Military Aerospace Sensors Market Analysis

Global Military and Aerospace Sensors Market Overview

Military and Aerospace Sensors Market Size was estima at USD 7.046 Billion in 2023. The Military and Aerospace Sensors Market industry is projected to grow from USD 9.0273352 Billion in 2024 to USD 51.05  Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 24.18% during the forecast period (2024 - 2032). Growing need for intelligence, surveillance, and reconnaissance (ISR) capabilities are the key market drivers for driving market growth.

Source Secondary Research (whitepaper, PUBMED, EMBASE) , Primary Research, MRFR Database and Analyst Reviews

Military and Aerospace Sensors Market Trends

• Growing need for intelligence, surveillance, and reconnaissance (ISR) capabilities is driving the market growth.

Growing need of intelligence, surveillance, and reconnaissance capabilities is driving CAGR for Military and Aerospace Sensors. In recent years, the military and aerospace sectors have experienced a paradigm shift, leveraging cutting-edge technologies to enhance their operational capabilities. Among the key enablers of this transformation are advanced sensors, which play a critical role in gathering crucial data for decision-making and situational awareness. ISR has become a cornerstone of modern military operations, enabling armed forces to gather actionable intelligence and maintain a strategic advantage. Advanced sensors, such as synthetic aperture radar (SAR) and electro-optical/infrared (EO/IR) sensors, are at the forefront of ISR technologies. As military agencies seek to enhance their surveillance capabilities in both day and night conditions, the demand for these sensors is anticipated to rise steadily. The growing need for intelligence, surveillance, and reconnaissance (ISR) capabilities is a major driving force behind the flourishing military and aerospace sensors market. As defense and aerospace agencies strive to enhance situational awareness, counter security threats, achieve precision targeting, and modernize their fleets, the demand for sophisticated sensor technologies continues to grow. The relentless pursuit of cutting-edge sensor solutions will undoubtedly shape the future of military operations and aerospace missions, ensuring enhanced security and efficiency in a rapidly evolving world.

Among all industrial businesses, the U.S. aerospace industry continues to produce the greatest trade balance ($77.6 billion in 2019) and the second-highest volume of exports ($148 billion).  With aerospace exports growing at an average rate of 5.31 percent over the past 10 years and the aerospace trade balance rising at an average rate of 4.64 percent since 2010, this dominant position has not changed in decades.

Northrop Grunman pioneer in the field of aerospace and defense technology has recently completed the integration and testing of its first Electronically-Scanned Multifunction Reconfigurable Integrated Sensor (EMRIS), a brand-new ultra-wideband sensor. The sophisticated multifunction sensors from Northrop Grumman, like EMRIS, help warfighters make decisions faster and work together.

ISR systems equipped with advanced sensors provide military personnel and aerospace operators with real-time and accurate information about their surroundings. This enhanced situational awareness enables better decision-making, improved operational efficiency, and reduced response times. As defense and aerospace organizations strive to gain a tactical edge in complex environments, the demand for sophisticated sensors has increased significantly. Thus, the Growing Need for Intelligence, Surveillance, and Reconnaissance (ISR) Capabilities is propelling the Military and Aerospace Sensors Market revenue.

Military and Aerospace Sensors  by aplication Insights

The  Military and Aerospace Sensors  by application market segmentation includes Intelligence and reconnaissance systems, Communication and navigation, Electronic warfare, Command Control. The intelligence, surveillance, and reconnaissance systems category have witnessed significant growth in the military and aerospace sensors market and have generated 30% of total market revenue. ISR sensors, such as synthetic aperture radar (SAR), electro-optical/infrared (EO/IR) sensors, and signals intelligence (SIGINT) sensors, play a crucial role in gathering actionable intelligence for military operations. With the growing need for real-time situational awareness and data-driven decision-making, the demand for advanced ISR sensors has been on the rise.

Military and Aerospace Sensors  by PlatformType Insights

Based on Platform type, the  Military and Aerospace Sensors Market segmentation includes Land, Airborne, Naval, and space. The land category has dominated the market, accounting for 35% of market revenue. The land segment has typically represented a significant portion of the military and aerospace sensors market. Sensors used in ground-based military equipment, such as tanks, armored vehicles, and soldier-wearable devices, have been in high demand to enhance situational awareness, target acquisition, and communication capabilities for troops in various terrains.

Figure 1: Military And Aerospace Sensors Market Share By Platform Type (USD Billion)

Source Secondary Research, Primary Research, MRFR Database and Analyst Review

Military and Aerospace Sensors  Regional Outlook Insights

By Regional outlook, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American Military and Aerospace Sensors Market area will dominate this market, owing to an increase in the advancements in technology and increasing defense budgets. In addition, growing  security concerns will boost the Military and Aerospace Sensors Market.

Further, the major countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: MILITARY AND AEROSPACE SENSORS MARKET SHARE BY REGION 2022 (USD Billion)

Source Secondary Research, Primary Research, MRFR Database and Analyst Review

Due to increased Demand for Miniaturized and Lightweight Sensors, Europe's Military and Aerospace Sensors Market accounts for the second-largest market share. Further, the German Military and Aerospace Sensors Market held the largest market share, and the UK Military and Aerospace Sensors Market was the fastest-growing market in the European Region.

The Asia-Pacific Military and Aerospace Sensors Market is expected to grow fastest from 2023 to 2032. This is due to continuous technological advancement. Moreover, China’s Military and Aerospace Sensors Market held the largest market share, and the Indian Military and Aerospace Sensors Market was the fastest-growing market in the Asia-Pacific region.

Leading market players are investing heavily in research and development to expand their products and services, which will help the Military and Aerospace Sensors Market grow even more. Market competitors are also undertaking various strategic activities to expand their  footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The Military and Aerospace Sensors  industry must offer cost-effective items to expand and survive in a competitive environment.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the  Military and Aerospace Sensors  industry to benefit clients and increase the market sector. The Military and Aerospace Sensors  industry has recently offered some of the most significant medical advantages. Major players in the Military and Aerospace Sensors Market include UTC Aerospace systems, Meggitt PLC, Eaton Corporation, Zodiac Aerospace, Crane Aerospace, Viooa Imaging Technology, Rockwest solution, Vectornav Technologies LLC., and Microflown Anvisa

UTC Aerospace Systems was a leading  aerospace and defense company that designed, manufactured, and serviced a wide range of products for the aerospace industry. However, as of my last knowledge update in September 2021, UTC Aerospace Systems no longer exists as an independent entity.In 2018, United Technologies Corporation (UTC), the parent company of UTC Aerospace Systems, merged with Rockwell Collins, another major aerospace company, to form Collins Aerospace. The merger combined the strengths of both companies and created one of the largest suppliers of aerospace systems and components in the world.Collins Aerospace, a unit of Raytheon Technologies Corporation since Raytheon and United Technologies merged in 2020, focuses on providing advanced solutions for commercial and military customers. Their portfolio includes avionics, flight controls, landing gear systems, interior systems, propulsion systems, and various other aerospace products and services.

Meggitt PLC is a  engineering company headquartered in the United Kingdom. It was founded in 1947 and has grown to become a significant player in the aerospace and defense industries. Meggitt operates in various segments, offering a wide range of products and services to its customers. Meggitt serves a wide range of customers, including commercial and business aircraft manufacturers, military aircraft and equipment manufacturers, defense agencies, and energy sector companies. Its products are integrated into various applications, such as fixed-wing aircraft, helicopters, land-based vehicles, and power generation systems. Meggitt operates on a  scale, with manufacturing facilities, research and development centers, and customer support offices in multiple countries. Its presence in key aerospace and defense markets worldwide allows the company to better serve its customers and meet their specific needs. In September 2022, Parker completes its acquisition of Meggitt PLC with 6.3 billion Euros. With the exception of one-time expenses and deal-related amortization, the merger is anticipated to improve organic growth, strengthen cash flow, and increase Parker's earnings per share. Meggitt will increase growth opportunities through commercial aerospace recovery, anticipated  aircraft fleet renewal, and in emerging trends like electrification and low-carbon technologies. It will also add complementary technologies, increase Parker Aerospace's aftermarket mix through recurring revenue, and increase market share.

Key Companies in the Military and Aerospace Sensors Market include

• UTC Aerospace systems


• Meggitt PLC


• Eaton Corporation


• Zodiac Aerospace


• Crane Aerospace


• Viooa Imaging Technology


• Rockwest solution


• Vectornav Technologies LLC.


• Microflown Anvisa, LLC

In November 2023, Lockheed Martin plans to launch a new payload demonstrator called wideband electronically steerable antenna (ESA) on the Firefly Aerospace Alpha rocket. This demonstration aims to showcase how Lockheed Martin's technology may enhance the efficiency and speed of missions conducted in space. As per the company's announcement about the upcoming launch, the payload team anticipates that they will be able to calibrate this new ESA sensor much faster than traditional on-orbit sensors. Historically, it takes months to power on, fully calibrate, and prepare traditional sensors for their mission.

During this demonstration, the sensor was incorporated onto a Terran Orbital Nebula small satellite bus. The ESA payload, known as "Tantrum," is constructed utilizing a unique and adaptable design, incorporating dependable commercial components to enable efficient and rapid mass production. The initiative originates from Lockheed Martin Space's Ignite organization, a recently formed team with the objective of focusing on three primary missions: conducting exploratory research and development, expediting the advancement of technology, and presenting groundbreaking new products.

In June 2023, Druck, a Baker Hughes subsidiary and a prominent player in pressure measurement technology and equipment, unveiled the Druck NG3000 Pressure Sensors. These cutting-edge pressure sensors are specifically developed for the aircraft industry. Commercial and military aerospace customers now have the ability to use flight rated pressure sensors that can be easily configured within minutes using an online configurator tool. The Druck NG3000 Pressure Sensors by Baker Hughes have been meticulously engineered using advanced design tools to ensure the utmost accuracy and reliability.

These sensors incorporate the latest technology and offer customers the convenience of online configuration, eliminating the need for custom-made sensor solutions and the associated expenses and time constraints. Customers now have the ability to customize the configuration of Druck NG3000 Pressure Sensors according to their specific operating circumstances.

For Instance, May 2023

In order to identify businesses that may create novel speed-of-light sensors capable of collecting, characterizing, and transmitting nuclear weapon detonation events in gamma, electromagnetic pulse RF, and optical transmission light spectra, U.S. Air Force researchers are conducting a study of the market. Next-generation speed-of-light sensors are being developed in order to detect, characterize, and submit nuclear forensic data to national authorities.

For Instance, April 2023

In order to monitor the environment, U.S. military researchers are urging business to create quick-acting, dependable sensors that take use of microbes—tiny living creatures that are too tiny to be seen with the human eye. A broad agency announcement (HR001123S0027) for Tellus project, which aims to develop microbe-based sensors to keep an eye out for potential threats, pollutants, or changing environmental conditions, was released by DARPA officials in Arlington, Virginia, on Friday. Tellus aims to define the range of chemical and physical stimuli, environmental conditions, options for the biologically encoded information processing, the kinds of output signals which can be generated, & theoretical stand-off/remote distances in which such signals can be detected by microbial sensors.

For Instance, April 2023

Recently, Slingshot Aerospace revealed plans for growing its Global Sensor Network, which would enable it to make 100 times more observations of the Low-Earth Orbit every day.  Slingshot intends to deploy over 80 new optical sensors by the end of this year, including ultra-wide field of vision sensors and personal telescopes. With more than 20 locations throughout the world, this will increase the network's overall sensor count to more than 200. In addition to many already existing locations throughout the world getting new sensors, the expansion comprises two new sites in the Southern Hemisphere. The business claimed that its Global Sensor Network produces exact brightness and angle data that adds extra context to the current LEO radar tracking capability. Five times as many observations are possible with proprietary daytime LEO tracking capability as with night-only technologies.

For Instance, February 2023 Northrop Grunman pioneer in the field of aerospace and defense technology has recently completed the integration and testing of its first Electronically-Scanned Multifunction Reconfigurable Integrated Sensor (EMRIS), a brand-new ultra-wideband sensor. The sophisticated multifunction sensors from Northrop Grumman, like EMRIS, help warfighters make decisions faster and work together.

For Instance, September 2022  Parker completes its acquisition of Meggitt PLC with 6.3 billion Euros. With the exception of one-time expenses and deal-related amortization, the merger is anticipated to improve organic growth, strengthen cash flow, and increase Parker's earnings per share. Meggitt will increase growth opportunities through commercial aerospace recovery, anticipated  aircraft fleet renewal, and in emerging trends like electrification and low-carbon technologies. It will also add complementary technologies, increase Parker Aerospace's aftermarket mix through recurring revenue, and increase market share.

For Instance, June 2020 Among all industrial businesses, the U.S. aerospace industry continues to produce the greatest trade balance ($77.6 billion in 2019) and the second-highest volume of exports ($148 billion).  With aerospace exports growing at an average rate of 5.31 percent over the past 10 years and the aerospace trade balance rising at an average rate of 4.64 percent since 2010, this dominant position has not changed in decades.

Military and Aerospace Sensors Market Segmentation

Military and Aerospace Sensors Market by application (USD Billion, 2018-2032)

• Intelligence and reconnaissance systems


• Communication and navigation


• Electronic warfare


• Command Control

Military and Aerospace Sensors Market by Platform Outlook (USD Billion, 2018-2032)

• Land


• Airborne


• Naval


• Space

Military and Aerospace Sensors  by Regional Outlook (USD Billion, 2018-2032)

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  
  


• Rest of Europe
  
  
  
  • Asia-Pacific
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America