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Defense Electronics Market Trends

Report ID: GMI5743
Published Date: May 2023
Report Format: PDF

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Defense Electronics Market Trends

The growing adoption of integrated defense technologies is likely to augment market growth. Integrated defense technologies encompass the integration of multiple systems & technologies to create comprehensive defense systems. These technologies can include sensors, communications, automation, and cyber defense. Integration enables effective information sharing and communication between defense systems, resulting in situational awareness, better decision-making, and improved defense. Integrated defense technologies can also deliver cost savings and enhance efficiency by reducing costs and improving deployment. The use of collision avoidance technology is expected to increase in the coming years as the need for flexibility and operational protection grow

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

The market size of defense electronics was worth over USD 230 billion in 2022 and will showcase more than 5% CAGR from 2023 to 2032 due to the increasing reliance on the protection of information & communication technologies.

The hardware component segment will record over 5.5% CAGR from 2023 to 2032 owing to the rising development and operation of electrical defense.

North America defense electronics market size surpassed USD 95 billion in 2022 and will expand significantly through 2032 owing to the growing military spending in the region.

Airbus Defence and Space, BAE Systems plc, Bharat Electronics Limited, Boeing Defense, Space & Security, Elbit Systems Ltd., General Dynamics Corporation, and Harris Corporation are some of the major defense electronic firms.