Press release
Military Sensors Global Market Size is Expected to Reach $13.12 Billion at a CAGR of 6.4%.By 2027 | BAE Systems PLC, Kongsberg Gruppen, E Connectivity Ltd., Thales Group, Imperx Inc.
Military Sensors Market
The Business Research Company's Military Sensors Global Market Report 2023 identifies Growth in defense spending by emerging economies is significantly contributing to the growth of the military sensors market. Military spending refers to the amount of money that a country spends on building and sustaining its armed forces or on other defense-related activities.
The global military sensors market size is expected to grow from $9.51 billion in 2022 to $10.23 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global military sensors market size is expected to reach $13.12 billion in 2027 at a CAGR of 6.4%.
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Major players in the military sensors market are BAE Systems PLC, Curtiss-Wright Corporation, Esterline Technologies Corporation, Honeywell International Inc., Kongsberg Gruppen, Lockheed Martin Corporation, Raytheon Technologies Corporation, TE Connectivity Ltd., Thales Group, Ultra Electronics Group, General Electric Company, Imperx Inc., Microflown AVISA BV, Vectornav Technologies LLC, and Rock West Solutions Inc.
Technological advancements are a key trend gaining popularity in the military sensors market. Major companies operating in the military sensors market are focused on developing technologically advanced sensors to strengthen their position in the market. For instance, in September 2020, General Atomics Aeronautical Systems Inc.
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The Military Sensors Market Is Segmented -
• By Component: Software, Hardware
• By Platform: Airborne, Land, Naval
• By Application: Intelligence, Surveillance, And Reconnaissance (ISR), Communication And Navigation, Target Recognition, Electronic Warfare, Command And Control, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Military Sensors market.
The Business Research Company's "Global Military Sensors Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Military Sensors Market Include:
1. Executive Summary
2. Military Sensors Market Characteristics
3. Military Sensors Market Trends And Strategies
4. Military Sensors Market - Macro Economic Scenario
5. Military Sensors Market Size And Growth
.....
26. Africa Military Sensors Market
27. Military Sensors Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Military Sensors Market
29. Military Sensors Market Future Outlook and Potential Analysis
30. Appendix
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