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The global military sensors market reached a value of around USD 23.8 billion in 2020. The industry is further projected to grow at a CAGR of 5.4% between 2021 and 2026.
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The rapid development of defence systems by military forces and the continued military modernisation programmes in separate nations are some of the variables anticipated to boost the development of the military sensors industry over the forecast period.
The global military sensors market can be divided based on segments like component, platform, and end-use.
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The industry, based on its component, is divided into hardware, software, and cybersecurity solutions. Hardware segment is further subdivided into sensors, storage, and networks, while the software segment is subdivided into data fusion and data processing.
The military sensors market can be divided based on its platform into:
The industry can be broadly categorised based on its end-uses into:
The EMR report looks into the regional military sensors markets like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
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The increasing demand for real-time data processing and analysis through artificial intelligence and machine learning is anticipated to drive the development of the military sensors market, especially its software segment. The land segment growth can be ascribed to the enhanced demand for unmanned ground vehicles in the defence sector. The electronic warfare segment is expected to develop at the highest CAGR between 2021 and 2026.
Countries like the United States, China, and India are purchasing military aircrafts, which is aiding the overall market growth. Further, the Asia Pacific market is expected to witness the fastest growth rate driven by the rapidly emerging economies within the region.
The report presents a detailed analysis of the following key players in the global military sensors market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the military sensors market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
|Scope of the Report||Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Component, Platform, End Use, Region|
|Breakup by Component||Hardware, Software, Cybersecurity Solutions|
|Breakup by Platform||Airborne, Land, Naval, Space, Munitions|
|Breakup by End Use||Intelligence & Reconnaissance, Communication & Navigation, Combat Operations, Electronic Warfare, Target Recognition, Surveillance & Monitoring, Artillery Systems, Command & Control|
|Breakup by Region||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Market Dynamics||SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand|
|Competitive Landscape||Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications|
|Companies Covered||Honeywell International Inc. (NYSE: HON), TE Connectivity Ltd. (NYSE: TEL), Raytheon Company (NYSE: RTN), Lockheed Martin Corporation (NYSE: LMT), Thales SA (EPA: HO), Kongsberg Gruppen (OTCMKTS: NSKFF), Ultra Electronics (LON: ULE), Esterline Technologies Corporation, General Electric Company (NYSE: GE), BAE Systems PLC (LON: BA), Microflown Avisa B.V., Vectornav Technologies, LLC, Others|
|Report Price and Purchase Option||Explore our purchase options that are best suited to your resources and industry needs.|
|Delivery Format||Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.|
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.5 Market Models
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Cost Structure
4.5 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Military Sensors Market Analysis
6.1 Global Military Sensors Market (2016-2020) & Forecast (2021-2026)
6.2 Global Military Sensors Market Breakup by Component
220.127.116.11 Data Fusion
18.104.22.168 Data Processing
6.2.3 Cybersecurity Solutions
6.3 Global Military Sensors Market Breakup by Component: Historical Market (2016-2020) & Forecast (2021-2026)
22.214.171.124 Data Fusion
126.96.36.199 Data Processing
6.3.3 Cybersecurity Solutions
6.4 Global Military Sensors Market Breakup by Platform
188.8.131.52 Fighter Aircraft
184.108.40.206 Combat Support Aircraft
220.127.116.11 Unmanned Aerial Vehicles
18.104.22.168 Armoured Ground Vehicles
22.214.171.124 Combat Support Vehicles
126.96.36.199 Unmanned Ground Vehicles (UGVS)
188.8.131.52 Operating Bases
184.108.40.206 Combat Ships
220.127.116.11 Combat Support Ships
18.104.22.168 Unmanned Marine Vehicles (UMVS)
22.214.171.124 Rockets & Missiles
126.96.36.199 Guided Ammunition
188.8.131.52 Artillery Systems
6.5 Global Military Sensors Market Breakup by Platform
184.108.40.206 Fighter Aircraft
220.127.116.11 Combat Support Aircraft
18.104.22.168 Unmanned Aerial Vehicles
22.214.171.124 Armoured Ground Vehicles
126.96.36.199 Combat Support Vehicles
188.8.131.52 Unmanned Ground Vehicles (UGVS)
184.108.40.206 Operating Bases
220.127.116.11 Combat Ships
18.104.22.168 Combat Support Ships
22.214.171.124 Unmanned Marine Vehicles (UMVS)
126.96.36.199 Rockets & Missiles
188.8.131.52 Guided Ammunition
184.108.40.206 Artillery Systems
6.6 Global Military Sensors Market Breakup by End Use
6.6.1 Intelligence & Reconnaissance
6.6.2 Communication & Navigation
6.6.3 Combat Operations
6.6.4 Electronic Warfare
6.6.5 Target Recognition
6.6.6 Surveillance & Monitoring
6.6.7 Artillery Systems
6.6.8 Command & Control
6.7 Global Military Sensors Market Breakup by End Use: Historical Market (2016-2020) & Forecast (2021-2026)
6.7.1 Intelligence & Reconnaissance
6.7.2 Communication & Navigation
6.7.3 Combat Operations
6.7.4 Electronic Warfare
6.7.5 Target Recognition
6.7.6 Surveillance & Monitoring
6.7.7 Artillery Systems
6.7.8 Command & Control
6.8 Global Military Sensors Market Breakup by Region
6.8.1 North America
220.127.116.11 United States of America
18.104.22.168 United Kingdom
6.8.3 Asia Pacific
6.8.4 Latin America
6.8.5 Middle East & Africa
22.214.171.124 Saudi Arabia
126.96.36.199 United Arab Emirates
188.8.131.52 South Africa
6.9 Global Military Sensors Market Breakup by Region: Historical Market (2016-2020) & Forecast (2021-2026)
6.9.1 North America
184.108.40.206 United States of America
220.127.116.11 United Kingdom
6.9.3 Asia Pacific
6.9.4 Latin America
6.9.5 Middle East & Africa
18.104.22.168 Saudi Arabia
22.214.171.124 United Arab Emirates
126.96.36.199 South Africa
7 SWOT Analysis
8 Porter’s Five Forces Analysis
8.2 Buyer’s Power
8.3 Supplier’s Power
8.4 New Entrants
8.5 Degree of Rivalry
9 Competitive Landscape & Supplier Analysis
9.1 Honeywell International Inc. (NYSE: HON)
9.1.1 Company Overview
9.1.2 Financial Analysis
9.2 TE Connectivity Ltd. (NYSE: TEL)
9.2.1 Company Overview
9.2.2 Financial Analysis
9.3 Raytheon Company (NYSE: RTN)
9.3.1 Company Overview
9.3.2 Financial Analysis
9.4 Lockheed Martin Corporation (NYSE: LMT)
9.4.1 Company Overview
9.4.2 Financial Analysis
9.5 Thales SA (EPA: HO)
9.5.1 Company Overview
9.5.2 Financial Analysis
9.6 Kongsberg Gruppen (OTCMKTS: NSKFF)
9.6.1 Company Overview
9.6.2 Financial Analysis
9.7 Ultra Electronics (LON: ULE)
9.7.1 Company Overview
9.7.2 Financial Analysis
9.8 Esterline Technologies Corporation
9.8.1 Company Overview
9.8.2 Financial Analysis
9.9 General Electric Company (NYSE: GE)
9.9.1 Company Overview
9.9.2 Financial Analysis
9.10 BAE Systems PLC (LON: BA)
9.10.1 Company Overview
9.10.2 Financial Analysis
9.11 Microflown Avisa B.V.
9.11.1 Company Overview
9.11.2 Financial Analysis
9.12 Vectornav Technologies, LLC
9.12.1 Company Overview
9.12.2 Financial Analysis
10 Industry Events and Developments
In 2020, the global military sensors market attained a value of nearly USD 23.8 billion.
The market is projected to grow at a CAGR of 5.4% between 2021 and 2026.
The major drivers of the industry, such as the growing investment in the military and defence sector by the governments across the nations, advent of AI and machine learning, growing demand for unmanned ground vehicles, and the need for real-time data analysis, are expected to aid the market growth.
The key market trends guiding the growth of the military sensors industry include the favourable government initiatives and the growing technological advancements.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Hardware, software, and cybersecurity solutions are the leading components of military sensors in the industry.
Airborne, land, naval, space, and munitions are the significant platforms for the product available in the industry.
The major end use segments of the product include intelligence and reconnaissance, communication and navigation, combat operations, electronic warfare, target recognition, surveillance and monitoring, artillery systems, and command and control.
The major players in the industry are Honeywell International Inc., TE Connectivity Ltd., Raytheon Company, Lockheed Martin Corporation, Thales SA, Kongsberg Gruppen, Ultra Electronics, Esterline Technologies Corporation, General Electric Company, BAE Systems PLC, Microflown Avisa B.V., and Vectornav Technologies, LLC, among others.
The global military sensors market attained a value of USD 23.8 billion in 2020, driven by the growing automation of defence sector across the world. Aided by the technological advancements and government support, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 5.4%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on component, the industry can be segmented into hardware, software, and cybersecurity solutions. By platform, the industry can be divided into airborne, land, naval, space, and munitions. On the basis of end use, the industry is categorised into intelligence and reconnaissance, communication and navigation, combat operations, electronic warfare, target recognition, surveillance and monitoring, artillery systems, and command and control. The major regional markets for military sensors are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Honeywell International Inc., TE Connectivity Ltd., Raytheon Company, Lockheed Martin Corporation, Thales SA, Kongsberg Gruppen, Ultra Electronics, Esterline Technologies Corporation, General Electric Company, BAE Systems PLC, Microflown Avisa B.V., Vectornav Technologies, LLC, and others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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