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Defense Electronics Market Share

Report ID: GMI5743
Published Date: Dec 2024
Report Format: PDF

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Defense Electronics Market Share

Lockheed Martin Corporation, Raytheon Technologies Corporation, and BAE Systems PLC are pivotal players in the global defense electronics arena. Lockheed Martin hones in on sophisticated domains like electronic warfare, missile defense, and secure communications. Meanwhile, Raytheon champions state-of-the-art radar systems, cyber-resilient electronics, and technologies rooted in space. BAE Systems, on the other hand, prioritizes breakthroughs in avionics, intelligence systems, and electronic countermeasures. Collectively, these industry giants spearhead innovations in high-performance solutions, adeptly responding to the ever-evolving demands of military and security landscapes.

Defense Electronics Market Companies

Major players operating in the Defense electronics industry are:

Aselsan AS
BAE Systems PLC
Bharat Electronics Limited
Curtiss-Wright Corporation
Elbit Systems Ltd.
General Dynamics Corporation
Hensoldt
Honeywell International Inc.
Indra Sistemas, SA
Israel Aerospace Industries (IAI)
L3Harris Technologies, Inc.
Leonardo SpA
Lockheed Martin Corporation
Northrop Grumman Corporation
Raytheon Technologies Corporation
Rheinmetall AG
Saab AB
Safran SA
Thales Group

Authors: Suraj Gujar, Partha Paul

Frequently Asked Questions (FAQ) :

The global market size for defense electronics was valued at USD 175.2 billion in 2024 and is projected to reach USD 302.8 billion by 2034, driven by a CAGR of 5.8% during the forecast period, supported by rising military budgets and modernization initiatives.

The land segment held the largest market share of 38.4% in 2024, driven by the demand for advanced systems in military vehicles, command centers, and defense infrastructure.

The North America market is expected to exceed USD 125 billion by 2034, driven by significant government investments and advancements in AI-powered systems and cyber-resilient platforms.

Key players in the industry include Aselsan AS, BAE Systems PLC, Bharat Electronics Limited, Curtiss-Wright Corporation, Elbit Systems Ltd., General Dynamics Corporation, Hensoldt, Honeywell International Inc., Raytheon Technologies Corporation, Rheinmetall AG, Saab AB, Safran SA, and Thales Group.