The global defense electronics market is anticipated to grow at a considerable CAGR of 5.6% during the forecast period. The defense Electronics Market is the industry that provides electronic systems for military operations. The defense industry has seen several recent launches of software services and factories. For instance, in March 2023, The Marine Corps launched its own software factory to enhance its in-house software development capability, which will be co-located with the Army Software Factory in Austin, Texas. These systems include communication, surveillance, and command systems. Defense software, such as AI and data analytics, enhances the performance of these systems.
Browse the full report description of “Defense Electronics Market Size, Share & Trends Analysis Report by Component (Hardware and Software), by Vertical (Navigation, Communication & Display, C4ISR, Radar, Optronics, and Others), and by Platform (Airborne, Marine, Land, and Space) Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/defense-electronics-market
For instance, in February 2023, the Ministry of Defence is planned to equipped the Indian Army with an AI-based threat assessment software that can be linked to national databases. The software application will integrate artificial intelligence and machine learning aspects with the existing known datasets. The defense electronics market has several key players, including Lockheed Martin Corp., Northrop Grumman Corp., Raytheon Technologies Corp., Thales Group, and BAE Systems plc, which have adopted collaborations, product launches, contracts, and partnerships as key growth strategies. For instance, in August 2019, BAE Systems launched its Robotic Operations Center (ROC) to customize and deploy suites of software robots that automate high-volume, repetitive tasks in support of the US defense and intelligence communities.
Market Coverage
• The market number available for – 2023-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Communication Infrastructure
o By Spectrum Band
o By End User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Includes Lockheed Martin Corporation, Raytheon Technologies Corporation, Thales Group, BAE Systems plc, Northrop Grumman Corporation, and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Defense Electronics Report Segment
By Component
By Vertical
By Platform
Global Defense Electronics Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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