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The Military and Aerospace Sensors Market size was USD 7.04 billion in 2023 and is expected to reach USD 51.05 billion by 2032 and grow at a CAGR of 24.18% over the forecast period of 2024-2032.
Many military and aeronautical systems rely heavily on sensors. Defense intelligence, surveillance, and reconnaissance equipment stationed on national borders or in remote places are linked via wireless networks that give real-time data from several sensors. Furthermore, for effective aircraft operation, new and advanced aircraft use sensors such as pressure sensors, temperature sensors, speed sensors, accelerometer, level sensors, flow sensors, gyroscopes, and radar sensors.
MARKET DYNAMICS
KEY DRIVERS
Sensor Technology Advances Continue
Globally, there is an increasing demand for new aircraft.
RESTRAINTS
The sensors are an essential component of the aircraft.
OPPORTUNITIES
The Internet of Things is becoming more popular in the aviation industry.
Military vessels are in high demand.
CHALLENGES
The number of passengers flying has increased.
IMPACT OF COVID-19
Components and raw materials needed to construct military sensors were not readily available. Due to travel restrictions and a labour scarcity, the supply chain is experiencing transportation-related delays. Production/assembly lines are also operating at reduced capacity or are totally shut down. Long-term market drivers for military sensors remain robust, and the industry has begun to show indications of recovery from the big market price reset before to the pandemic. The COVID-19 pandemic has ravaged the planet, leaving many sectors struggling to survive. Governments and companies interested in sensor technology are reacting differently to the new circumstances. Some product launches are taking place, while others are not; some testing are being conducted, while others have been postponed; and some businesses are still functioning, while others have closed.
The COVID-19 epidemic has caused supply chain and logistical difficulties throughout North America.
Airborne During the projection period, the airborne segment is expected to have the greatest CAGR. Sensors for unmanned aerial vehicles, Aero stats, and helicopters are used in airborne systems. Sensors attached on these platforms detect, record, and analyse events on the ground in real time. Land The segment dominated the market for military and aerospace sensors. For military organizations and surveillance agencies to obtain tactical intelligence, land-based systems employ radar, unmanned ground vehicles, unattended ground sensors, and target detection.
The naval segment is predicted to develop the most during the forecast period, owing to the rising use of marine communication, command, control, intelligence, and reconnaissance systems by military agencies around the world. Space During the projection period, the segment is predicted to increase steadily. Space-based systems include satellites that carry payloads and provide voice or data transmission as well as optical images. They are capable of communication, monitoring, and reconnaissance.
Intelligence and Reconnaissance: This sector led the military and aerospace sensors market. Intelligence and reconnaissance systems collect data from numerous sensors and analyse it to provide guidance and direction to commanders and aircraft operators.
Communication and navigation: This area is predicted to expand faster during the forecast period. Sensors are used by communication and navigation systems to provide proper communication, networking, and collaborative tools for effective communication and navigation.
Warfare Using Electronic Means During the projection period, this segment is expected to increase the most. Electronic warfare is a military activity in which electromagnetic energy is used to determine, exploit, reduce, or prevent the enemy's hostile usage of the electromagnetic spectrum. Furthermore, electronic warfare systems can detect difficult-to-detect naval vessels and stealth aircraft.
Control and command During the projection period, the segment is expected to increase steadily. Command and control systems use information from multiple sensors to plan, coordinate, and control military forces and assets.
By End-Use
OEM
Aftermarket
By Platform
Airborne
Land
Naval
Space
By Application
Intelligence & Reconnaissance
Communication & Navigation
Combat Operations
Electronic Warfare
Target Recognition
Command and Control
Surveillance & Monitoring
By Type
Pressure Sensors
Torque Sensors
Accelerometer
Level Sensors
Flow Sensors
Proximity Sensors
Gyroscopes
Radar Sensors
Magnetic Sensors
Others
REGIONAL ANALYSIS
North America controls the market for military and aerospace sensors. This trend is expected to continue during the forecast period due to the presence of prominent players such as Honeywell International Inc., Ametek, Inc., and Raytheon Company, as well as their significant investments in the development of military and aerospace sensors.
Europe The increased use of modern combat vehicles and aircraft by armed forces for tactical operations is likely to drive expansion in the European market over the study period.
Asia-Pacific During the forecast period, the market in this area is expected to expand at a rapid pace. Increasing defence spending in nations such as India and China, as well as increased demand for new aircraft, are driving regional market expansion.
Africa and the Middle East Defense spending increases in nations such as Saudi Arabia, the United Arab Emirates, and Israel are driving market expansion in the Middle East and Africa area.
South America The employment of combat vehicles and planes for information collection on drug trafficking and rebel groups, monitoring deforestation, and controlling illegal migration has increased in Latin America, which is projected to boost market expansion.
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REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The Major Players are Lockheed Martin Corporation, Safran Electronics & Defense, BAE Systems PLC, Ametek, Inc., Thales Group, Honeywell International Inc., TE Connectivity Ltd, Raytheon Company, General Electric Company, Ultra-Electronics, and other players
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 7.04 Billion |
| Market Size by 2032 | US$ 51.05 Billion |
| CAGR | CAGR of 24.18% From 2024 to 2032 |
| Base Year | 2022 |
| Forecast Period | 2023-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Platform (Airborne, Land, Naval and Space) • By Application (Intelligence & Reconnaissance, Communication & Navigation, Combat Operations, Electronic Warfare, Target Recognition, Command and Control and Surveillance &Monitoring) • By End-Use (OEM and Aftermarket) • By Type (Pressure Sensors, Temperature Sensors, Torque Sensors, Speed Sensors, Accelerometer, Level Sensors, Flow Sensors, Proximity Sensors, Gyroscopes, Radar Sensors, Magnetic Sensors and Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Lockheed Martin Corporation, Safran Electronics & Defense, BAE Systems PLC, Ametek, Inc., Thales Group, Honeywell International Inc., TE Connectivity Ltd, Raytheon Company, General Electric Company, Ultra-Electronics, and other players. |
| Key Drivers | • Sensor Technology Advances Continue • Globally, there is an increasing demand for new aircraft. |
| Restraints | • The sensors are an essential component of the aircraft. |
Due to travel restrictions and a labour scarcity, the supply chain is experiencing transportation-related delays. Production/assembly lines are also operating at reduced capacity or are totally shut down.
North America, Europe, Asia-Pacific, The Middle East & Africa, Latin America are the major region cover.
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Yes, this report cover top down , bottom up Quantitative Research.Qualitative Research, Fundamental Research, data triangulation, ID’s & FGD’s Analytical research, And other as per report requirement.
Manufacturers/Service provider, Consultant, Association, Research institute, private and universities libraries, Suppliers and Distributors of the product.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Military and Aerospace Sensors Market Segmentation, by End-Use
8.1 OEM
8.2 Aftermarket
9. Military and Aerospace Sensors Market Segmentation, by Platform
9.1 Airborne
9.2 Land
9.3 Naval
9.4 Space
10 .Military and Aerospace Sensors Market Segmentation, by Application
10.1 Intelligence & Reconnaissance
10.2 Communication & Navigation
10.3 Combat Operations
10.4 Electronic Warfare
10.5 Target Recognition
10.6 Command and Control
10.7 Surveillance & Monitoring
11. Military and Aerospace Sensors Market Segmentation, by Type
11.1 Pressure Sensors
11.2 Temperature Sensors
11.3 Torque Sensors
11.4 Speed Sensors
11.5 Accelerometer
11.6 Level Sensors
11.7 Flow Sensors
11.8 Proximity Sensors
11.9 Gyroscopes
11.10 Radar Sensors
11.11 Magnetic Sensors
11.12 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 France
12.3.4 Italy
12.3.5 Spain
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4 Asia-Pacific
12.4.1 Japan
12.4.2 South Korea
12.4.3 China
12.4.4 India
12.4.5 Australia
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.1 Israel
12.5.2 UAE
12.5.3 South Africa
12.5.4 Rest
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Rest of Latin America
13. Company Profiles
13.1 Lockheed Martin Corporation
13.1.1 Financial
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Safran Electronics & Defense
13.3 BAE Systems PLC
13.4 Ametek, Inc.
13.5 Thales Group
13.6 TE Connectivity Ltd
13.7 Honeywell International Inc.
13.8 Raytheon Company
13.9 General Electric Company
13.10 Ultra-Electronics
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
15. Conclusion
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