The global military sensors market is set to gain impetus from the emergence of the Wireless Sensor Network (WSN) technology. It is mainly designed for recording and monitoring various conditions at different locations. This information is given by Fortune Business Insights™ in a new report, titled, “Military Sensors Market Size, Share & Industry Analysis, By Platform (Ground, Airborne, Naval, Space), By Component (Hardware, Software), By Application (Navigation & Communication, Intelligence & Reconnaissance, Electronic Warfare, Command & Control, Monitoring & Surveillance, Target Recognition), and Regional Forecast, 2020-2027.” The report further states that the military sensors market size was USD 25.94 billion in 2019 and is projected to reach USD 34.58 billion by 2027, exhibiting a CAGR of 6.91% during the forecast period.

Information Source:

https://www.fortunebusinessinsights.com/military-sensors-market-104666

Key Players:

Leading the charge in the Military Sensors Market are industry stalwarts renowned for their innovation and commitment to excellence. Prominent players include

• Honeywell International Inc. (The U.S.)
• Thales Group (France)
• Curtiss-Wright Corporation (The U.S.)
• TE Connectivity Ltd. (The U.S.)
• Raytheon Company (The U.S.)
• Kongsberg Gruppen ASA (Norway)
• BAE Systems PLC (The U.K.)
• Lockheed Martin Corporation (The U.S.)
• Imperx, Inc. (The U.S.)

Segmentation:

The Military Sensors Market is intricately segmented, reflecting the diverse applications and functionalities within the defense sector. The segmentation encompasses various sensor types, including radar sensors, image sensors, acoustic sensors, chemical sensors, and motion sensors. Each sensor type plays a critical role in providing comprehensive situational awareness, contributing to the effectiveness of military operations.

Driving Factors:

Several factors are steering the growth of the Military Sensors Market, shaping its trajectory in the defense industry.