The global defence electronics obsolescence market is projected to grow at a CAGR of more than 7.5% by 2034
The Defence Electronics Obsolescence Market Report 2024-2034: This report will prove invaluable to leading firms striving for new revenue pockets if they wish to better understand the industry and its underlying dynamics. It will be useful for companies that would like to expand into different industries or to expand their existing operations in a new region.
North America Dominated the Market
Over the projected period, the North American region is estimated to continue to dominate the global market. Because of its strong industrial foundation, cutting-edge technology, and large defence budget, top North American businesses are creating complex obsolescence management plans that are suited to the particular needs of different platforms, such as aerial, aquatic, and terrestrial systems. These companies enable the military to maintain its operational readiness and technology lead by leading efforts to manage obsolescence. They accomplish this by carefully allocating funds for innovation, teamwork, and research and development (R&D). For the sake of maintaining stability in an increasingly complex geopolitical environment and defending national security interests, North America must continue to dominate the defence electronics obsolescence industry.
Land Platform Segment to Offer New Avenues
The defence electronics obsolescence market forecast period is expected to witness a noteworthy compound annual growth rate (CAGR) for the land segment. Obsolescence management is becoming more and more necessary in land-based defence systems including command and control centres, artillery systems, and armoured vehicles because of their growing complexity and reliance on electronics. These systems combine a variety of electronic parts and systems, such as computing devices, communication systems, sensors, and systems that are prone to obsolescence. Further driving this demand is the land segment's increasing need for modernisation and upgrade projects due to shifting security threats, changing mission objectives, and the desire for interoperability with allied forces. These modernisation initiatives frequently involve the integration of new electronic systems and technologies, which may cause problems with the obsolescence of older systems.
What Questions Should You Ask before Buying a Market Research Report?
- How is the Defence electronics obsolescence market evolving?
- What is driving and restraining the Defence electronics obsolescence market?
- How will each Defence electronics obsolescence submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2034?
- How will the market shares for each Defence electronics obsolescence submarket develop from 2024 to 2034?
- What will be the main driver for the overall market from 2024 to 2034?
- Will leading Defence electronics obsolescence markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
- How will the market shares of the national markets change by 2034 and which geographical region will lead the market in 2034?
- Who are the leading players and what are their prospects over the forecast period?
- What are the Defence electronics obsolescence projects for these leading companies?
- How will the industry evolve during the period between 2024 and 2034? What are the implications of Defence electronics obsolescence projects taking place now and over the next 10 years?
- Is there a greater need for product commercialisation to further scale the Defence electronics obsolescence market?
- Where is the Defence electronics obsolescence market heading and how can you ensure you are at the forefront of the market?
- What are the best investment options for new product and service lines?
- What are the key prospects for moving companies into a new growth path and C-suite?
You need to discover how this will impact the Defence electronics obsolescence market today, and over the next 10 years:
- Our 250-page report provides 100 tables and 119 charts/graphs exclusively to you.
- The report highlights key lucrative areas in the industry so you can target them NOW.
- It contains in-depth analysis of global, regional and national sales and growth.
- It highlights for you the key successful trends, changes and revenue projections made by your competitors.
- Forecasts to 2034 and other analyses reveal commercial prospects
- In addition to revenue forecasting to 2034, our new study provides you with recent results, growth rates, and market shares.
- You will find original analyses, with business outlooks and developments.
- Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints and challenges), porter's five forces model, and recent developments.
Segments Covered in the Report
- System
- Communication System
- Navigation System
- Human Machine Interface
- Flight Control System
- Targeting System
- Electronic Warfare System
- Sensors
- Platform
- Land
- Naval
- Airborne
- Type
- Logistics Obsolescence
- Functional Obsolescence
- Technology Obsolescence
In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for five regional and 19 leading national markets:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- MEA
- GCC
- South Africa
- Rest of MEA
The report also includes profiles and for some of the leading companies in the Defence Electronics Obsolescence Market, 2024 to 2034, with a focus on this segment of these companies窶*operations.
- Leading companies profiled in the report
- Actia Group
- BAE Systems
- Altium
- Raytheon Technologies Corporation
- Elbit Systems Ltd.
- Like Technologies
- Assel Poland
- Whistler Technology
- Hexagon AB
- L3Harris Technologies, Inc.
- Leonardo S.P.A
- Lockheed Martin Corporation
- Northrop Grumman
- Thales Group
Overall world revenue for Defence Electronics Obsolescence Market, 2024 to 2034 in terms of value the market will surpass US$2.8 billion in 2024, our work calculates. We predict strong revenue growth through to 2034. Our work identifies which organizations hold the greatest potential. Discover their capabilities, progress, and commercial prospects, helping you stay ahead.
- How will the Defence Electronics Obsolescence Market, 2024 to 2034 report help you?
- In summary, our 250+ page report provides you with the following knowledge:
- Revenue forecasts to 2034 for Defence Electronics Obsolescence Market, 2024 to 2034 Market, with forecasts for system, type, and platform each forecast at a global and regional level - discover the industry's prospects, finding the most lucrative places for investments and revenues.
- Revenue forecasts to 2034 for five regional and 15 key national markets - See forecasts for the Defence Electronics Obsolescence Market, 2024 to 2034 market in North America, Europe, Asia-Pacific, Latin America, and MEA. Also forecasted is the market in the US, Canada, Mexico, Brazil, Germany, France, UK, Italy, China, India, Japan, and Australia among other prominent economies.
- Prospects for established firms and those seeking to enter the market - including company profiles for 14 of the major companies involved in the Defence Electronics Obsolescence Market, 2024 to 2034.
- Find quantitative and qualitative analyses with independent predictions. Receive information that only our report contains, staying informed with invaluable business intelligence.
- Information found nowhere else
- With our new report, you are less likely to fall behind in knowledge or miss out on opportunities. See how our work could benefit your research, analyses, and decisions. Visiongain's study is for everybody needing commercial analyses for the Defence Electronics Obsolescence Market, 2024 to 2034, market-leading companies. You will find data, trends and predictions.