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Military Sensors market is projected to grow at a CAGR of 6.5% by 2033: Visiongain

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10 months ago

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Visiongain has published a new report: Military Sensors Market Report 2023-2033: Forecasts by Type (Hardware, Software), by Platform (Airborne & Space, Naval, Land), by Application (Intelligence, Surveillance & Reconnaissance (ISR), Communication & Navigation, Combat System, Electronic Warfare, Target Recognition System, Command & Control, Weapon and Fire Control System, Others), by Sensor Type (Imaging Sensors, Magnetic Sensors, Pressure Sensors, Temperature Sensors, Torque Sensors, Speed-Sensors, Position Sensors, Proximity Sensors, Others) AND Regional and Leading National Market Analysis PLUS Analysis of Leading Companies AND COVID-19 Impact and Recovery Pattern Analysis.

The global military sensors market is expected to surpass US$11.80 billion in 2022. The market is projected to reach a market value of US$23.05 billion by 2033.

Development in Military Sensor Technology to Open New Avenues for the Industry
Radar technology has evolved significantly in recent years, with improved resolution and range capabilities, as well as the ability to detect stealth aircraft and other objects that may be difficult to spot with traditional radar. There have been significant advancements in military radar technology in recent years, including the development of new sensors.

Active electronically scanned array (AESA) radars use thousands of small transmit/receive modules to dynamically adjust the radar beam, providing improved detection, tracking, and accuracy. Gallium Nitride (GaN) Transistors offer higher power efficiency, smaller size, and higher frequency capability, making them ideal for use in radar systems.

How has COVID-19 had a Significant Negative Impact on the Military Sensors Market?
The pandemic caused significant disruptions in global supply chains, including those related to the military sensors industry. Restrictions on international travel, lockdown measures, and factory closures led to delays in the production and delivery of sensor components. This resulted in supply chain bottlenecks and affected the timely completion of military sensor projects. Governments around the world faced increased financial pressure due to the pandemic’s economic fallout. Many countries redirected resources towards healthcare, relief measures, and economic recovery, leading to budgetary constraints in defense spending. As a result, some military sensor projects may have been delayed, scaled back, or put on hold due to reduced funding availability.

The focus of military operations and deployments shifted during the pandemic. Many countries directed their military resources and personnel towards supporting civil authorities in pandemic response efforts, such as setting up field hospitals, assisting with logistics, and enforcing lockdown measures. This shift in priorities could have affected the deployment and development of certain types of military sensors. The pandemic accelerated the adoption of digital technologies and remote capabilities across various industries, including the military. This digital transformation could impact the development and integration of sensors within military systems. For instance, there may be increased emphasis on networked sensors, data analytics, and unmanned systems to enhance situational awareness and reduce the need for human proximity in certain operations.

Download Exclusive Sample of Report
https://www.visiongain.com/report/military-sensors-market-2023/#download_sampe_div

How will this Report Benefit you?
Visiongain’s 328-page report provides 130 tables and 203 charts/graphs. Our new study is suitable for anyone requiring commercial, in-depth analyses for the global military sensors market, along with detailed segment analysis in the market. Our new study will help you evaluate the overall global and regional market for military sensors. Get financial analysis of the overall market and different segments including type, platform, sensor type, application, and company size and capture higher market share. We believe that there are strong opportunities in this fast-growing military sensors market. See how to use the existing and upcoming opportunities in this market to gain revenue benefits in the near future. Moreover, the report will help you to improve your strategic decision-making, allowing you to frame growth strategies, reinforce the analysis of other market players, and maximise the productivity of the company.

What are the Current Market Drivers?

Light Detection and Ranging and Biometric Sensors to Drive the Market
LIDAR technology uses lasers to create detailed 3D maps of terrain, buildings, and other objects. This can be used for reconnaissance and targeting purposes, as well as for detecting obstacles and navigating in low-light conditions. As technology continues to improve and costs decrease, the applications of LiDAR are likely to increase dramatically. At the Sensors Converge 2022 conference, LiDAR companies demonstrated amazing technology for applications that include automobiles, robots, drones, smart cities, logistics, and even road repairs. Biometric sensors can be used to identify individuals based on their unique physiological or behavioural characteristics, such as fingerprints, facial features, or gait patterns. This can be useful for identifying potential threats or suspects.

Advancement in Sensor Technology to Boost Military Sensor Industry
Rapid advancement of sensor technology, such as the miniaturization of sensors and the integration of artificial intelligence (AI), has led to new capabilities, such as autonomous vehicles, drones, and robots. These technologies can provide new ways of gathering intelligence, surveillance, and reconnaissance (ISR), and can even carry out missions independently, reducing the risk to human personnel. Therefore, it is no surprise that military spending on sensor technology has increased in recent years. This trend is likely to continue as sensors become more advanced, and their applications become more diverse. However, there are also concerns about the ethical implications of using such technologies, particularly regarding privacy and human rights, which will need to be addressed as sensor technology continues to evolve.

Where are the Market Opportunities?

Increasing Use of UAV in Warfare to Open New Opportunities in Future
Unmanned Aerial Vehicles (UAVs), also known as drones, have become increasingly prevalent in modern warfare. They offer numerous advantages, including the ability to conduct reconnaissance, gather intelligence, and carry out precision strikes without putting human pilots at risk. As a result, many militaries around the world are investing in UAV technology and incorporating them into their strategies. One of the main benefits of UAVs is their ability to provide real-time surveillance and intelligence gathering capabilities. They can be equipped with high-resolution cameras and other sensors that allow them to collect detailed information on enemy positions, movements, and activities. This information can then be used to plan and execute more effective military operations.

Increasing Use of Military Sensors in Border Security
The use of military sensors in border security has become increasingly common in recent years. Military sensors are used to detect and track movements of people, vehicles, and animals across borders. These sensors can be used to identify potential threats, such as smugglers, terrorists, or illegal immigrants.

Some examples of military sensors used for border security include radar systems, infrared cameras, acoustic sensors, and seismic sensors. These sensors are often combined with other technologies, such as unmanned aerial vehicles (UAVs), to create a comprehensive border surveillance system.

There are several advantages to using military sensors in border security. First, they can cover a large area and detect activity in remote areas where human patrols may not be feasible. Second, they can operate in all weather conditions, including low visibility or darkness. Third, they can provide real-time data to border security personnel, allowing them to quickly respond to any potential threats.

Get Detailed ToC
https://www.visiongain.com/report/military-sensors-market-2023/

Competitive Landscape
Global military sensor market is competitive in nature. Large number of well-established and small scale companies are operating in this industry. Some leading companies engaged in this industry are General Electric Company, Raytheon Technologies Corporation, Lockheed Martin Corporation, Honeywell International , BAE Systems, Thales, TE Connectivity, Amphenol Corporation, KONGSBERG, Ultra, Crane Aerospace & Electronics, Stellar Technology, Rock West Solutions, Lucius & Baer GmbH, VectorNav, Microflown AVISA, Viooa Imaging Technology, and Aerosonic, LLC. Companies are adopting different strategies such as new sensor technology development, merger & acquisitions, partnership, collaboration, and investment in order to stay competitive in the industry.

  • In March 2023, Ultra Intelligence & Communications (Ultra I&C), a leading provider of communication, command and control, and cybersecurity solutions for the defense industry, announced the addition of Medium Earth Orbit (MEO) capability for its expeditionary SATCOM antenna and terminal solutions.
  • In July 2022, Crane Aerospace & Electronics, a segment of Crane Co successfully tested its new Wireless Tire Pressure Sensors on Boeing and Alaska Airlines’ 2021 737-9 eco Demonstrator program.

To access the data contained in this document please email [email protected]
Avoid missing out by staying informed – order our report now.

To find more Visiongain research reports on the Defence sector, click on the following links:

Do you have any custom requirements we can help you with? Any need for a specific country, geo region, market segment or specific company information? Contact us today, we can discuss your needs and see how we can help: [email protected]

About Visiongain
Visiongain is one of the fastest growing and most innovative independent market intelligence providers around, the company publishes hundreds of market research reports which it adds to its extensive portfolio each year. These reports offer in-depth analysis across 18 industries worldwide. The reports, which cover 10-year forecasts, are hundreds of pages long, with in-depth market analysis and valuable competitive intelligence data. Visiongain works across a range of vertical markets with a lot of synergies. These markets include automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors. Our customised and syndicated market research reports offer a bespoke piece of market intelligence customised to your very own business needs.

Contact
Visiongain Reports Limited
Telephone: +44 (0) 20 7336 6100
Email: [email protected]
Web: www.visiongain.com

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Forum Systems Releases GenAI Productivity-Risk Framework and two Fine-tuned Models for Enterprise Customers

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May 13, 2024

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Announcing a framework to balance productivity and risk for enterprise deployments of GenAI models and releasing two fine-tuned models—Mistral QS-Sentry and Llama 3 QS-Sentry—with optimized productivity-risk profiles
Gartner Data & Analytics Summit 2024, LONDON, May 13, 2024 /PRNewswire/ — Forum Systems, a leader in LLM and API technologies, today announced the public release of two language models fine-tuned to optimize their productivity-risk profile from the Gartner® Data & Analytics Summit 2024. The research is discussed at length in two recent articles, Framework for LLM Selection by Balancing Model Risk with Workforce Productivity and Improving Productivity-Risk Profile through LLM Fine-tuning. This groundbreaking work presents a framework for balancing productivity and risk in GenAI deployments, an urgent question among business leaders today.

“LLMs security has its tradeoffs. More restrictive models will be safer but may hamper productivity. If enterprises aren’t measuring the productivity-risk balance of their models, they are in the dark about whether they’ve achieved an optimal tradeoff,” remarked Mamoon Yunus, CEO of Forum Systems. He continued, “classic machine learning metrics like precision and recall can serve as proxies for productivity and risk. Fine-tuning on extensive manual multi-vote labeled data, our LLMs show superior performance compared to base models.” 
The fine-tuned models—Mistral QS-Sentry and Llama 3 QS-Sentry—are based on Mistral-7B-Instruct-v0.2 and Meta-Llama-3-8B-Instruct.
In the first article, Forum Systems developed a framework for balancing risk and productivity and assessed the productivity-risk profile of Mistral and Llama 3 before fine-tuning. It found that, when asked to classify prompts as either safe or unsafe, Mistral was more precise and thus aligned with higher productivity, while Llama 3 was more restrictive and thus aligned with lower risk.
The second article analyzed the models after they were fine-tuned on a hand-curated dataset of about 20,000 prompts. The study showed that the productivity-risk profile of both models can see meaningful improvements after fine-tuning. Forum Systems has released both fine-tuned models on Hugging Face to contribute to the broader community of researchers and those working in AI governance and AI alignment, believing its framework for analyzing the trade-offs between productivity will also prove valuable to business leaders deploying safe and effective GenAI offerings.
As Gartner analyst Arun Chandrasekaran recently stated, “Generative AI (GenAI) has the potential to transform businesses across industries. Most business and technology leaders believe that the benefits of GenAI far outweigh its risks.” He recommends, “Put responsible AI at the heart of your generative efforts. Promote harmonious interaction among humans and machines with design thinking and by incorporating human feedback into GenAI applications.” Forum Systems agrees with Chandrasekaran’s analysis and recommendation. Its work in optimizing productivity-risk profiles of small models demonstrates that enterprise-class responsible AI deployments are within reach through fine-tuning.
Source: Gartner, 10 Best Practices for Scaling Generative AI Across the Enterprise, Arun Chandrasekaran, Leinar Ramos, Alberto Pietrobon, 10 January 2024.
GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.
About the Gartner Data & Analytics Summit 2024 Gartner analysts will provide additional analysis on data and analytics trends at the Gartner Data & Analytics Summits, taking place March 11-13 in Orlando, FL., March 26-27 in São Paulo, April 24-25 in Mumbai, May 13-15 in London May 21-23 in Tokyo, and July 29-30 in Sydney. Follow news and updates from the conferences on X using #GartnerDA.
About Forum SystemsForum Systems is leading the Enterprise GenAI revolution. Forum’s patent-pending QuantumSim™, together with Forum Sentry, mitigate the unpredictable nature of LLMs through integration with corporate APIs, ensuring LLM output is truthful and accurate. QuantumSim™ is secure by design and ships with industry-leading guardrails, moderation, data obfuscation, and observability for LLM-enabled offerings. Used by some of the largest global companies for building intelligent business workflows, Forum’s suite of products provides unique solutions that allow enterprises to reinvent themselves with GenAI.
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LG CEO EMBARKS ON STRATEGIC U.S. VISIT TO ENHANCE AI INITIATIVES

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4 hours ago

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May 13, 2024

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AI as Key Driver for Future Growth and Customer Experience Innovation
SEOUL, South Korea, May 13, 2024 /PRNewswire/ — LG Electronics’ (LG) CEO, William Cho, has embarked on a strategic business trip to the tech-rich western United States, a hotspot for global tech titans and dynamic AI dialogues. Throughout his week-long visit, Cho will focus on key tasks such as attracting top-tier AI talent, communicating the company’s vision and strategy to global investors and attending the influential MS CEO Summit. These endeavors are integral to LG’s comprehensive strategy to accelerate the incorporation of AI into all its business sectors.

AI as a Crucial Catalyst for Future Growth and Customer Experience Innovation
Throughout his trip, Cho aims to secure top-notch expertise in the AI field, an area that has recently surfaced as a critical turning point in the industry. He plans to leverage this as a springboard for transforming LG’s future business portfolio and revolutionizing the customer experience.
Annually, LG introduces approximately 100 million products to the market. Given a product lifespan of seven years, it’s estimated that nearly 700 million LG products are currently in use worldwide. Furthermore, the usage data gained from customers interacting with these devices exceeds 700 billion hours. Cho anticipates this enormous pool of usage data will help accelerate LG’s AI progression and the 700 million products will function not just as customer touchpoints but also as service platforms.
“AI, Cloud, and Big Data are new opportunities for LG”
Cho commenced his itinerary by hosting a tech conference in North America on the 11th in Cupertino, California. This program is aimed at drawing in top-notch talent from abroad. Key participants included LG’s AI Lab management team and executives from LG’s various businesses including Park Hyoung-sei, president of the LG Home Entertainment Company; Eun Seok-hyun, president of LG Vehicle component Solutions Company; Dr. Kim Byoung-hoon, CTO and executive vice president; Kim Weon-bum, CHO and executive vice president; and Dr. Sokwoo Rhee, head of LG’s North America Innovation Center.
LG extended invitations to about 50 AI experts currently working in large tech firms and startups in the Bay Area, as well as doctoral researchers from renowned universities in North America. The conference focused on discussions about the company’s vision, R&D strategy and the future trajectory of AI technology development.
Cho expressed, “In the face of transformative shifts such as electrification, servitization and digitalization sweeping across diverse industries, the application of AI, cloud and big data is paving the way for novel approaches and opportunities.” He further elaborated, “These emerging opportunities represent a new potential frontier for us, given our extensive accumulation of core technologies and expertise.”
He also provided detailed insights into LG’s AI vision of ‘Affectionate Intelligence’, which was unveiled earlier this year at CES 2024. Cho emphasized that “AI should fundamentally be used to care for and empathize with customers, provide tangible benefits and improve the customer experience,” a sentiment that deeply resonated with the attendees.
Following this, he announced, “LG is transcending its status from a global leader in the home appliance and consumer electronics to transform into a ‘Smart Life Solution Company’ that expands and interconnects various customer spaces and experiences.” He added, “I envision us collaborating to reinvent dreams as we undertake bold ventures, fueled by optimism for a brighter future and a better life.”
At the event, CTO Kim Byung-hoon spoke on the subjects of ‘Paradigm Shift’ and ‘LG’s Innovation Roadmap for the Future’, and vice president Han Eun-jung of AI Lab discussed ‘Daily Life with AI’. Professors from the University of Southern California and New York University were also invited to present on generative AI and robotics technology. A panel discussion on the theme of ‘Evolution of AI’ also attracted significant interest from the attendees.
Transition from a Leading Home Appliance Brand to a Smart Life Solution Company
Cho’s second agenda includes hosting a non-deal roadshow (NDR) on May 13, where he will interact with key executives from globally influential investment firms based in San Francisco. His strategy aims to depict LG’s transformation to a comprehensive ‘Smart Life Solution Company’. This transition is anchored in broadening the company’s business portfolio, which includes accelerating B2B business in areas such as EV components, HVAC, built-in appliances’ and signage solutions. The expansion of platform-based services like webOS, and venturing into new areas for LG such as robotics and EV charging, are also integral to this transformation plan.
In particular, Cho plans to highlight how LG is proactively engaging in the development and application of AI in its business operations. He aims to stress that creating tangible customer touchpoints is more crucial than merely having superior AI to provide authentic value and experience to customers.
In this regard, LG’s customer touchpoints, secured through its 700 million devices spanning diverse spaces from homes to vehicles and commercial areas, present a significant advantage that is unmatched by other global companies. LG’s goal is to realize Affectionate Intelligence in our daily lives by leveraging extensive real-time life data and expertise orchestrating devices and services to accelerate AI development using its devices as platforms.
Securing Global AI Allies and Discovering New Business Opportunities at the MS CEO Summit
Cho is also scheduled to attend the MS CEO Summit, a private, invitation-only event taking place in Seattle, where Microsoft’s headquarters is located, for three days starting from May 14. This summit serves as a platform for CEOs and representatives of globally leading companies to discuss and exchange ideas on various topics, including the economic and business environment, as well as industry trends.
LG is diligently working to establish world-class AI capabilities, guided by a ‘3B strategy’ that focuses on Building internal capabilities or Borrowing and Buying external resources. Given LG’s extensive global customer touchpoints and its possession of a vast amount of multi-faceted data and customer insights, the opportunities for future collaborations with globally influential tech companies are expected to become increasingly diverse.
About LG Electronics, Inc.
LG Electronics is a global innovator in technology and consumer electronics with a presence in almost every country and an international workforce of more than 74,000. LG’s four companies – Home Appliance & Air Solution, Home Entertainment, Vehicle component Solutions and Business Solutions – combined for global revenue of over KRW 84 trillion in 2023. LG is a leading manufacturer of consumer and commercial products ranging from TVs, home appliances, air solutions, monitors, automotive components and solutions, and its premium LG SIGNATURE and intelligent LG ThinQ brands are familiar names world over. Visit www.LGnewsroom.com for the latest news.
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Elevate Your Virtual Reality Experience with KIWI design RGB Vertical Stand, Now Available on Meta’s Website

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2 days ago

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May 11, 2024

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LOS ANGELES, May 11, 2024 /PRNewswire/ — Top-tier VR accessories provider KIWI design has launched its latest product, the RGB Vertical Stand. This Meta-authorized accessory, designed to deepen users’ immersion in the metaverse, is now available on the official Meta website.

“KIWI design’s commitment to pushing the boundaries of virtual reality accessories takes another leap forward with the introduction of our new products,” said Ray,the CEO of KIWI design. “We are always dedicated to bringing innovative upgrades to VR device accessories, with the goal of enriching users’ virtual reality experiences.”
The newly launched RGB Vertical Stand features a user-friendly modular design with push-in assembly, making it easy to set up and use. It is compatible with Meta Quest 3, Quest 2, and Quest Pro, ensuring widespread usability. With a magnetic USB Type-C connector, it provides an effortless way to charge and display your headset. Users can also customize their display with 16 pre-set ambient multicolor RGB light options.
With VR technology constantly evolving, users are seeking more immersive experiences. As a leading manufacturer of VR accessories, KIWI design is committed to enhancing the user experience, through unique product designs. Since its establishment in 2015, KIWI design has acquired over 100 patents and has a diverse product lineup, including head straps, facial interfaces, VR stands, charging accessories, and controller grip covers.
KIWI design has also actively participated in the Made for Meta program, which is provided by Meta to strengthen its partnerships with leading brands to deliver accessories that enhance Meta products with more choice and a richer experience for everyone. KIWI design’s participation in this program validates its high-quality design standards.
The RGB Vertical Stand for Meta Quest 3, Quest 2, and Quest Pro and another specially designed authorized charging dock for the Meta  Oculus Quest 2 are now available for purchase on both KIWI design’s website and Amazon. For more information about our brand and products, please visit our website and follow KIWI design on Facebook, Instagram, X, YouTube and TikTok.
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