Global Defense Electronics Market Size, Growth, Opportunities Analysis, And Forecast To 2028Posted by Karthik Pilla on May 2nd, 2023 Bharat Book Bureau Provides the Trending Market Research Report on “Defense Electronics Market Size, Share & Industry Growth Analysis Report by Vertical (Navigation, Communication, and Display (Avionics, Vetronics, Integrated Bridge Systems), C4ISR, Electronic Warfare, Radars, Optronics), Platform (Airborne, Marine, Land, Space) and Region - Global Growth Driver and Industry Forecast to 2028” under the Defence Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence, and Market reports. The Defense Electronics Market size is projected to grow from USD 220.3 billion in 2023 to USD 289.0 billion by 2028, at a CAGR of 5.6% during the forecast period. The market for defense electronics is driven by various factors, such as growing adoption of integrated defense electronic technologies and development of new-generation air and missile defense systems . However, high investment in defense electronics in early phases and high installation and upgradation costs of avionic products are limiting the overall growth of the market. The navigation, communication and display segment has the second largest segment of the defense electronics market by vertical in 2023. The increasing demand for avionics, integrated bridge systems and vetronics due to the increase in military deliveries is driving the growth of this segment in the defense electronics market. ” Land : The second largest segment of the defense electronics market by platform in 2023“ The airborne segment has the second largest segment of the defense electronics market by platform in 2023. Growing requirement for support systems for dismounted soldiers and increased use of unmanned ground vehicles by NATO troops and advanced militaries to boost the land segment. “Europe to account for the third largest CAGR in the defense electronics market in forecasted year” Europe is estimated to account for the third largest CAGR in the defense electronics in the forecasted year. The European region for this study comprises of Russia, UK, France, Germany, Italy and Rest of Europe. Rising investments in defense equipment and technologies by several European based companies and the rapid market expansion through advanced and upgrading programs is expected to drive this segment. Break-up of profiles of primary participants in the defense electronics market: Prominent companies in the defense electronics market are BAE systems plc (UK), Thales Group (France), Israel Aerospace Industries (Israel), Curtiss-Wright Corporation (US) and Hensoldt (Germany) among others. Research Coverage: The market study covers the defense electronics market across segments. It aims at estimating the market size and the growth potential of this market across different segments, such as platform, vertical and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies. Key benefits of buying this report: The report provides insights on the following pointers: High cost of deployment of electronic warfare systems; Inability to address threats; Increasing cyberattacks on trade secrets and defense-related data) influencing the growth of the defense electronics market Browse our full report with Table of Content: About Bharat Book Bureau: Contact us at: Like it? Share it!More by this author |