Defense electronics Market worth $289.0 billion by 2028 - Exclusive Report by MarketsandMarkets™

CHICAGO, April 26, 2023 /PRNewswire/ -- The Defense electronics market is estimated to be USD 220.3 billion in 2023 and is projected to reach USD 289.0 billion by 2028, at a CAGR of 5.6% during the forecast period according to a new report by MarketsandMarkets™. The increasing use of UAVs as drone jammers and growing need for new products of electronic warfare and C4ISR are driving the growth of the Defense electronics market.

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Browse in-depth TOC on "Defense electronics Market" 

236 – Tables
59 – Figures
377 – Pages

Defense electronics Market Report Scope:

Based on Vertical, the vetronics subsegment under navigation, communication & display segment is expected to grow at the highest CAGR during the forecast period.

The vetronics subsegment under navigation, communication & display segment is projected grow at the highest CAGR in the defense electronics market in 2023. The growth of this segment can be attributed to the increasing regional conflicts and growing need for modernization of military vehicles.

Based on Platform, the frigates subsegment under marine segment is projected to grow at the highest CAGR during the forecast period.

The frigates subsegment under marine segments is projected to grow at the highest CAGR in the defense electronics market in 2023. The growth of this segment is attributed to the need to protect warships and merchant marine ships from enemies.

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Based on region, the Asia Pacific segment is projected to grow at the highest CAGR during the forecast period.

The Asia Pacific region is expected to lead the Defense electronics market in 2023. The regions studied in this market are China, Australia, Japan, India, South Korea among others. India and China are among the major global players present in the Asia Pacific, which invests heavily in the development of defense electronic technologies. The demand for defense electronics in this region is due to the increased adoption of defense electronic products and growing focus on developing advanced systems to increase defense capabilities.

Major players operating in the Defense electronics market include General Dynamic Corporation (US), Honeywell International Inc. (US), Rheinmetall AG (Germany), Saab AB (Sweden) and Leonardo SPA (Italy) among others. These companies have well-equipped manufacturing facilities and strong distribution networks across North America, Europe, Asia Pacific, Middle East and Rest of World.

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Browse Adjacent Market: Aerospace and Defence Market Research Reports &Consulting

Related Reports:

C4ISR Market by Platform (Airborne, Land, Naval, Space), Solution (Hardware, Application Software, Services), Application, End User (Defense & Space, Homeland Security, Commercial), Installation and Region - Global Forecast to 2028

Integrated Bridge Systems Market by Ship Type, End User (Oem And Aftermarket), Sub-System (Ins, Automatic Weather Observation System, Voyage Data Recorder and Automatic Identification Systems), Component, Region - Global Forecast to 2027

Air Defense System Market by Component (Weapon System, Fire Control System, Command and Control System), Type (Missile Defense System, Anti-Aircraft System, C-Ram System), Platform (Land, Naval, Airborne), Range, Region - Global Forecast to 2024

Electronic Warfare Market by Capability (Support, Attack, Protection), Platform (Airborne, Naval, Ground, Space), Product (EW Equipment, EW Operational Support), End Use (OEM, Upgradtion) and Region - Global Forecast to 2027

Command and Control Systems Market by Application, Solution, Platform, Installation Base (New Installation, and Upgradation), Installation (Fixed Command Centers, Deployable Command Centers) and Region - Global Forecast to 2027

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