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Military and Defense Sensor Market Insights, Swot Analysis, Size, Share, And Key Growth Factors

2025-07-11  |  13:55:06
Military and Defense Sensor Market

Military and Defense Sensor Market

Emerging applications of radar in remote sensing, rise in defense expenditure, & rise in the adoption of sensors in wearable devices drive the growth of market.

WILMINGTON, DE, UNITED STATES, July 11, 2025 /EINPresswire.com/ -- Military and defense sensor market size garnered $8.26 billion in 2021 and is estimated to generate $14.43 billion by 2031, manifesting a CAGR of 5.79% from 2022 to 2031.

The military and defense sensors market is witnessing rapid growth, driven by increased global investments in advanced defense systems. These sensors, integrated into weapons, aircraft, and electronic systems, are crucial subsystems that detect environmental changes or scan surroundings to collect vital information. After processing and analysis, this data is transmitted to other electronic components, typically computer processors.

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Military and defense sensors play a key role in applications such as navigation, weapon control, target tracking, active guidance, and situational awareness. They are widely used in systems like missiles, aircraft, radar, and warfare equipment. Additionally, electro-optical sensors are capable of detecting environmental elements such as smoke, fog, and dust, enhancing operational effectiveness in challenging conditions.

For instance, in June 2022, the Canadian Armed Forces (CAF) and the Department of National Defense (DND) are looking for creative ways to safeguard and monitor CAF permanent ground-based assets that are operating remotely in the Arctic. Additionally, the Canadian government has allocated $1.2 million for research and development. Partnership of leading organizations in the field of military and defense sensor technology, propel the military and defense sensors market growth in this region. Moreover, Mexico is witnessing considerable growth in the electronics industry. Currently, it is the second largest supplier of electronic products to the U.S. market. The electronics industry that focuses on manufacturing of audio and video devices, telecommunications, and computer equipment & its parts is one of the fastest growing industrial sectors in Mexico.

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Based on region, North America held the largest share in 2021, contributing to nearly half of the global military and defense sensor market share, and Europe is projected to grow with the highest CAGR during the forecast period. In addition, the Asia-Pacific region is expected to manifest a significant CAGR of 6.94% during the forecast period.

The North America region will have a higher market share across the globe due to the highest requirement by North American armed forces with presence of many giant market players in this market which support the growth of the North American region and expected to growth with the substantial growth rate during the forecast period. Increase in government spending to augment capabilities of armed forces drives military and defense market in this region. Further, domestic presence of military sensor manufacturers in this region and rise in demand for navigation and surveillance systems which fuels the market growth.

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Leading market players of the global military and defense sensor market analyzed in the research include Thales Group, BAE Systems plc., Raytheon Company, Curtiss-Wright Corporation, Honeywell International Inc., Esterline Technologies Corporation, Kongsberg Gruppen ASA, TE Connectivity Ltd., Lockheed Martin Corporation, and Rockwest Solutions.

The report provides a detailed analysis of these key players in the global military and defense sensor industry. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

Similar Reports We Have on Military Industry:

Military Parachute Market: https://www.alliedmarketresearch.com/military-parachute-market-A09102

Submarine Market: https://www.alliedmarketresearch.com/submarine-market-A10675

Military Battery Market: https://www.alliedmarketresearch.com/military-battery-market-A13309

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Allied Market Research
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SkyLake Theme Park Breaks Ground in Sheridan, Indiana

SkyLake is Indiana's premier year-round, nature-based theme park in Sheridan, Indiana, scheduled to open in summer 2026.Sen. Jim Banks' Regional Director Max Engling, Country 97.1 HANK FM's Mindy Winkler, SkyLake's Phil Sack & Sean Howard, Sheridan Town Council President Silas DeVaney III, and Our Lady of Mount Carmel Catholic Church Deacon Paul Lunsford at the SkyLake groundbreaking.New 126-acre nature-based theme park to feature a six-acre lake, all-season tubing hill, and treetop ropes course, creating hundreds of new jobs. SHERIDAN, IN, UNITED STATES, July 18, 2025 /EINPresswire.com/ -- Project executives, alongside state and local officials, today celebrated the official groundbreaking of SkyLake, a new theme park development set to become the Midwest’s premier year-round nature adventure destination, a major draw for the region. The festive ceremony marked the official start of construction on the 126-acre site, which will feature a six-acre natural lake with a water adventure area, an all-season tubing hill, and an extensive treetop ropes course, among its first phase of attractions. Against a backdrop of construction equipment and vibrant project renderings, project leaders and dignitaries donned SkyLake hard hats and turned the first ceremonial shovels of dirt, officially launching a new era of recreational entertainment and tourism for the state of Indiana. “This is a landmark day, years in the making,” said Phil Sack, President and Founder of SkyLake. “Our driving vision is to craft unforgettable, authentic experiences that reconnect people with nature and one another. SkyLake is our commitment to that vision. We are thrilled to begin construction and feel deeply grateful for the incredible partnership from the Town of Sheridan and Hamilton County that made this moment possible. We can’t wait to create a place where families from across the region congregate to make lasting memories for generations to come.” The project is expected to be a significant economic engine, creating hundreds of construction jobs and ultimately 250-300 seasonal and full-time operational roles. “Today, we’re not just breaking ground on a theme park; we are breaking ground on a new regional destination right here in Sheridan,” said Silas DeVaney III, Sheridan Town Council President. “SkyLake will be a source of fun, employment, and immense pride for our residents, while also serving as a major tourism draw for the region. We have been impressed with the collaborative spirit of the SkyLake team and are thrilled to welcome a partner so invested in our community's future.” SkyLake is located at 1510 East 216th Street at the northwest corner of U.S. 31 and 216th Street in Sheridan, Indiana. The park is slated to open in Summer 2026 with phased expansions through 2031. About SkyLake: SkyLake is Indiana's premier year-round, nature-based theme park in Sheridan, Indiana, scheduled to open in summer 2026. Offering unique, authentic experiences designed to reconnect guests with nature and one another, SkyLake will promote well-being and multi-generational engagement through a personalized, self-paced blend of thrilling adventure and serene relaxation. Committed to technological innovation, environmental stewardship, sustainability, and community partnership, SkyLake aims to be a destination where guests from across the region make lasting memories.

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