The defense electronic market size is estimated to garner a valuation of US$ 178 billion in 2024. The adoption of defense electronic is likely to rise at a CAGR of 5.8% through 2034. Heightened geopolitical tensions and security threats drive the demand for advanced defense electronics. Countries seek to enhance their military capabilities, leading to increased investments in cutting-edge electronic warfare systems, communication devices, and surveillance equipment.
The defense electronic industry is projected to reach US$ 311.5 billion by 2034. Many countries are undertaking military modernization initiatives to upgrade their defense capabilities with state-of-the-art electronic systems. This includes the procurement of advanced radar systems, missile defense systems, unmanned aerial vehicles (UAVs), and electronic countermeasure (ECM) systems.
Demand Analysis of the Defense Electronic
Attributes | Details |
---|---|
Defense Electronic Market Value for 2024 | US$ 178 billion |
Defense Electronic Market Value for 2034 | US$ 311.5 billion |
Defense Electronic Market Forecast CAGR for 2024 to 2034 | 5.8% |
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Historical CAGR | 7.5% |
---|---|
Forecast CAGR | 5.8% |
The historical performance of the defense electronic market has been characterized by a steady CAGR of 7.5%, reflecting strong demand for advanced electronic systems and equipment in the defense sector. However, the forecasted CAGR of 5.8% indicates a slight decrease in growth rate compared to previous years.
Defense electronics are evolving towards digitization and network-centric warfare paradigms, where interconnected systems facilitate real-time data sharing and decision-making on the battlefield. This trend drives the adoption of advanced sensors, communication systems, and command-and-control technologies to enhance situational awareness and operational effectiveness.
With the growing threat of cyberattacks, there is a heightened focus on cybersecurity measures within defense electronic systems. This includes the integration of robust encryption algorithms, intrusion detection systems, and secure communication protocols to safeguard sensitive data and prevent unauthorized access to military networks and assets.
The demand for autonomous and unmanned systems in defense operations is driving innovation in defense electronics. These systems leverage technologies such as artificial intelligence, machine learning, and autonomous navigation to perform various tasks autonomously, ranging from surveillance and reconnaissance to logistics and combat missions.
Modern defense electronic systems are designed to operate across multiple domains, including land, sea, air, space, and cyberspace. This integration of multi-domain capabilities enables seamless coordination and interoperability among different branches of the military, enhancing overall operational efficiency and mission success.
This section provides detailed insights into specific categories in the defense electronic industry. The navigation, communication, and display vertical segment emerge as a top contender, witnessing sustained growth at a slightly decreased rate. Similarly, the airborne platform segment shows promising growth prospects, indicating a rise in demand for defense electronic systems in aerial applications.
Top Vertical | Navigation, Communication, and Display |
---|---|
CAGR % 2019 to 2023 | 7.3% |
CAGR % 2024 to 2034 | 5.6% |
The navigation, communication, and display segment is anticipated to record a rise in demand with a CAGR of 5.6% through 2034.
Top Platforms | Airborne |
---|---|
CAGR % 2019 to 2023 | 7.1% |
CAGR % 2024 to 2034 | 5.4% |
The airborne segment to register a steady CAGR of 5.4% through 2034.
The section analyzes the defense electronic market across key countries, including the United States, United Kingdom, China, Japan, and South Korea. The analysis delves into the specific factors driving the demand, adoption, and sales of defense electronics in these countries.
Countries | CAGR |
---|---|
United States | 6.0% |
United Kingdom | 7.0% |
China | 6.4% |
Japan | 7.3% |
South Korea | 8.0% |
The defense electronic industry in the United States is anticipated to rise at a CAGR of 6.0% through 2034.
The defense electronic industry in the United Kingdom is projected to rise at a CAGR of 7.0% through 2034.
China’s defense electronic industry is likely to witness expansion at a CAGR of 6.4% through 2034.
Japan's defense electronic industry is projected to rise at a CAGR of 7.3% through 2034.
The defense electronic industry in South Korea is anticipated to witness expansion at a CAGR of 8.0% through 2034.
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Companies in the defense electronic industry are continuously investing in research and development to innovate and develop state-of-the-art electronic systems, including radar systems, communication equipment, and electronic warfare systems, to maintain a competitive edge. Key players are implementing aggressive market expansion strategies to broaden their global footprint and penetrate emerging markets.
With the increasing digitization of defense systems, cybersecurity has become a critical concern for governments and defense organizations. Leading companies in the defense electronic industry are investing heavily in cybersecurity solutions to protect sensitive data, networks, and communication systems from cyber threats and attacks.
The defense electronic industry is focused on building resilient supply chains to mitigate risks associated with disruptions, geopolitical tensions, and supply chain vulnerabilities. Companies are diversifying their supplier base, investing in redundancy measures, and adopting digital technologies to enhance supply chain visibility and agility.
Leading companies are investing in AI-driven solutions for intelligence analysis, autonomous vehicles, and predictive maintenance, driving innovation and efficiency in the defense sector.
Recent Developments in the Defense Electronic Industry
The defense electronic market is projected to expand at a CAGR of 5.8% between 2024 and 2034.
The navigation, communication, and display segment dominates the defense electronic industry.
The top 3 defense electronic manufacturers are Cobham Limited, Bae Systems, and Curtiss-Wright Corporation.
The defense electronic market is anticipated to surpass US$ 311.5 billion by 2034.
The integration of advanced sensor technologies is a key trend driving the demand for defense electronics.
Due to the increasing deployment of aerial platforms for surveillance and combat operations.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2019 to 2023 4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2024 to 2034 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Vertical 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Vertical, 2019 to 2023 5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Vertical, 2024 to 2034 5.3.1. Navigation, Communication, and Display 5.3.2. C4ISR 5.3.3. Electronic Warefare 5.3.4. Radars 5.3.5. Optronics 5.4. Y-o-Y Growth Trend Analysis By Vertical, 2019 to 2023 5.5. Absolute $ Opportunity Analysis By Vertical, 2024 to 2034 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Platforms 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Platforms, 2019 to 2023 6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Platforms, 2024 to 2034 6.3.1. Airborne 6.3.2. Marine 6.3.3. Land 6.3.4. Space 6.4. Y-o-Y Growth Trend Analysis By Platforms, 2019 to 2023 6.5. Absolute $ Opportunity Analysis By Platforms, 2024 to 2034 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2019 to 2023 7.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2024 to 2034 7.3.1. North America 7.3.2. Latin America 7.3.3. Western Europe 7.3.4. Eastern Europe 7.3.5. South Asia and Pacific 7.3.6. East Asia 7.3.7. Middle East and Africa 7.4. Market Attractiveness Analysis By Region 8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 8.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 8.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 8.2.1. By Country 8.2.1.1. USA 8.2.1.2. Canada 8.2.2. By Vertical 8.2.3. By Platforms 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Vertical 8.3.3. By Platforms 8.4. Key Takeaways 9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Vertical 9.2.3. By Platforms 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Vertical 9.3.3. By Platforms 9.4. Key Takeaways 10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. UK 10.2.1.3. France 10.2.1.4. Spain 10.2.1.5. Italy 10.2.1.6. Rest of Western Europe 10.2.2. By Vertical 10.2.3. By Platforms 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Vertical 10.3.3. By Platforms 10.4. Key Takeaways 11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 11.2.1. By Country 11.2.1.1. Poland 11.2.1.2. Russia 11.2.1.3. Czech Republic 11.2.1.4. Romania 11.2.1.5. Rest of Eastern Europe 11.2.2. By Vertical 11.2.3. By Platforms 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Vertical 11.3.3. By Platforms 11.4. Key Takeaways 12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 12.2.1. By Country 12.2.1.1. India 12.2.1.2. Bangladesh 12.2.1.3. Australia 12.2.1.4. New Zealand 12.2.1.5. Rest of South Asia and Pacific 12.2.2. By Vertical 12.2.3. By Platforms 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Vertical 12.3.3. By Platforms 12.4. Key Takeaways 13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 13.2.1. By Country 13.2.1.1. China 13.2.1.2. Japan 13.2.1.3. South Korea 13.2.2. By Vertical 13.2.3. By Platforms 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Vertical 13.3.3. By Platforms 13.4. Key Takeaways 14. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 14.2.1. By Country 14.2.1.1. GCC Countries 14.2.1.2. South Africa 14.2.1.3. Israel 14.2.1.4. Rest of MEA 14.2.2. By Vertical 14.2.3. By Platforms 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Vertical 14.3.3. By Platforms 14.4. Key Takeaways 15. Key Countries Market Analysis 15.1. USA 15.1.1. Pricing Analysis 15.1.2. Market Share Analysis, 2023 15.1.2.1. By Vertical 15.1.2.2. By Platforms 15.2. Canada 15.2.1. Pricing Analysis 15.2.2. Market Share Analysis, 2023 15.2.2.1. By Vertical 15.2.2.2. By Platforms 15.3. Brazil 15.3.1. Pricing Analysis 15.3.2. Market Share Analysis, 2023 15.3.2.1. By Vertical 15.3.2.2. By Platforms 15.4. Mexico 15.4.1. Pricing Analysis 15.4.2. Market Share Analysis, 2023 15.4.2.1. By Vertical 15.4.2.2. By Platforms 15.5. Germany 15.5.1. Pricing Analysis 15.5.2. Market Share Analysis, 2023 15.5.2.1. By Vertical 15.5.2.2. By Platforms 15.6. UK 15.6.1. Pricing Analysis 15.6.2. Market Share Analysis, 2023 15.6.2.1. By Vertical 15.6.2.2. By Platforms 15.7. France 15.7.1. Pricing Analysis 15.7.2. Market Share Analysis, 2023 15.7.2.1. By Vertical 15.7.2.2. By Platforms 15.8. Spain 15.8.1. Pricing Analysis 15.8.2. Market Share Analysis, 2023 15.8.2.1. By Vertical 15.8.2.2. By Platforms 15.9. Italy 15.9.1. Pricing Analysis 15.9.2. Market Share Analysis, 2023 15.9.2.1. By Vertical 15.9.2.2. By Platforms 15.10. Poland 15.10.1. Pricing Analysis 15.10.2. Market Share Analysis, 2023 15.10.2.1. By Vertical 15.10.2.2. By Platforms 15.11. Russia 15.11.1. Pricing Analysis 15.11.2. Market Share Analysis, 2023 15.11.2.1. By Vertical 15.11.2.2. By Platforms 15.12. Czech Republic 15.12.1. Pricing Analysis 15.12.2. Market Share Analysis, 2023 15.12.2.1. By Vertical 15.12.2.2. By Platforms 15.13. Romania 15.13.1. Pricing Analysis 15.13.2. Market Share Analysis, 2023 15.13.2.1. By Vertical 15.13.2.2. By Platforms 15.14. India 15.14.1. Pricing Analysis 15.14.2. Market Share Analysis, 2023 15.14.2.1. By Vertical 15.14.2.2. By Platforms 15.15. Bangladesh 15.15.1. Pricing Analysis 15.15.2. Market Share Analysis, 2023 15.15.2.1. By Vertical 15.15.2.2. By Platforms 15.16. Australia 15.16.1. Pricing Analysis 15.16.2. Market Share Analysis, 2023 15.16.2.1. By Vertical 15.16.2.2. By Platforms 15.17. New Zealand 15.17.1. Pricing Analysis 15.17.2. Market Share Analysis, 2023 15.17.2.1. By Vertical 15.17.2.2. By Platforms 15.18. China 15.18.1. Pricing Analysis 15.18.2. Market Share Analysis, 2023 15.18.2.1. By Vertical 15.18.2.2. By Platforms 15.19. Japan 15.19.1. Pricing Analysis 15.19.2. Market Share Analysis, 2023 15.19.2.1. By Vertical 15.19.2.2. By Platforms 15.20. South Korea 15.20.1. Pricing Analysis 15.20.2. Market Share Analysis, 2023 15.20.2.1. By Vertical 15.20.2.2. By Platforms 15.21. GCC Countries 15.21.1. Pricing Analysis 15.21.2. Market Share Analysis, 2023 15.21.2.1. By Vertical 15.21.2.2. By Platforms 15.22. South Africa 15.22.1. Pricing Analysis 15.22.2. Market Share Analysis, 2023 15.22.2.1. By Vertical 15.22.2.2. By Platforms 15.23. Israel 15.23.1. Pricing Analysis 15.23.2. Market Share Analysis, 2023 15.23.2.1. By Vertical 15.23.2.2. By Platforms 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By Vertical 16.3.3. By Platforms 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. Bae Systems 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Profitability by Market Segments 17.1.1.4. Sales Footprint 17.1.1.5. Strategy Overview 17.1.1.5.1. Marketing Strategy 17.1.1.5.2. Product Strategy 17.1.1.5.3. Channel Strategy 17.1.2. Cobham Limited 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Profitability by Market Segments 17.1.2.4. Sales Footprint 17.1.2.5. Strategy Overview 17.1.2.5.1. Marketing Strategy 17.1.2.5.2. Product Strategy 17.1.2.5.3. Channel Strategy 17.1.3. Curtiss-Wright Corporation 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Profitability by Market Segments 17.1.3.4. Sales Footprint 17.1.3.5. Strategy Overview 17.1.3.5.1. Marketing Strategy 17.1.3.5.2. Product Strategy 17.1.3.5.3. Channel Strategy 17.1.4. Data Patterns Ltd. 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Profitability by Market Segments 17.1.4.4. Sales Footprint 17.1.4.5. Strategy Overview 17.1.4.5.1. Marketing Strategy 17.1.4.5.2. Product Strategy 17.1.4.5.3. Channel Strategy 17.1.5. Elbit Systems Ltd. 17.1.5.1. Overview 17.1.5.2. Product Portfolio 17.1.5.3. Profitability by Market Segments 17.1.5.4. Sales Footprint 17.1.5.5. Strategy Overview 17.1.5.5.1. Marketing Strategy 17.1.5.5.2. Product Strategy 17.1.5.5.3. Channel Strategy 17.1.6. General Dynamics Corporation 17.1.6.1. Overview 17.1.6.2. Product Portfolio 17.1.6.3. Profitability by Market Segments 17.1.6.4. Sales Footprint 17.1.6.5. Strategy Overview 17.1.6.5.1. Marketing Strategy 17.1.6.5.2. Product Strategy 17.1.6.5.3. Channel Strategy 17.1.7. Honeywell International Inc. 17.1.7.1. Overview 17.1.7.2. Product Portfolio 17.1.7.3. Profitability by Market Segments 17.1.7.4. Sales Footprint 17.1.7.5. Strategy Overview 17.1.7.5.1. Marketing Strategy 17.1.7.5.2. Product Strategy 17.1.7.5.3. Channel Strategy 17.1.8. Israel Aerospace Industries 17.1.8.1. Overview 17.1.8.2. Product Portfolio 17.1.8.3. Profitability by Market Segments 17.1.8.4. Sales Footprint 17.1.8.5. Strategy Overview 17.1.8.5.1. Marketing Strategy 17.1.8.5.2. Product Strategy 17.1.8.5.3. Channel Strategy 17.1.9. L&T Defense 17.1.9.1. Overview 17.1.9.2. Product Portfolio 17.1.9.3. Profitability by Market Segments 17.1.9.4. Sales Footprint 17.1.9.5. Strategy Overview 17.1.9.5.1. Marketing Strategy 17.1.9.5.2. Product Strategy 17.1.9.5.3. Channel Strategy 17.1.10. L3Harris Technologies 17.1.10.1. Overview 17.1.10.2. Product Portfolio 17.1.10.3. Profitability by Market Segments 17.1.10.4. Sales Footprint 17.1.10.5. Strategy Overview 17.1.10.5.1. Marketing Strategy 17.1.10.5.2. Product Strategy 17.1.10.5.3. Channel Strategy 18. Assumptions & Acronyms Used 19. Research Methodology
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