Defense electronics refers to electronic components and systems that are specifically designed for technological superiority in national defense.
The market is expected to grow further as integrated defense technologies become more widely used. Several systems and technologies are integrated to form comprehensive defense systems using integrated defense technologies. Cyber defense, automation, connectivity, and sensors are a few examples of these technologies. Integration makes it possible to share information effectively and increase defense through greater situational awareness, decision-making, and communication amongst defense systems.
Furthermore, owing to improved deployment and cost reduction, integrated defense technologies can also result in cost savings and increase efficiency. The increasing demand for flexibility and operational protection is anticipated to lead to a rise in the adoption of collision avoidance technology in the upcoming years which in turn drives the defense electronics demand.
The global defense electronics market was affected by the COVID-19 pandemic, which led to disturbances in the supply chain and production procedures. The dynamics of the market were impacted by fluctuating demand and economic uncertainty. Despite these obstacles, the market quickly rebounded due to the defense industry's increased investment in the purchase of aerial, land, and marine vehicles for its defense personnel.
Industries and key players are actively working toward enhancing transportation safety and reliability. Consequently, the commercial aviation sector has experienced significant growth. According to Boeing’s commercial market prediction for 2020-2039, there is an expansion of over 4% in airline traffic, with the Asia- Pacific region leading in growth. Projections also indicate the delivery of 43,110 new commercial airplanes across seven regions, with the highest number of deliveries expected in the Asia Pacific area. This anticipated development is projected to fuel the growth of both the sector and the jet engine market throughout the specified timeframe. Moreover, technological developments in the fields of aerodynamics, materials science, and manufacturing are propelling the development of more powerful and efficient turbofan engines. Manufacturers are investing in the development of engines that limit carbon emissions and noise levels. The growing popularity of hybrid-electric propulsion technology and sustainable aviation fuels reflects the industry's commitment to more ecologically responsible and greener air travel. Furthermore, continuing partnerships between established aerospace companies and up-and-coming firms spur continual innovation. The world of jet engines has changed, with efforts to reduce environmental impact, increase energy efficiency, and investigate alternate propulsion sources, all influencing the direction of aviation technology.
With the surge in demand for fuel-efficient engines, the industry has witnessed a spike in demand for jet engines that provide improved fuel efficiency and lower emissions as fuel prices rise and environmental concerns intensify. Technological developments in engine design such as cutting-edge jet engine designs have been introduced because of the unwavering quest for innovation. These developments include lighter materials, better functionality, and increased dependability.
The Indian government has implemented several policy-based measures over the past three and a half years to increase domestic defense production, technological advancements, and defense export capacities. The "Made in India" initiative of India revolves around the manufacture of defense equipment locally. Recent changes to the Defense Procurement Procedures, the DPP's New Strategic Partnership policy, the Offset Policy, the Simplified "Make II" initiative, the EODB initiatives, and the enhancements to the industrial license application process are all motivating both domestic and foreign players to investigate various avenues for capitalizing on the potential of Make in India. The push for domestic defense manufacturing in India presents a chance, which international defense companies can seize by applying their innovative improvisation skills.
Some of the main factors propelling market growth are the increasing reliance on communications and communication security systems, cybersecurity has become a major concern. The hardware system is propelled by the need for hardware security and strong encryption systems that protect systems from cyber threats and ensure data integrity.
The defense electronics market is segmented into vertical, platform, and region. On the basis of vertical, the market is divided into C4ISR, navigation, communication and display, electronic warfare, radar, and optronics. On the basis of platform, the market is classified into airborne, land, space and marine. Region wise, the defense electronics market trends are analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Russia, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Competitive analysis and profiles of the major global defense electronics market players that have been provided in the report include Lockhead Martin Corporation; Raytheon Technologies Corporation; Thales Group; BAE Systems; Aselsan AS; Curtis Wright Corporation; L3 Harris Technologies; Boeing, and Teledyne Defense Electronics. The key strategies adopted by the major players of the global defense electronics market are product launch, mergers, and acquisitions.
The market is expected to grow further as integrated defense technologies become more widely used. Several systems and technologies are integrated to form comprehensive defense systems using integrated defense technologies. Cyber defense, automation, connectivity, and sensors are a few examples of these technologies. Integration makes it possible to share information effectively and increase defense through greater situational awareness, decision-making, and communication amongst defense systems.
Furthermore, owing to improved deployment and cost reduction, integrated defense technologies can also result in cost savings and increase efficiency. The increasing demand for flexibility and operational protection is anticipated to lead to a rise in the adoption of collision avoidance technology in the upcoming years which in turn drives the defense electronics demand.
The global defense electronics market was affected by the COVID-19 pandemic, which led to disturbances in the supply chain and production procedures. The dynamics of the market were impacted by fluctuating demand and economic uncertainty. Despite these obstacles, the market quickly rebounded due to the defense industry's increased investment in the purchase of aerial, land, and marine vehicles for its defense personnel.
Industries and key players are actively working toward enhancing transportation safety and reliability. Consequently, the commercial aviation sector has experienced significant growth. According to Boeing’s commercial market prediction for 2020-2039, there is an expansion of over 4% in airline traffic, with the Asia- Pacific region leading in growth. Projections also indicate the delivery of 43,110 new commercial airplanes across seven regions, with the highest number of deliveries expected in the Asia Pacific area. This anticipated development is projected to fuel the growth of both the sector and the jet engine market throughout the specified timeframe. Moreover, technological developments in the fields of aerodynamics, materials science, and manufacturing are propelling the development of more powerful and efficient turbofan engines. Manufacturers are investing in the development of engines that limit carbon emissions and noise levels. The growing popularity of hybrid-electric propulsion technology and sustainable aviation fuels reflects the industry's commitment to more ecologically responsible and greener air travel. Furthermore, continuing partnerships between established aerospace companies and up-and-coming firms spur continual innovation. The world of jet engines has changed, with efforts to reduce environmental impact, increase energy efficiency, and investigate alternate propulsion sources, all influencing the direction of aviation technology.
With the surge in demand for fuel-efficient engines, the industry has witnessed a spike in demand for jet engines that provide improved fuel efficiency and lower emissions as fuel prices rise and environmental concerns intensify. Technological developments in engine design such as cutting-edge jet engine designs have been introduced because of the unwavering quest for innovation. These developments include lighter materials, better functionality, and increased dependability.
The Indian government has implemented several policy-based measures over the past three and a half years to increase domestic defense production, technological advancements, and defense export capacities. The "Made in India" initiative of India revolves around the manufacture of defense equipment locally. Recent changes to the Defense Procurement Procedures, the DPP's New Strategic Partnership policy, the Offset Policy, the Simplified "Make II" initiative, the EODB initiatives, and the enhancements to the industrial license application process are all motivating both domestic and foreign players to investigate various avenues for capitalizing on the potential of Make in India. The push for domestic defense manufacturing in India presents a chance, which international defense companies can seize by applying their innovative improvisation skills.
Some of the main factors propelling market growth are the increasing reliance on communications and communication security systems, cybersecurity has become a major concern. The hardware system is propelled by the need for hardware security and strong encryption systems that protect systems from cyber threats and ensure data integrity.
The defense electronics market is segmented into vertical, platform, and region. On the basis of vertical, the market is divided into C4ISR, navigation, communication and display, electronic warfare, radar, and optronics. On the basis of platform, the market is classified into airborne, land, space and marine. Region wise, the defense electronics market trends are analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Russia, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Competitive analysis and profiles of the major global defense electronics market players that have been provided in the report include Lockhead Martin Corporation; Raytheon Technologies Corporation; Thales Group; BAE Systems; Aselsan AS; Curtis Wright Corporation; L3 Harris Technologies; Boeing, and Teledyne Defense Electronics. The key strategies adopted by the major players of the global defense electronics market are product launch, mergers, and acquisitions.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the defense electronics market analysis from 2022 to 2032 to identify the prevailing defense electronics market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the defense electronics market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global defense electronics market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Platform
- Airborne
- Space
- Land
- Marine
By Vertical
- Optronics
- Communication and Display
- C4ISR
- Electronic Warfare
- Radar
- Navigation
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Russia
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Lockhead Martin Corporation
- North Grumman Corporation
- Raytheon Technologies Corporation
- Thales Group
- BAE Systems
- Aselsan A.S.
- Curtis Wright Corporation
- L3 Harris Technologies
- Boeing
- Teledyne Defense Electronics
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: DEFENSE ELECTRONICS MARKET, BY PLATFORM
CHAPTER 5: DEFENSE ELECTRONICS MARKET, BY VERTICAL
CHAPTER 6: DEFENSE ELECTRONICS MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Companies Mentioned
- Lockhead Martin Corporation
- North Grumman Corporation
- Raytheon Technologies Corporation
- Thales Group
- BAE Systems
- Aselsan A.S.
- Curtis Wright Corporation
- L3 Harris Technologies
- Boeing
- Teledyne Defense Electronics
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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