Military Sensor Market Size, Share Report, Analysis, Trends, Growth 2032

Military Sensor Market

Military Sensor Market By Platform (Airborne, Land, Naval, Space And Munitions), By Component (Software, Hardware And Cybersecurity Solutions), By Application (Communication & Navigation, Electronic Warfare, Combat Operations, Intelligence & Reconnaissance, Command & Control, Target Recognition And Surveillance & Monitoring), and By Region: Global Industry Perspective, Comprehensive Analysis And Forecast, 2024 – 2032

Category: Defense & Security Report Format : PDF Pages: 272 Report Code: ZMR-5036 Published Date: Jun-2024 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 10.95 Billion USD 19.08 Billion 6.48% 2023

Military Sensor Market: Industry Perspective

The global military sensor market size was worth around USD 10.95 billion in 2023 and is predicted to grow to around USD 19.08 billion by 2032 with a compound annual growth rate (CAGR) of roughly 6.48% between 2024 and 2032.

Military Sensor Market Overview

Sensors are a critical technology in providing solutions to the entire ecosystem of defence, including complex controls, measures, monitoring and implementation. Current military and defense environments need efficient, reliable and scalable technology. Military and defence systems comprise missiles, drones, spaceships, military vehicles, sea systems, ships, rocket systems and satellites. Such systems operate in both during regular and combat operations in the harshest environments. Moreover, internal and external security systems rely on smart sensor technology to track and for military operations. Sensors have therefore become an integral part of military systems.

Global Military Sensor MarketRequest Free Sample

The growing demand for unmanned vehicles from military forces and defence modernization programs across the globe are certain factors boosting the market growth. Moreover, the awareness of battlespace among defence forces and advancements in MEMS technology are also contributing to the market growth. However, operational complexities in MEMs inertial navigation sensors might hamper the growth of the military sensors industry.

Military Sensor Market Segmentation

Based on application, the military sensors market is fragmented into communication & navigation, electronic warfare, combat operations, intelligence & reconnaissance, command & control, target recognition and surveillance & monitoring. The surveillance & monitoring segment is projected to hold the largest market size from 2024 to 2032. Economies such as India, China, Indonesia and Japan are adopting drones (UAVs) for surveillance of various military activities, accounting to boost the demand for surveillance & monitoring segments in the near future.

In terms of component, the military sensors market is categorized into hardware, software and cybersecurity solutions. The hardware module is anticipated to lead the market in terms of revenue, over the forecast period. The growth is attributed to the development of Micro-Electromechanical System (MEMS) and Internet of Things (IoT) sensors. Moreover, numerous countries are reforming their existing platforms with various types of sensors. The growing deployment of sophisticated sensors for electronic warfare applications and surveillance & monitoring are likely to accelerate the growth of hardware segment, thereby fueling the demand for military sensors market.

Military Sensor Market: Report Scope

 

Report Attributes Report Details
Report Name Military Sensor Market
Market Size in 2023 USD 10.95 Billion
Market Forecast in 2032 USD 19.08 Billion
Growth Rate CAGR of 6.48%
Number of Pages 272
Key Companies Covered TE Connectivity Ltd., Honeywell International Inc., Curtiss-Wright Corporation, Thales Group, Esterline Technologies Corporation, Raytheon Company, BAE Systems plc,Kongsberg Gruppen ASA, and others.
Segments Covered By Platform, By Component, By Application, and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

 

Military Sensor Market: Regional Analysis

The global military sensors market covers five major geographic regions, namely, Asia Pacific, North America, Middle East & Africa, Europe, and Latin America. North America is projected to witness substantial growth during the forecast period, due to rising need for defence systems and development programs in military. The U.S. is likely to invest more in the aircraft in the coming years, resulting in growth of military sensors market in the region. Moreover, Asia pacific is predicted to grow at a fastest rate due to the presence of developing economies such as China, India and Japan.

Military Sensor Market: Competitive Analysis

The global military sensor market is dominated by players like:

  • TE Connectivity Ltd.
  • Honeywell International Inc.
  • Curtiss-Wright Corporation
  • Thales Group
  • Esterline Technologies Corporation
  • Raytheon Company
  • BAE Systems plc 
  • Kongsberg Gruppen ASA

The report segments the military sensor market as follows:

Global Military Sensor Market: Platform Segment Analysis

  • Airborne
  • Land
  • Naval
  • Space and Munitions

Global Military Sensor Market: Component Segment Analysis

  • Software
  • Hardware
  • Cybersecurity Solutions

Global Military Sensor Market: Application Segment Analysis

  • Communication & Navigation
  • Electronic Warfare
  • Combat Operations
  • Intelligence & Reconnaissance
  • Command & Control
  • Target Recognition
  • Surveillance & Monitoring

Global Military Sensor Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Military sensors are like the eyes and ears of weapons and soldiers, detecting threats, gathering information, and guiding weapons with precision. They come in various forms like radar, sonar, and infrared sensors.

According to a study, the global military sensor market size was worth around USD 10.95 billion in 2023 and is expected to reach USD 19.08 billion by 2032.

The global military sensor market is expected to grow at a CAGR of 6.48% during the forecast period.

North America is expected to dominate the military sensor market over the forecast period.

Leading players in the global military sensor market include TE Connectivity Ltd., Honeywell International Inc., Curtiss-Wright Corporation, Thales Group, Esterline Technologies Corporation, Raytheon Company, BAE Systems plc, and Kongsberg Gruppen ASA, among others.

The military sensor market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.

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