Defense Electronics Obsolescence Market Modern Warfare, Modern Needs: The Expanding Defense Electronics Upgrade Market

Defense Electronics Obsolescence Market worth $5.08 Bn by 2031 - Exclusive Report by InsightAce Analytic Pvt. Ltd.

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Defense Electronics Obsolescence Market - (by System (Communication System; Navigation System; Human Machine Interface; Flight Control System; Targeting System; Electronic Warfare System; and Sensors), By Platform (Land, Naval, Airborne), Type (Logistics Obsolescence, Functional Obsolescence, Technology Obsolescence)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the Global Defense Electronics Obsolescence Market is valued at US$ 2.63 Bn in 2023, and it is expected to reach US$ 5.08 Bn by 2031, with a CAGR of 8.57% during the forecast period of 2024-2031.

The defense electronics industry faces a unique challenge: obsolescence. Electronic components and systems crucial for military operations gradually lose support and functionality over time. This presents a significant hurdle in an era where integrated defense technologies are becoming increasingly important.
Integrated defense technologies combine various systems - sensors, communication, automation, and cyber defense - to create a comprehensive defense network.

This integration facilitates better situational awareness, decision-making, and overall defense capabilities through effective information sharing and communication. Additionally, it can potentially reduce costs and streamline deployment.

However, modernizing these integrated systems while maintaining operational readiness is a complex task. The military must carefully plan and schedule upgrades or replacements of aging components to ensure combat readiness and immediate availability are never compromised.

Despite this challenge, the demand for integrated defense technology is on the rise. This is driven by the growing need for operational flexibility and protection in modern warfare. Collision avoidance technology, for example, is expected to see a significant increase in use due to these factors.

Request for free Sample Pages: https://www.insightaceanalytic.com/request-sample/2434

List of Prominent Players in the Defense Electronics Obsolescence Market:

• Cyient Limited
• Converge
• Fermionx
• Radel Advanced Technology Pvt. Ltd.
• Larsen & Toubro Limited
• Actia
• Raytheon Technologies Corporation
• BAE Systems
• L3Harris Technologies, Inc.
• Thales
• Elbit Systems Ltd
• Hexagon Ab
• Leonardo S.P.A.
• Curtiss-Wright Corporation
• Bharat Electronics Ltd
• Ultra Electronics
• Hindustan Aeronautics Ltd
• Lockheed Martin Corporation
• TT Electronics
• Siemens AG
• Other Market Players

Market Dynamics:

Drivers-
The growing demand for the defence electronics obsolescence market is fueled by the general trend of countries around the world increasing their defence budget. Electronic warfare systems, surveillance technologies, and command and control systems are among the defence procurement programs that countries commit substantial funds, which is fueling market expansion.

Governments are investing in updating their military forces by acquiring new technology and improving old gear. Due to this, cutting-edge defence electronics, including radars, communication systems, EWS, and surveillance gear, are in high demand.

Challenges:
The prime challenges are strict rules and regulations, a shortage of competent individuals, and a lack of norms and protocol because of lockdowns and isolation in emerging countries, which is predicted to slow the growth of the defence electronics obsolescence market.

The rules are implemented to safeguard the country and slow down technological advancement. The COVID-19 pandemic has had a devastating effect on markets around the world, forcing many factories to shut down in an attempt to protect their workers. As a result, the industry's potential for expansion has been diminished.

Regional Trends:
The North American defence electronics obsolescence market is anticipated to register a major market share in revenue. It is projected to grow at a high CAGR in the near future due to the growing demand for discrete power electronics in the automotive, information and communication technology, and industrial sectors in this area.

Moreover, the market will experience even more growth due to major industry competitors and the increasing usage of technologies based on the Internet of Things. Besides, Europe had a remarkable share of the market due to the rising demand for more cost-effective solutions and the focus on reducing machine breakdowns.

Curious About This Latest Version Of The Report? Enquiry Before Buying: https://www.insightaceanalytic.com/enquiry-before-buying/2434

Recent Developments:

• In March 2024, The Indian Ministry of Defence has entered into a contract with Hindustan Aeronautics Limited (HAL) to perform a Mid Life Upgrade (MLU) on 25 Dornier Aircraft, including the necessary equipment, for the Indian Navy. The contract is valued at Rs 2,890 crore.

• In March 2024, Raytheon, a division of RTX, was awarded a contract to equip Germany with Patriot air and missile defence systems worth $1.2 billion. These systems will allow Germany's air defence network to receive additional Patriot missiles.

Segmentation of Defense Electronics Obsolescence Market-
By Systems-
• Communication System
o Transponders
o Transreceivers
o Antennas
o Transmitters
o Receivers
• Navigation System
o Inertial Navigation System (INS)
 Altimeter
 Magnetometer
 Gyroscope
o Global Positioning System (GPS)
o Navigation Computer
• Human machine Interface
o Navigation Display
o Primary Flight Display
o Multi-function Display
• Targeting system
o Radars
 Antenna
 Transmitter
 Receiver
 Digital Signal Processors
 Power Amplifier
 Duplexer
o Electro-optic & Infrared
 Transmitter
 Receiver
 Beam Expander
 Optical Sensor
 Detector
 Signal Processor
• Electronic warfare Systems
o Jammers
 Transmitter
 Receiver
 Control Unit
 Display
• Sensors
o Infrared Sensors
o Motion Sensors
o Lidar Sensors
o Pressure Sensors
o Radiation Sensors
o Magnetic Sensors
o Biometric Sensors
o Humidity/Temperature Sensors
o Proximity Sensors
By Platform-
• Land
o Combat Vehicles
o Main Battle Tanks
o Infantry Fighting Vehicles
o Armored Personnel Carriers
o Light Armored Vehicles
o Combat Support Vehicles
o Armored Combat Support Vehicles
o Mine-Protected Vehicles
• Naval
o Aircraft Carriers
o Destroyers
o Frigates
o Corvettes
o Submarines
o Patrol Vessels
o Mine Countermeasures Ship
o Amphibious Ship
• Airborne
o Combat Aircraft
o Transport Aircraft
o Special Mission Aircraft
o Combat Helicopters
By Type-
• Logistics Obsolescence
• Functional Obsolescence
• Technology Obsolescence
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

For More Customization @ https://www.insightaceanalytic.com/customisation/2434

Contact Us:
InsightAce Analytic Pvt. Ltd.
Tel.: +1 718 593 4405
Email: info@insightaceanalytic.com
Site Visit: www.insightaceanalytic.com
Follow Us on LinkedIn @ bit.ly/2tBXsgS
Follow Us On Facebook @ bit.ly/2H9jnDZ

About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions.
Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses.
We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products.
Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

This release was published on openPR.