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Defense Electronics Market Trends

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

Defense Electronics Market Trends

Companies are broadening their global reach, harnessing cutting-edge technologies, capitalizing on escalating global defense budgets, and forging strategic alliances to access larger markets. For instance, Safran Group, a French defense conglomerate, which has selected India as the strategic location to set up it’s Defense Electronics unit beyond French borders. This pivotal choice not only emphasizes the deepening strategic bond between India and France but also resonates with India's "Make in India" initiative, designed to amplify domestic defense production. By setting up in India, Safran bolsters its international stature while playing a pivotal role in India's quest for defense autonomy. This strategic maneuver underscores the significance of joint endeavors in fortifying bilateral relations, all while catering to the surging global inclination for sophisticated defense electronics systems.
 

With cyber threats growing in sophistication, the defense electronics market is intensifying its focus on crafting secure and cyber-resilient systems. Given that modern warfare leans on interconnected electronic systems for communication, intelligence, and command and control, these systems become prime targets for cyberattacks. In response, manufacturers are integrating advanced cybersecurity features into electronic components, including encrypted data transmission, tamper detection, and real-time threat monitoring. There's also a keen exploration of emerging technologies like quantum cryptography and blockchain for defense applications. On another front, governments and defense agencies are enforcing rigorous standards and certifications, ensuring electronic systems are fortified against cyber threats. This heightened emphasis on cybersecurity is not just a trend; it's fundamentally reshaping the design of defense electronics, with resilience now paramount in both procurement and deployment decisions.

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.

Defense Electronics Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 16
  • Tables & Figures: 230
  • Countries covered: 18
  • Pages: 170
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