March 23, 2022 | Information, Other Defence
Canada’s vision for a resilient North American trade relationship
Mary Ng outlines the benefits of the unique trilateral relationship between Canada, the United States, and Mexico.
July 30, 2019 | Information, C4ISR
Global Military Sensors Market to Reach $33.2 Billion by 2025, Growing from $24.7 Billion in 2019 at a CAGR of 5.1% During 2019-2025
The military sensors market is projected to grow from USD 24.7 billion in 2019 to USD 33.2 billion by 2025, at a CAGR of 5.1% between 2019 and 2025.
This market study covers the military sensors market across various segments and sub-segments. It aims at estimating the size and growth potential of this market across different segments based on platform, application, component, and region. This study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to their product and business offerings, recent developments undertaken by them, and key market strategies adopted by them.
Major players operating in the military sensors market are Honeywell International Inc. (US), TE Connectivity Ltd. (US), Thales Group (France), Curtiss-Wright Corporation (US), Raytheon Company (US), Esterline Technologies Corporation (US), Kongsberg Gruppen ASA (Norway), and BAE Systems plc (UK), among others.
Increasing demand for unmanned vehicles and ongoing military modernization programs are expected to fuel the growth of the military sensors market across the globe
Some of the factors that are expected to fuel the growth of the military sensors market are increased defense spending of different countries to strengthen their defense capabilities. However, the formulation and implementation of various rules and regulations related to the transfer of weapons and associated technologies are expected to act as restraints for the growth of the market.
The electronic warfare segment of the market is projected to grow at the highest CAGR from 2019 to 2025
Based on application, the electronic warfare segment of the market is projected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to the increased procurement of fighter jets. For instance, in June 2019, the US Government and Lockheed Martin entered into an agreement worth USD 34.0 billion for the procurement of 470 F-35 fighter jets.
The software segment of the military sensors market is projected to grow at the highest CAGR during the forecast period
Based on component, the software segment is projected to grow at the highest CAGR from 2019 to 2025. Increasing demand for real-time processing and analyzing of data through artificial intelligence and machine learning is expected to drive the growth of the software segment of the military sensors market during the forecast period. With the development of artificial intelligence and machine learning, the software used in military sensors can distinguish between two objects.
The North American region is estimated to account for the largest share of the military sensors market in 2019
The North American region is expected to lead the military sensors market in 2019. The market in the region is highly competitive, owing to the presence of a large number of Original Component Manufacturers (OCMs) and Original Equipment Manufacturers (OEMs) such as Raytheon Company (US), Curtiss-Wright Corporation (US), and TE Connectivity Ltd. (US) in the region. Increasing the procurement of guided munition and military aircraft is expected to fuel the growth of the military sensors market in North America.
Market Dynamics
Drivers
- Increasing Demand for Battlespace Awareness Among Defense Forces
- Ongoing Advancements in MEMS Technology
- Increasing Use of UAVs in Modern Warfare
Restraints
- Lack of Accuracy & Operational Complexities in MEMS Inertial Navigation Sensors
- Rules & Regulations Related to the Transfer of Weapons and Their Associated Technologies
- Declining Defense Budgets of Several Countries of North America & Europe
Opportunities
- Demand for New Generation Air and Missile Defense Systems
- Integration of Anti-Jamming Capabilities With Navigation Systems
Challenges
- Cybersecurity Risks
- Complexity in the Designs of Military Sensors
Companies Profiled
- BAE Systems PLC
- Esterline Technologies Corporation
- Honeywell International Inc.
- Imperx
- Kongsberg Gruppen
- Lockheed Martin
- Microflown Avisa B.V.
- Raytheon
- Rockwest Solutions
- TE Connectivity Ltd.
- Thales
- Ultra Electronics
- Vectornav Technologies, LLC
- Viooa Imaging Technology
For more information about this report visit https://www.researchandmarkets.com/r/a91ey1
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February 9, 2018 | Information, Aerospace, Naval, Land, C4ISR, Security
Doing business with NATO
Canada has a new representative at the NATO Communications and Information Agency (NCIA / NCI Agency). Ms Joanna Glowacki started this fall and is ready to help Canadian companies connect with NATO ICT business opportunities. She can be reached at joanna.glowacki@ncia.nato.int or +32 (0)2 707.82.27 As you know, Canada has established a new Liaison Officer at the NATO Support and Procurement Agency (NSPA) in Capellen, Luxembourg. Lieutenant-Colonel Martin Bedard arrived in the summer and some of you have already been engaging with him. Martin's email address is calo@nspa.nato.int Canadian companies are encouraged to continue to track NATO business opportunities on the websites of the two NATO Acquisition Agencies – NCI Agency and NSPA. For companies tracking ICT business opportunities at NATO, it is recommended that you follow the NCI Agency Bulletin Board website https://www.ncia.nato.int/Industry/Pages/Home.aspx for the latest updates on current business opportunities. If you see an opportunity of interest, shown on the website as a Notice of Intent (NOI), notify the Canadian Delegation to be added to the bidders list. There is no cost to receive the bid package and no commitment to bid once on the bidders list, although for each and every opportunity you must notify Canada's Delegation to NATO at BNATO.industry@international.gc.ca to be added to the bidders list. For NATO business opportunities in the area of logistics and maintenance, the NATO Support and Procurement Agency (NSPA) website is: http://www.nspa.nato.int/en/index.htm. You should also register your company as a supplier of NSPA – there is no cost and no commitment to register your company – so you start to receive notices of NSPA business opportunities in your domain. You can register at the following link: http://www.nspa.nato.int/en/organization/procurement/supplier.htm. You can also view “Future Business Opportunities” on the NSPA database: http://www.nspa.nato.int/en/organization/procurement/fbo.htm. Right click on an item of interest for more detail. Check out as well the “Request for Proposal” opportunities at the same site – right side of page. You can also look at the following webpages for general information: Guide to navigating NATO procurement: http://www.forces.gc.ca/en/business-connecting-foreign-markets/nato-faqs-guide-procurement.page Answers to Frequently Asked Questions about NATO business opportunities: http://www.forces.gc.ca/en/business-connecting-foreign-markets/canadian-industry-doing-business-nato-faqs.page Guide pour la navigation- Acquisitions au sein de l'OTAN: http://www.forces.gc.ca/fr/faire-affaires-acceder-marches-etrangers/otan-faqs-guide-acquisition.page Réponses aux questions fréquemment posées sur les opportunités d'affaires de l'OTAN: http://www.forces.gc.ca/fr/faire-affaires-acceder-marches-etrangers/industrie-canadienne-faqs-otan.page
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