Military Sensors Global Market Report 2024

Description

“Military Sensors Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on military sensors market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for military sensors? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The military sensors market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Component: Software; Hardware
2) By Platform: Airborne; Land; Naval
3) By Application: Intelligence, Surveillance, And Reconnaissance (ISR); Communication And Navigation; Target Recognition; Electronic Warfare; Command And Control; Other Applications
Companies Mentioned: BAE Systems PLC; Curtiss-Wright Corporation; Esterline Technologies Corporation; Honeywell International Inc.; Kongsberg Gruppen
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

A military sensor is a crucial component of weaponry, electronic equipment, or aircraft designed to detect or examine its surroundings, providing real-time information. Military sensors play a vital role in various applications, including missiles, aircraft, radars, combat systems, navigation, target tracking, active guiding, weapon control, and environmental awareness.

The main types of military sensor components include software and hardware. Software sensors generate signals through software applications. These sensors are deployed across different platforms, including airborne, land-based, and naval applications. They find applications in intelligence, surveillance, and reconnaissance (ISR), communication and navigation, target recognition, electronic warfare, command and control, and other military operations.

The military sensors market research report is one of a series of new reports from The Business Research Company that provides military sensors market statistics, including military sensors industry global market size, regional shares, competitors with a military sensors market share, detailed military sensors market segments, market trends and opportunities, and any further data you may need to thrive in the military sensors industry. The military sensors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The military sensors market size has grown strongly in recent years. It will grow from $10.23 billion in 2023 to $10.96 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The expansion observed in the historical period can be attributed to regulatory changes and standards, the adoption of unmanned platforms, industrial partnerships and collaborations, a focus on situational awareness, and government initiatives and contracts.

The military sensors market size is expected to see strong growth in the next few years. It will grow to $14.04 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The anticipated growth in the forecast period can be attributed to the trends of miniaturization and low-power designs, global geopolitical instabilities, the expansion of unmanned systems, the integration of artificial intelligence (AI) and machine learning, and a growing demand for Intelligence, Surveillance, and Reconnaissance (ISR) capabilities. Major trends expected in the forecast period include an increased focus on cybersecurity, the development of multi-functional sensors, advancements in miniaturization and lightweight designs, an emphasis on hyperspectral and multi-spectral sensors, and a push towards interoperability and sensor networking.

The military sensors market is experiencing significant growth, primarily propelled by the rise in defense spending by emerging economies. Military spending, encompassing various aspects such as operation, maintenance, procurement of weaponry, and research and development, serves as a crucial factor driving demand for military sensors. The Stockholm International Peace Research Institute (SIPRI) reported a 0.7% increase in global military spending from $1,981 billion in 2020 to $2,113 billion in 2021. Notably, China augmented its military spending by 4.7% in 2021, reaching an estimated $293 billion. This surge in defense spending by emerging economies is a key driver for the ongoing and future growth of the military sensors market.

The escalating threat of terrorist activities significantly contributes to the expansion of the military sensor market. The global increase in terrorist threats poses heightened risks and vulnerabilities to security. Military sensors play a pivotal role in detecting suspicious activities, unauthorized movements, and potential threats in sensitive areas. The Global Terrorism Index 2022 reported a 17% surge in terrorist attacks, totaling 5,226 incidents in 2021. Countries such as Afghanistan, Somalia, and Iraq remained severely impacted by terrorism, with a 14% rise in fatalities, reaching a total of 1,426 deaths. Consequently, the intensifying terrorist threats are anticipated to drive the growth of the military sensor market.

Technological advancements emerge as a prominent trend in the military sensors market, with major companies focusing on the development of cutting-edge sensor technologies. One example is Armaments Research Company Inc., which introduced a predictive maintenance platform for crew-served weapons for the U.S. Marine Corps. Engaging in the 'Joint All-Domain Command and Control' (JADC2) project, this initiative aims to unify sensors from various military services into an integrated network. Technological innovation is a strategic focus for companies seeking to enhance their market positions in the military sensors segment.

Major companies in the military sensors market are dedicated to developing advanced products, including sensor solutions that improve precision, extend detection ranges, and enhance situational awareness for effective threat identification and response in military operations. L3Harris Technologies Inc., for instance, introduced an advanced infrared sensor to enhance the Javelin Weapon System's Command Launch Unit. This infrared technology, developed under the Vital Infrared Sensor Technology Acceleration program, reduces target engagement time, thereby enhancing the efficiency of military operations.

In March 2022, Standex International Corporation acquired Sensor Solutions for $9.7 million. This strategic acquisition expanded Standex International Corporation's technical expertise and customer solutions in growing sectors, including military speed and position magnetic sensors for applications such as electric vehicles, industrial automation, and medical markets.

Major companies operating in the military sensors market report are BAE Systems PLC, Curtiss-Wright Corporation, Esterline Technologies Corporation, Honeywell International Inc., Kongsberg Gruppen, Lockheed Martin Corporation, Raytheon Technologies Corporation, TE Connectivity Ltd., Thales Group, Ultra Electronics Group, General Electric Company, Imperx Inc., Microflown AVISA BV, Vectornav Technologies LLC, Rock West Solutions Inc., KONGSBERG GRUPPEN ASA, Ultra Electronics, Aerosonic LLC, Viooa Imaging Technology Inc., Northrop Grumman Corporation, L3Harris Technologies Inc., Safran Electronics & Defense, Leonardo S.p.A., Rheinmetall AG, Elbit Systems Ltd., FLIR Systems Inc., Collins Aerospace, Cobham plc, Moog Inc., Meggitt PLC, QinetiQ Group plc, Terma A/S, ASELSAN A.S., RADA Electronic Industries Ltd., Israel Aerospace Industries Ltd., Rafael Advanced Defense Systems Ltd., Bharat Electronics Limited, Hindustan Aeronautics Limited

North America was the largest region in the military sensors market in 2023. The regions covered in the military sensors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the military sensors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The military sensors market consists of revenues earned by entities by providing services such as night-vision surveillance, detecting hidden bombs, monitoring engine speed, and cam and crankshaft speed. The market value includes the value of related goods sold by the service provider or included within the service offering. The military sensors market also includes sales of imaging sensors, seismic sensors, acoustic sensors, magnetic sensors, pressure sensors, GPS sensors and proximity sensors. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r11931

1. Executive Summary

2. Military Sensors Market Characteristics

3. Military Sensors Market Trends And Strategies

4. Military Sensors Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Military Sensors Market Size and Growth

5.1. Global Military Sensors Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Military Sensors Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Military Sensors Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Military Sensors Market Segmentation

6.1. Global Military Sensors Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Software
Hardware
6.2. Global Military Sensors Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Airborne
Land
Naval
6.3. Global Military Sensors Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Intelligence, Surveillance, And Reconnaissance (ISR)
Communication And Navigation
Target Recognition
Electronic Warfare
Command And Control
Other Applications

7. Military Sensors Market Regional And Country Analysis

7.1. Global Military Sensors Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Military Sensors Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Military Sensors Market

8.1. Asia-Pacific Military Sensors Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Military Sensors Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Military Sensors Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Military Sensors Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Military Sensors Market

9.1. China Military Sensors Market Overview
9.2. China Military Sensors Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Military Sensors Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Military Sensors Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Military Sensors Market

10.1. India Military Sensors Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Military Sensors Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Military Sensors Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Military Sensors Market

11.1. Japan Military Sensors Market Overview
11.2. Japan Military Sensors Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Military Sensors Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Military Sensors Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Military Sensors Market

12.1. Australia Military Sensors Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Military Sensors Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Military Sensors Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Military Sensors Market

13.1. Indonesia Military Sensors Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Military Sensors Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Military Sensors Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Military Sensors Market

14.1. South Korea Military Sensors Market Overview
14.2. South Korea Military Sensors Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Military Sensors Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Military Sensors Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Military Sensors Market

15.1. Western Europe Military Sensors Market Overview
15.2. Western Europe Military Sensors Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Military Sensors Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Military Sensors Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Military Sensors Market

16.1. UK Military Sensors Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Military Sensors Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Military Sensors Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Military Sensors Market

17.1. Germany Military Sensors Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Military Sensors Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Military Sensors Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Military Sensors Market

18.1. France Military Sensors Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Military Sensors Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Military Sensors Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Military Sensors Market

19.1. Italy Military Sensors Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Military Sensors Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Military Sensors Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Military Sensors Market

20.1. Spain Military Sensors Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Military Sensors Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Military Sensors Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Military Sensors Market

21.1. Eastern Europe Military Sensors Market Overview
21.2. Eastern Europe Military Sensors Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Military Sensors Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Military Sensors Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Military Sensors Market

22.1. Russia Military Sensors Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Military Sensors Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Military Sensors Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Military Sensors Market

23.1. North America Military Sensors Market Overview
23.2. North America Military Sensors Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Military Sensors Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Military Sensors Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Military Sensors Market

24.1. USA Military Sensors Market Overview
24.2. USA Military Sensors Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Military Sensors Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Military Sensors Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Military Sensors Market

25.1. Canada Military Sensors Market Overview
25.2. Canada Military Sensors Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Military Sensors Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Military Sensors Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Military Sensors Market

26.1. South America Military Sensors Market Overview
26.2. South America Military Sensors Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Military Sensors Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Military Sensors Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Military Sensors Market

27.1. Brazil Military Sensors Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Military Sensors Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Military Sensors Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Military Sensors Market

28.1. Middle East Military Sensors Market Overview
28.2. Middle East Military Sensors Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Military Sensors Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Military Sensors Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Military Sensors Market

29.1. Africa Military Sensors Market Overview
29.2. Africa Military Sensors Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Military Sensors Market, Segmentation By Platform, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Military Sensors Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Military Sensors Market Competitive Landscape And Company Profiles

30.1. Military Sensors Market Competitive Landscape
30.2. Military Sensors Market Company Profiles
- 30.2.1. BAE Systems PLC
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Curtiss-Wright Corporation
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Esterline Technologies Corporation
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Honeywell International Inc.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Kongsberg Gruppen
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Military Sensors Market Competitive Benchmarking

32. Global Military Sensors Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Military Sensors Market

34. Military Sensors Market Future Outlook and Potential Analysis

34.1 Military Sensors Market In 2028 - Countries Offering Most New Opportunities
34.2 Military Sensors Market In 2028 - Segments Offering Most New Opportunities
34.3 Military Sensors Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer