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Military Sensor Market Size

Report ID: GMI7249 Published Date: November 2023Report Format: PDF
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Military Sensor Market Size

Military Sensor Market was valued at over USD 10 billion in 2022 and is estimated to register a CAGR of over 6% between 2023 and 2032.

 

Military Sensor Market

A military sensor is a specialized device or system designed to detect, track, and gather information about various aspects of the battlefield environment. These sensors can include radar, infrared, acoustic, and chemical detectors, among others. They are crucial for surveillance, threat detection, and situational awareness, enabling military forces to make informed decisions & enhance their overall effectiveness in combat operations. Military sensors play a vital role in modern warfare, providing valuable data for tactical and strategic purposes. Many countries are actively modernizing their armed forces to enhance operational capabilities and maintain a competitive edge. As part of this modernization, they invest in advanced sensor systems to bolster surveillance, reconnaissance, and threat detection. These programs fuel the demand for cutting-edge sensor technologies, creating opportunities for sensor manufacturers and technology developers to provide innovative solutions that meet the evolving needs of modern military forces. For instance, in July 2023, RTX received a USD 117.5 million contract from the U.S. Army to manufacture & supply advanced targeting sensor systems. These advanced targeting sensor systems will enhance lethality, survivability, and situational awareness in austere environments, providing combat overmatch for the Army's ground combat platforms.

 

Integration and interoperability challenges pose a significant hindrance to the military sensor market growth. Military forces rely on a diverse range of sensor systems, each with unique specifications and communication protocols. Ensuring that these sensors work seamlessly together is complex and costly. Compatibility issues can lead to inefficiencies and communication breakdowns, affecting mission success. Overcoming these challenges requires substantial investment in standardization efforts and the development of interoperable sensor networks to ensure that data can be shared & utilized effectively across different military platforms.

Author: Suraj Gujar , Sandeep Ugale
Frequently Asked Question(FAQ) :

What is the size of military sensor market?+

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.

Why is North America emerging as a lucrative avenue for military sensor market players?+

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.

How is command & control application driving the demand in military sensor industry?+

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.

Which companies define the competitive landscape of military sensor industry?+

BAE Systems, Curtiss-Wright, Esterline Technologies, General Electric, Honeywell International, Lockheed Martin, and Raytheon.

Military Sensor Market Scope

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