Military Sensors Market is projected to grow from USD 24.7 billion in 2019 to USD 33.2 billion by 2027, at a CAGR of 5% from 2021 to 2027.
Military sensors are very important in battlefield surveillance systems in modern warfare. Military modernization programs in various countries and the development of new micro-electromechanical systems (MEMS) are fueling the military sensor industry. In addition, defense forces from developing countries such as China and India are increasingly procuring defense systems, creating a favorable environment for major manufacturers operating in the military sensor market in the coming years.
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Key Market Players
The major players in the military sensors market are Honeywell International Inc. (US), TE Connectivity Ltd. (US), Thales Group (France), Curtiss-Wright Corporation (US), Raytheon Company (US), Esterline Technologies Corporation (US), Kongsberg Gruppen ASA (Norway), and BAE Systems plc (UK).
Based on Application, the military sensors market has been segmented as follows:
- Intelligence & Reconnaissance
- Communication & Navigation
- Combat Operations
- Electronic Warfare
- Target Recognition
- Command and Control
- Surveillance & Monitoring
Based on Platform, the military sensors market has been segmented as follows:
- Airborne
- Fighter Aircraft
- Helicopters
- Combat Support Aircraft
- Unmanned Aerial Vehicles
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Scope of the Report
The research study analyzes the global Military Sensors industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Military Sensors Market Report
1. What was the Military Sensors Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Military Sensors Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Military Sensors Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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