Global Defense Electronic Market Overview:
Defense electronics encompass diverse technologies that are of utmost importance for military missions as well as safeguarding the nation’s safety. In this line of work, you will find state-of-the-art radar systems, electronic warfare (EW) devices, communication and navigation systems, avionics among others. The defense electronics market is expected to witness significant growth due to increasing focus on technological advancements, increasing geopolitical tensions, and increasing demand for new military capabilities. The combination of artificial intelligence (AI) and machine learning (ML) will strengthen defense systems, making them smarter and more effective. Further, army has planned to modernize and upgrade existing systems to extend their service life and incorporate advanced technology, which is expected to create noteworthy opportunities. However, challenges related to high costs, complex system integration and cyber security threats are some challenges for the market
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Shift Towards Network-Centric Warfare, Which Relies On Integrated and Interoperable Systems and Integration of IoT, AI and Machine Learning for Improved Situational Awareness and Enhanced Data Analysis
Market Growth Drivers:
Ongoing Conflicts and Tensions Between Nations or Regions and Emphasize On National Security and Increased Defense Spending & Investment in Advanced Defense Electronics
Challenges:
Vulnerability to Cyber Attacks May Create Challenges
Restraints:
Compliance With Stringent Defense Standards and Regulations Influences the Market
Opportunities:
Modernization and Upgradation Programs of Defence Equipment or Vehicles Across the Globe
Competitive Landscape:
The key players are targeting the innovations of the Solutions with better quality, better technical characteristics. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market.
Some of the key players profiled in the report are Saab AB (Sweden), Teledyne Technologies Incorporated (United States), BAE Systems (United Kingdom), Curtiss-Wright Corporation (United States), Safran S.A. (France), Northrop Grumman Corporation (United States), RTX (United States), Elbit Systems (Israel), L3Harris Technologies, Inc. (United States), General Dynamics Corporation (United States), Leonardo S.p.A. (Italy), Thales Group (France) and Lockheed Martin (United States). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Defense Electronic market by 2030. Considering Market by Technology, the sub-segment i.e. Radar Systems will boost the Defense Electronic market. Considering Market by Deployment, the sub-segment i.e. Airborne (Combat Aircraft, UAVs) will boost the Defense Electronic market.
What Can be Explored with the Defense Electronic Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Defense Electronic Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Defense Electronic
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Defense Electronic market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Defense Electronic market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Defence Electronics Manufacturers, Suppliers & Distributors, Modernization and Upgradation Contractors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.