Unattended Ground Sensors Market to be Worth $458M by 2022
January 2, 2018 | Business WireEstimated reading time: 2 minutes
The unattended ground sensors market is projected to grow from $363.8 million in 2017 to $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.
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.
Suggested Items
IDC Forecasts Slower Growth for Global Telecommunications Services Market: Could AI Help Telcos to Maintain Healthy Margins?
05/08/2024 | IDCWorldwide spending on Telecom Services and Pay TV Services reached $1,509 billion in 2023, an increase of 2.1% over 2022, according to the International Data Corporation (IDC) Worldwide Semiannual Telecom Services Tracker.
Simbe Partners with Plexus to Scale Manufacturing and Meet Global Retail Demand
05/08/2024 | Globe NewswireSimbe, the leading provider of Store Intelligence™ solutions that increase retailer performance through unprecedented visibility and insights, today announced a partnership with Plexus Corp. to bring its best-in-class retail robotics-as-a-service to market quickly and at global scale.
IDTechEx Discusses Low-Loss Materials: The Enabler of Future Connected Vehicles?
05/06/2024 | IDTechExFuture connected vehicles will offer future drivers a safer, smoother, and more convenient driving experience. Not only will drivers get access to more navigation and entertainment options, but they will also gain access to safety technologies that will potentially reduce accidents, improve congestion, and reduce emissions globally by allowing vehicle safety systems to communicate with each other and with city traffic infrastructure.
HBM Prices to Increase by 5–10% in 2025, Accounting for Over 30% of Total DRAM Value
05/06/2024 | TrendForceAvril Wu, TrendForce Senior Research Vice President, reports that the HBM market is poised for robust growth, driven by significant pricing premiums and increased capacity needs for AI chips.
Tablet Shipments Show Signs of Recovery in Q1 2024
05/06/2024 | IDCAfter more than two years of decline, worldwide tablet shipments posted modest year-over-year growth of 0.5% in the first quarter of 2024 (1Q24), totaling 30.8 million units, according to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Personal Computing Device Tracker.