Market Overview:

MarkNtel Advisors has released a new report that highlights the strong growth trajectory of the Defense Electrical Systems Market, The Global Defense Electrical Systems Market size is estimated to grow at a CAGR of around 5.2% during the forecast period, i.e., 2024–30. Various factors are attributed to the growth of the market like growth in automobile production, growing focus on lightweight sustainable materials, rising demand for luxury customized interiors, increasing focus on safety standards, and the adoption of Advanced Driver Assistance Systems (ADAS). The report provides valuable insights into the drivers, trends, and challenges shaping the future of the Defense Electrical Systems Market. It offers an in-depth look at the key players, geographical performance, and the segments leading the charge in market share.

Industry Outlook Forecasts:

• Forecast Period: 2024-2030
• CAGR (2024-2030): 5.2%

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Global Defense Electrical Systems Market Segmentation Breakdown:

The Defense Electrical Systems Market 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

The Hardware segment is poised for substantial growth in the Global Defense Electrical Systems Market owing to the surging integration of hardware components such as sensors, communication devices, and weaponry.

• 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

The Aviation segment is anticipated to hold a major share of the Defense Electrical Systems Market during the forecast period, owing to the surging deployment of electrical systems in defense aircraft.

Geographical Growth Insights:

• By Region
  • North America
  • South America
  • Europe
  • The Middle East Africa
  • Asia-Pacific

North America is expected to hold a significant share of the Global Defense Electrical Systems Market owing to the allocation of substantial budgets for research, development, and procurement of advanced defense technologies, including electrical systems.

MarkNtel Advisors Highlights Key Market Drivers for Defense Electrical Systems Market:

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.

A Comprehensive Analysis of Leading Companies in 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.
• Rheinmetall AG
• Safran
• Elbit Systems Ltd.
• Leonardo S.p.A.
• Israel Aerospace Industries (IAI)
• General Dynamics Mission Systems
• Others

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Defense Electrical Systems Market Recent Developments

• 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 Electronicshas announced a partnership with Swedish electric aircraft manufacturer Heart Aerospace to define the power distribution system for Heart's ES-30 regional electric aircraft.

What are the growth Opportunity driving the Global Defense Electrical Systems Market?

Shifting Focus of Defense Organizations towards Electromagnetic Spectrum Operations – Governments worldwide are actively spearheading Electromagnetic Spectrum Operations (EMSO) driven by the increasing sophistication of electronic warfare capabilities. The proliferation of advanced sensor technologies and communication systems has intensified competition for spectrum dominance, necessitating the demand for electrical systems. For instance,

• In 2023, the Defense Information Systems Agency (DISA) announced the release of the initial features for the Electromagnetic Battle Management Joint to improve the US military's situational awareness.

Additionally, the rise of cyberattacks electronic espionage underscores the need for robust electromagnetic spectrum management and protection measures. As a result, there is a heightened demand for advanced electrical systems tailored to support EMSO objectives, including electronic warfare systems, radar platforms, and communications infrastructure. Hence, with the shifting focus towards EMSO the demand for sophisticated electronic systems is expected to rise, creating opportunities in the Defense Electrical Systems Market.

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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative quantitative research company, strive to deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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