Press release
Defense Electronics Global Market Report 2024 Market Size, Size, Share, Demand 2024-2033 |
Defense Electronics Global Market
As per the report, the defense electronics market size has grown strongly in recent years. It will grow from $222.32 billion in 2023 to $236.72 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The defense electronics market size is expected to see strong growth in the next few years. It will grow to $294.91 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%.
Download Free Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=12441&type=smp
Rising Defense Expenditures Fueling Growth In The Defense Electronics Market
The increasing defense expenditure is expected to propel the growth of the defense electronics market going forward. Defense expenditure, military spending, or defense budget refers to the financial resources a government or nation allocates towards defense and military-related activities. In defense expenditures, a portion of the budget is typically dedicated to defense electronics, like electronic equipment such as air defense radars and communication systems. For instance, in December 2022, according to the Ministry of Defense (MOD) departmental resources 2022, published by the UK government, defense spending for 2021-2022 accounted for $58.39 (£45.930) billion, with an increase of 8.4% compared to $53.85 (£42.365) billion in 2020-2021. Therefore, increasing defense expenditures are driving the growth of the defense electronics market.
Bae Systems Unveils Storm Ew Modules To Revolutionize Defense Electronics
Product innovations are a key trend gaining popularity in the defense electronics market. Major companies operating in the defense electronics market are developing new technologies to sustain their position in the market. For instance, in March 2022, BAE Systems plc, a UK-based aerospace company, launched Storm EW (Electronic Warfare) Modules for defense electronics, designed to offer specialized, cutting-edge offensive and defensive electronic warfare (EW) mission systems. Storm EW modules leverage a tried-and-true common core architecture to speed up the supply of software-based EW capabilities, giving warfighters the situational awareness, survivability, and electromagnetic capabilities required for challenging missions. Storm EW Modules' scalable design offers a reliable hardware foundation that can be modified and integrated into various airborne platforms, including fixed- and rotary-wing aircraft, unmanned aerial vehicles, and guided missiles.
The defense electronics market covered in this report is segmented -
1) By Component: Hardware, Software, Services
2) By Equipment Type: C4ISR Systems, Weapon Systems, Electro-Optical and Infrared (EO/IR) Systems, Military Simulators, Radar Systems, Sonar Systems, Avionics, Electronic Warfare, Other Equipment Type
3) By Platform: Airborne, Marine, Land, Space
Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=12441&type=discount
Major companies operating in the defense electronics market report are Raytheon Technologies Corporation, The Boeing Company, Lockheed Martin Corporation, General Dynamics Corporation, Mitsubishi Electric Corporation, Honeywell International Inc., Northrop Grumman Corporation, BAE Systems plc, Safran S.A., Thales Group, L3Harris Technologies Inc., Leonardo S.p.A., Textron Inc., Rheinmetall Electronics GmbH, Elbit Systems Ltd., Serco Group plc, Indra Sistemas S.A., Saab AB, Airbus Defence & Space GmbH, Rafael Advanced Defense Systems Ltd., Bharat Electronics Limited, Hensoldt AG, LIG Nex1 Co. Ltd., Ultra Electronics Holdings plc, Kratos Defense & Security Solutions Inc.,Terma A/S, Tata Advanced Systems, Samsung Techwin Co. Ltd., Data Patterns Ltd., Rockwell Collins Inc.
Contents of the report:
1. Executive Summary
2. Defense Electronics Market Report Structure
3. Defense Electronics Market Trends And Strategies
4. Defense Electronics Market - Macro Economic Scenario
5. Defense Electronics Market Size And Growth
…..
27. Defense Electronics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Explore the report store to make a direct purchase of the report @ https://www.thebusinessresearchcompany.com/report/defense-electronics-global-market-report
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Defense Electronics Global Market Report 2024 Market Size, Size, Share, Demand 2024-2033 | here
News-ID: 3592943 • Views: …
More Releases from The Business research company
Event Camera Module Market Landscape to 2034: Key Forces Shaping the Next Decade …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Event Camera Module Industry Market Size Be by 2025?
The market for event camera modules has experienced swift expansion in the past few years. Expectations are to see it rise from $3.82 billion in 2024 to $4.53 billion in 2025, with a compound annual growth rate…
Enterprise Imaging Information Technology (IT) Market Poised to Hit $3.89 Billio …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Enterprise Imaging Information Technology (IT) Market Size By 2025?
The size of the enterprise imaging information technology (IT) market has seen significant expansion in the past few years. Its size is predicted to escalate from $2.10 billion in 2024 to $2.39 billion in 2025, reflecting…
Key Trends Reshaping the Electronic Payment Processing Market: Enhancing Transac …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Electronic Payment Processing Market Size Growth Forecast: What to Expect by 2025?
The market size of electronic payment processing has seen a swift surge in recent years. It's set to expand from $100.73 billion in 2024 to $112.36 billion in 2025, boasting a compound annual growth rate (CAGR) of…
Increasing Proliferation Of Internet Of Things (IoT) Devices Fueling The Growth …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Edge Artificial Intelligence Accelerator Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of the edge artificial intelligence accelerator has witnessed a significant surge recently. It is projected to expand from $8.28 billion in 2024 to $11.10 billion in 2025, boasting a compound…
More Releases for Defense
Virtual Reality in Aerospace & Defense Market Virtual Reality in Aerospace & Def …
The global virtual reality (VR) market in aerospace and defense is estimated to be valued at approximately $8.4 billion in 2024, with expectations to around $20.7 billion by 2034, signifying a robust Compound Annual Growth Rate (CAGR) of 9.5% during the forecast period from 2025 to 2034.
The latest report Virtual Reality in Aerospace & Defense Market Share, Size, Growth, Opportunities, and Forecast 2025-2034 This report offers a new perspective…
Elliott Derzaph, Renowned Self-Defense Instructor, Launches His Latest Book "Wom …
Image: https://www.getnews.info/wp-content/uploads/2024/08/1724155810.png
Self-defense training is about the knowledge of how fighting works and how to survive. Women will learn how to utilize their internal power to develop autonomy, confidence, and empowerment. Real World Techniques were designed to teach practical, real-world defense that can be used in a variety of situations.
Los Angeles, California - August 21, 2024 - Women have traditionally shied away from situations where their self-defense [https://consciousdefense.com/] may be…
Missile Defense System Market is in huge demand | Almaz Antey, Kongsberg Defense …
Global Missile Defense System Market Report from AMA Research highlights deep analysis on market characteristics, sizing, estimates and growth by segmentation, regional breakdowns & country along with competitive landscape, player's market shares, and strategies that are key in the market. The exploration provides a 360° view and insights, highlighting major outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to…
Defense Siren Review 2023 (Defense Siren Must Read!) : Shocking Price About Defe …
In the United States of America, thousands of crimes are reported every day. You name it: mugging, theft, sexual assault, and murder. Some of these crimes are reported in the daily newspaper and on news programs.
After reading and watching the news, it's normal to worry about your family. Anytime, anywhere, you or your family could be attacked while driving. Thus, it's crucial to always remain vigilant. However, being aware is…
Door Defense Review 2022: (Buyers Beware!) Is Door Defense Actually Working?
The last thing anyone wants to think about when they are traveling is their security and privacy.
Door Defense provides consumers with a highly portable, secure solution in this regard that can be used in any hotel, Airbnb, dorm, or hostel.
It is also important to remember that even if the product may not be a failsafe defense against every invasion or incursion attempt, it at least gives them a…
Aircraft Communication System Market Global Report 2020 – Rockwell Collins Avi …
Aircraft communication systems use analogue voice and digital data for communication between pilots, members of the crew and passengers during flight. These devices are also used for communication between aircraft. Aircraft communication systems are used to facilitate communications between aircraft and ground units and vice versa.
Get In Depth Sample With Description, Graphs And Charts: https://www.a2zmarketresearch.com/sample?reportId=151555
Aircraft communication system offered by different manufacturers have also been taken into consideration to determine…
