Military UAV Sensor Market - Growth Factors and Forecast to 2023

Military unmanned aerial vehicles (UAV) Sensor Market is gaining prominence with the growing need for surveillance across the border and prevent infiltration and terrorist activities. By using sensors, these UAVs collect data and navigate while avoiding a collision in the battlefield mostly. However, these UAVs also has significant use in scanning terrains such as cliffs and gullies, all the while maintaining accurate distance. The global military UAV sensor market is all set to escalate with a 6% CAGR during the forecast period (2018-2023), reveals Market Research Future (MRFR). The report further charts defense’s growing investment in such equipment to put a leash on the human casualty. Drones are also fast becoming an integral part of the defense which can give rise to the military UAV sensor market.

However, local aviation bodies are making it hard for the military UAV sensor market as they often impose stringent regulations that hamper the working capacity of such UAVs. But military’s interest in the market can steer the military UAV sensor market away from any long-time negative impact.

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Segmentation:

The military UAV sensor market can be segmented by UAV type, sensor type, technology type, and application.

Based on UAV type, the military UAV sensor market can be segmented into high-altitude long endurance (HALE), medium-altitude long endurance (MALE), tactical, and small.

By sensor type, the military UAV sensor market includes radar sensor, image sensor, motion & position sensor, and others.

Based on technology type, the military UAV sensor market comprises complementary metal-oxide semiconductor, micro-electro-mechanical systems, nano-electro-mechanical systems, and others.

Application-wise, the military UAV sensor market consists collision avoidance, navigation, 3D scanner, data acquisition, Light Detection and Ranging (LIDAR), and others.

Regional Analysis:

Region-specific analysis of the military UAV sensor market spans across North America, Asia Pacific (APAC), Europe, Middle East & Africa (MEA), and Latin America (LATAM).

North America is currently dominating the market. The region has the U.S. that spends a significant portion of their annual budget in defense which consequently, uplifting the military UAV sensor market. Large-Scale development of sensors can also be witnessed in the region as most of the manufacturers are based out of this region.

The APAC region is also expecting much profit and can follow the U.S. region closely in terms of revenue generation.  Several countries such as India and China are spending substantially on defense benefits which can help the regional military UAV sensor market prosper.

Market Insights:

The global military UAV sensor market is thriving well by having collaborations between various companies and organizations, mergers, acquisitions, and new product launch and innovation. For instance, AeroVironment Inc. is currently collaborating with the Southern Command of the U.S. Army to develop hand-launched UAVs for intelligence missions. Raytheon has also signed a contract with the U.S. Defense with an aim to modify and retrofit the sensors of Global Hawk in 2017.  

Key Players:

The key players in the military UAV sensor market are TE Connectivity (Switzerland), Raytheon Company (U.S.), Thales Group (France), Lockheed Martin (U.S.), AeroVironment (U.S.), General Atomics (U.S.), FLIR Systems (U.S.), Elbit Systems (Israel), Kratos Defense & Security Solutions (U.S.), Northrop Grumman Corporation (U.S.), Honeywell International Inc. (U.S.), Safran Electronics & Defense (France), and others.

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Also Read: https://www.marketwatch.com/press-release/military-uav-sensor-market-2018-worldwide-overview-by-industry-size-market-share-future-trends-growth-factors-and-leading-players-raytheon-thales-lockheed-martin-general-atomics-flir-elbit-northrop-grumman-and-honeywell-2018-11-06

https://www.reuters.com/brandfeatures/venture-capital/article?id=95752

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