Defence Electronics Market

Defense Electronic Market to surpass USD 231.6 Billion by 2030 from USD 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 an electronic components and systems that are specifically designed for technological superiority in national defense. Defense electronics-based systems provide reliable, high-performance electronic detection, protection, and attack capabilities to help operations succeed while minimizing deaths. Multidisciplinary engineering teams collaborate with commercial and academic partners to build these electrical solutions. Defense electronics development is often funded through national or allied defense research and development programs, although it may also result in related dual-use commercial improvements. Many of these components are designed specifically for use in military applications with high temperature and vibration demands. These sophisticated systems can be used on a variety of military platforms, including large and small planes, ships, submarines, satellites, handheld devices, and land vehicles. Market Highlights Global Defense Electronic market is expected to project a notable CAGR of 6.4% in 2030. The market is being fueled by a defense modernization program and increased procurement of advanced electronic warfare systems. Furthermore, the global industry is being boosted by an increase in military satellite development and spending. Regions with higher production capacity for tires, strong automotive sales and the comparatively low stringent regulations to support the development of Defense Electronic hold significant shares in the global market. Global Defense Electronic: Segments Land segment to grow with the highest CAGR during 2019-31 Global Defense Electronic Market is bifurcated By Platform into Land, Air, Naval, and. Among these, Land segment held the largest market share. As per the Publisher Global Analysis, Land is the most dominant segment and thus, is expected to rise at a CAGR of 7.9% during the forecast period. Land vehicles have seen the major increase in electronic systems, with earlier generations of vehicles relying mainly on mechanical/hydraulic systems for fire control and more basic optical systems for situational awareness. Current and future generation vehicles are integrating advanced digital optical systems for soldiers and drivers, also as incorporating advances in electronic warfare systems, and even radar to allow the presence of active protection systems. C4ISR systems segment to grow with the highest CAGR during 2019-31 Based on Equipment Type, global Defense Electronic Market 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 gaining 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 driven home the need for the DoD to grow and deploy more modern C4ISR capabilities Market Dynamics Drivers Nation's security policies Global Defense Electronics Market has been witnessing profitable growth owing to strict regulatory standards, supportive government policies on nation’s security policies. Governments of many countries are being concerned about their national security which ultimately rise the demand of the defense electronics market. Additionally, rising government spending in research and development activities which is expected to boost the market growth. Escalating demand for computer-aided software solutions Looking into the technology perspective, the prompt reason why defense electronics are becoming so prevalent on defense platforms and systems is the greater availability of enabling technologies that are helping to shape the market. Prompted by the increased focused on defense electronics as of prime importance in platform procurement, Software-Defined Systems are on their way to becoming the standard. Using 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 allow for more Open Architectures (OA), allowing for the addition of third-party capabilities to platforms and systems while ensuring that capability remains at the cutting edge of technology. Restraint Complexity of the market 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 and mission-specific defense technologies and systems. Companies with a broad portfolio, a global footprint, and access to customer-funded research and development are expected to see 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 SA L3Harris Technologies Inc Bharat Electronics Limited Thales Group Rafael Advanced Defense Systems Ltd Northrop Grumman Corporation Indra Sistemas SA Raytheon Technologies Corporation Other Prominent Players Global Defense Electronic: Regions Global Defense Electronic market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. On the basis of region, North America is expected to be the growth engine of Defense Electronic Market in the near future. Asia-Pacific is also anticipated to hold a significant share in the global market. North America holds the majority of the share for Defense Electronic Market and is expected to grow significantly in forecast period. The rest of the regions are anticipated to witness rise in the Defense Electronic Market in 2015- 2031. Global Defense Electronic is further segmented by region into: North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA Global Defense Electronic report also contains analysis on: Defense Electronic Segments: By Equipment Type C4ISR Systems Weapon Systems Electro-Optical and Infrared (EO/IR) Systems Military Simulators Radar Systems Sonar Systems Avionics Electronic Warfare By Application Land Air Naval Space Defense Electronic Dynamics Defense Electronic Size Supply & Demand Current Trends/Issues/Challenges Competition & Companies Involved in the Market Value Chain of the Market Market Drivers and Restraints