The Defense Electrical Systems Market Size is valued at USD 159.4 billion in 2023 and is predicted to reach USD 225.1 billion by the year 2031 at a 4.5% CAGR during the forecast period for 2024-2031.
A Defense electrical system is a complex network of electronic parts, software, and hardware developed and used for military purposes. Growing worries about national security, more funding for military modernization projects, and innovative technology are all driving forces in the global market. Rising demand for effective long-term solutions, as well as the desire to decrease reliance on fossil fuels, is driving the growing trend toward electric technology, which in turn is fueling the market expansion. Increased energy efficiency, lower operational costs, and lighter logistical loads are a few of the numerous reasons Defense electrical systems are gaining popularity in military applications. One of the important factors propelling the expansion of the market is the increasing use of AI in these systems, a cutting-edge technology that is shaping the future of defense electrical systems market.
However, technological complexity, stringent restrictions, and expensive costs are limiting elements in the Defense electrical systems sector's global progress. Moreover, the COVID-19 epidemic severely impacted the sales of Defense electrical equipment, leading to budget reallocations and disruptions in supply networks. The market is beginning to show signs of a rise in sales again, though, as nations prioritize Defense modernization and the purchase of secure, state-of-the-art technologies. The market growth opportunities can be further enhanced by an increased focus on the electrification of military vehicles, growing investments in infrastructure, and advancements in manufacturing, which are all factors that could lead to opportunities in the Defense electrical systems market.
The Defense electrical systems market is segmented based on component, type, and end-user. The components segment includes segmented into hardware, software, and services. By type, the market is segmented into navigation systems, power and energy systems, communication and display systems, C4ISR, electronic warfare, and others. The market is segmented by end-user into aviation, marine, land, and space.
The hardware in the Defense electrical systems market is expected to lead with a large market share because of the increasing demand for cutting-edge military hardware. This market is expanding very fast due to the increasing need for dependable hardware components in challenging conditions and the increased spending on improving communication, navigation, and surveillance systems.
The aviation segment is expanding rapidly in the Defense electrical systems market because of the increasing funding for upgrading military aircraft and aviation systems. This fast growth is being propelled by the increasing need for sophisticated Defense electrical systems to facilitate communication, navigation, and surveillance in military aviation and by the incorporation of state-of-the-art technologies such as AI and the Internet of Things.
The North American Defense electrical systems market is expected to note the highest market share in revenue shortly. It can be attributed to boosted funding for the military, substantial expenditure on modernizing the military, and cutting-edge technology advancements. In addition, Europe region is projected to grow rapidly in the global Defense electrical systems market because of a number of factors, including rising global tensions, a strong presence of important industry players, the region's focus on improving national security, and implementing new technologies also helps its market grow.
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Report Attribute |
Specifications |
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Market Size Value In 2023 |
USD 159.4 Bn |
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Revenue Forecast In 2031 |
USD 225.1 Bn |
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Growth Rate CAGR |
CAGR of 4.5% from 2024 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Component, Deployment Model, Data Consumer, Metadata Type, Organization Size, And Vertical |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
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Competitive Landscape |
Curtiss-Wright Corporation, RTX Corporation, Saab AB, Thales Defense & Security, Inc., Cobham Limited, Lockheed Martin Corporation, Northrop Grumman, BAE Systems, L3Harris Technologies, Inc., Rheinmentall AG, Safran, Elbit Systems Ltd, Leonardo S.p.A., Israel Aerospace Industries (IAI), and General Dynamics Mission Systems. |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Defense Electrical Systems Market Snapshot
Chapter 4. Global Defense Electrical Systems Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Porter's Five Forces Analysis
4.7. Incremental Opportunity Analysis (US$ MN), 2024-2031
4.8. Global Defense Electrical Systems Market Penetration & Growth Prospect Mapping (US$ Mn), 2023-2031
4.9. Competitive Landscape & Market Share Analysis, By Key Player (2023)
4.10. Use/impact of AI on Defense Electrical Systems Industry Trends
Chapter 5. Defense Electrical Systems Market Segmentation 1: By Components, Estimates & Trend Analysis
5.1. Market Share by Components, 2023 & 2031
5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following Components:
5.2.1. Hardware
5.2.2. Software
5.2.3. Services
Chapter 6. Defense Electrical Systems Market Segmentation 2: By Type, Estimates & Trend Analysis
6.1. Market Share by Type, 2023 & 2031
6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following Types:
6.2.1. Navigation Systems
6.2.2. Power & Energy Systems
6.2.3. Communication & Display Systems
6.2.4. C4ISR
6.2.4.1. Command
6.2.4.2. Control
6.2.4.3. Communication
6.2.4.4. Intelligence
6.2.4.5. Surveillance
6.2.4.6. Reconnaissance system
6.2.5. Electronic Warfare
6.2.6. Others (Cybersecurity, Radar, Optronics, etc.)
Chapter 7. Defense Electrical Systems Market Segmentation 3: By End User, Estimates & Trend Analysis
7.1. Market Share by End User, 2023 & 2031
7.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following End Users:
7.2.1. Aviation
7.2.2. Marine
7.2.3. Land
7.2.4. Space
Chapter 8. Defense Electrical Systems Market Segmentation 4: Regional Estimates & Trend Analysis
8.1. Global Defense Electrical Systems Market, Regional Snapshot 2023 & 2031
8.2. North America
8.2.1. North America Defense Electrical Systems Market Revenue (US$ Million) Estimates and Forecasts by Country, 2024-2031
8.2.1.1. US
8.2.1.2. Canada
8.2.2. North America Defense Electrical Systems Market Revenue (US$ Million) Estimates and Forecasts by Components, 2024-2031
8.2.3. North America Defense Electrical Systems Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
8.2.4. North America Defense Electrical Systems Market Revenue (US$ Million) Estimates and Forecasts by End User, 2024-2031
8.3. Europe
8.3.1. Europe Defense Electrical Systems Market Revenue (US$ Million) Estimates and Forecasts by Country, 2024-2031
8.3.1.1. Germany
8.3.1.2. U.K.
8.3.1.3. France
8.3.1.4. Italy
8.3.1.5. Spain
8.3.1.6. Rest of Europe
8.3.2. Europe Defense Electrical Systems Market Revenue (US$ Million) Estimates and Forecasts by Components, 2024-2031
8.3.3. Europe Defense Electrical Systems Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
8.3.4. Europe Defense Electrical Systems Market Revenue (US$ Million) Estimates and Forecasts by End User, 2024-2031
8.4. Asia Pacific
8.4.1. Asia Pacific Defense Electrical Systems Market Revenue (US$ Million) Estimates and Forecasts by Country, 2024-2031
8.4.1.1. India
8.4.1.2. China
8.4.1.3. Japan
8.4.1.4. Australia
8.4.1.5. South Korea
8.4.1.6. Hong Kong
8.4.1.7. Southeast Asia
8.4.1.8. Rest of Asia Pacific
8.4.2. Asia Pacific Defense Electrical Systems Market Revenue (US$ Million) Estimates and Forecasts by Components, 2024-2031
8.4.3. Asia Pacific Defense Electrical Systems Market Revenue (US$ Million) Estimates and Forecasts By Type, 2024-2031
8.4.4. Asia Pacific Defense Electrical Systems Market Revenue (US$ Million) Estimates and Forecasts by End User, 2024-2031
8.5. Latin America
8.5.1. Latin America Defense Electrical Systems Market Revenue (US$ Million) Estimates and Forecasts by Country, 2024-2031
8.5.1.1. Brazil
8.5.1.2. Mexico
8.5.1.3. Rest of Latin America
8.5.2. Latin America Defense Electrical Systems Market Revenue (US$ Million) Estimates and Forecasts by Components, 2024-2031
8.5.3. Latin America Defense Electrical Systems Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
8.5.4. Latin America Defense Electrical Systems Market Revenue (US$ Million) Estimates and Forecasts by End User, 2024-2031
8.6. Middle East & Africa
8.6.1. Middle East & Africa Defense Electrical Systems Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
8.6.1.1. GCC Countries
8.6.1.2. Israel
8.6.1.3. South Africa
8.6.1.4. Rest of Middle East and Africa
8.6.2. Middle East & Africa Defense Electrical Systems Market Revenue (US$ Million) Estimates and Forecasts by Components, 2024-2031
8.6.3. Middle East & Africa Defense Electrical Systems Market Revenue (US$ Million) Estimates and Forecasts by Type, 2024-2031
8.6.4. Middle East & Africa Defense Electrical Systems Market Revenue (US$ Million) Estimates and Forecasts by End User, 2024-2031
Chapter 9. Competitive Landscape
9.1. Major Mergers and Acquisitions/Strategic Alliances
9.2. Company Profiles
9.2.1. Curtiss-Wright Corporation
9.2.1.1. Business Overview
9.2.1.2. Key Product/Service Offerings
9.2.1.3. Financial Performance
9.2.1.4. Geographical Presence
9.2.1.5. Recent Developments with Business Strategy
9.2.2. RTX Corporation
9.2.3. Saab AB
9.2.4. Thales Defense & Security, Inc.
9.2.5. Cobham Limited
9.2.6. Lockheed Martin Corporation
9.2.7. Northrop Grumman
9.2.8. BAE Systems
9.2.9. L3Harris Technologies, Inc.
9.2.10. Rheinmetall AG
9.2.11. Safran
9.2.12. Elbit Systems Ltd.
9.2.13. Leonardo S.p.A.
9.2.14. Israel Aerospace Industries (IAI)
9.2.15. General Dynamics Mission Systems
9.2.16. Other Prominent Players
Defense Electrical Systems Market By Component-
Defense Electrical Systems Market By Type-
Defense Electrical Systems Market By End-User-
Defense Electrical Systems Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
