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Defense Electronics Market Size

Report ID: GMI5743
Published Date: May 2023
Report Format: PDF

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Defense Electronics Market Size

Defense Electronics Market size valued at USD 230 Billion 2022 and is anticipated to grow at a 5% CAGR between 2023 and 2032. The increasing reliance on the protection of information & communication technologies reveals the vulnerability of cyber threats. This creates the need for cybersecurity measures and sophisticated electronic systems to protect critical systems and sensitive data.

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Defense electronics refers to the electronic equipment and special systems designed for the country's defense technology. Defense electronics provides powerful electrical equipment, high performance, electrical protection, and the ability to extinguish fire to support the work done and reduce the risk of injuries.

Defense Electronics Market Report Attributes
Report Attribute	Details
Base Year:	2022
Defense Electronics Market Size in 2022:	USD 230 billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	5%
2032 Value Projection:	USD 350 billion
Historical Data for:	2018 to 2022
No. of Pages:	250
Tables, Charts & Figures:	290
Segments covered:	Component, Vertical, and Platform
Growth Drivers:	Increasing defense expenditure Government support in modernization of military infrastructure Growing demand for unmanned systems Increasing focus on electronic warfare Increasing demand for defense electronics in border security and maritime surveillance
Pitfalls & Challenges:	Regulatory and export restrictions Growing cyberattacks on defense related data

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Defense electronics are subject to strict export regulations and international trade restrictions. These regulations are designed to hinder the development of technology and ensure national security. Compliance with export regulations can pose problems for companies operating in the global electronic protection market.

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

The market size of defense electronics was worth over USD 230 billion in 2022 and will showcase more than 5% CAGR from 2023 to 2032 due to the increasing reliance on the protection of information & communication technologies.

The hardware component segment will record over 5.5% CAGR from 2023 to 2032 owing to the rising development and operation of electrical defense.

North America defense electronics market size surpassed USD 95 billion in 2022 and will expand significantly through 2032 owing to the growing military spending in the region.

Airbus Defence and Space, BAE Systems plc, Bharat Electronics Limited, Boeing Defense, Space & Security, Elbit Systems Ltd., General Dynamics Corporation, and Harris Corporation are some of the major defense electronic firms.