Defense Electronics Market Comprehensive Insight by Growth Rate, Industry Status, Forecast till 2029

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.

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.

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Market Coverage

· The market number available for - 2023-2030

· Base year- 2022

· Forecast period- 2023-2030

Segment Covered-

· By Communication Infrastructure

· By Spectrum Band

· By End User

Regions Covered-

· North America

· Europe

· Asia-Pacific

· Rest of the World

Competitive Landscape- Includes Lockheed Martin Corporation, Raytheon Technologies Corporation, Thales Group, BAE Systems plc, Northrop Grumman Corporation, and others.

A full Report of Defense Electronics Market is Available @ https://www.omrglobal.com/industry-reports/defense-electronics-market

Defense Electronics Report Segment

By Component

· Hardware

· Software

By Vertical

· Navigation

· Communication & Display

· C4ISR

· Radar

· Optronics

· Others (Electronic Warfare)

By Platform

· Airborne

· Marine

· Land

· Space Global

Defense Electronics Market Report Segment by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

• Latin America

• Middle East and Africa

Company Profiles

· Airbus

· BAE Systems, plc

· Cubic

· Elbit Systems

· General Dynamics

· General Electric Co.

· Honeywell International Inc.

· Israel Aerospace Industries Ltd.

· Kongsberg Gruppen ASA

· Kratos Defense & Security Solutions, Inc.

· L3Harris Technologies, Inc.

· Leonardo S.p.A.

· Mitsubishi Electric Corp.

· Rheinmetall AG

· Saab

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