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Defense Electronics Market to Reach $254.0 billion, Globally, by 2032 at 5.72% CAGR: Allied Market ResearchThe global defense electronics market is driven by factors such as growing application of optronics and surge in preference for airborne defense electronics. WILMINGTON, Del., Feb. 8, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, "Defense Electronics Market, by Vertical (Communication & Display, Navigation, C4ISR, Electronic Warfare, Radar, and Optronics) and Platform (Airborne, Marine, Land, and Space): Global Opportunity Analysis and Industry Forecast, 2022–2032". According to the report, the global defense electronics market size was valued at $150.2 billion in 2022, and is projected to reach $254.0 billion by 2032, registering a CAGR of 5.72% from 2023 to 2032. Prime determinants of growth The global defense electronics market is driven by factors such as growing adoption of integrated defense electronics technologies, which fuels the demand for defense electronics. In addition, the market is influenced by surge in demand for airborne defense electronics. However, effect on execution of critical defense missions due to lack of proper communication technologies. Moreover, increase in need for AI and IOT devices in military operations provide lucrative opportunities for market growth. (We are providing defense electronics industry report as per your research requirement, including the Latest Industry Insight's Evolution, Potential and Russia-Ukraine War Impact Analysis)
Download Sample Report and Table of Content - https://www.alliedmarketresearch.com/request-sample/A312652 Defense Electronics Industry Report Coverage & Details:
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Key Developments/ Strategies in Defense Electronics Industry
Interested to Procure the Research Report? Inquire Before Buying - https://www.alliedmarketresearch.com/purchase-enquiry/A312652 The optronics segment to maintain its leadership status throughout the forecast period By vertical, the optronics segment held the highest market share in 2022, accounting for more than one-third of the global defense electronics market revenue and is estimated to maintain its leadership status throughout the forecast period. The optronics segment's share is expected to be boosted by the increase in demand for accurate and durable hardware and software for unmanned platforms. The rise in efforts to develop indigenous optronics by developing nations in Asia Pacific region to support the segment demand. The airborne segment to maintain its leadership status throughout the forecast period By platform, the airborne segment held the highest market share in 2022, accounting for nearly half of the global defense electronics market and is estimated to maintain its leadership status throughout the forecast period. However, the same segment is projected to manifest the highest CAGR of 6.29% from 2023 to 2032, the integration of artificial intelligence (AI) technologies to enhance autonomous capabilities, enable intelligent decision-making, improve target recognition and tracking, and enhance situational awareness in complex environments is contributing to the market growth. Asia-Pacific to maintain its dominance by 2032 By region, Asia-Pacific held the highest market share in terms of revenue in 2022, accounting for nearly one-third of the global defense electronics market revenue and is likely to dominate the market during the forecast period. The booming defense industries in the Asia-Pacific region have fuelled the demand for defense electronics. Asia-Pacific is expected to witness highest growth in forecast period owing to increase in aviation demand in the emerging markets of India and China. However, the same region is expected to witness the fastest CAGR of 6.91% from 2023 to 2032. Key Report Highlights:
Procure Complete Research Report (PDF with Qualitative and Quotative Data, Insights, Statistics, Tables, Charts, Figures) - https://www.alliedmarketresearch.com/defense-electronics-market/purchase-options Leading Market Players: -
The report provides a detailed analysis of these key players in the global defense electronics market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario. Similar Reports We Have on Military/ Defense Industry: Electronic Warfare Market Research Report 2023-2032 Cognitive Electronic Warfare System Market Research Report 2023-2032 Digital Battlefield Market Research Report 2023-2032 Undersea Warfare Systems Market Research Report 2023-2032 Network Centric Warfare Market Research Report 2023-2032 About Us Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact: David Correa Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
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