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Defense Electronics Market worth $289.0 billion by 2028, at a CAGR of 5.6%

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Defense Electronics Market worth $289.0 billion by 2028, at a CAGR of 5.6%

April 27
20:44 2023
Defense Electronics Market worth $289.0 billion by 2028, at a CAGR of 5.6%
Defense Electronics Market
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 Compound Annual Growth Rate (CAGR) of 5.6% From 2023 to 2028

The report “Defense Electronics Market by Vertical (Navigation, Communication, and Display (Avionics, Vetronics, Integrated Bridge Systems), C4ISR, Electronic Warfare, Radars, Optronics), Platform (Airborne, Marine, Land, Space) and Region – Global Forecast to 2028” 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. 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.

• Informational PDF Brochure :- https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=183642563

Browse 236 market data Tables and 59 Figures spread through 377 Pages and in-depth TOC on “Defense Electronics Market by Vertical and Region – Global Forecast to 2028”

View detailed Table of Content herehttps://www.marketsandmarkets.com/Market-Reports/defense-electronics-market-183642563.html

Defense Electronics Market

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.

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 .

Don’t miss out on business opportunities in Defense electronics Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

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Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
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Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/defense-electronics-market-183642563.html

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