Military sensor fusion market set to grow to $921 million by 2030, study says
NewsJune 22, 2020
LONDON. The military sensor fusion market is predicted to grow to $921 million by 2030, according to a market study by Visiongain, "Military Sensor Fusion Market Forecast 2020-2030."
According to the study authors, sensor fusion is defined as "software that combines multiple sensors to deliver enhanced performance"; sensor fusion technology is able to integrate with different types of defense technology, including unmanned aircraft systems, spacecraft, missiles, military vehicles, ships, marine systems, satellites, and rockets.
Major factors driving the growth of the market, according to the study, include increased demand for real-time battle information; development of new applications for sensors including military flight planning, data logistics, and air tasking orders; and the deployment of fused sensor technology in autonomous weapons including bombs and night vision rifles, biological agent and bomb detection systems, and surveillance systems.
Leading companies in the military sensor fusion market, according to the study authors, include Analog Devices, BAE Systems, Curtiss-Wright, Esterline Technologies, General Dynamics, General Micro Systems, Lockheed Martin, Raytheon, Qinetiq, Renesas, Safran Group, and TE Connectivity.
For additional information on this market study, visit the Visiongain website.
