Global Military Sensors Market 2020 Along with Statistics, Forecasts till 2028 | Honeywell International Inc., TE Connectivity Ltd., Thales Group, Curtiss-Wright Corporation, Raytheon Company, Esterline Technologies Corporation

The Global Military Sensors Market is expected to grow with highest CAGR over the forecast period. The major aim of this report is to analyze, define, describe, and estimate the global military sensors market based on type, application, platform, and region. The study also focuses on offering a comprehensive competitive landscape of the market. This report profiles key market players, product portfolios, emphasizing their financial positions, and growth strategies, and analyzes their core competencies and market shares to forecast the degree of competition prevailing in the global market.

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Scope of the Global Military Sensors Market
The research methodology used to estimate and forecast the global military sensors market embraces the study of data and share insights of key market players with the help of secondary sources, such as company websites, investor presentations, annual reports, and associations. After assessing the overall market size, the market was segmented into different segments and sub-segments, which were then verified through primary research by directing widespread interviews with key industry experts, such as executives, CEOs, directors, VPs, and engineers.

Growing focus on airborne safety and a rising requirement for superior airborne dominance are the major drivers boosting growth of the global military sensors market. With rising number of extremist attacks as well as threats, many countries are spending more in state-of-the-art equipment to be better equipped. In addition, the integration of advanced air-to-air missiles in fighter jets is rapidly gaining demand as they make the aircraft more dominant and lethal. Likewise, the bottom-up procedure was adopted to attain at the total size of the market by anticipating the revenue of major market players.
The technological challenges majorly associated with structures, propulsion, and other similar systems are resulting in an increase in the demand for the up-gradation and replacement of traditional aircraft with the innovative 4th as well as 5th generation aircraft. The conventional fleet of aircraft often needs additional capabilities to achieve the latest mission requirements, and reduce the increasing number of threats. Likewise, it is set to drive the global military sensors market growth in the coming years. On the other hand, the growing demand for UAVs (unmanned aerial vehicles) may hinder market growth.

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Segment Analysis of the Global Military Sensors Market
The global military sensors market is basically segmented into type, system, application, and geographical regions.
• In terms of application, the market is divided into tanker, training, search & rescue, reconnaissance and surveillance, maritime patrol, multirole aircraft, multirole transport, and combat aircraft.
• In terms of type, the global market segregated into rotary blade and fixed wing.
• On the basis of system, the global military sensors market is sub-divided into engine, airframe, landing gear system, avionics, weapon system, and others.

Geographical Analysis of the Global Military Sensors Market
The report delivers an in-depth overview of the industry comprising both quantitative and qualitative data. It supplies market overview and forecast of the global military sensors market based on various segments. The report also offers market size and forecast estimates year with respect to five major regions such as North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. Out of these, North America has expected to leads the market over the forthcoming period. Regionally, North American market accounted for the highest military aircraft market share with revenue of $16.29 BL earned in 2018. The global military sensors market by each region is later sub-divided by equivalent countries as well as segments.

Recent Strategic Developments of Major Global Military Sensors Market Players

• April 2019: The Boeing Company bagged a new agreement from the United States Department of Defence (DOD) valued USD 14.3 billion. It will be able to offer and upgrade B-52 Stratofortress and B-1B Lancer military aircraft which provide the U.S. Air Force. This new contract is projected to improve the supportability, lethality, responsiveness, and survivability of both the aircraft.

• October 2019: The United States Air Force awarded a contract valued USD 2.6 billion to the Boeing Company for offering fifteen KC-46A tanker military aircraft, spare engines, wing air refueling pod kits, support equipment, and spares.

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Competitive Landscape of the Global Military Sensors Market
The report also comprises the profiles of major players along with their SWOT analysis and various market strategies. Some of the leading players are Airbus Defense and Space, Boeing, BAE Systems, Lockheed Martin, and Saab.

Market Segmentation:
By Platform:
• Airborne
• Land
• Naval
• Space
• Munitions

By Components:
• Hardware
• Software
• Sensors

By Application:
• Device-Based & Clothing-Based Sensors
• Intelligence & Reconnaissance
• Communication & Navigation
• Combat Operations
• Electronic Warfare
• Target Recognition
• Command and Control
• Surveillance

By Region:
• North America
o By Country (US, Canada, Mexico)
o By Platform
o By Components
o By Applications

• Western Europe:
o By Country (Germany, UK, France, Spain, Rest of Western Europe)
o By Platform
o By Components
o By Applications

• Eastern Europe:
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Platform
o By Components
o By Applications

• Asia Pacific
o By Country (China, Japan, India, Rest of Asia Pacific)
o By Platform
o By Components
o By Applications

• Middle East:
o By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
o By Platform
o By Components
o By Applications

• Rest of the World
o By Region (Latin America, Brazil, Rest of the World)
o By Platform
o By Components
o By Applications

Reasons To Buy This Report:
• Market size estimation of the military sensors market on a regional and global basis
• The unique research design for market size estimation and forecast
• Profiling of major companies operating in the market with key developments
• Broad scope to cover all the possible segments helping every stakeholder in the market

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This release was published on openPR.