According to a research report published by Azoth Analytics in December 2020, the Global Defense Electronics Market was valued at USD 111.18 Billion in the year 2019. The global defense electronics market is witnessing lucrative growth owing to stringent regulatory standards, supportive government policies on nation’s security policies and also rising government spending in research and development activities which is likely to propel the market growth.
Americas region holds the major share as the US spends more on their defense than the total defense spending done by countries such as China, Saudi Arabia, Russia, United Kingdom, India, France, Japan, Germany, and South Korea combined.
The Asia-Pacific defense market is highly fragmented, with the presence of many suppliers who provide various types of equipment, like training systems, C4ISR systems, smart weapons, unmanned systems, and missile defense systems. The majority of the arms and ammunition are imported from the United States and Russia, and some smaller countries import from China.
The increase in defense electronics content is symptomatic of a wider shift in investment, with users moving away from combat ‘mass’ (i.e. number of platforms) toward a lower number of platforms with a higher capability threshold, driven by greater and more sophisticated defense electronics capabilities.
The Azoth Analytics research report titled “Global Defense Electronics Market: Analysis By Domain, Application, By Region, By Country (2020 Edition): Market Insights, Covid-19 Impact, Competition and Forecast (2020-2025)” has analysed the Defense Electronics Analysis by Domain (Air, Maritime, Land, Space, Services) and by Application (Acoustic, Avionics, C2/Bm, Communication, Optronics, Radar, EW). The Global Defense Electronics Market has been analysed By Region (Americas, Europe, Asia Pacific, MEA) and By Country (United States, Canada, Mexico, Brazil, Germany, France, Italy, China, Japan, India) for the historical period of 2015-2019 and the forecast period of 2020-2025.
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