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

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.

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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

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