Military Sensors Market Size and Growth Forecast Report 2020

1. Global Military Sensors Market expands with the rising acquisitions in defense systems Market overview: The global military sensor market was valued at $ 24.11 billion in 2020 and is expected to reach $ 35.39 billion by 2025 at a CAGR of 5.7% over the outlook period. Military sensors are very important in battlefield surveillance systems in modern warfare. Military modernization programs in several countries and the development of new micro electromechanical systems (MEMS) are fueling the military sensor industry. Furthermore, defense forces in developing countries such as China and India are increasingly purchasing defense systems, creating a favorable environment for major manufacturers operating in the military sensor market in the coming years. Recent developments: In March 2018, BAE Systems won a $ 97 million contract from the US military for the supply of new night vision and thermal imaging sights for weapons. https://www.businesswire.com/news/home/20180321005198/en/BAE-Systems- Awarded-97-Million-in-U.S.-Army-Orders-for-Night-Vision-Goggles-and- Thermal-Weapon-Sights In June 2017, Lockheed Martin received a contract from the US Navy to supply two TL-29A trailer array sonar systems. The sonar provided by the company is towed by navy ships and is expected to use passive acoustic sensors for detection of submarines. https://www.militaryaerospace.com/power/article/16726943/lockheed-martin- to-build-two-additional-tl29a-towedarray-sonar-systems-to-detect-quiet- submarines Market Drivers and Restrains: The global military sensor market is expected to grow rapidly in the forecast period due to key drivers such as rapid technological advancement combined with the modernization of military systems in other countries. Additionally, increased government investment in the defense sector is expected to strengthen the growth of the military sensor market. Military sensors are used in combat, aircraft, missiles, and radars among a variety of systems for weapon control, navigation, target tracking, active guidance, and environmental awareness.

2. Additionally, sensors such as electro-optical sensors can be used to detect smoke, fog and dust. However, market growth may be adversely affected by regulations related to the transfer of weapons and related technologies during the forecast period. To know more read: https://www.marketdataforecast.com/market-reports/military-sensors-market Report is segmented as: The global market for military sensors is segmented by type, application and platform. By type, the market is segmented into magnetic sensors, temperature sensors, acoustic sensors, lidar, sonar, etc. Based on the application, the market is segmented into surveillance and reconnaissance, electronic warfare, intelligence, combat operations, communications and navigation, etc. By platform, the market is segmented into marine, land and air. Geographical Segmentation: North America is expected to lead the global military sensor market during the forecast period. The Asia Pacific region market will have the highest average annual growth rate from 2020 to 2025. The development of the Asia Pacific military sensor market could be certified by increasing the procurement of defense systems in countries such as China and India. Ongoing military modernization programs in countries such as Japan and Australia are also promoting market development in the Asia Pacific region. Impact of COVID 19 on Military Sensors Market Sensor manufacturers are aware that supply chain disruptions caused by COVID-19 do not have the necessary parts to develop and manufacture military sensors. Government initiative to slow the spread of coronavirus affects military sensor developers due to lack of manpower. Defense agencies must postpone ongoing projects and research and development to comply with blockades imposed by the authorities. Key market players: Notable players in the global military sensor market include Lockheed Martin Corporation, BAE Systems PLC, Raytheon Company, Ultra Electronics, KONGSBERG GRUPPEN ASA, and Thales Group. View sample and decide:

3. https://www.marketdataforecast.com/market-reports/military-sensors-https://www.marketdataforecast.com/market-reports/military-sensors- market/request Scope of the report: The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated. The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity. What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more information: Contact Us: Market Data Forecast Phone: +1-888-702-9626 (U.S. TOLL FREE) Email: contact@marketdataforecast.com LinkedIn | Twitter | Facebook