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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