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The global military sensor fusion market has reached $204 million, and is set to grow to $756 million by 2029, market research company Visiongain evaluates.
Sensor fusion software intelligently combines data from multiple sensors in order to correct for the deficiencies of the individual sensors to calculate accurate position and orientation information.
Increased defense threats have led to increased demand for improved digitalized information in military applications. In recent years, the concept of sensor fusion has been deployed on various military platforms including weapon systems, combat vehicles, target detection and enemy identification systems. These include drones, spacecraft, missiles, military vehicles, ships, marine systems, satellites and rockets, and more.
The report Military Sensor Fusion Market Forecast 2019-2029 published in November 2018 evaluates that with the increased adoption of sensor fusion software technology in military market, the numbers of sensor fusion military applications are not limited to target detection and identification of potential threats but involve military flight planning, data logistics, air tasking orders and others. The demand to generate meaningful insights from the sensor data is expected to feed through in the latter part of the decade, driving growth to new heights, according to visiongain.com.
The most productive areas in the field of military sensor fusion is the deployment of fused sensor technology in autonomous weapons, including bombs and night vision rifles, biological agent and bomb detection systems and surveillance systems.
Major players in this market include: BAE Systems, General Dynamics, Honeywell International, Safran Group, Lockheed Martin Corporation, TE Connecrtivity, Esterline Technologies, and Kongsberg Gruppen, according to globenewswire.com, citing the report.