PUBLISHER: Allied Market Research | PRODUCT CODE: 1266371
PUBLISHER: Allied Market Research | PRODUCT CODE: 1266371
The market for military and defense sensors is expanding significantly due to rising purchases of defense systems by militaries around the world. A weapon, aircraft, or electronic device's military and defense sensors are a subsystem that detects changes in its environment or scans it to acquire data. The data is subsequently transmitted to another electronic system, often a computer processor, for processing and data analysis. For navigation, weapon control, active guidance, target tracking, and environmental awareness, military and defense sensors are employed in missiles, battle, airplanes, and radars among other systems. Fog, smoke, and dust can also be detected using sensors like electro-optical and others.
Moreover, factors such as emerging applications of radar in remote sensing, rise in defense expenditure globally, and rise in adoption of sensors in wearable devices drive the growth of the military and defense sensor market. However, incorporation of sensors in devices incurs extra value and reduces life of device, and policies on development and transfer of weapon system or related technology are anticipated to hamper the growth of the military and defense sensor market. Further, surge in military modernization programs, and high demand for autonomous security and surveillance systems are expected to create numerous opportunities for military and defense sensor market expansion. The military and defense sensor market are segmented on the basis of platform, component, application, and region. By platform, it is divided into land, naval, and airborne. By component, it is classified into software, and hardware.
By application, it is categorized into combat operations, target recognition, electronic warfare, communication and navigation, command and control, surveillance and monitoring, and intelligence and reconnaissance. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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, and Rockwest Solutions are some of the significant businesses profiled in the military and defense sensor market share.