Unattended Ground Sensors Market is expected to rise at a CAGR of 4.71% during 2020-2027
Overview
Global Unattended Ground Sensors Market is expected to reach USD 533.4 Million
by 2025 at a CAGR of 4.71% during the forecast
period of 2019 to 2025. The changing nature of warfare, terrorism,
geopolitical issues and rising insurgency across the globe are the factors
driving the growth of the market.
However, the operational issues associated with
UGS are expected to restrain the market growth during the forecast period.
Segmental Analysis
The Global Unattended Ground Sensors Market has
been segmented based on Sensor Type, Deployment, and End User.
Based on sensor type, the unattended ground
sensors market has been segmented into seismic, acoustic, magnetic, and
infrared. The seismic segment dominated the market with a valuation of USD
198.8 Million in 2018 and is expected to reach USD 265.4
Million by 2025. A seismic sensor can detect and classify intruders on foot
and vehicles. This sensor also provides a dynamic physical variable related to
the movement. The acoustic segment is expected to register the highest CAGR
of 5.55% during the forecast period.
On the basis of deployment, the global unattended
ground sensors market has been classified as air-delivered and
hand-emplaced. The hand-emplaced segment led the market with a value of USD
303.9 million in 2018. These sensors are largely used as an intrusion detection
system for government facilities, military bases, and commercial facilities.
Hand-emplaced sensors can be buried or hidden around such facilities. The
air-delivered segment is expected to exhibit a higher CAGR of 5.95% during the
forecast period.
By the end-user, the global unattended ground
sensors market has been divided into security and critical infrastructure. The
security segment was larger with a value of USD 332.1 Million
in 2018 and is projected to reach USD 448.7 Million by 2025. This
growth can be attributed to the increasing use of UGS for military and public
security applications. The critical infrastructure segment is expected to
register a higher CAGR of 6.55% during the forecast period.
Regional Analysis
The geographic analysis of the Global
Unattended Ground Sensors Market covers North America, Europe, Asia-Pacific,
the Middle East & Africa, and Latin America.
North America led the market with a valuation
of USD 174.6 Million in 2018 and the regional market is
expected to reach USD 226.9 Million by 2025 at a CAGR
of 3.81% during the forecast period. This can be attributed to the
presence of major manufacturers such as Lockheed Martin Corporation and
Northrop Grumman Corporation in the region.
Europe was the second-largest market with a
valuation of USD 104 Million in 2018; the European market is
projected to exceed USD 144 Million by 2025 at a 4.76%
CAGR. Market growth in the region is driven by terrorist incidents and the
influx of illegal immigrants from countries such as Syria, Iraq, and Libya.
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Competitive Analysis
The Key Players in the Global Unattended Ground Sensors Market are Applied Research Associates, Inc. (US), Domo Tactical Communications (US), Elbit Systems Ltd (Israel), L3Harris Technologies, Inc. (US), Leonardo SpA (Italy), Lockheed Martin Corporation (US), Raytheon Company (US), Textron Inc. (US), Thales Group (France), and Northrop Grumman Corporation (US).
Key Developments
- In September
2019, Elbit Systems
Ltd announced the establishment of a new company Elbit Systems Switzerland
AG to offer enhanced services to customers in Europe and establish its
position in the European defense market.
- In April
2018, Thales Group
inaugurated its new office in Bengaluru, India, to strengthen its supply
chain network and expand its customer base in the Indian market.
- In March
2017, Applied Research
launched Pathfinder, a UGS that offers various capabilities such as long
detection range and point detection capability. The launch of the product
has helped the company to establish its position in the global unattended
ground sensors market.
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