The electronics industry is progressing significantly over the past decade and the military forces are benefiting from the progression hugely. The defense forces across the globe are seeking advanced electronic systems in order to deter numerous threats. Since, the global warfare scenario is drastically changing over the years, the demand for robust electronic systems is accelerating among the defense forces. This factor is propelling the military electronics market.
MARKET DYNAMICS
The governmental and defense forces initiative to invest substantial amounts towards electronic systems to modernize the forces with advanced technologies is boosting the military electronics market. In addition, the growth of electronic warfare has surged the demand for various types of electronics used in the technology to boost electronic warfare systems. Moreover, the need for constant surveillance and intelligence gathering, the demand for electronic systems is on the rise among the military forces. This factor is another key driving factor for the military electronics market. The growing procurement rate of C4ISR systems, EO/IR systems, radar technologies, and electronic warfare systems among the defense forces in the developing countries is anticipated to catalyze the military electronics market in the future.
MARKET SCOPE
The "Global Military Electronics Market Analysis To 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global military electronics market trend analysis. The military electronics market report aims to provide an overview of the military electronics market with detailed market segmentation by systems, platforms, and geography. The global military electronics market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading military electronics market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global military electronics market is segmented on the basis of systems and platform. Based on systems, the military electronics market is segmented into C4ISR, electronic warfare, radar, sonar, EO/IR sensors, and others. The military electronics market is further categorized into range as land, naval, and air.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global military electronics market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The military electronics market by each region is later sub-segmented by respective countries and segments. The military electronics market report covers the analysis and forecast of 17 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the military electronics market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive porter's five forces analysis highlighting factors affecting the military electronics market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global military electronics market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The military electronics market by each region is later sub-segmented by respective countries and segments. The military electronics market report covers the analysis and forecast of 17 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the military electronics market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive porter's five forces analysis highlighting factors affecting the military electronics market in these regions.
MARKET PLAYERS
The reports cover key developments in the military electronics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of military electronics market players. The market players from military electronics market are anticipated to lucrative growth opportunities in the future with the rising demand for military electronics in the global market. Below mentioned is the list of few companies engaged in the military electronics market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the military electronics market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BLIGHTER SURVEILLANCE SYSTEMS LTD
- BOEING
- ELBIT SYSTEMS LTD.
- L3HARRIS TECHNOLOGIES INC.
- LEONARDO SPA
- LOCKHEED MARTIN CORPORATION
- NORTHROP GRUMMAN CORPORATION
- RAYTHEON TECHNOLOGIES CORPORATION
- SAAB AB
- THALES GROUP
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Military Electronics Market - By Systems
1.3.2 Military Electronics Market - By Platform
1.3.3 Military Electronics Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MILITARY ELECTRONICS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. MILITARY ELECTRONICS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. MILITARY ELECTRONICS MARKET - GLOBAL MARKET ANALYSIS
6.1. MILITARY ELECTRONICS - GLOBAL MARKET OVERVIEW
6.2. MILITARY ELECTRONICS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. MILITARY ELECTRONICS MARKET - REVENUE AND FORECASTS TO 2028 - SYSTEMS
7.1. OVERVIEW
7.2. SYSTEMS MARKET FORECASTS AND ANALYSIS
7.3. C4ISR
7.3.1. Overview
7.3.2. C4ISR Market Forecast and Analysis
7.4. ELECTRONIC WARFARE
7.4.1. Overview
7.4.2. Electronic Warfare Market Forecast and Analysis
7.5. RADAR
7.5.1. Overview
7.5.2. Radar Market Forecast and Analysis
7.6. SONAR
7.6.1. Overview
7.6.2. Sonar Market Forecast and Analysis
7.7. EO/IR SENSORS
7.7.1. Overview
7.7.2. EO/IR Sensors Market Forecast and Analysis
7.8. OTHERS
7.8.1. Overview
7.8.2. Others Market Forecast and Analysis
8. MILITARY ELECTRONICS MARKET - REVENUE AND FORECASTS TO 2028 - PLATFORM
8.1. OVERVIEW
8.2. PLATFORM MARKET FORECASTS AND ANALYSIS
8.3. LAND
8.3.1. Overview
8.3.2. Land Market Forecast and Analysis
8.4. NAVAL
8.4.1. Overview
8.4.2. Naval Market Forecast and Analysis
8.5. AIRBORNE
8.5.1. Overview
8.5.2. Airborne Market Forecast and Analysis
9. MILITARY ELECTRONICS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Military Electronics Market Overview
9.1.2 North America Military Electronics Market Forecasts and Analysis
9.1.3 North America Military Electronics Market Forecasts and Analysis - By Systems
9.1.4 North America Military Electronics Market Forecasts and Analysis - By Platform
9.1.5 North America Military Electronics Market Forecasts and Analysis - By Countries
9.1.5.1 United States Military Electronics Market
9.1.5.1.1 United States Military Electronics Market by Systems
9.1.5.1.2 United States Military Electronics Market by Platform
9.1.5.2 Canada Military Electronics Market
9.1.5.2.1 Canada Military Electronics Market by Systems
9.1.5.2.2 Canada Military Electronics Market by Platform
9.1.5.3 Mexico Military Electronics Market
9.1.5.3.1 Mexico Military Electronics Market by Systems
9.1.5.3.2 Mexico Military Electronics Market by Platform
9.2. EUROPE
9.2.1 Europe Military Electronics Market Overview
9.2.2 Europe Military Electronics Market Forecasts and Analysis
9.2.3 Europe Military Electronics Market Forecasts and Analysis - By Systems
9.2.4 Europe Military Electronics Market Forecasts and Analysis - By Platform
9.2.5 Europe Military Electronics Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Military Electronics Market
9.2.5.1.1 Germany Military Electronics Market by Systems
9.2.5.1.2 Germany Military Electronics Market by Platform
9.2.5.2 France Military Electronics Market
9.2.5.2.1 France Military Electronics Market by Systems
9.2.5.2.2 France Military Electronics Market by Platform
9.2.5.3 Italy Military Electronics Market
9.2.5.3.1 Italy Military Electronics Market by Systems
9.2.5.3.2 Italy Military Electronics Market by Platform
9.2.5.4 United Kingdom Military Electronics Market
9.2.5.4.1 United Kingdom Military Electronics Market by Systems
9.2.5.4.2 United Kingdom Military Electronics Market by Platform
9.2.5.5 Russia Military Electronics Market
9.2.5.5.1 Russia Military Electronics Market by Systems
9.2.5.5.2 Russia Military Electronics Market by Platform
9.2.5.6 Rest of Europe Military Electronics Market
9.2.5.6.1 Rest of Europe Military Electronics Market by Systems
9.2.5.6.2 Rest of Europe Military Electronics Market by Platform
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Military Electronics Market Overview
9.3.2 Asia-Pacific Military Electronics Market Forecasts and Analysis
9.3.3 Asia-Pacific Military Electronics Market Forecasts and Analysis - By Systems
9.3.4 Asia-Pacific Military Electronics Market Forecasts and Analysis - By Platform
9.3.5 Asia-Pacific Military Electronics Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Military Electronics Market
9.3.5.1.1 Australia Military Electronics Market by Systems
9.3.5.1.2 Australia Military Electronics Market by Platform
9.3.5.2 China Military Electronics Market
9.3.5.2.1 China Military Electronics Market by Systems
9.3.5.2.2 China Military Electronics Market by Platform
9.3.5.3 India Military Electronics Market
9.3.5.3.1 India Military Electronics Market by Systems
9.3.5.3.2 India Military Electronics Market by Platform
9.3.5.4 Japan Military Electronics Market
9.3.5.4.1 Japan Military Electronics Market by Systems
9.3.5.4.2 Japan Military Electronics Market by Platform
9.3.5.5 South Korea Military Electronics Market
9.3.5.5.1 South Korea Military Electronics Market by Systems
9.3.5.5.2 South Korea Military Electronics Market by Platform
9.3.5.6 Rest of Asia-Pacific Military Electronics Market
9.3.5.6.1 Rest of Asia-Pacific Military Electronics Market by Systems
9.3.5.6.2 Rest of Asia-Pacific Military Electronics Market by Platform
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Military Electronics Market Overview
9.4.2 Middle East and Africa Military Electronics Market Forecasts and Analysis
9.4.3 Middle East and Africa Military Electronics Market Forecasts and Analysis - By Systems
9.4.4 Middle East and Africa Military Electronics Market Forecasts and Analysis - By Platform
9.4.5 Middle East and Africa Military Electronics Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Military Electronics Market
9.4.5.1.1 South Africa Military Electronics Market by Systems
9.4.5.1.2 South Africa Military Electronics Market by Platform
9.4.5.2 Saudi Arabia Military Electronics Market
9.4.5.2.1 Saudi Arabia Military Electronics Market by Systems
9.4.5.2.2 Saudi Arabia Military Electronics Market by Platform
9.4.5.3 U.A.E Military Electronics Market
9.4.5.3.1 U.A.E Military Electronics Market by Systems
9.4.5.3.2 U.A.E Military Electronics Market by Platform
9.4.5.4 Rest of Middle East and Africa Military Electronics Market
9.4.5.4.1 Rest of Middle East and Africa Military Electronics Market by Systems
9.4.5.4.2 Rest of Middle East and Africa Military Electronics Market by Platform
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Military Electronics Market Overview
9.5.2 South and Central America Military Electronics Market Forecasts and Analysis
9.5.3 South and Central America Military Electronics Market Forecasts and Analysis - By Systems
9.5.4 South and Central America Military Electronics Market Forecasts and Analysis - By Platform
9.5.5 South and Central America Military Electronics Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Military Electronics Market
9.5.5.1.1 Brazil Military Electronics Market by Systems
9.5.5.1.2 Brazil Military Electronics Market by Platform
9.5.5.2 Rest of South and Central America Military Electronics Market
9.5.5.2.1 Rest of South and Central America Military Electronics Market by Systems
9.5.5.2.2 Rest of South and Central America Military Electronics Market by Platform
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. MILITARY ELECTRONICS MARKET, KEY COMPANY PROFILES
11.1. BLIGHTER SURVEILLANCE SYSTEMS LTD
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BOEING
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. ELBIT SYSTEMS LTD
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. L3HARRIS TECHNOLOGIES INC
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. LEONARDO S.P.A
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. LOCKHEED MARTIN CORPORATION
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. NORTHROP GRUMMAN CORPORATION
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. RAYTHEON TECHNOLOGIES CORPORATION
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SAAB AB
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. THALES GROUP
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. BLIGHTER SURVEILLANCE SYSTEMS LTD
2. Boeing
3. ELBIT SYSTEMS LTD
4. L3Harris Technologies Inc
5. LEONARDO S.P.A
6. Lockheed Martin Corporation
7. Northrop Grumman Corporation
8. Raytheon Technologies Corporation
9. SAAB AB
10. Thales Group
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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