How big is the Military Sensors Market?

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. Read More

What is the current Military Sensors Market size?

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

Who are the key players in Military Sensors Market?

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

Which is the fastest growing region in Military Sensors Market?

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

Which region has the biggest share in Military Sensors Market?

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

What years does this Military Sensors Market cover, and what was the market size in 2023?

In 2023, the Military Sensors Market size was estimated at USD 14.79 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. Read More

Military Sensors Market - Forecast, Size & Share

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

The Military Sensors 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, and the Middle East and Africa). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

Military Sensors Industry Overview

The military sensors market is semi-consolidated and marked by 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 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.