Pune, India -- (SBWIRE) -- 08/15/2018 -- Market Highlights:
Military UAV Sensor Market by UAV Type (HALE, MALE, Tactical, Small), Sensor Type (Radar Sensor, Image Sensor, Motion & Position Sensor, Others), Technology Type (CMOS, MEMS, NEMS, Others), Application (Collision Avoidance, Navigation, 3D Scanner, Data Acquisition, LIDAR, Others), & Region – Global Forecast till 2023
The sensor is a device that detects physical input, such as light, heat, motion, moisture, pressure, or any other entity, and responds by producing an output on a display or transmits the information in electronic form for further processing. Sensors are used in unmanned aerial vehicles to cater different functions such as navigation, collision avoidance, and data acquisition. Image sensor systems are currently trending in the market and are expected to be of significant importance, particularly in battlefield monitoring. Another important application of the UAV sensors is laser scanning, which covers large areas of terrains, such as steep gullies and cliffs, which is widely used due to its high accuracy in measuring distance. Of late, high investments are being made on the development of military UAVs, which would witness a rapid growth during the forecast period. However, one of the major restraints of the market is the stringent regulations made by the local aviation regulatory bodies.
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Major 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.), and Safran Electronics & Defense (France).
The increasing investments in military UAVs, such as combat drones, will offer new growth opportunities to the market players. One of the factors responsible for the growth of the military UAV sensor market is the increasing number of military drones, such as combat drones, tactical drones, and target drones. The sensor market is predominantly headed by the electronics industry. Companies are strategically setting up their electronic manufacturing plants in the Asia Pacific region to avail various benefits, such as low cost of raw materials and availability of cheap labor. There were a number of contracts that fueled the market growth. For instance, in 2017, Kratos Defense & Security Solutions Inc. signed a contract with Defense Innovation Unit Experimental for the integration of certain sensors in high-speed drones.
The scope of the Report
This study provides an overview of the Military UAV Sensor Market, tracking four market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia Pacific (APAC), Middle East & Africa and Latin America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Military UAV Sensor Market market by its UAV type, sensor type, technology type, application, and region.
By UAV Type
By Sensor Type
By Technology Type
- Collision Avoidance
- 3D Scanner
- Data Acquisition
- North America
- Asia Pacific
- Middle East & Africa
- Latin America
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On the basis of region, the market has been segmented into North America, Asia Pacific, Europe, Middle East & Africa, and Latin America. North America is expected to dominate the market in the future, due to its high deployment of UAVs for military applications. As a result, there is a large-scale development of sensors, such as image sensor, radar sensor, motion sensor, and optical sensor, which are integrated with UAV. Asia Pacific region follows the North American region in the global market due to the recent investments by companies on R&D and expanding electronics industry. Thus, the global military UAV sensor market is estimated to witness a rapid growth, at a CAGR of approximately 6%, during 2018 to 2023.
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