The Defense Electronic Market size is estimated to garner a valuation of USD 178 billion in 2024. The adoption of defense electronic is likely to rise at a CAGR of 5.8% through 2034.
Heightened geopolitical tensions and security threats drive the demand for advanced defense electronics. Countries seek to enhance their military capabilities, leading to increased investments in cutting-edge electronic warfare systems, communication devices, and surveillance equipment.
The defense electronic industry is projected to reach USD 311.5 billion by 2034. Many countries are undertaking military modernization initiatives to upgrade their defense capabilities with state-of-the-art electronic systems.
This includes the procurement of advanced radar systems, missile defense systems, unmanned aerial vehicles (UAVs), and electronic countermeasure (ECM) systems.
Demand Analysis of the Defense Electronic
Attributes | Details |
---|---|
Defense Electronic Market Value for 2024 | USD 178 billion |
Defense Electronic Market Value for 2034 | USD 311.5 billion |
Defense Electronic Market Forecast CAGR for 2024 to 2034 | 5.8% |
Historical CAGR | 7.5% |
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Forecast CAGR | 5.8% |
The historical performance of the defense electronic market has been characterized by a steady CAGR of 7.5%, reflecting strong demand for advanced electronic systems and equipment in the defense sector. However, the forecasted CAGR of 5.8% indicates a slight decrease in growth rate compared to previous years.
Shift Towards Digitization and Network-Centric Warfare
Defense electronics are evolving towards digitization and network-centric warfare paradigms, where interconnected systems facilitate real-time data sharing and decision-making on the battlefield.
This trend drives the adoption of advanced sensors, communication systems, and command-and-control technologies to enhance situational awareness and operational effectiveness.
Increased Emphasis on Cybersecurity
With the growing threat of cyberattacks, there is a heightened focus on cybersecurity measures within defense electronic systems. This includes the integration of robust encryption algorithms, intrusion detection systems, and secure communication protocols to safeguard sensitive data and prevent unauthorized access to military networks and assets.
Demand for Autonomous and Unmanned Systems
The demand for autonomous and unmanned systems in defense operations is driving innovation in defense electronics. These systems leverage technologies such as artificial intelligence, machine learning, and autonomous navigation to perform various tasks autonomously, ranging from surveillance and reconnaissance to logistics and combat missions.
Integration of Multi-Domain Capabilities
Modern defense electronic systems are designed to operate across multiple domains, including land, sea, air, space, and cyberspace. This integration of multi-domain capabilities enables seamless coordination and interoperability among different branches of the military, enhancing overall operational efficiency and mission success.
This section provides detailed insights into specific categories in the defense electronic industry. The navigation, communication, and display vertical segment emerge as a top contender, witnessing sustained growth at a slightly decreased rate.
Similarly, the airborne platform segment shows promising growth prospects, indicating a rise in demand for defense electronic systems in aerial applications.
Top Vertical | Navigation, Communication, and Display |
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CAGR % 2019 to 2023 | 7.3% |
CAGR % 2024 to 2034 | 5.6% |
The navigation, communication, and display segment is anticipated to record a rise in demand with a CAGR of 5.6% through 2034.
Top Platforms | Airborne |
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CAGR % 2019 to 2023 | 7.1% |
CAGR % 2024 to 2034 | 5.4% |
The airborne segment to register a steady CAGR of 5.4% through 2034.
The section analyzes the defense electronic market across key countries, including the United States, United Kingdom, China, Japan, and South Korea. The analysis delves into the specific factors driving the demand, adoption, and sales of defense electronics in these countries.
Countries | CAGR |
---|---|
United States | 6.0% |
United Kingdom | 7.0% |
China | 6.4% |
Japan | 7.3% |
South Korea | 8.0% |
The defense electronic industry in the United States is anticipated to rise at a CAGR of 6.0% through 2034.
The defense electronic industry in the United Kingdom is projected to rise at a CAGR of 7.0% through 2034.
China’s defense electronic industry is likely to witness expansion at a CAGR of 6.4% through 2034.
Japan's defense electronic industry is projected to rise at a CAGR of 7.3% through 2034.
The defense electronic industry in South Korea is anticipated to witness expansion at a CAGR of 8.0% through 2034.
Companies in the defense electronic industry are continuously investing in research and development to innovate and develop state-of-the-art electronic systems, including radar systems, communication equipment, and electronic warfare systems, to maintain a competitive edge.
Key players are implementing aggressive market expansion strategies to broaden their global footprint and penetrate emerging markets.
With the increasing digitization of defense systems, cybersecurity has become a critical concern for governments and defense organizations. Leading companies in the defense electronic industry are investing heavily in cybersecurity solutions to protect sensitive data, networks, and communication systems from cyber threats and attacks.
The defense electronic industry is focused on building resilient supply chains to mitigate risks associated with disruptions, geopolitical tensions, and supply chain vulnerabilities. Companies are diversifying their supplier base, investing in redundancy measures, and adopting digital technologies to enhance supply chain visibility and agility.
Leading companies are investing in AI-driven solutions for intelligence analysis, autonomous vehicles, and predictive maintenance, driving innovation and efficiency in the defense sector.
Recent Developments in the Defense Electronic Industry
Table 1: Global Market Value (US$ Million) Forecast by Region, 2019 to 2034
Table 2: Global Market Volume (Units) Forecast by Region, 2019 to 2034
Table 3: Global Market Value (US$ Million) Forecast by Vertical, 2019 to 2034
Table 4: Global Market Volume (Units) Forecast by Vertical, 2019 to 2034
Table 5: Global Market Value (US$ Million) Forecast by Platforms, 2019 to 2034
Table 6: Global Market Volume (Units) Forecast by Platforms, 2019 to 2034
Table 7: North America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 8: North America Market Volume (Units) Forecast by Country, 2019 to 2034
Table 9: North America Market Value (US$ Million) Forecast by Vertical, 2019 to 2034
Table 10: North America Market Volume (Units) Forecast by Vertical, 2019 to 2034
Table 11: North America Market Value (US$ Million) Forecast by Platforms, 2019 to 2034
Table 12: North America Market Volume (Units) Forecast by Platforms, 2019 to 2034
Table 13: Latin America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 14: Latin America Market Volume (Units) Forecast by Country, 2019 to 2034
Table 15: Latin America Market Value (US$ Million) Forecast by Vertical, 2019 to 2034
Table 16: Latin America Market Volume (Units) Forecast by Vertical, 2019 to 2034
Table 17: Latin America Market Value (US$ Million) Forecast by Platforms, 2019 to 2034
Table 18: Latin America Market Volume (Units) Forecast by Platforms, 2019 to 2034
Table 19: Western Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 20: Western Europe Market Volume (Units) Forecast by Country, 2019 to 2034
Table 21: Western Europe Market Value (US$ Million) Forecast by Vertical, 2019 to 2034
Table 22: Western Europe Market Volume (Units) Forecast by Vertical, 2019 to 2034
Table 23: Western Europe Market Value (US$ Million) Forecast by Platforms, 2019 to 2034
Table 24: Western Europe Market Volume (Units) Forecast by Platforms, 2019 to 2034
Table 25: Eastern Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 26: Eastern Europe Market Volume (Units) Forecast by Country, 2019 to 2034
Table 27: Eastern Europe Market Value (US$ Million) Forecast by Vertical, 2019 to 2034
Table 28: Eastern Europe Market Volume (Units) Forecast by Vertical, 2019 to 2034
Table 29: Eastern Europe Market Value (US$ Million) Forecast by Platforms, 2019 to 2034
Table 30: Eastern Europe Market Volume (Units) Forecast by Platforms, 2019 to 2034
Table 31: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 32: South Asia and Pacific Market Volume (Units) Forecast by Country, 2019 to 2034
Table 33: South Asia and Pacific Market Value (US$ Million) Forecast by Vertical, 2019 to 2034
Table 34: South Asia and Pacific Market Volume (Units) Forecast by Vertical, 2019 to 2034
Table 35: South Asia and Pacific Market Value (US$ Million) Forecast by Platforms, 2019 to 2034
Table 36: South Asia and Pacific Market Volume (Units) Forecast by Platforms, 2019 to 2034
Table 37: East Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 38: East Asia Market Volume (Units) Forecast by Country, 2019 to 2034
Table 39: East Asia Market Value (US$ Million) Forecast by Vertical, 2019 to 2034
Table 40: East Asia Market Volume (Units) Forecast by Vertical, 2019 to 2034
Table 41: East Asia Market Value (US$ Million) Forecast by Platforms, 2019 to 2034
Table 42: East Asia Market Volume (Units) Forecast by Platforms, 2019 to 2034
Table 43: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 44: Middle East and Africa Market Volume (Units) Forecast by Country, 2019 to 2034
Table 45: Middle East and Africa Market Value (US$ Million) Forecast by Vertical, 2019 to 2034
Table 46: Middle East and Africa Market Volume (Units) Forecast by Vertical, 2019 to 2034
Table 47: Middle East and Africa Market Value (US$ Million) Forecast by Platforms, 2019 to 2034
Table 48: Middle East and Africa Market Volume (Units) Forecast by Platforms, 2019 to 2034
Figure 1: Global Market Value (US$ Million) by Vertical, 2024 to 2034
Figure 2: Global Market Value (US$ Million) by Platforms, 2024 to 2034
Figure 3: Global Market Value (US$ Million) by Region, 2024 to 2034
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2019 to 2034
Figure 5: Global Market Volume (Units) Analysis by Region, 2019 to 2034
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034
Figure 8: Global Market Value (US$ Million) Analysis by Vertical, 2019 to 2034
Figure 9: Global Market Volume (Units) Analysis by Vertical, 2019 to 2034
Figure 10: Global Market Value Share (%) and BPS Analysis by Vertical, 2024 to 2034
Figure 11: Global Market Y-o-Y Growth (%) Projections by Vertical, 2024 to 2034
Figure 12: Global Market Value (US$ Million) Analysis by Platforms, 2019 to 2034
Figure 13: Global Market Volume (Units) Analysis by Platforms, 2019 to 2034
Figure 14: Global Market Value Share (%) and BPS Analysis by Platforms, 2024 to 2034
Figure 15: Global Market Y-o-Y Growth (%) Projections by Platforms, 2024 to 2034
Figure 16: Global Market Attractiveness by Vertical, 2024 to 2034
Figure 17: Global Market Attractiveness by Platforms, 2024 to 2034
Figure 18: Global Market Attractiveness by Region, 2024 to 2034
Figure 19: North America Market Value (US$ Million) by Vertical, 2024 to 2034
Figure 20: North America Market Value (US$ Million) by Platforms, 2024 to 2034
Figure 21: North America Market Value (US$ Million) by Country, 2024 to 2034
Figure 22: North America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 23: North America Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 26: North America Market Value (US$ Million) Analysis by Vertical, 2019 to 2034
Figure 27: North America Market Volume (Units) Analysis by Vertical, 2019 to 2034
Figure 28: North America Market Value Share (%) and BPS Analysis by Vertical, 2024 to 2034
Figure 29: North America Market Y-o-Y Growth (%) Projections by Vertical, 2024 to 2034
Figure 30: North America Market Value (US$ Million) Analysis by Platforms, 2019 to 2034
Figure 31: North America Market Volume (Units) Analysis by Platforms, 2019 to 2034
Figure 32: North America Market Value Share (%) and BPS Analysis by Platforms, 2024 to 2034
Figure 33: North America Market Y-o-Y Growth (%) Projections by Platforms, 2024 to 2034
Figure 34: North America Market Attractiveness by Vertical, 2024 to 2034
Figure 35: North America Market Attractiveness by Platforms, 2024 to 2034
Figure 36: North America Market Attractiveness by Country, 2024 to 2034
Figure 37: Latin America Market Value (US$ Million) by Vertical, 2024 to 2034
Figure 38: Latin America Market Value (US$ Million) by Platforms, 2024 to 2034
Figure 39: Latin America Market Value (US$ Million) by Country, 2024 to 2034
Figure 40: Latin America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 41: Latin America Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 44: Latin America Market Value (US$ Million) Analysis by Vertical, 2019 to 2034
Figure 45: Latin America Market Volume (Units) Analysis by Vertical, 2019 to 2034
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Vertical, 2024 to 2034
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Vertical, 2024 to 2034
Figure 48: Latin America Market Value (US$ Million) Analysis by Platforms, 2019 to 2034
Figure 49: Latin America Market Volume (Units) Analysis by Platforms, 2019 to 2034
Figure 50: Latin America Market Value Share (%) and BPS Analysis by Platforms, 2024 to 2034
Figure 51: Latin America Market Y-o-Y Growth (%) Projections by Platforms, 2024 to 2034
Figure 52: Latin America Market Attractiveness by Vertical, 2024 to 2034
Figure 53: Latin America Market Attractiveness by Platforms, 2024 to 2034
Figure 54: Latin America Market Attractiveness by Country, 2024 to 2034
Figure 55: Western Europe Market Value (US$ Million) by Vertical, 2024 to 2034
Figure 56: Western Europe Market Value (US$ Million) by Platforms, 2024 to 2034
Figure 57: Western Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 58: Western Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 59: Western Europe Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 60: Western Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 61: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 62: Western Europe Market Value (US$ Million) Analysis by Vertical, 2019 to 2034
Figure 63: Western Europe Market Volume (Units) Analysis by Vertical, 2019 to 2034
Figure 64: Western Europe Market Value Share (%) and BPS Analysis by Vertical, 2024 to 2034
Figure 65: Western Europe Market Y-o-Y Growth (%) Projections by Vertical, 2024 to 2034
Figure 66: Western Europe Market Value (US$ Million) Analysis by Platforms, 2019 to 2034
Figure 67: Western Europe Market Volume (Units) Analysis by Platforms, 2019 to 2034
Figure 68: Western Europe Market Value Share (%) and BPS Analysis by Platforms, 2024 to 2034
Figure 69: Western Europe Market Y-o-Y Growth (%) Projections by Platforms, 2024 to 2034
Figure 70: Western Europe Market Attractiveness by Vertical, 2024 to 2034
Figure 71: Western Europe Market Attractiveness by Platforms, 2024 to 2034
Figure 72: Western Europe Market Attractiveness by Country, 2024 to 2034
Figure 73: Eastern Europe Market Value (US$ Million) by Vertical, 2024 to 2034
Figure 74: Eastern Europe Market Value (US$ Million) by Platforms, 2024 to 2034
Figure 75: Eastern Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 76: Eastern Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 77: Eastern Europe Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 78: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 79: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 80: Eastern Europe Market Value (US$ Million) Analysis by Vertical, 2019 to 2034
Figure 81: Eastern Europe Market Volume (Units) Analysis by Vertical, 2019 to 2034
Figure 82: Eastern Europe Market Value Share (%) and BPS Analysis by Vertical, 2024 to 2034
Figure 83: Eastern Europe Market Y-o-Y Growth (%) Projections by Vertical, 2024 to 2034
Figure 84: Eastern Europe Market Value (US$ Million) Analysis by Platforms, 2019 to 2034
Figure 85: Eastern Europe Market Volume (Units) Analysis by Platforms, 2019 to 2034
Figure 86: Eastern Europe Market Value Share (%) and BPS Analysis by Platforms, 2024 to 2034
Figure 87: Eastern Europe Market Y-o-Y Growth (%) Projections by Platforms, 2024 to 2034
Figure 88: Eastern Europe Market Attractiveness by Vertical, 2024 to 2034
Figure 89: Eastern Europe Market Attractiveness by Platforms, 2024 to 2034
Figure 90: Eastern Europe Market Attractiveness by Country, 2024 to 2034
Figure 91: South Asia and Pacific Market Value (US$ Million) by Vertical, 2024 to 2034
Figure 92: South Asia and Pacific Market Value (US$ Million) by Platforms, 2024 to 2034
Figure 93: South Asia and Pacific Market Value (US$ Million) by Country, 2024 to 2034
Figure 94: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 95: South Asia and Pacific Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 96: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 97: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 98: South Asia and Pacific Market Value (US$ Million) Analysis by Vertical, 2019 to 2034
Figure 99: South Asia and Pacific Market Volume (Units) Analysis by Vertical, 2019 to 2034
Figure 100: South Asia and Pacific Market Value Share (%) and BPS Analysis by Vertical, 2024 to 2034
Figure 101: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Vertical, 2024 to 2034
Figure 102: South Asia and Pacific Market Value (US$ Million) Analysis by Platforms, 2019 to 2034
Figure 103: South Asia and Pacific Market Volume (Units) Analysis by Platforms, 2019 to 2034
Figure 104: South Asia and Pacific Market Value Share (%) and BPS Analysis by Platforms, 2024 to 2034
Figure 105: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Platforms, 2024 to 2034
Figure 106: South Asia and Pacific Market Attractiveness by Vertical, 2024 to 2034
Figure 107: South Asia and Pacific Market Attractiveness by Platforms, 2024 to 2034
Figure 108: South Asia and Pacific Market Attractiveness by Country, 2024 to 2034
Figure 109: East Asia Market Value (US$ Million) by Vertical, 2024 to 2034
Figure 110: East Asia Market Value (US$ Million) by Platforms, 2024 to 2034
Figure 111: East Asia Market Value (US$ Million) by Country, 2024 to 2034
Figure 112: East Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 113: East Asia Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 114: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 115: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 116: East Asia Market Value (US$ Million) Analysis by Vertical, 2019 to 2034
Figure 117: East Asia Market Volume (Units) Analysis by Vertical, 2019 to 2034
Figure 118: East Asia Market Value Share (%) and BPS Analysis by Vertical, 2024 to 2034
Figure 119: East Asia Market Y-o-Y Growth (%) Projections by Vertical, 2024 to 2034
Figure 120: East Asia Market Value (US$ Million) Analysis by Platforms, 2019 to 2034
Figure 121: East Asia Market Volume (Units) Analysis by Platforms, 2019 to 2034
Figure 122: East Asia Market Value Share (%) and BPS Analysis by Platforms, 2024 to 2034
Figure 123: East Asia Market Y-o-Y Growth (%) Projections by Platforms, 2024 to 2034
Figure 124: East Asia Market Attractiveness by Vertical, 2024 to 2034
Figure 125: East Asia Market Attractiveness by Platforms, 2024 to 2034
Figure 126: East Asia Market Attractiveness by Country, 2024 to 2034
Figure 127: Middle East and Africa Market Value (US$ Million) by Vertical, 2024 to 2034
Figure 128: Middle East and Africa Market Value (US$ Million) by Platforms, 2024 to 2034
Figure 129: Middle East and Africa Market Value (US$ Million) by Country, 2024 to 2034
Figure 130: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 131: Middle East and Africa Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 132: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 133: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 134: Middle East and Africa Market Value (US$ Million) Analysis by Vertical, 2019 to 2034
Figure 135: Middle East and Africa Market Volume (Units) Analysis by Vertical, 2019 to 2034
Figure 136: Middle East and Africa Market Value Share (%) and BPS Analysis by Vertical, 2024 to 2034
Figure 137: Middle East and Africa Market Y-o-Y Growth (%) Projections by Vertical, 2024 to 2034
Figure 138: Middle East and Africa Market Value (US$ Million) Analysis by Platforms, 2019 to 2034
Figure 139: Middle East and Africa Market Volume (Units) Analysis by Platforms, 2019 to 2034
Figure 140: Middle East and Africa Market Value Share (%) and BPS Analysis by Platforms, 2024 to 2034
Figure 141: Middle East and Africa Market Y-o-Y Growth (%) Projections by Platforms, 2024 to 2034
Figure 142: Middle East and Africa Market Attractiveness by Vertical, 2024 to 2034
Figure 143: Middle East and Africa Market Attractiveness by Platforms, 2024 to 2034
Figure 144: Middle East and Africa Market Attractiveness by Country, 2024 to 2034
The defense electronic market is projected to expand at a CAGR of 5.8% between 2024 and 2034.
The navigation, communication, and display segment dominates the defense electronic industry.
The top 3 defense electronic manufacturers are Cobham Limited, Bae Systems, and Curtiss-Wright Corporation.
The defense electronic market is anticipated to surpass USD 311.5 billion by 2034.
The integration of advanced sensor technologies is a key trend driving the demand for defense electronics.
Due to the increasing deployment of aerial platforms for surveillance and combat operations.
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