Defense Electronics Market Intelligence Report

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The electronic defense market will exceed $231.6 billion by 2030, from $105 billion in 2019 at a CAGR of 6.4% in the coming years, i.e., 2021-30. Product Overview Defense electronics can be defined as electronic components and systems specifically designed for technological superiority in national defense.

New York, May 16, 2022 (GLOBE NEWSWIRE) — Reportlinker.com Announces Release of “Defence Electronics Market Intelligence Report” – https://www.reportlinker.com/p06276447/?utm_source=GNW
Defense electronics-based systems provide reliable and high-performance electronic detection, protection and attack capabilities to help operations succeed while minimizing fatalities. Multidisciplinary engineering teams collaborate with commercial and academic partners to build these electrical solutions. The development of defense electronics is often funded by national or allied defense research and development programs, although it may also result in related dual-use commercial enhancements. Many of these components are designed specifically for use in military applications with high temperature and vibration requirements. These sophisticated systems can be used on a variety of military platforms, including large and small aircraft, ships, submarines, satellites, portable devices and ground vehicles.

Market Highlights
The global defense electronics market is expected to project a notable CAGR of 6.4% in 2030.

The market is driven by a defense modernization program and increased purchase of advanced electronic warfare systems. Additionally, the global industry is being boosted by an increase in military satellite development and spending. Regions with higher tire production capacity, strong automobile sales and relatively loose regulations to support the development of Defense Electronic hold significant shares in the global market.

Global Defense Electronics: Segments
Ground Segment Expected to Grow with Highest CAGR in 2019-31

The global defense electronics market is divided by platform into land, air, and naval. Among these, the Land segment held the largest market share. According to global Fatpos analysis, Land is the most dominant segment and hence is expected to grow at a CAGR of 7.9% during the forecast period. Ground vehicles have seen a significant increase in electronic systems, with previous generations of vehicles relying primarily on mechanical/hydraulic systems for fire control and more basic optical systems for situational awareness. Current and future generation vehicles incorporate advanced digital optical systems for soldiers and drivers, as well as advances in electronic warfare systems, and even radar to allow for the presence of active protection systems.

C4ISR Systems Segment Expected to Grow with Highest CAGR During 2019-31

Based on equipment type, the global defense electronics market is fragmented into C4ISR systems, weapon systems, electro-optical and infrared (EO/IR) systems, military simulators, radar systems, sonar systems, avionics and electronic warfare. C4ISR systems are growing in importance for mission success. The increasing breadth and depth of data and information, the increasing speed with which information flows and weapons can be deployed, and the explosion of interoperable digital devices have made DoD realize the need to develop and to deploy more modern C4ISR capabilities.

Market dynamics
Drivers
The country’s security policies

The global defense electronics market has witnessed profitable growth owing to stringent regulatory standards and government policies supportive of the country’s security policies. Governments of many countries are concerned about their national security, which ultimately increases the demand for the defense electronics market. Also, increasing government spending on research and development activities is expected to boost the market growth.

Growing demand for computer-aided software solutions

From a technology perspective, the reason defense electronics is becoming so prevalent in defense platforms and systems is the greater availability of enabling technologies that are helping to shape the market. Driven by the growing emphasis on defense electronics in platform procurement, software-defined systems are becoming the norm. The use of such systems allows for system change, upgrade, and general ease of modification and use for a multitude of reasons. Having a software-defined capability architecture will also enable more open architectures (OA), enabling the addition of third-party capabilities to platforms and systems while ensuring that the capability remains state-of-the-art. technology.

Detention
Market complexity

New systems in development for future fielding include a wide range of electronic subsystems that take advantage of rapid technical breakthroughs in the civilian market and integrate them with highly specialized, mission-specific defense technologies and systems. Companies with a broad portfolio, global footprint, and access to customer-funded research and development are expected to experience long-term growth in the global defense electronics market.

Global Defense Electronic: key players
BAE Systems plc
The Boeing Company
Honeywell International Inc.
Saab AB
Safran S.A.
L3Harris Technologies Inc
Bharat Electronic Limited
Thales Group
Rafael Advanced Defense Systems Ltd
Northrop Grumman Company
Indra Systems SA
Raytheon Technologies Corporation
Other top players
Global Defense Electronic: Regions
The global defense electronics market is segmented on the basis of regional analysis into five major regions: North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. Based on region, North America is expected to be the growth driver for the defense electronics market in the near future. Asia-Pacific is also expected to hold a significant share of the global market. North America holds the majority of the defense electronics market share and is expected to grow significantly over the forecast period. The rest of the regions are expected to witness an increase in the defense electronics market in 2015-2031.

Global Defense Electronic is further segmented by region into:

North America Market Size, Share, Trends, Opportunities, YOY Growth, CAGR – US & Canada
Latin America Market size, share, trends, opportunities, annual growth, CAGR – Mexico, Argentina, Brazil and rest of Latin America
European Market Size, Share, Trends, Opportunities, YOY Growth, CAGR – UK, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
Market Size, Share, Trends, Opportunities, YoY Growth, CAGR of Asia-Pacific Market – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
Middle East & Africa Market Size, Share, Trends, Opportunities, YoY Growth, CAGR – North Africa, Israel, GCC, South Africa & Rest of MENA
The Global Defense Electronic report also contains analysis on:
Electronic Defense Segments:

By type of equipment
C4ISR systems
Weapon systems
Electro-optical and infrared (EO/IR) systems
Military simulators
Radar systems
Sonar systems
Avionics
electronic warfare
By app
Ground
Air
Naval
Space
Defense Electronic Dynamics
Defense Electronic Size
Offer and demand
Current trends/issues/challenges
Competition and companies involved in the market
Market value chain
Market drivers and restraints
Read the full report: https://www.reportlinker.com/p06276447/?utm_source=GNW

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