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Based on application, the market is segmented into combat operations, command & control, communication & navigation, electronic warfare, Intelligence, Surveillance & Reconnaissance (ISR), and target recognition. The command & control segment dominated the global market in 2022, accounting for a share of over 25%.
Based on end use, the market is divided into airborne, land, and naval. The naval segment held a dominant market share in 2022 and is expected to register a CAGR of 8% through 2032.
North America dominated the global market with a share of over 30% in 2022. The region is witnessing substantial growth in the military sensor market, which is driven by several factors. First, the U.S., as a major global military power, continually invests in cutting-edge sensor technologies to maintain its military superiority. This includes funding for research & development, procurement, and modernization programs. Additionally, North America is a hub for innovation and technology, attracting leading sensor manufacturers & developers. The region's emphasis on interoperability and network-centric warfare further stimulates demand for advanced sensor systems. Moreover, the rising importance of border security and surveillance in North America has fueled the adoption of state-of-the-art sensors to address evolving security threats. These factors collectively contribute to the robust growth of military sensors in North America.
The market size for military sensor was valued at over USD 10 billion in 2022 and is estimated to register a CAGR of over 6% between 2023 and 2032.
North America market size for military sensor was over 30% in 2022 and is witnessing substantial growth, as the U.S. is a major military power, that continually invests in cutting-edge sensor technologies to maintain its military superiority. The funding for research & development, procurement, and modernization programs as well as innovation and technology the drive the industry growth.
The command & control segment accounted for a share of over 25% in 2022 and will continue to grow through 2032. Command & control systems enable the processing, analyzing, and disseminating of humongous data, providing decision-makers with valuable insights and actionable information in real time.
BAE Systems, Curtiss-Wright, Esterline Technologies, General Electric, Honeywell International, Lockheed Martin, and Raytheon.