Military Sensors Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Military Sensors Market Analysis and Trends. The market is segmented by application (intelligence, surveillance, and reconnaissance; communication and navigation; target recognition; electronic warfare; and command and control); platform (airborne, terrestrial, and naval); and geography (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa). The market sizing and forecasts have been provided in value (USD) for all the above segments.

Military Sensors Market Size

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Military Sensors Market Summary
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Study Period 2019 - 2029
Market Size (2024) USD 15.76 Billion
Market Size (2029) USD 21.25 Billion
CAGR (2024 - 2029) 6.16 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Military Sensors Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Military Sensors Market Analysis

The Military Sensors Market size is estimated at USD 15.76 billion in 2024, and is expected to reach USD 21.25 billion by 2029, growing at a CAGR of 6.16% during the forecast period (2024-2029).

The evolution and rapid adoption of microelectromechanical systems (MEMS)-based devices have led to the development of sophisticated micro gyros for navigation and positioning, microbolometers for infrared imaging, and micromirrors for steering laser beams. RF MEMS and nanotechnology could lead to breakthroughs in aerospace and defense applications, such as satellite communications at speeds in excess of 100 GHz and electronically steerable RF phase shifters for true-time delay.

Modern military systems are heavily reliant on complex software and interconnectivity to perform their missions. Advanced features, such as an electronic attack, sensor fusion, and communications, of the cyber-enabled military systems provide a tactical edge to the equipped armed forces against an adversary force or during critical operations in a hostile environment. Factors such as increasing demand for battlespace awareness amongst defense forces, ongoing advancements in MEMS technology, and integration of anti-jamming capabilities with navigation systems will be driving the growth of the market. However, cybersecurity risks, complexity in the designs of military sensors, and lack of accuracy would be constraining the growth of the market.

Military Sensors Market Trends

Airborne Segment Expected to Register the Highest CAGR During the Forecast Period

Modern military planes are made to do different kinds of missions. An increase in the global aerial fleet has led to a rise in the demand for military sensors in airborne segments. Countries like the United States, India, China, Iran, Israel, and Russia, among others, have invested in modernizing and upgrading their existing air fleets. China is using stealth technology in unmanned platforms and is unveiling more UAV variants. Furthermore, rising global expenditure and rising spending on enhancing defense capabilities drive market growth.

Moreover, the cost-effectiveness and ease of operations of unmanned platforms, compared to manned platforms, aided the rapid adoption of UAVs in defense applications (for both surveillance and attack operations). Military organizations are also largely deploying unmanned platforms in conflict regions across the world. Also instances such as in September 2022, the US Army awarded phase two contracts to defense firms Raytheon and L3Harris for the development of prototype sensors that were to support the service’s next-gen airborne intelligence, surveillance, and reconnaissance program dubbed HADES. These factors render a positive outlook for the airborne military sensors segment of the market during the forecast period.

Military Sensors Market : Top Five Countries Defense Expenditure, By Country, 2022

Asia-Pacific is Expected to Generate the Highest Demand During the Forecast Period

The Asia-Pacific region is expected to generate the highest demand for military sensors on account of the several ongoing programs fostering the modernization of the regional defense forces during the forecast period. In the Asia-Pacific, several modernization programs are underway to enhance the current capabilities of the commercial and military end-users in the region. For instance, Indonesia’s Defence Ministry sealed a deal with Turkey to acquire 12 cutting-edge drones valued at USD 300 million, marking yet another step in the country’s ongoing efforts to modernize its aging military equipment. In terms of operational fleet, the region has the largest fleet of aircraft and rotorcraft, with 14,529 aircraft. Out of these, combat aircraft constitute about 4,998, along with 520 special purpose aircraft, 46 tankers, 1,008 transport, and 3,079 training and helicopters. The increasing geopolitical tensions between neighboring nations and the rising demand for advanced threat detection systems are expected to aid the growth of the market in this region.

Military Sensors Market - Growth Rate by Region (2023-2028)

Military Sensors Industry Overview

The military sensors market is semi-consolidated and marked by the presence of many prominent players competing for a larger market share. The prominent players in the military sensors market are RTX Corporation, Lockheed Martin Corporation, Kongsberg Gruppen ASA, BAE Systems plc, and THALES. Vendors are modifying their offerings to enhance current capabilities and introduce revolutionary features as a means to deliver value-added sensor solutions to end users. This helps introduce low-differentiated products at competitive pricing. Furthermore, strategic collaboration between manufacturers is on the rise to develop sophisticated sensors that conform with the design and performance specifications of the end-user defense forces. This is expected to benefit industry stakeholders during the forecast period.

Military Sensors Market Leaders

  1. Lockheed Martin Corporation

  2. BAE Systems PLC

  3. RTX Corporation

  4. BAE Systems plc

  5. Kongsberg Gruppen ASA

  6. THALES

*Disclaimer: Major Players sorted in no particular order

Military Sensors Market Concentration
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Military Sensors Market News

June 2023: RTX Corporation was awarded a USD 117.5 million contract by the US Army for low-rate initial production of 3rd Generation Forward Looking Infrared (3GEN FLIR) B-Kit sensors. The advanced targeting sensor systems enhance lethality, survivability, and situational awareness, providing combat overmatch for the Army's ground combat platforms.

December 2022: Leonardo DRS (DRS) was awarded a contract worth USD 39.5 million by the US Army to provide advanced infrared sensors for the next-generation sighting systems.

Military Sensors Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Application

      1. 5.1.1 Intelligence, Surveillance, and Reconnaissance (ISR)

      2. 5.1.2 Communication and Navigation

      3. 5.1.3 Target Recognition

      4. 5.1.4 Electronic Warfare

      5. 5.1.5 Command and Control

    2. 5.2 Platform

      1. 5.2.1 Airborne

      2. 5.2.2 Terrestrial

      3. 5.2.3 Naval

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

      2. 5.3.2 Europe

        1. 5.3.2.1 United Kingdom

        2. 5.3.2.2 France

        3. 5.3.2.3 Italy

        4. 5.3.2.4 Russia

        5. 5.3.2.5 Germany

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 South Korea

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 Latin America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Mexico

        3. 5.3.4.3 Rest of Latin America

      5. 5.3.5 Middle East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 United Arab Emirates

        3. 5.3.5.3 South Africa

        4. 5.3.5.4 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Honeywell International Inc.

      2. 6.2.2 TE Connectivity Ltd.

      3. 6.2.3 RTX Corporation

      4. 6.2.4 Lockheed Martin Corporation

      5. 6.2.5 THALES

      6. 6.2.6 Kongsberg Gruppen ASA

      7. 6.2.7 Ultra

      8. 6.2.8 Aerosonic LLC (Transdigm Group)

      9. 6.2.9 General Electric Company

      10. 6.2.10 BAE Systems plc

      11. 6.2.11 Vectornav Technologies LLC

      12. 6.2.12 Viooa Imaging Technology Inc.

      13. 6.2.13 Imperx Inc.

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Military Sensors Industry Segmentation

Several types of sensors are integrated into military systems to enhance their capabilities and to ensure that the systems work in accordance with their specifications. The study entails a comprehensive evaluation of the military sensors, including, but not limited to, electro-optical and infrared sensors, seismic sensors, acoustic sensors, magnetic sensors, pressure sensors, temperature sensors, torque sensors, speed sensors, level sensors, flow sensors, force sensors, angle of attack (AoA) sensors, and altimeters.

The military sensors market is segmented by application, platform, and geography. By application, the market is segmented into Intelligence, Surveillance, and Reconnaissance (ISR), communication and navigation, target recognition, electronic warfare, and command and control. By platform, the market is divided into airborne, terrestrial, and naval. By geography, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. 

The market sizing and forecasts have been provided in value (USD) for all the above segments.

Application
Intelligence, Surveillance, and Reconnaissance (ISR)
Communication and Navigation
Target Recognition
Electronic Warfare
Command and Control
Platform
Airborne
Terrestrial
Naval
Geography
North America
United States
Canada
Europe
United Kingdom
France
Italy
Russia
Germany
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
Saudi Arabia
United Arab Emirates
South Africa
Rest of Middle East and Africa
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Military Sensors Market Research Faqs

The Military Sensors Market size is expected to reach USD 15.76 billion in 2024 and grow at a CAGR of 6.16% to reach USD 21.25 billion by 2029.

In 2024, the Military Sensors Market size is expected to reach USD 15.76 billion.

Lockheed Martin Corporation, BAE Systems PLC, RTX Corporation, BAE Systems plc, Kongsberg Gruppen ASA and THALES are the major companies operating in the Military Sensors Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Military Sensors Market.

In 2023, the Military Sensors Market size was estimated at USD 14.85 billion. The report covers the Military Sensors Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Military Sensors Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Military Sensors Industry Report

Statistics for the 2024 Military Sensors market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Military Sensors analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Military Sensors Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)