July 27, 2022
According to the research report titled ‘Global Unattended Ground Sensors (UGS) Market Size study, By Deployment (Hand-Emplaced, Air-Delivered), By Sensor Type (Seismic, Acoustic, Magnetic, Infrared), By End-User (Security {Military, Public Security}, Critical Infrastructure {Utilities, Industrial & Commercial Facilities}), and Regional Forecasts 2022-2028’, available with MarketStudyReport, global unattended ground sensors (UGS) market was worth USD 558.64 million in 2021 and is slated to attain USD 77.79 million by 2028, while registering a year-over-year growth rate of 4.71% through the forecasst timeframe.
The major factors driving global unattended ground sensors (UGS) market growth are increasing adoption of the product for surveillance, terrorism, situation awareness, border patrol, target acquisition, and perimeter defense, in consort with changing nature of politics, and surging prevalence of terrorism across the world.
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For the uninitiated, unattended ground sensors are utilized for several tasks including location, target detection, and recognition. They are compact in size, affordable, and efficient in transmitting target information to remote worker.
Moreover, increasing incidents of border trespassing is likely to improve revenue flow for the market in the ensuing years.
Despite the positive outlook, operational challenges with respect to the product may impede the profitability graph of the industry space during the analysis period.
Moving on, for stakeholders to analyze the current situation and maximize their profits by gaining a concise outlook on worldwide unattended ground sensors (UGS) market dynamics, the report classifies it in terms of sensor type, deployment, and end-users, while sharing details about their size, volume, and past & current growth trends.
From a geographical viewpoint, North America market is expected to record substantial growth during the assessment period, owing to early adoption of innovative technologies, and escalating investments toward wireless sensor gears.
Meanwhile, Asia Pacific industry is poised to retain a significant revenue share during the forecast timeframe, attributable to rapid advancements in emerging economies such as India and China, alongside surging demand for network-centric warfare systems from military forces.
Speaking of the competitive framework, leading conglomerates such as Leonardo S.p.A, Lockheed Martin Corporation, Applied Research Associates Inc., Elbit Systems Ltd., Raytheon Company, L3Harris Technologies Inc., Northrop Grumman Corporation, Thales Group, and Artech House Tactical Communications are influencing global unattended ground sensors (UGS) market trends.