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.
Global Defense Electrical Systems Market Driver:
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.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Defense Electrical Systems Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2030
- 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
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – 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
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