The Defense Electronics Global Market Report 2023, provides comprehensive information on the defense electronics market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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In accordance with The Business Research Company’s illuminating Defense Electronics Global Market Report for the year 2023, the industry is poised for substantial growth, projecting an ascent from $208.38 billion in 2022 to an estimated $222.32 billion in 2023, reflecting a commendable compound annual growth rate (CAGR) of 6.6%. This trajectory, however, is not devoid of external influences, notably highlighted by the disruptive ramifications of the Russia-Ukraine conflict. This geopolitical strife, stemming from the complex interplay of global dynamics, has reverberated across economies, impeding the anticipated resurgence from the COVID-19 pandemic.
The repercussions of the Russia-Ukraine war have manifested in economic sanctions imposed on multiple nations, an unprecedented surge in commodity prices, and consequential supply chain disruptions. This confluence of events has precipitated inflationary pressures across diverse sectors, significantly impacting global markets. Against this backdrop, the defense electronics sector stands resilient, poised to attain a market valuation of $277.45 billion by 2027, demonstrating a noteworthy CAGR of 5.6%.
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A discernible trend in the defense electronics landscape is the emphasis on product innovation, with leading industry players proactively engaged in the development of cutting-edge technologies to fortify their market standing. An illustrative example is the laudable initiative undertaken by BAE Systems plc, a prominent UK-based aerospace entity. In March 2022, the company unveiled its groundbreaking Storm EW (Electronic Warfare) Modules, meticulously crafted to furnish defense electronics with specialized, state-of-the-art offensive and defensive electronic warfare (EW) mission systems.
The Storm EW Modules represent a paradigm shift in the landscape, harnessing a proven common core architecture to expedite the delivery of software-based EW capabilities. This strategic endeavor empowers military personnel with enhanced situational awareness, heightened survivability, and indispensable electromagnetic capabilities crucial for navigating complex missions. The scalable design of the Storm EW Modules underscores a robust hardware foundation, affording adaptability for integration across a spectrum of airborne platforms. These platforms encompass fixed- and rotary-wing aircraft, unmanned aerial vehicles, and guided missiles, collectively advancing the forefront of defense electronics innovation in the contemporary era.
The defense electronics market is segmented:
1) By Component: Hardware, Software, Services
2) By Equipment Type: C4ISR Systems, Weapon Systems, Electro-Optical and Infrared (EO/IR) Systems, Military Simulators, Radar Systems, Sonar Systems, Avionics, Electronic Warfare, Other Equipment Type
3) By Platform: Airborne, Marine, Land, Space
Top 5 Major Players:
- Raytheon Technologies Corporation
- The Boeing Company
- Lockheed Martin Corporation
- General Dynamics Corporation
- Mitsubishi Electric Corporation
North America was the largest region in the defense electronics market in 2022.
Table of contents:
1. Executive Summary
2. Defense Electronics Market Characteristics
3. Defense Electronics Market Trends And Strategies
4. Defense Electronics Market – Macro Economic Scenario
5. Global Defense Electronics Market Size and Growth
……
32. Global Defense Electronics Market Competitive Benchmarking
33. Global Defense Electronics Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Defense Electronics Market
35. Defense Electronics Market Future Outlook and Potential Analysis
36. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Defense Electronics Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Defense Electronics Market, Segmentation By Equipment Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Defense Electronics Market, Segmentation By Platform, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
….
Table 74: Raytheon Technologies Corporation Financial Performance
Table 75: The Boeing Company Financial Performance
Table 76: Lockheed Martin Corporation Financial Performance
Table 77: General Dynamics Corporation Financial Performance
Table 78: Mitsubishi Electric Corporation Financial Performance
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