Market Overview —
Unmanned aerial vehicles (UAV) have become a vital part of defence and surveillance. These vehicles are highly capable of measuring, weapon deployment, photography and videography in defence. UAVs are embedded with sensors, which can detect any input in the form of light, heat, pressure and others. On observing the current trends, the global military UAV sensor market is expected to show nearly 06 % annual growth during the current survey period.
The economies are emphasising towards the adoption of UAV technology and are directly increasing the sensor market’s growth. UAVs are helpful in effective functioning and saving human lives against potential damages. The companies and authorities are investing in the research & development programs for increasing the usage and finding new aspects of this remarkable technology. To decrease the production costs, the key market players are searching for the regions with easy availability of the raw materials and comparatively cheap labour.
UAV sensors market is facing rapid growth due to increasing cross border tensions and terrorist activities, which is directly beneficial for the global UAV sensor technology. Different types of sensors are employed depending on the types of usage of UAV. Military UAV sensor technology has given new wings to UAVs and is beneficial for the global market. Apart from these features, the market is experiencing friction against the harsh regulations implemented by the aviation authorities and is limiting the market’s growth pace.
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The key players in the Global Military UAV Sensor Market are TE Connectivity (Switzerland), Raytheon Company (US), Thales Group (France), Lockheed Martin (US), AeroVironment (US), General Atomics (US), FLIR Systems (US), Elbit Systems (Israel), Kratos Defense & Security Solutions (US), Northrop Grumman Corporation (US), Honeywell International Inc. (US), and Safran Electronics & Defense (France).
Recent Industry News
Global Military UAV Sensor Market is booming on global levels and will stay on the track for more extended periods. To reduce the overall production of sensors, the companies are looking for regions with abundant raw materials and cheap labour. The American region is the current market leader and will stay at the top during the survey period.
Global Military UAV Sensor Market is segmented into four parts:
Sensor types: Image, motion, position, radar and other types of sensors are available in the market.
Technology type: MEMS (Microelectromechanical systems), NEMS (Nanoelectromechanical systems) and other technologies are used.
End-Users: These sensors are used for navigation, LIDAR, scanning and other operations.
America, Asia Pacific, Europe and The Middle East & Africa are the regions observed for the global military UAV sensor market.
The American region is the current market leader and will stay at the top during the survey period due to increasing demands for better defence equipment, increasing defence budgets and the presence of significant market players. The Asia Pacific region is in the second place due to large of adoption of UAV technology against various activities, increasing industrial cover and production capabilities and rise in defence budgets.
The European market is in the third place due to well-established production houses and increasing investments towards research & development of UAV technologies, directly responsible for the continuous growth of the market in this region.
The rest of the regions are still struggling to show considerable growth rates due to lagging economic growth and less budgets for defence.
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