At 4.71% + CAGR, Unattended Ground Sensors (UGS) Market to be worth more than USD 457.9 million by 2022
“The unattended ground sensors market is projected to grow at a CAGR of 4.71% from 2017 to 2022”
The unattended ground sensors market is projected to grow from USD 363.8 million in 2017 to USD 457.9 million by 2022, at a CAGR of 4.71% from 2017 to 2022. The changing nature of warfare and rise in the terrorism, geopolitical issues, and insurgencies across countries in the world are key factors driving the growth of the unattended ground sensors market. However, operational issues such as false alarms and power management are projected to hinder the market growth. In addition, susceptibility of sensor networks to cyber-attacks acts as a key challenge to the growth of the market. On the other hand, factors such as the need for enhanced situational awareness, advances in Digital Signal Processing (DSP) and wireless sensor networks, and rise in incidences of border trespassing coupled with the upgrade of the existing border security infrastructure offer key growth opportunities to manufacturers of unattended ground sensors.
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“The infrared segment is expected to grow at a high rate from 2017 to 2022”
Infrared sensors are designed to alert users regarding an intruder’s presence through transmission of an infrared light beam across the zone. An infrared sensor measures the heat being emitted as well as notices the motion of the object. It also detects the electromagnetic radiated energy generated by sources that produce temperatures below that of visible light. These sensors basically measure the change in thermal radiation. The image obtained through these sensors is vital in identifying the significance of threat in military as well as commercial applications and so these are currently widely adopted. Hence, the infrared segment is expected to grow at a high rate during the forecast period.
“Security is estimated to lead the unattended ground sensors market”
The security segment covers both the military as well as the public security. The unattended ground sensors were initially used in military sector and later was adopted in the critical infrastructure sector. Owing to the increasing instances of border trespassing in regions such as North America and Asia Pacific, the security segment is estimated to lead the unattended ground sensors market.
“North America is the largest market for unattended ground sensors”
North America is currently the largest market for unattended ground sensors, followed by Europe and Asia Pacific. The growth in North America is primarily driven by the US and Canada. The major application areas of unattended ground sensors in the US is border protection. Both, the US and Canada are technologically superior countries, with a huge potential to invest in UGS sensors, wireless sensor network, and related equipment, which, in turn, will drive the unattended ground sensors market in the North American region.
Breakdown of Primaries:
In-depth interviews were conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess market prospects.
The distribution of primary interviews is as follows:
By Company Type: Tier 1 – 30%, Tier 2 – 35%, and Tier 3 – 35%
By Designation: C-Level – 32%, D-Level – 38%, Engineer-Level – 30%
By Region: Asia Pacific – 27%, Europe – 18%, North America – 46%, Rest of the World – 9%
The tier of the companies has been defined on the basis of their total revenue, as of 2015: Tier 1 = > USD 1 billion, Tier 2 = From USD 100 million to USD 1 billion, and Tier 3 = < USD 100 million
Related Report:
Radar Sensor Market by Type (Imaging and Non-Imaging) Technology Component Band (HF VHF and UHF L S C and X Ku K Ka V and W) Range (Short-range Mid-range Long-range) Application Vertical and Geography - Global Forecast to 2023
“The radar sensor market estimated to grow at a CAGR of 19.51% between 2017 and 2023”
The radar sensor market is expected to grow from USD 5.95 billion in 2016 to USD 20.64 billion by 2023, at a CAGR of 19.51% between 2017 and 2023. The growth of this market is driven by the increasing focus on safety and security needs in automotive applications, and increasing need for border security systems. This market is further driven by unlocking the wideband 5G and millimeter wave–based RF system capabilities. “Market for automotive application to hold a major share of the radar sensor market during the forecast period”
Technology has become more advanced and mainly focused on the safety and security needs in various applications such as vehicle collision assistance, industrial and public safety, and robotic assistance. Technological advances permit proactive safety features such as collision mitigation system and vulnerable road user detection. These increasing features are used for combating the increasing worldwide accidental rate. Due to these reasons, the automotive companies are implementing radar sensors and systems within its cars.
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Posted by
Vinay Kudale
on Wednesday August 08 2018, 1:19 PM EDT.
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