Report Ocean recently released a research report on the Defense Electronics Market, which covers the market’s historical growth, cost structure, revenue, trends, and potential prospects for the period 2023-2031. The report provides an extensive coverage of the market across various categories and includes a detailed analysis at the national level, along with an evaluation of the key drivers, restraints, trends, and opportunities in the market.
The global defense electronics market size was US$ 115 billion in 2021. The global defense electronics market is forecast to grow to US$ 201.6 billion by 2030, registering a compound annual growth rate (CAGR) of 6.1% during the forecast period from 2022 to 2030.
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Factors Influencing the Market Growth
The increasing number of policies related to the nation’s security is forecast to fuel the market growth. The global defense electronics market will witness several growth opportunities, owing to the strict regulatory standards and supportive government policies in various countries. Governments of several countries are focused on strengthening national security, which will fuel the demand for defense electronics, thereby boosting the market growth.
Increasing government investments in research and development activities are forecast to benefit the global defense electronics market.
Mounting demand for digitalized solutions is another prominent factor driving the market growth. Software-Defined Systems are expected to gain a large consumer baser, owing to the increasing focus on providing excellent defense electronics.
Rising tensions between borders of various nations are forecast to benefit the global defense electronics market during the study period.
Regional Analysis
North America is forecast to record rapid growth in the global defense electronics market due to the increasing penetration of advanced technologies and governments’ focus toward strengthening the defense segment. In addition, Asia-Pacific is forecast to hold a notable share in the global defense electronics market, owing to the increasing initiatives towards the countries security.
COVID-19 Impact Analysis
The COVID-19 pandemic hampered the growth of various economies. The focus of governments diverted towards the healthcare sector and preventing the economy from the harms of the pandemic. In order to save the lives of people, governments of various countries imposed strict lockdowns. As a result of this, manufacturing, production, and R&D activities were all halted in the defense electronics industry. Thus, the market witnessed an abrupt negative impact during the pandemic.
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The lockdown restrictions also affected the import-export activities, which declined the market growth during the pandemic. Due to the unavailability of raw materials, companies had no option but to put a pause on the activities. Thus, it hampered the growth of the global defense electronics market during the pandemic period.
On the contrary, the global defense electronics market will recover significantly, owing to the growing initiatives by governments of various nations.
Competitors in the Market
- 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
Market Segmentation
The global defense electronics market segmentation focuses on Equipment Type, Application, and Region.
By Equipment Type
- C4ISR Systems
- Weapon Systems
- Electro-Optical and Infrared (EO/IR) Systems
- Military Simulators
- Radar Systems
- Sonar Systems
- Avionics
- Electronic Warfare
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By Application
- Land
- Air
- Naval
- Space
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
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- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Table of Content
Chapter 1: Global Defense Electronics Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Defense Electronics market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Defense Electronics Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Defense Electronics market Size Forecast (2023-2031).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Defense Electronics market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Defense Electronics market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Defense Electronics market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Defense Electronics business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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