Military Sensors Market is Forecasted to Reach US$ 12.9 Billion in 2028, Says Stratview Research

The global military sensors market is projected to witness a growth rate of 5.5% annually from 2022 to 2028, with an anticipated size of US$ 12.9 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global military sensors market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2028: US$ 12.9 billion
Growth (CAGR): 5.5% during 2022-2028
Forecast Period: 2022-2028
Trend Period: 2016-2020
Base Year: 2021
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Military Sensors Market:

The global military sensors market is segmented based on platform type, application type, component type, and region.

Based on platform type - The defense industry's expanding use of airborne sensors is fueling the market for military sensors' airborne segment expansion. The widespread use of UAVs is one of the factors driving the military sensors market for air-based systems. UAVs are being purchased by nations all around the world to boost surveillance. Various nations are also expanding their fleets of fighter aircraft or modernizing their current fighter fleets with cutting-edge sensor technology, which will significantly contribute to the market growth for airborne military sensors. The need for airborne military sensors will be driven by the quick development of geopolitical dynamics throughout the world, along with rising terrorist threats, procurement plans of growing countries, modernizations, and political instability in a few locations.

Based on application type - During the forecast period, it is anticipated that the electronic warfare segment of the military sensors market will be driven by significant technological advancements and the integration of sensors and electronics in military equipment, which are leading to a shift toward multi-layered defense systems. In addition to these elements, the growing usage of UAV systems and the demand for communication jamming and ground surveillance present potential for the electronic warfare sector. To start low-rate initial manufacturing of an electronic warfare system for F-15s that would shield pilots from cutting-edge threats arriving over the electromagnetic spectrum, BAE Systems won a USD 58 million contract in March 2021. The range of work covered by the contract includes multispectral sensors, countermeasures, signal processing, microelectronics, algorithms for self-defense, situational awareness, and geolocation.

To know the most attractive segments, click here:
https://www.stratviewresearch.com/3025/military-sensors-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America has had rapid expansion in the market for military sensors over the past ten years, and it is anticipated that it will maintain its leadership position during the forecast period. This growth outlook is majorly attributed to the following-

• Significant expenditures in R&D activities for the development of new military power solutions by major companies
• The rising need for lightweight and energy-efficient sensors.
• Due to easy access to numerous cutting-edge technologies and significant investments being made by manufacturers in the US for the development of better health monitoring and warfare sensors, the US is anticipated to lead the growth of the North American military sensors market during the forecast period. In the area, there have been a number of breakthroughs in the field of military sensors.

Military Sensors Market Drivers:

Some of the key drivers listed in the report are given below.
• Growth in military modernization initiatives
• The rise in demand for armored vehicles
• The rise in the usage of unmanned vehicles like UAVs

Top Companies in the Military Sensors Market:

Stratview Research has identified the following companies as the top market players.
• TE Connectivity Ltd
• Raytheon Company
• Thales Group
• KONGSBERG GRUPPEN ASA
• Honeywell International Inc.
• Lockheed Martin Corporation
• General Electric Company
• BAE Systems plc
• Ultra Electronics
• Aerosonic LLC (Transdigm Group)
• Viooa Imaging Technology Inc.
• Imperx Inc.
• Microflown Avisa BV
• Vectornav Technologies LLC

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Military sensors Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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Related Reports:
• Aircraft Sensors Market: https://www.stratviewresearch.com/286/Aircraft-Sensors-Market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

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This release was published on openPR.