Global Defense Electronics
Market Report
2024
The global defense electronics Market size is USD 166.7 billion in 2024. The defense electronics market will show strongest growth with a compound annual growth rate (CAGR) of 5.1% from 2024 to 2031. This expansion is due to technological advancements.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global defense electronics market size is USD 166.7 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 5.1% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Defense Electronics Market Sales Revenue 2024 | $ 166.7 Billion |
Global Defense Electronics Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.1% |
Market Drivers: The demand for defense electronic systems is driven by the necessity for strong cybersecurity measures to safeguard defense infrastructure from cyber attacks. | |
Market Restrains:
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Market Split by Vertical |
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Market Split by Platform |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Defense Electronics Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Defense electronics describes a specific market for highly customized electrical systems and components utilized by the armed forces. The defense electronics industry is propelled by factors such as the increasing demand for AI and IoT devices in military operations and the rising investment in defense electronic systems. Several factors are propelling the defense electronics market forward. One of them is the development of next-generation air and missile defense systems, which is leading to an increase in the usage of integrated defense electronic technologies. Defense electronics require a large initial investment, and avionics systems have significant installation and upgrade costs, which limit the market’s overall growth. Defense electronics systems have undergone substantial improvement as a consequence of technological advancements in military systems and equipment. Defense electronics producers may face substantial challenges in complying with government-imposed export prohibitions and stringent regulations. With the future of defense goods and services uncertain, governments and corporations are increasing their investments in the defense electronics sector.
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In May 2024, Lockheed Martin, in collaboration with various Defense Services and Components, successfully engaged a cruise missile target in flight using a PAC-3 Missile Segment Enhancement (MSE) interceptor that was launched from an MK-70 containerized launch vehicle. The launch of PAC-3 MSE in this configuration, employing the Virtualized Aegis Weapon System to intercept a live target, is a first for this test. (Source:https://news.lockheedmartin.com/2024-05-20-pac-3-mse-integrated-with-aegis-weapon-system-defeats-target-in-flight-test.
Top Companies Market Share in Defense Electronics Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America emerged as the dominant region in the defense electronics market due to its high defense spending, sophisticated technology, and superior technical capacities, with an emphasis on advancements in military technology. A strong presence of significant electronic companies and numerous government programs fuels the region's defense electronics. In addition, to safeguard national security interests and preserve the military sector, the nation invests substantially in enhancing defense electronics capabilities.
Asia-Pacific stands out as the fastest-growing region in the defense electronics market because of heavy spending on military modernization, escalating geopolitical tensions, and growing defense expenditures. The need for cutting-edge defense electronics is being met by the region’s efforts to improve its cyber, communication, and surveillance capabilities. The integration of state-of-the-art technology and the existence of developing economies both contribute to the acceleration of market growth in this area.
The current report Scope analyzes Defense Electronics Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Defense Electronics Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Defense Electronics Industry growth. Defense Electronics market has been segmented with the help of its Vertical, Platform , and others. Defense Electronics market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for Defense Electronics market.
Vertical of Defense Electronics analyzed in this report are as follows:
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According to cognitive market research, airborne is the dominant category because it emphasizes technologies and systems developed specifically for usage in airplanes and platforms used by aircraft. It has many systems and electronics that are necessary for the ship's operations and the mission’s success. In addition, flight control systems for aircraft control, communications, navigation, and tracking are integral parts of the airborne segment’s avionics systems. Among these are systems for flight control, instructions in the cockpit, communications, navigation, and monitoring. The expansion of the airborne segment is mostly attributable to the rising need for sophisticated aircraft.
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Research Associate at Cognitive Market Research
Anjali Lawand is an accomplished market researcher with a distinct focus on the intricate sector of the Aerospace and Defense. Driven by an unshakable analytical prowess and an insatiable appetite for technological progress, she has committed more than ten years to immersing herself in the ever-evolving panorama that molds the trajectory of aviation, space exploration, and the critical sphere of national security.
Anjali is a results-driven research analyst with a passion for transforming complex information into strategic insights. Grounded in a solid expertise in research and analysis in aerospace and defence category. She thrive on the challenges of data exploration and analysis.Her goal is to provide organizations with the actionable intelligence they need to navigate an ever-evolving business landscape and succeed in their business goals.
In her current role, Anjali manages research for aerospace and defence category, leading pivotal research initiatives, delving into market trends, consumer behavior, and competitive landscapes. She possess a proven ability to decipher intricate datasets, employing statistical models and visualization tools to deliver strategic insights. Collaborating seamlessly with cross-functional teams.She played a key role in shaping successful business strategies grounded in robust research.She dedicated to staying at the forefront of research methodologies and industry advancements. Anjali remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Defense Electronics Market is witnessing significant growth in the near future.
In 2023, the Navigation segment accounted for noticeable share of global Defense Electronics Market and is projected to experience significant growth in the near future.
The Airborne segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Lockheed Martin Corporation (US) , Raytheon Technologies Corporation (US) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Vertical | Navigation, Communication, and Display, C4ISR, Electronic Warfare, Radars, Optronics |
Platform | Airborne, Marine, Land, Space |
List of Competitors | Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Raytheon Technologies Corporation (US), Thales Group (France), BAE Systems plc (UK) |
This chapter will help you gain GLOBAL Market Analysis of Defense Electronics. Further deep in this chapter, you will be able to review Global Defense Electronics Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Vertical Analysis 2019 -2031, will provide market size split by Vertical. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Vertical Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Platform Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Defense Electronics market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Navigation have a significant impact on Defense Electronics market? |
What are the key factors affecting the Navigation and Communication of Defense Electronics Market? |
What is the CAGR/Growth Rate of Airborne during the forecast period? |
By type, which segment accounted for largest share of the global Defense Electronics Market? |
Which region is expected to dominate the global Defense Electronics Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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