Defense Electronic Market Report: Trends, Forecast and Competitive Analysis to 2030

Defense Electronic Trends and Forecast

The future of the global defense electronic market looks promising with opportunities in the navigation, communication, display, C4ISR, electronic warfare, radar, and optronics markets. The global defense electronic market is expected to grow with a CAGR of 7.8% from 2024 to 2030. The major drivers for this market are growing demand for AI and IoT devices in military operations and rising adoption of integrated defense electronic technologies.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Defense Electronic by Segment

The study includes a forecast for the global defense electronic by platform, end use, and region.

Defense Electronic Market by Platform [Shipment Analysis by Value from 2018 to 2030]:

• Airborne
• Marine
• Land
• Space

Defense Electronic Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Navigation
• Communication
• Display
• C4ISR
• Electronic Warfare
• Radar
• Optronics

Defense Electronic Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Defense Electronic Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies defense electronic companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the defense electronic companies profiled in this report include-

• Northrop Grumman
• Lockheed Martin
• Thales
• BAE Systems
• Raytheon Technologies
• General Dynamics
• L3Harris Technologies
• Honeywell International
• Rheinmetall
• SAAB

Defense Electronic Market Insights

Lucintel forecasts that space is expected to witness the highest growth over the forecast period due to growing use of defense electronics in this platform to assistance with weather monitoring, surveillance & reconnaissance, navigation, and communication, as well as for quick and secure data transfer.

Within this market, optronics is expected to witness the highest growth over the forecast period.

APAC is expected to witness highest growth over the forecast period due to rise in geopolitical tensions and security threats, growing demand for unmanned aerial vehicles, and presence of defense electronics manufacturers in the region.

Features of the Global Defense Electronic Market

Market Size Estimates: Defense electronic market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Defense electronic market size by platform, end use, and region in terms of value ($B).

Regional Analysis: Defense electronic market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different platforms, end uses, and regions for the defense electronic market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the defense electronic market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the growth forecast for defense electronic market?

Answer: The global defense electronic market is expected to grow with a CAGR of 7.8% from 2024 to 2030.

Q2. What are the major drivers influencing the growth of the defense electronic market?

Answer: The major drivers for this market are growing demand for AI and IoT devices in military operations and rising adoption of integrated defense electronic technologies.

Q3. What are the major segments for defense electronic market?

Answer: The future of the defense electronic market looks promising with opportunities in the navigation, communication, display, C4ISR, electronic warfare, radar, and optronics markets.

Q4. Who are the key defense electronic market companies?

Answer: Some of the key defense electronic companies are as follows:

• Northrop Grumman
• Lockheed Martin
• Thales
• BAE Systems
• Raytheon Technologies
• General Dynamics
• L3Harris Technologies
• Honeywell International
• Rheinmetall
• SAAB

Q5. Which defense electronic market segment will be the largest in future?

Answer: Lucintel forecasts that space is expected to witness the highest growth over the forecast period due to growing use of defense electronics in this platform to assistance with weather monitoring, surveillance & reconnaissance, navigation, and communication, as well as for quick and secure data transfer.

Q6. In defense electronic market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to rise in geopolitical tensions and security threats, growing demand for unmanned aerial vehicles, and presence of defense electronics manufacturers in the region.

Q7. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the defense electronic market by platform (airborne, marine, land, and space), end use (navigation, communication, display, C4ISR, electronic warfare, radar, and optronics), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?