.mn.co/posts/16215711

https://lxgonline.mn.co/posts/unmanned-ground-vehicles-market

 

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

 

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune – 411045, Maharashtra, India.

 

Phone:

US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Email: [email protected]

 

Connect us via Social Media Channels:

LinkedIn: https://www.linkedin.com/company/fortune-business-insights

Facebook: https://www.facebook.com/FortuneBusinessInsightsPvtLtd

Twitter: https://twitter.com/FBInsightPvtLtd

 

Read Press Release:

https://www.fortunebusinessinsights.com/press-release/global-military-sensors-market-10461

 

By Emelia Murison

Emelia Murison is a freelance writer and editor with a passion for innovation and technology. She covers breaking industry news, #SpaceForGood, and product reviews for the group. She also provides copywriting services to startups around the world – one of which introduced her to the world of Aerospace.

Leave a Reply

Your email address will not be published. Required fields are marked *