The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Global Defense Electrical Systems Market Industry (2024-2030):
According to the latest report, the Global Defense Electrical Systems Market is estimated to grow at a CAGR of around 5.2% during the forecast period, i.e., 2024-30. The report demonstrates the prominent factors propelling the exponential growth of the Global Defense Electrical Systems Market.
Key Takeaways: Beneficial for Stakeholders and Clients
- Historic Period: 2019-2022
- Base year: 2023
- Forecast Years: 2024-2030
- CAGR (2024-30): 5.2%
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What are the major Driver the Global Defense Electrical Systems Market industry?
Surging Demand for Unmanned Military Vehicles to Augment Market Growth – Military operations globally have been witnessing a significant demand for unmanned vehicles to reduce human risks. Nations are increasingly recognizing the advantages of unmanned platforms in enhancing reconnaissance, surveillance, and combat capabilities while minimizing risks to human personnel. Additionally, advancements in artificial intelligence, sensor technologies, and autonomous systems are expanding the operational effectiveness and versatility of unmanned vehicles across land, sea, and air domains across the globe. For instance,
- In 2022, the Indian Navy announced the acquisition of 40 Naval Unmanned Aerial Systems (NUAS) for more than 100-meter-long warships.
These vehicles, ranging from drones to autonomous ground vehicles, rely heavily on sophisticated electrical systems for navigation, communication, and surveillance. The electrical systems are installed in various military vehicles, including tanks, aviation, etc. Moreover, manufacturers launching new and innovative electrical systems with integrated technologies further boost the demand for electrical systems for unmanned military vehicles, thus propelling market growth.
Global Defense Electrical Systems Market Segmentation
The Global Defense Electrical Systems Market analysis of MarkNtel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Components
- Hardware- Market Size & Forecast 2019-2030F, USD Million
- Software- Market Size & Forecast 2019-2030F, USD Million
- Services- Market Size & Forecast 2019-2030F, USD Million
- By Type
- Navigation Systems- Market Size & Forecast 2019-2030F, USD Million
- Power & Energy Systems- Market Size & Forecast 2019-2030F, USD Million
- Communication & Display Systems- Market Size & Forecast 2019-2030F, USD Million
- C4ISR (Command, Control, Communications, Computer, Intelligence, Surveillance & Reconnaissance Systems)- Market Size & Forecast 2019-2030F, USD Million
- Electronic Warfare- Market Size & Forecast 2019-2030F, USD Million
- Others (Cybersecurity, Radar, Optronics, etc.) - Market Size & Forecast 2019-2030F, USD Million
- By End User
- Aviation- Market Size & Forecast 2019-2030F, USD Million
- Marine- Market Size & Forecast 2019-2030F, USD Million
- Land- Market Size & Forecast 2019-2030F, USD Million
- Space- Market Size & Forecast 2019-2030F, USD Million
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
As per the regional aspect, the Global Defense Electrical Systems Market is expected to be dominated by the North America by capturing the potential market share.
Explore further details about this research report- https://www.marknteladvisors.com/research-library/defense-electrical-systems-market.html
Top Companies in the Global Defense Electrical Systems Market
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), General Dynamics Mission Systems
Global Defense Electrical Systems Industry Recent Development:
- 2023: Raytheon announced to build and test two high-power microwave antenna systems that will use directed energy to defeat airborne threats at the speed of light.
- 2023: Crane Aerospace and Electronics has announced a partnership with Swedish electric aircraft manufacturer Heart Aerospace to define the power distribution system for Heart's ES-30 regional electric aircraft.
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