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Defense Electronics Market Developments, Comprehensive Analysis, Industry Revenue Figures, Outlook, and Study of Top Players until 2029 | BAE systems plc (UK), Thales Group (France), Israel Aerospace Industries (Israel), Curtiss-Wright Corporation (US) an
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Prominent companies in the defense electronics market are BAE systems plc (UK), Thales Group (France), Israel Aerospace Industries (Israel), Curtiss-Wright Corporation (US) and Hensoldt (Germany) among others.
Increasing Modernization of defense electronics capabilities and strengthening of joint forces by investing in defense electronic systems are driving the global defense electronics market
The defense electronics market size is projected to grow from USD 220.3 billion in 2023 to USD 289.0 billion by 2028, at a CAGR of 5.6% during the forecast period. The market for defense electronics is driven by various factors, such as growing adoption of integrated defense electronic technologies and development of new-generation air and missile defense systems. However, high investment in defense electronics in early phases and high installation and upgradation costs of avionic products are limiting the overall growth of the market.
"Navigation, Communication and Display: The second largest share of the defense electronics market by vertical in 2023."
The navigation, communication and display segment has the second largest segment of the defense electronics market by vertical in 2023.The increasing demand for avionics, integrated bridge systems and vetronics due to the increase in military deliveries is driving the growth of this segment in the defense electronics market.
"Land : The second largest segment of the defense electronics market by platform in 2023"
The airborne segment has the second largest segment of the defense electronics market by platform in 2023. Growing requirement for support systems for dismounted soldiers and increased use of unmanned ground vehicles by NATO troops and advanced militaries to boost the land segment.
"Europe to account for the third largest CAGR in the defense electronics market in forecasted year"
Europe is estimated to account for the third largest CAGR in the defense electronics in the forecasted year. The European region for this study comprises of Russia, UK, France, Germany, Italy and Rest of Europe. Rising investments indefense equipment and technologies by several European based companies and the rapid market expansion through advanced and upgrading programs is expected to drive this segment.
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The report will also help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.
Key benefits of buying this report:
This report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall defense electronics market and its subsegments. The report covers the entire ecosystem of the defense electronics industry and will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.
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