Global Defense Electronics Market Size Study, by Platform (Airborne, Space, Land, Marine) by Vertical (Optronics, Communication and Display, C4ISR, Electronic Warfare, Radar, Navigation) and Regional Forecasts 2022-2032

Description

The Global Defense Electronics Market is valued approximately at USD 159.02 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 5.87% over the forecast period 2024-2032. Defense electronics encompass a broad range of electronic systems, tools, and technologies developed for military and national defense purposes. These technologies provide essential functions such as surveillance, communication, navigation, reconnaissance, and countermeasure systems, enhancing the strategic and tactical capabilities of modern military operations. The resurgence in air travel and ongoing aircraft modernization contracts across commercial and military sectors are further bolstering market growth. Increased R&D efforts aimed at improving fuel efficiency and reducing carbon footprints in aviation also contribute to the market's growth during the forecast period 2024-2032.

The surge in adoption of electronic warfare (EW) technologies and counter-unmanned aerial systems (UAS) is a pivotal driver of market growth. With responsibilities assigned to unmanned systems increasing, the demand for EW technologies to counter these systems has also escalated. Additionally, significant military spending by countries such as China and India propels the development and acquisition of advanced electronic warfare equipment. For instance, China increased its military budget to USD 293 billion in 2021, reflecting the growing emphasis on EW capabilities. Moreover, the need for electronic warfare systems has grown due to heightened military spending and the quest for technological superiority. The advancement of space-based C4ISR capabilities is critical for global armed forces, driven by investments in small satellites that offer cost-effective and scalable operations. However, compliance with stringent regulations and export controls poses significant challenges for defense electronics manufacturers, potentially hindering market expansion.

The key regions considered for the global defense electronics market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. In 2023, Asia-Pacific is expected to dominate the market and projected to grow at significant rate during the forecast period 2024-2032, driven by increasing military expenditures and the integration of advanced technologies across various defense platforms. Rapid economic growth and increasing defense budgets in countries such as China, India, Japan, and South Korea are significant contributors. These nations are investing heavily in modernizing their military capabilities, focusing on advanced electronics for communication, surveillance, and combat systems. The regional geopolitical tensions and security challenges also propel the demand for innovative defense electronics. Furthermore, the presence of a robust manufacturing base, coupled with advancements in technology and innovation, supports the production of sophisticated defense electronics systems. The Asia-Pacific region is also seeing significant collaborations and partnerships between domestic companies and global defense electronics firms, enhancing the technological capabilities and market reach. As a result, the Asia-Pacific is expected to lead the global defense electronics market, driven by strong economic growth, substantial defense investments, and a focus on technological advancement.

Major market players included in this report are:

Lockheed Martin Corporation
Northrop Grumman Corporation
Raytheon Technologies Corporation
Thales Group
BAE Systems
Aselsan AS
Curtis-Wright Corporation
L3Harris Technologies
Boeing
Teledyne Defense Electronics

The detailed segments and sub-segment of the market are explained below:

By Platform:

Airborne
Space
Land
Marine

By Vertical:

Optronics
Communication and Display
C4ISR
Electronic Warfare
Radar
Navigation

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Russia
Italy
Spain
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Defense Electronics Market Executive Summary

1.1. Global Defense Electronics Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Platform
- 1.3.2. By Vertical
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Defense Electronics Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Defense Electronics Market Dynamics

3.1. Market Drivers
- 3.1.1. Surge in Adoption of Electronic Warfare Technologies
- 3.1.2. Rise in Need for Electronic Warfare Systems
- 3.1.3. Growth in Inflight Passengers
3.2. Market Challenges
- 3.2.1. Stringent Regulatory Compliance and Export Controls
3.3. Market Opportunities
- 3.3.1. Technological Advancements in C4ISR Capabilities
- 3.3.2. Increasing Integration of AI and IoT in Military Operations
- 3.3.3. Expansion of Defense Infrastructure Development

Chapter 4. Global Defense Electronics Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Defense Electronics Market Size & Forecasts by Platform 2022-2032

5.1. Segment Dashboard
5.2. Global Defense Electronics Market: Platform Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Airborne
- 5.2.2. Space
- 5.2.3. Land
- 5.2.4. Marine

Chapter 6. Global Defense Electronics Market Size & Forecasts by Vertical 2022-2032

6.1. Segment Dashboard
6.2. Global Defense Electronics Market: Vertical Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Optronics
- 6.2.2. Communication and Display
- 6.2.3. C4ISR
- 6.2.4. Electronic Warfare
- 6.2.5. Radar
- 6.2.6. Navigation

Chapter 7. Global Defense Electronics Market Size & Forecasts by Region 2022-2032

7.1. North America Defense Electronics Market
- 7.1.1. U.S. Defense Electronics Market
  - 7.1.1.1. Platform breakdown size & forecasts, 2022-2032
  - 7.1.1.2. Vertical breakdown size & forecasts, 2022-2032
- 7.1.2. Canada Defense Electronics Market
  - 7.1.2.1. Platform breakdown size & forecasts, 2022-2032
  - 7.1.2.2. Vertical breakdown size & forecasts, 2022-2032
7.2. Europe Defense Electronics Market
- 7.2.1. UK Defense Electronics Market
- 7.2.2. Germany Defense Electronics Market
- 7.2.3. France Defense Electronics Market
- 7.2.4. Russia Defense Electronics Market
- 7.2.5. Italy Defense Electronics Market
- 7.2.6. Spain Defense Electronics Market
- 7.2.7. Rest of Europe Defense Electronics Market
7.3. Asia-Pacific Defense Electronics Market
- 7.3.1. China Defense Electronics Market
- 7.3.2. India Defense Electronics Market
- 7.3.3. Japan Defense Electronics Market
- 7.3.4. Australia Defense Electronics Market
- 7.3.5. South Korea Defense Electronics Market
- 7.3.6. Rest of Asia Pacific Defense Electronics Market
7.4. Latin America Defense Electronics Market
- 7.4.1. Brazil Defense Electronics Market
- 7.4.2. Mexico Defense Electronics Market
- 7.4.3. Rest of Latin America Defense Electronics Market
7.5. Middle East & Africa Defense Electronics Market
- 7.5.1. Saudi Arabia Defense Electronics Market
- 7.5.2. South Africa Defense Electronics Market
- 7.5.3. Rest of Middle East & Africa Defense Electronics Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. Lockheed Martin Corporation
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. Northrop Grumman Corporation
- 8.3.3. Raytheon Technologies Corporation
- 8.3.4. Thales Group
- 8.3.5. BAE Systems
- 8.3.6. Aselsan AS
- 8.3.7. Curtis-Wright Corporation
- 8.3.8. L3 Harris Technologies
- 8.3.9. Boeing
- 8.3.10. Teledyne Defense Electronics

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes