Military Sensors Market to See Radical Growth, Current Key Drivers, and ForecastPosted by Amrut Mahajani on January 30th, 2023  The Global Military Sensors Market Report offers a comprehensive analysis of the market's status and key players, featuring market definition, SWOT analysis, expert opinions, and the latest market trends and developments. The report calculates market size, sales, price, revenue, gross margin, market share, cost structure, and growth rate. It also covers revenue generated from sales of the report and technology by various application segments, with market data tables available for review. The Military Sensors Market report analyzes the impact of various market scenarios on its growth. The report provides in-depth information on market drivers, restraints, challenges, growth opportunities, trends, financial information, technology advancements, competitor landscape, and regional market analysis. Get More Information Request Sample PDF Brochure (Get Higher Priority for Corporate email ID): https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=267608019 Key Market Players Major manufacturers in this market are based in North America and Europe. Honeywell International (US), Raytheon Technologies (US), Lockheed Martin (US), Thales (France) are among the key manufacturers that secured military sensor contracts in the last few years. The major focus was given to the development of new products due to the changing requirements of sensor customers across the world. Based on Type, the Gyroscope Sub-segment of the Military Sensors Market is Projected to Witness the Highest CAGR During the Forecast Period. The adoption of MEMS-based gyroscopes has been a significant advance in gyroscope technology, boosted by the growing demand for high-performance inertial navigation systems in the military. Key drivers of market growth include the military aviation industry and the increased use of drones and UAVs in defense. The US Missile Defense Agency's contract with Vector Atomic in 2019 to design a low-SWaP-C navigation-grade gyroscope-accelerometer is expected to further advance the market. Based on Application, Electronic Warfare Segment Will Register the Highest Growth From 2021 to 2026. The integration of sensors and electronics into military gear and advancements in technology are pushing toward multilayered defense systems, which is fueling growth in the electronic warfare segment of the military sensors market. The rise of UAV systems and demand for ground surveillance and communication jamming further boosts this segment. BAE Systems received a million contract in March 2021 to start low-rate production of an electronic warfare system for F-15s that offers protection against advanced electromagnetic threats. The contract covers multispectral sensors and countermeasures, signal processing, microelectronics, and algorithms for radar warning, situational awareness, geolocation, and self-protection capabilities. Based on the Platform, the Airborne Segment Will Register the Highest Growth From 2021 to 2026. The adoption of airborne sensors in the defense sector is driving growth in the airborne segment of the military sensors market. UAV proliferation and investments in increased surveillance are key factors. Upgrades to fighter aircraft with advanced sensor technology and global geopolitical changes, along with terrorism and political instability, will also drive demand for airborne military sensors. The North America Market is Projected to Contribute the Largest Share From 2021 to 2026 in the Military Sensors Market North America is expected to lead the military sensors market from 2021 to 2026 due to factors such as high investment in R&D for advanced military solutions and increased demand for efficient and lightweight sensors. The US, with its abundant access to innovative technologies and investments in improved health monitoring and warfare sensors, is projected to drive the growth of the North American military sensors market. In March 2021, Honeywell International was awarded a contract for integrating Advanced Battle Management Systems (ABMS) with a diverse range of sensors and sensing methods, showcasing the advancements in the field of military sensors in the region. Why Military Sensors Market Report is a top choice: • Impartial findings and market insights Space Sensors and Actuators Market by Product Type (Sensors and Actuators), Platform (Satellites, Capsules\Cargos, Interplanetary Spacecraft & Probes, Rovers/Spacecraft Landers, Launch Vehicles), Application, End User, Region - Global Forecast to 2027 Contact: Mr. Aashish Mehra Like it? Share it! More by this author |