
Defense Electronics Obsolescence Market by System (Communication System; Navigation System; Human Machine Interface; Flight Control System; Targeting System; Electronic Warfare System; and Sensors), Type & Region - Global Forecast to 2028
Description
Defense Electronics Obsolescence Market by System (Communication System; Navigation System; Human Machine Interface; Flight Control System; Targeting System; Electronic Warfare System; and Sensors), Type & Region - Global Forecast to 2028
The global defense electronics obsolescence market size is projected to grow from USD 2.5 billion in 2023 to USD 3.7 billion by 2028, at a CAGR of 8.2% from 2023 to 2028. Raytheon Technologies Corporation (US), BAE Systems (UK), L3Harris Technologies, Inc. (US), Thales (US) and Elbit Systems Ltd. (Israel) are some of the leading players operating in the Defense electronics obsolescence market.
The defense sector is uniquely positioned at the intersection of innovation and necessity, where the rapid pace of technological advancements serves as both a catalyst for growth and a challenge for lifecycle management. In an era defined by breakthroughs in artificial intelligence, quantum computing, and cyber capabilities, defense electronics systems are under constant pressure to evolve. This relentless progression not only pushes the boundaries of what's possible in warfare and defense strategies but also mandates a rigorous update and replacement cycle for existing systems to prevent obsolescence.
“The communication segment to account for highest growth in the defense electronics obsolescence market during the forecast period.”
The market for defense electronics obsolescence has been divided into six segments: sensors, flight control, electronic warfare, human-machine interface, communication systems, and navigation systems. Rapid technological advancements can lead to the quick obsolescence of communication protocols and standards, necessitating frequent upgrades and equipment replacements to guarantee compatibility and performance. The communication techniques grow increasingly antiquated as a result.
“The airborne segment to account for largest market share in the defense electronics obsolescence market during the forecast period.”
Based on platform, the defense electronics obsolescence market has been segmented into Land, Naval, and Airborne. The Airborne platform will have the largest market share in the market as military aircrafts uses complex electronics like Radars, Communication system, Helmet-Mounted Displays (HMDs), palletized loading systems (PLS) and aerial delivery systems which have high risk of getting obsolete resulting in airborne segment to dominate the market.
“The North America market is projected to lead the market during the forecast period.”
North America takes the lead in this market because of its significant defense spending, innovative technology, and strong industrial foundation. North American corporations are at the forefront of creating sophisticated obsolescence management techniques that are suited to the distinct needs of different platforms, with a particular emphasis on land, naval, and aerial systems. Companies in the North American area foster innovation in obsolescence management, enabling military forces to preserve technological superiority and operational preparedness. They do this by strategically investing in research, development, and collaboration. North America, which leads the defense electronics obsolescence industry, is essential to maintaining stability in an increasingly complex geopolitical environment and defending national security interests.
Raytheon Technologies Corporation (US), BAE Systems (UK), L3Harris Technologies, Inc. (US), Thales (US) and Elbit Systems Ltd. (Israel) are some of the leading players operating in the defense electronics obsolescence market.
Breakdown of primaries
The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
By Company Type: Tier 1–35%; Tier 2–45%; and Tier 3–20%
By Designation: C Level–35%; Directors–25%; and Others–40%
By Region: North America–35%; Europe–25%; Asia Pacific–30%; and Middle East–10%
Research Coverage
The study covers the defense electronics obsolescence market across various segments and subsegments. It aims at estimating the size and growth potential of this market across different segments based on system, platform, type and region. This study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to their solutions and business offerings, recent developments undertaken by them, and key market strategies adopted by them.
Key benefits of buying this report: This report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall defense electronics obsolescence market and its subsegments. The report covers the entire ecosystem of the defense electronics obsolescence market . It will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report will also help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
Analysis of key drivers (Leveraging Rapid Technological Advancements, Adhering to Stringent Regulatory Requirements and Standards, Navigating Supply Chain Disruptions, and Counteracting Evolving Threat Landscapes), restraints (High Costs of System Upgrades and Replacement, Intellectual Property Barriers in Defense Electronics Upgrades), opportunities (Strategic Adaptation through Remanufacturing and Reverse Engineering, , and Embracing Modularity to Future-Proof Defense Electronics), and challenges (Synchronizing System Upgrades and Operational Readiness in Defense Forces) influencing the growth in the market
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the defense electronics obsolescence market.
Market Development: Comprehensive information about lucrative markets – the report analyses the defense electronics obsolescence market across varied regions
Market Diversification: Exhaustive information about new solutions, untapped geographies, recent developments, and investments in defense electronics obsolescence market
Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Raytheon Technologies Corporation (US), BAE Systems (UK), L3Harris Technologies, Inc. (US), Thales (US) and Elbit Systems Ltd. (Israel) among others in the defense electronics obsolescence market.
Table of Contents
230 Pages
- STUDY OBJECTIVES
- MARKET DEFINITION
- STUDY SCOPE
- INCLUSIONS AND EXCLUSIONS
- CURRENCY CONSIDERED
- STAKEHOLDERS
- RESEARCH DATA
- MARKET SIZE ESTIMATION
- FACTOR ANALYSIS
- SELECTION CRITERIA FOR DEFENSE FLEET MANAGEMENT AND MODERNIZATION
- MARKET BREAKDOWN AND DATA TRIANGULATION
- RESEARCH ASSUMPTIONS
- RESEARCH LIMITATIONS
- RISK ANALYSIS
- EXECUTIVE SUMMARY
- ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN DEFENSE ELECTRONICS OBSOLESCENCE MARKET
- DEFENSE ELECTRONICS OBSOLESCENCE MARKET, BY SYSTEM
- DEFENSE ELECTRONICS OBSOLESCENCE MARKET, BY PLATFORM
- INTRODUCTION
- MARKET DYNAMICS
- TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
- VALUE CHAIN ANALYSIS
- PRICING ANALYSIS
- OPERATIONAL DATA
- ECOSYSTEM MAPPING
- TECHNOLOGY ANALYSIS
- TRADE ANALYSIS
- USE CASE ANALYSIS
- KEY CONFERENCES AND EVENTS
- REGULATORY LANDSCAPE
- KEY STAKEHOLDERS AND BUYING CRITERIA
- BUSINESS MODEL OF KEY MARKET PLAYERS
- INTRODUCTION
- TECHNOLOGY TRENDS
- IMPACT OF MEGATRENDS
- SUPPLY CHAIN ANALYSIS
- INNOVATIONS AND PATENT REGISTRATIONS
- TOTAL COST OF OWNERSHIP
- TECHNOLOGY ROADMAP
- INTRODUCTION
- COMMUNICATIONS
- NAVIGATION
- HUMAN MACHINE INTERFACE
- FLIGHT CONTROL
- TARGETING
- ELECTRONIC WARFARE
- SENSOR
- INTRODUCTION
- LAND
- NAVAL
- AIRBORNE
- INTRODUCTION
- LOGISTICS OBSOLESCENCE
- FUNCTIONAL OBSOLESCENCE
- TECHNOLOGY OBSOLESCENCE
- INTRODUCTION
- REGIONAL RECESSION IMPACT ANALYSIS
- NORTH AMERICA
- EUROPE
- ASIA PACIFIC
- MIDDLE EAST
- OVERVIEW
- STRATEGIES ADOPTED BY KEY PLAYERS
- RANKING ANALYSIS
- REVENUE ANALYSIS
- MARKET SHARE ANALYSIS
- COMPANY EVALUATION MATRIX, 2022
- COMPANY FOOTPRINT
- START-UP/SME EVALUATION MATRIX, 2022
- COMPETITIVE SCENARIOS AND TRENDS
- FINANCIAL METRICS AND VALUATION
- INTRODUCTION
- KEY PLAYERS
- OTHER PLAYERS
- DISCUSSION GUIDE
- KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
- CUSTOMIZATION OPTIONS
- RELATED REPORTS
- AUTHOR DETAILS
Pricing
Currency Rates
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