Military Sensors Market

According to Stratistics MRC, the Global Military Sensors Market is accounted for $10.68 billion in 2022 and is expected to reach $16.85 billion by 2028 growing at a CAGR of 7.9% during the forecast period. Military sensors are devices used by the military to detect, track, and identify objects. These sensors can be used for a variety of purposes, including surveillance, target acquisition, and tracking. Military sensors play a critical role in modern warfare by providing commanders with important information about their enemies and battlefield conditions.



Market Dynamics:

Driver:

Demand for new generation air and missile defense systems

The emergence of next generation missiles, such as high-speed cruise missiles and ballistic missiles with nuclear warheads, poses a serious danger to key platforms and assets, including military ships and air bases. During conflicts or situations that might lead to war, nuclear ballistic missiles have the power to destroy cities and cause harm to humans. In order to combat sophisticated air defence systems like the Medium Extended Air Defense System (MEADS), Patriot Advanced Capability (PAC-3), and S-400, several nations are developing cutting-edge weaponry. Hypersonic rockets with incorporated navigation systems have been created by nations like India, China, and Russia and can get past missile defences.

Restraint:

Lack of accuracy & operational complexities in MEMS inertial navigation sensors

MEMS inertial navigation sensors' effectiveness and usability in situations requiring extremely accurate data are constrained by their poor accuracy features. Nevertheless, since alternative technologies like Ring Laser Gyroscopes (RLGs) and Fiber Optic Gyros (FOGs) produce extremely accurate findings, they are comparably more dependable than MEMS inertial navigation sensors. RLGs create a laser oscillator inside a ring-shaped cavity that combines generation using interpolation and rotation sensing capabilities. FOGs work on the premise that optical fibres are tuned to a specific light frequency that is propagating. To alter the direction of the light and, thus, its frequency, an external force is applied. Due to the operational complexity of RLGs and FOGs, which are complicated navigation systems, manufacturing these systems is challenging.

Opportunity:

Increasing demand for battlespace awareness among defense forces

For defensive troops to observe enemy movements and analyse cryptic information, battlespace situational awareness is crucial. Also, it is essential for spotting adversary threats in challenging operating settings. The issues that military forces throughout the world confront today have undergone tremendous change. Situational awareness has become essential to ensuring the security of defence personnel in light of the increasingly networked, digital, and data-heavy battlespace. Military forces are increasingly using sensor systems like Electro-Optics/Infrared (EO/IR) sensors and accompanying data processors to improve the capabilities of defensive equipment. Defense troops are instantly and continuously covered by EO/IR systems' full-motion films and user-friendly operator interfaces as they get situational awareness in real time throughout the entire battlefield. Military EO/IR systems are needed by defence forces all around the world to find and follow intruders. The resolution, clarity, and surveillance range of pictures have all improved as a consequence of technological developments in optical and infrared imaging sensors. Consequently, the need for military sensors in the defence industry has been spurred by growing surveillance applications of EO/IR systems.

Threat:

Cybersecurity risks

The logical next stages in the defence sector are digitalization and system connectivity. The military sector is evolving into an accessible ecosystem that is entirely integrated, as opposed to closed systems that only communicate with one another. Hence, it is anticipated that in the years to come, military platforms would make advantage of IoT capabilities. For example, IoT-based sensors are anticipated to proactively identify maintenance issues in military fighter jets, place an order for the substitute of faulty parts, and notify the ground maintenance crew about the same during the flight to make sure that it all is currently in position and prepared when the aircraft pieces of land without impacting the general operations of the airbase. Each military fighter plane contains thousands of sensors that enable real-time data to be relayed to the ground crew. As it delivers data about the aircraft to the right users via a globally dispersed network of technicians, ALIS acts as an information infrastructure for the F-35.

Covid-19 Impact

The whole world economy has been impacted by COVID-19. The most severe global recession in history is currently affecting the whole planet. The total demand has decreased as infections increase dramatically. The demand for military wearable sensors is rising despite the market's severe damage. Early signs of the infection must be found using military sensors. Despite the harm the virus has done to the world economy, the market for wearable gadgets manufactured by military sensors is booming, and demand is only anticipated to rise.

The gyroscope segment is expected to be the largest during the forecast period

The gyroscope segment is estimated to have a lucrative growth. A significant advancement in gyroscope technology has been the advent of MEMS-based gyroscopes. Gyroscope demand in the market for military sensors has grown as a result of a rise in the need for high-performance inertial navigation systems (INS). One of the largest users of inertial navigation systems, the military aviation sector, has been a significant factor in the market's growth and is anticipated to continue to play a significant role in driving the worldwide market. The expanded use of drones or unmanned aerial vehicles (UAVs) in the military industry will also significantly contribute to market expansion.

The communication & navigation segment is expected to have the highest CAGR during the forecast period

The communication & navigation segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the rapid technological advancements that have revolutionised contemporary battlefield communications systems, such as Global Positioning Systems (GPS), Inertial Navigation Systems (INS), Radiometers, etc., which are used by all branches of the armed forces, including ground troops for navigation. In order to offer information about their surroundings and potential dangers, military sensors are utilised in combat operations. This knowledge may be utilised to better plan attacks on the enemy's forces as well as aid soldiers and leaders in combat. In electronic warfare, military sensors are employed to identify and follow hostile missiles, aeroplanes, and other threats.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to growing purchase of defence systems by nations like China and India. The expansion of the market in the Asia Pacific region is also being supported by the ongoing military modernization plans in nations like Australia and Japan.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to significant expenditures in R&D activities for the development of new military power solutions by major companies and rising need for lightweight and energy-efficient sensors. Due to easy access to numerous cutting-edge technology solutions and substantial investment being made by manufacturers in the US for the development of better monitoring systems and warfare sensors, the US is anticipated to lead the growth of the military sensors market over the forecast period.



Key players in the market

Some of the key players profiled in the Military Sensors Market include BAE Systems PLC, Lockheed Martin, Thales, Ultra Electronics, Honeywell International Inc., General Electric Company, Raytheon, TE Connectivity Ltd., Esterline Technologies Corporation, Kongsberg Gruppen, Collins Aerospace and L3Harris Technologies Inc.

Key Developments:

In July 2021, QinetiQ Inc. was awarded a contract worth USD 24 million by the U.S. Army to build 3 SPECTRE next generation full spectrum hyperspectral prototype sensors. This sensor enables crewed aircraft and multi-mission Unmanned Aircraft Systems (UAS) to function parallel with other critical sensor payloads and weapons.

In June 2021, Raytheon Technologies Inc. and L3Harris Technologies Inc. were awarded contract worth approximately USD 4.37 million for development of prototype communications intelligence (COMINT) and electronic intelligence (ELINT) sensors for the U.S. Army’s High Accuracy Detection and Exploitation System (HADES).

In March 2021, Collins Aerospace was awarded an Indefinite Delivery/Indefinite Quantity (IDIQ) contract revision by the U.S. Air Force to deliver its FastJet reconnaissance pod. The pod is integrated with MS-110 Multispectral Airborne Reconnaissance system. The MS-110 sensor uses multi-spectral technology which increases intelligence capability and improves imagery in poor visibility.

In December 2020, BAE Systems PLC was awarded a contract worth USD 60 million by Lockheed Martin Corporation to deliver added advanced missile seekers for the Long Range Anti-Ship Missile (LRASM). The seeker includes targeting technology and long-range sensors that assist the stealthy missile to detect and engage protected enemy ships.

Types Covered:
• Pressure Sensors
• Imaging Sensors
• Acoustic Sensors
• Seismic Sensors
• Magnetic Sensors
• Temperature Sensors
• Proximity Sensors
• Torque Sensors
• Force Sensors
• Accelerometers
• Level Sensors
• Speed Sensors
• AOA Sensors
• GPS Sensors
• Altimeter Sensors
• Flow Sensors
• Position/Displacement Sensors
• Gyroscopes
• Lidar
• Radars
• Sonars
• Other Types

Platforms Covered:
• Naval
• Airborne
• Satellites
• Land
• Munitions
• Space
• Other Platforms

Components Covered:
• Software
• Hardware
• Cybersecurity Solutions

Applications Covered:
• Communication & Navigation
• Intelligence, Surveillance & Reconnaissance (ISR)
• Command & Control
• Electronic Warfare
• Target Recognition System
• Simulation & Training
• Weapon & Fire Control System
• Combat system
• Engine & Operations System
• Wearable
• Cybersecurity
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances