by The military sensors market size is poised to grow by USD 17.03 billion by 2032 from USD 9.2 billion in 2022, exhibiting a CAGR of 6.4% during the forecast period 2023-2032.
Key Takeaways
- North America contributed more than 42% of revenue share in 2022.
- Asia Pacific is estimated to expand the fastest CAGR between 2023 and 2032.
- By Platform, the land segment held the largest market share of 40% in 2022.
- By Platform, the airborne segment is anticipated to grow at a remarkable CAGR of 8.2% between 2023 and 2032.
- By Component, the software segment generated over 59% of revenue share in 2022.
- By Component, the hardware segment is expected to expand at the fastest CAGR over the projected period.
- By Application, the communication and navigation segment had the largest market share of 42% in 2022.
- By Application, the combat operations segment is expected to expand at the fastest CAGR over the projected period.
Precedence Research has conducted a comprehensive market study that provides valuable insights into the performance of the market during the forecast period. The study identifies significant trends that are shaping the growth of the Military sensors market. In this recently published report, essential dynamics such as drivers, restraints, and opportunities are highlighted for both established market players and emerging participants involved in production and supply.
To begin with, the Military sensors Market report features an executive summary that offers a concise overview of the marketplace. It outlines the key players and industry categories expected to have an impact on the market in the coming years. The executive summary provides an unbiased summary of the market.
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Military Sensors Market Scope
| Report Coverage | Details |
| Growth Rate from 2023 to 2032 | CAGR of 6.4% |
| Market Size in 2023 | USD 9.74 Billion |
| Market Size by 2032 | USD 17.03 Billion |
| Largest Market | North America |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | By Platform, By Component, and By Application |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
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The empirical study on the global Military sensors market primarily focuses on the drivers in subsequent sections. It demonstrates how changing demographics are projected to influence the supply and demand dynamics in the Military sensors Market. Our market report for the Military sensors market also delves into the significant rules and regulations that are likely to impact the future growth of this sector. Moreover, in order to comprehend the underlying demand factors, industry experts have provided insights into its fundamental origins.
Military Sensors Market Players
- Lockheed Martin Corporation
- BAE Systems plc
- Northrop Grumman Corporation
- Raytheon Technologies Corporation
- General Dynamics Corporation
- Thales Group
- Safran S.A.
- L3Harris Technologies, Inc.
- Leonardo S.p.A.
- Rheinmetall AG
- FLIR Systems, Inc.
- Textron Inc.
- Honeywell International Inc.
- Elbit Systems Ltd.
- Terma A/S
Data Sources and Methodology
To gather comprehensive insights on the Global Military sensors Market, we relied on a range of data sources and followed a well-defined methodology. Our approach involved interactions with industry experts and key stakeholders across the market’s value chain, including management organizations, processing organizations, and analytics service providers.
We followed a rigorous data analysis process to ensure the quality and credibility of our research. The gathered information was carefully evaluated, and relevant quantitative data was subjected to statistical analysis. By employing robust analytical techniques, we were able to derive meaningful insights and present a comprehensive overview of the Global Military sensors Market.
The most resonating, simple, genuine, and important causes because of which you must decide to buy the Military sensors market report exclusively from precedence research
- The research report has been meticulously crafted to provide comprehensive knowledge on essential marketing strategies and a holistic understanding of crucial marketing plans spanning the forecasted period from 2023 to 2032.
Key Features of the Report:
- Comprehensive Coverage: The report extensively encompasses a detailed explanation of highly effective analytical marketing methods applicable to companies across all industry sectors.
- Decision-Making Enhancement: It outlines a concise overview of the decision-making process while highlighting key techniques to enhance it, ensuring favorable business outcomes in the future.
- Articulated R&D Approach: The report presents a well-defined approach to conducting research and development (R&D) activities, enabling accurate data acquisition on current and future marketing conditions.
Market Segmentation:
By Platform
- Land
- Naval
- Airborne
By Component
- Software
- Hardware
By Application
- Combat Operations
- Target Recognition
- Electronic Warfare
- Communication and Navigation
- Command and Control
- Surveillance and Monitoring
- Intelligence and Reconnaissance
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Reasons to Consider Purchasing the Report:
- Enhance your market research capabilities by accessing this comprehensive and precise report on the global Military sensors market.
- Gain a thorough understanding of the overall market landscape and be prepared to overcome challenges while ensuring robust growth.
- Benefit from in-depth research and analysis of the latest trends shaping the global Military sensors market.
- Obtain detailed insights into evolving market trends, current and future technologies, and strategic approaches employed by key players in the global Military sensors market.
- Receive valuable recommendations and guidance for both new entrants and established players seeking further market expansion.
- Discover not only the cutting-edge technological advancements in the global Military sensors market but also the strategic plans of industry leaders.
Table of Content
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Military Sensors Market
5.1. COVID-19 Landscape: Military Sensors Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Military Sensors Market, By Platform
8.1. Military Sensors Market Revenue and Volume, by Platform, 2023-2032
8.1.1 Land
8.1.1.1. Market Revenue and Volume Forecast (2020-2032)
8.1.2. Naval
8.1.2.1. Market Revenue and Volume Forecast (2020-2032)
8.1.3. Airborne
8.1.3.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 9. Global Military Sensors Market, By Component
9.1. Military Sensors Market Revenue and Volume, by Component, 2023-2032
9.1.1. Software
9.1.1.1. Market Revenue and Volume Forecast (2020-2032)
9.1.2. Hardware
9.1.2.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 10. Global Military Sensors Market, By Application
10.1. Military Sensors Market Revenue and Volume, by Application, 2023-2032
10.1.1. Combat Operations
10.1.1.1. Market Revenue and Volume Forecast (2020-2032)
10.1.2. Target Recognition
10.1.2.1. Market Revenue and Volume Forecast (2020-2032)
10.1.3. Electronic Warfare
10.1.3.1. Market Revenue and Volume Forecast (2020-2032)
10.1.4. Communication and Navigation
10.1.4.1. Market Revenue and Volume Forecast (2020-2032)
10.1.5. Command and Control
10.1.5.1. Market Revenue and Volume Forecast (2020-2032)
10.1.6. Surveillance and Monitoring
10.1.6.1. Market Revenue and Volume Forecast (2020-2032)
10.1.7. Intelligence and Reconnaissance
10.1.7.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 11. Global Military Sensors Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Volume Forecast, by Platform (2020-2032)
11.1.2. Market Revenue and Volume Forecast, by Component (2020-2032)
11.1.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.1.4. U.S.
11.1.4.1. Market Revenue and Volume Forecast, by Platform (2020-2032)
11.1.4.2. Market Revenue and Volume Forecast, by Component (2020-2032)
11.1.4.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Volume Forecast, by Platform (2020-2032)
11.1.5.2. Market Revenue and Volume Forecast, by Component (2020-2032)
11.1.5.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.2. Europe
11.2.1. Market Revenue and Volume Forecast, by Platform (2020-2032)
11.2.2. Market Revenue and Volume Forecast, by Component (2020-2032)
11.2.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.2.4. UK
11.2.4.1. Market Revenue and Volume Forecast, by Platform (2020-2032)
11.2.4.2. Market Revenue and Volume Forecast, by Component (2020-2032)
11.2.4.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.2.5. Germany
11.2.5.1. Market Revenue and Volume Forecast, by Platform (2020-2032)
11.2.5.2. Market Revenue and Volume Forecast, by Component (2020-2032)
11.2.5.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.2.6. France
11.2.6.1. Market Revenue and Volume Forecast, by Platform (2020-2032)
11.2.6.2. Market Revenue and Volume Forecast, by Component (2020-2032)
11.2.6.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Volume Forecast, by Platform (2020-2032)
11.2.7.2. Market Revenue and Volume Forecast, by Component (2020-2032)
11.2.7.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.3. APAC
11.3.1. Market Revenue and Volume Forecast, by Platform (2020-2032)
11.3.2. Market Revenue and Volume Forecast, by Component (2020-2032)
11.3.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.3.4. India
11.3.4.1. Market Revenue and Volume Forecast, by Platform (2020-2032)
11.3.4.2. Market Revenue and Volume Forecast, by Component (2020-2032)
11.3.4.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.3.5. China
11.3.5.1. Market Revenue and Volume Forecast, by Platform (2020-2032)
11.3.5.2. Market Revenue and Volume Forecast, by Component (2020-2032)
11.3.5.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.3.6. Japan
11.3.6.1. Market Revenue and Volume Forecast, by Platform (2020-2032)
11.3.6.2. Market Revenue and Volume Forecast, by Component (2020-2032)
11.3.6.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Volume Forecast, by Platform (2020-2032)
11.3.7.2. Market Revenue and Volume Forecast, by Component (2020-2032)
11.3.7.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.4. MEA
11.4.1. Market Revenue and Volume Forecast, by Platform (2020-2032)
11.4.2. Market Revenue and Volume Forecast, by Component (2020-2032)
11.4.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.4.4. GCC
11.4.4.1. Market Revenue and Volume Forecast, by Platform (2020-2032)
11.4.4.2. Market Revenue and Volume Forecast, by Component (2020-2032)
11.4.4.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.4.5. North Africa
11.4.5.1. Market Revenue and Volume Forecast, by Platform (2020-2032)
11.4.5.2. Market Revenue and Volume Forecast, by Component (2020-2032)
11.4.5.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.4.6. South Africa
11.4.6.1. Market Revenue and Volume Forecast, by Platform (2020-2032)
11.4.6.2. Market Revenue and Volume Forecast, by Component (2020-2032)
11.4.6.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Volume Forecast, by Platform (2020-2032)
11.4.7.2. Market Revenue and Volume Forecast, by Component (2020-2032)
11.4.7.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.5. Latin America
11.5.1. Market Revenue and Volume Forecast, by Platform (2020-2032)
11.5.2. Market Revenue and Volume Forecast, by Component (2020-2032)
11.5.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.5.4. Brazil
11.5.4.1. Market Revenue and Volume Forecast, by Platform (2020-2032)
11.5.4.2. Market Revenue and Volume Forecast, by Component (2020-2032)
11.5.4.3. Market Revenue and Volume Forecast, by Application (2020-2032)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Volume Forecast, by Platform (2020-2032)
11.5.5.2. Market Revenue and Volume Forecast, by Component (2020-2032)
11.5.5.3. Market Revenue and Volume Forecast, by Application (2020-2032)
Chapter 12. Company Profiles
12.1. Lockheed Martin Corporation
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. BAE Systems plc
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Northrop Grumman Corporation
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Raytheon Technologies Corporation
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. General Dynamics Corporation
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Thales Group
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Safran S.A.
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. L3Harris Technologies, Inc.
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Leonardo S.p.A.
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Rheinmetall AG
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
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