Defense Electronics Market size was valued at USD 200 Bn. in 2023 and the total revenue is expected to grow at a CAGR of 5.3 % from 2024 to 2030, reaching nearly USD 287.10 Bn.Defense Electronics Market Overview
Defense Electronics refers to electronic components and systems designed for technological superiority in national defense. As per the research, the market has experienced significant growth due to several factors such as the increasing advancements in communication systems that offer improved data transmission, encryption, and anti-jamming capabilities. In the Defense Electronics Industry, Lockheed Martin Corporation is one of the largest players. The Defense Electronics Market report includes a detailed analysis of the market size, share with the region-wise and segment-wise market dynamics including growth drivers, major restraints, new opportunities and upcoming challenges.To know about the Research Methodology :- Request Free Sample Report
Defense Electronics Market Dynamics
Increasing Defense Budgets across the World The allocation of funds to defense spending impacts directly the development of defense electronics technologies. Building and maintaining national security requires large budgets. Governments are increasingly investing in research and development related to defense electronics, which has enabled the exploration of new technologies, innovative solutions and cutting-edge capabilities. These are developing the defense electronics sector by including the acquisition of sophisticated radar systems, unmanned platforms, communication networks, cybersecurity solutions and electronic warfare equipment. Cyber threats are continuously evolving for which defense budgets are playing an important role in financing cybersecurity initiatives. In the past few years, higher defense spending has fostered a healthy and dynamic defense electronics market by attracting investments, encouraging innovation and supporting skilled workforce development.Increasing Artificial Intelligence (AI) Investment Activities Militaries across the world are increasingly treating AI as a technology that is central to their long-term strategies and planning. One of the most significant paths of integration of emerging technologies such as AI-enabled technology into defense systems and platforms is through the largest defense companies. With tech giants like Amazon and Google at the forefront of AI innovation, major defense companies are pressed to step up their innovation-related activities to keep pace with the larger commercial market. The AI investment activities in the defense electronics market typically focus on autonomous systems, cybersecurity, data analysis and intelligence, training and simulation, predictive maintenance and communication and networking. AI's role in cybersecurity is important as it helps identify and counter cyber threats, detect anomalies and protect defense infrastructure from attacks.AI algorithms efficiently analyze massive amounts of data to extract valuable insights, helping defense agencies make informed decisions and anticipate potential threats. These are the main factors due to which the demand for AI in the defense electronics sector is increasing resulting to an increase in AI investment activities. China and Russia are making significant investments in AI for national security purposes while the Department of Defense (DOD) is investing billions of dollars to develop and integrate AI into defense systems. In recent years, DOD increased investments, reflecting the growing importance of AI. For example, the latest budget request included USD 130.1 billion for R&D in recognition of the need to sharpen readiness in advanced technology including artificial intelligence. Effects of Geopolitical Uncertainties on the Defense Electronics Industry Geopolitical uncertainties directly affect defense spending, international trade and technology transfer. They strain international collaboration defense projects. Diverging national interests and concerns over the sharing of technology creates various challenges for multinational defense initiatives. The trade disputes and political sanctions can disrupt the global supply chain for defense electronics components and materials. The reliance on suppliers that are involved in geopolitical conflicts leads to potential supply shortages and higher shortages.
Defense Electronics Market Regional Insights
North America leads the defense electronics market due to its substantial defense spending, advanced technological base, and robust industrial capabilities. The region's dominance is supported by strategic investments in research and development, ensuring that its defense systems remain operationally effective and technologically advanced. This leadership is crucial in maintaining global stability and protecting national security interests amid increasing geopolitical complexities. The focus on innovative obsolescence management strategies further strengthens North America's position in the market. Defense contractors, IT companies, and academic institutions can form strategic alliances to further speed up innovation and create state-of-the-art defense electronics solutions. These partnerships frequently provide cutting-edge goods that are suited to certain defense requirements. During the forecast period, Asia Pacific is expected to grow at the fast rate in the global defense electronics market. Because this region has invested in the development of modern technologies and the procurement of new platforms, the Asia Pacific region provides significant opportunities for defense electronics manufacturers. Asian businesses are putting a high priority on and investigating cutting edge technologies, such as big data, robots, digital ledger technologies, artificial intelligence, machine learning, and cryptography. These technologies have the power to completely transform society and the global economy. The epidemic showed how quickly technology is developing.Europe has a diverse Defense Electronics Market with contributions from both established defense companies and innovative startups. The proliferation of commercial drones has raised security concerns, which has led to the development of counter-unmanned aerial vehicle (UAV) systems in the regional market. The counties in the region are highly investing in electronic warfare systems, including electronic countermeasures and electronic attack technologies.
Defense Electronics Market Segment Analysis
Based on Vertical, the market is divided into Navigation, Communication, Display, C4ISR, Electronic Warfare, Radar and Optronics. The Communication segment held the largest Defense Electronics Market share in 2023. This is because communication systems are essential for facilitating real-time information exchange between military personnel and units, which includes radio communication, satellite communication, and secure data networks. The Radar segment is expected to grow rapidly during the forecast period. The segment also held a major share of the global market as it is crucial for raising awareness about the situation and self-defense.Based on Component, the defense electronics market is segmented into hardware and software. The hardware segment marks highest market share in 2023. The hardware segment includes various equipment & systems that are important to the development & operation of electrical defense. In addition, the Electronic Warfare (EW) used for defense, electronic surveillance, and electronic evaluation includes hardware such as electronic warfare receivers, jammers, Radar Warning Receivers (RWR), and Electromagnetic Radiation Monitoring (ESM). These hardware components facilitate the development of advanced defense systems and enable capabilities, such as communications, surveillance, detection, routing, and control that are respected in national defense operations. Furthermore, with the increasing reliance on communications and communication security systems, cyber security has become a major concern. The hardware system is propelled by the need for hardware security and strong encryption systems that protect systems from cyber threats and ensure data integrity.
Defense Electronics Market Competitive Landscape
This section of the report provides a detailed analysis of the defense electronics key competitors and information provided by the competitors. The investments by key competitors in research and development with their revenue, sales, production capacities and company overview are all included in the report. SWOT analysis was used to provide the strengths and weaknesses of the key players in the defense electronics industry. On 8 June 2023, Mitsubishi Electric Corporation introduced its gallium nitride (GaN) power amplifier that achieves a frequency range of 3400MHz using a single amplifier, which can be used for 4G, 5G and beyond 5G/6G communication systems operating at different frequencies in a single base station.The amplifier is expected to enable the radio unit to be shared for different communication systems and lead to more power-efficient base stations.In May 2023, General Dynamics Electric Boat, a business unit of General Dynamics was awarded USD 1.076 billion contract modification from the U.S. Navy to provide long-lead-time material and advanced construction for Virginia-class fast-attack submarines.In March 2022, LeonardoS.p.A planned to invest 1 billion euros in Italy over five years to develop new products, modernize its factories and strengthen its supply chain in defense electronics.Defense Electronics Industry Ecosystem
Defense Electronics Market Scope: Inquire before buying
Defense Electronics Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: USD 200 Bn Forecast Period 2024 to 2030 CAGR: 5.3% Market Size in 2030: USD 287.10 Bn Segments Covered: by Vertical Navigation Communication Display C4ISR Electronic Warfare Radar Optronics by Component Hardware Software by System Airborne Marine Land Space Defense Electronics Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Defense Electronics Key Players
1. Lockheed Martin Corporation(US) 2. Northrop Grumman Corporation (US) 3. Raytheon Technologies Corporation (US) 4. Thales Group (France) 5. BAE Systems plc (UK) 6. General Dynamics Corporation (US)usd 39407 mil 7. Saab AB (Sweden) 8. L3Harris Technologies, Inc. (US) 9. Leonardo S.p.A. (Italy) 10. Rheinmetall AG (Germany) 11. Elbit Systems Ltd. (Israel) 12. Hensoldt AG (Germany) 13. Hanwha Corporation (South Korea) 14. Mitsubishi Electric Corporation (Japan) 15. IndraSistemas S.A. (Spain) 16. Israel Aerospace Industries Ltd. (Israel) 17. Rafael Advanced Defense Systems Ltd. (Israel) 18. CACI International Inc. (US) 19. QinetiQ Group plc (UK)Frequently Asked Questions
1] What is the expected CAGR of the Global Defense Electronics Market during the forecast period? Ans. During the forecast period, the Global Defense Electronics Market is expected to grow at a CAGR of 5.3 %. 2] What was the Defense Electronics Market Size in 2023? Ans. USD 200 Bn was the Defense Electronics Market size in 2023. 3] What is the expected Defense Electronics Market size by 2030? Ans. USD 287.10 Bn is the expected Defense Electronics Market size by 2030. 4] What are the major Defense Electronics Market segments? Ans. The market is divided by Vertical, Component and System. 5] Which regional Defense Electronics Market share is expected to grow at a high rate during the forecast period? Ans. The Defense Electronics Market share of North America is expected to grow at a high rate during the forecast period.
1. Defense Electronics Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Global Defense Electronics Market: Competitive Landscape 2.1. MMR Competition Matrix 2.2. Competitive Landscape 2.3. Market share analysis of major players 2.4. Products specific analysis 2.4.1. Main suppliers and their market positioning 2.4.2. Key customers and adoption rates across different sectors 2.5. Key Players Benchmarking 2.5.1. Company Name 2.5.2. Vertical Segment 2.5.3. End-user Segment 2.5.4. Revenue (2023) 2.5.5. Key Development 2.5.6. Geographic distribution of major customers 2.6. Market Structure 2.6.1. Market Leaders 2.6.2. Market Followers 2.6.3. Emerging Players 2.7. Mergers and Acquisitions Details 3. Defense Electronics Market: Dynamics 3.1. Defense Electronics Market Trends 3.2. Defense Electronics Market Dynamics 3.2.1. Drivers 3.2.2. Restraints 3.2.3. Opportunities 3.2.4. Challenges 3.3. Trends and disruptions impacting Business 3.3.1. Revenue shift and new revenue pockets for defense electronic products 3.3.2. Revenue shift in Defense Electronics market 3.4. Ecosystem Analysis 3.4.1. Radar systems 3.4.2. Communication systems 3.4.3. Electronic warfare systems 3.4.4. Unmanned systems 3.5. Technology analysis 3.5.1. Development of electronically scanned array 3.5.2. 3D printing 3.5.3. Hyperspectral and multispectral imaging 3.5.4. Enhanced vision system 3.6. Recession impact analysis 3.6.1. Uncertainty analysis 3.6.2. Factors impacting defense electronics market 3.7. Value Chain Analysis 3.8. Key stakeholders in buying criteria 3.8.1. Key stakeholders in buying process 3.8.2. Buying criteria 3.9. PORTER’s Five Forces Analysis 3.9.1. Intensity of the Rivalry 3.9.2. Threat of New Entrants 3.9.3. Bargaining Power of Suppliers 3.9.4. Bargaining Power of Buyers 3.9.5. Threat of Substitutes 3.10. Regulatory Landscape by Region 3.10.1. North America 3.10.2. Europe 3.10.3. Asia Pacific 3.10.4. South America 3.10.5. MEA 4. Defense Electronics Market: Global Market Size and Forecast by Segmentation (by Value in USD Mn) (2023-2030) 4.1. Defense Electronics Market Size and Forecast, by Vertical (2023-2030) 4.1.1. Navigation 4.1.2. Communication 4.1.3. Display 4.1.4. C4ISR 4.1.5. Electronic Warfare 4.1.6. Radar 4.1.7. Optronics 4.2. Defense Electronics Market Size and Forecast, by Component (2023-2030) 4.2.1. Hardware 4.2.2. Software 4.3. Defense Electronics Market Size and Forecast, by System (2023-2030) 4.3.1. Airborne 4.3.2. Marine 4.3.3. Land 4.3.4. Space 5. North America Defense Electronics Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 5.1. North America Defense Electronics Market Size and Forecast, by Vertical (2023-2030) 5.1.1. Navigation 5.1.2. Communication 5.1.3. Display 5.1.4. C4ISR 5.1.5. Electronic Warfare 5.1.6. Radar 5.1.7. Optronics 5.2. North America Defense Electronics Market Size and Forecast, by Component (2023-2030) 5.2.1. Hardware 5.2.2. Software 5.3. North America Defense Electronics Market Size and Forecast, by System (2023-2030) 5.3.1. Airborne 5.3.2. Marine 5.3.3. Land 5.3.4. Space 5.4. North America Defense Electronics Market Size and Forecast, by Country (2023-2030) 5.4.1. United States 5.4.1.1. United States Defense Electronics Market Size and Forecast, by Vertical (2023-2030) 5.4.1.1.1. Navigation 5.4.1.1.2. Communication 5.4.1.1.3. Display 5.4.1.1.4. C4ISR 5.4.1.1.5. Electronic Warfare 5.4.1.1.6. Radar 5.4.1.1.7. Optronics 5.4.1.2. United States Defense Electronics Market Size and Forecast, by Component (2023-2030) 5.4.1.2.1. Hardware 5.4.1.2.2. Software 5.4.1.3. United States Defense Electronics Market Size and Forecast, by System (2023-2030) 5.4.1.3.1. Airborne 5.4.1.3.2. Marine 5.4.1.3.3. Land 5.4.1.3.4. Space 5.4.2. Canada 5.4.2.1. Canada Defense Electronics Market Size and Forecast, by Vertical (2023-2030) 5.4.2.1.1. Navigation 5.4.2.1.2. Communication 5.4.2.1.3. Display 5.4.2.1.4. C4ISR 5.4.2.1.5. Electronic Warfare 5.4.2.1.6. Radar 5.4.2.1.7. Optronics 5.4.2.2. Canada Defense Electronics Market Size and Forecast, by Component (2023-2030) 5.4.2.2.1. Hardware 5.4.2.2.2. Software 5.4.2.3. Canada Defense Electronics Market Size and Forecast, by System (2023-2030) 5.4.2.3.1. Airborne 5.4.2.3.2. Marine 5.4.2.3.3. Land 5.4.2.3.4. Space 5.4.3. Mexico 5.4.3.1. Mexico Defense Electronics Market Size and Forecast, by Vertical (2023-2030) 5.4.3.1.1. Navigation 5.4.3.1.2. Communication 5.4.3.1.3. Display 5.4.3.1.4. C4ISR 5.4.3.1.5. Electronic Warfare 5.4.3.1.6. Radar 5.4.3.1.7. Optronics 5.4.3.2. Mexico Defense Electronics Market Size and Forecast, by Component (2023-2030) 5.4.3.2.1. Hardware 5.4.3.2.2. Software 5.4.3.3. Mexico Defense Electronics Market Size and Forecast, by System (2023-2030) 5.4.3.3.1. Airborne 5.4.3.3.2. Marine 5.4.3.3.3. Land 5.4.3.3.4. Space 6. Europe Defense Electronics Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 6.1. Europe Defense Electronics Market Size and Forecast, by Vertical (2023-2030) 6.2. Europe Defense Electronics Market Size and Forecast, by Component (2023-2030) 6.3. Europe Defense Electronics Market Size and Forecast, by System (2023-2030) 6.4. Europe Defense Electronics Market Size and Forecast, by Country (2023-2030) 6.4.1. United Kingdom 6.4.1.1. United Kingdom Defense Electronics Market Size and Forecast, by Vertical (2023-2030) 6.4.1.2. United Kingdom Defense Electronics Market Size and Forecast, by Component (2023-2030) 6.4.1.3. United Kingdom Defense Electronics Market Size and Forecast, by System (2023-2030) 6.4.2. France 6.4.2.1. France Defense Electronics Market Size and Forecast, by Vertical (2023-2030) 6.4.2.2. France Defense Electronics Market Size and Forecast, by Component (2023-2030) 6.4.2.3. France Defense Electronics Market Size and Forecast, by System (2023-2030) 6.4.3. Germany 6.4.3.1. Germany Defense Electronics Market Size and Forecast, by Vertical (2023-2030) 6.4.3.2. Germany Defense Electronics Market Size and Forecast, by Component (2023-2030) 6.4.3.3. Germany Defense Electronics Market Size and Forecast, by System (2023-2030) 6.4.4. Italy 6.4.4.1. Italy Defense Electronics Market Size and Forecast, by Vertical (2023-2030) 6.4.4.2. Italy Defense Electronics Market Size and Forecast, by Component (2023-2030) 6.4.4.3. Italy Defense Electronics Market Size and Forecast, by System (2023-2030) 6.4.5. Spain 6.4.5.1. Spain Defense Electronics Market Size and Forecast, by Vertical (2023-2030) 6.4.5.2. Spain Defense Electronics Market Size and Forecast, by Component (2023-2030) 6.4.5.3. Spain Defense Electronics Market Size and Forecast, by System (2023-2030) 6.4.6. Sweden 6.4.6.1. Sweden Defense Electronics Market Size and Forecast, by Vertical (2023-2030) 6.4.6.2. Sweden Defense Electronics Market Size and Forecast, by Component (2023-2030) 6.4.6.3. Sweden Defense Electronics Market Size and Forecast, by System (2023-2030) 6.4.7. Austria 6.4.7.1. Austria Defense Electronics Market Size and Forecast, by Vertical (2023-2030) 6.4.7.2. Austria Defense Electronics Market Size and Forecast, by Component (2023-2030) 6.4.7.3. Austria Defense Electronics Market Size and Forecast, by System (2023-2030) 6.4.8. Rest of Europe 6.4.8.1. Rest of Europe Defense Electronics Market Size and Forecast, by Vertical (2023-2030) 6.4.8.2. Rest of Europe Defense Electronics Market Size and Forecast, by Component (2023-2030) 6.4.8.3. Rest of Europe Defense Electronics Market Size and Forecast, by System (2023-2030) 7. Asia Pacific Defense Electronics Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 7.1. Asia Pacific Defense Electronics Market Size and Forecast, by Vertical (2023-2030) 7.2. Asia Pacific Defense Electronics Market Size and Forecast, by Component (2023-2030) 7.3. Asia Pacific Defense Electronics Market Size and Forecast, by System (2023-2030) 7.4. Asia Pacific Defense Electronics Market Size and Forecast, by Country (2023-2030) 7.4.1. China 7.4.1.1. China Defense Electronics Market Size and Forecast, by Vertical (2023-2030) 7.4.1.2. China Defense Electronics Market Size and Forecast, by Component (2023-2030) 7.4.1.3. China Defense Electronics Market Size and Forecast, by System (2023-2030) 7.4.2. S Korea 7.4.2.1. S Korea Defense Electronics Market Size and Forecast, by Vertical (2023-2030) 7.4.2.2. S Korea Defense Electronics Market Size and Forecast, by Component (2023-2030) 7.4.2.3. S Korea Defense Electronics Market Size and Forecast, by System (2023-2030) 7.4.3. Japan 7.4.3.1. Japan Defense Electronics Market Size and Forecast, by Vertical (2023-2030) 7.4.3.2. Japan Defense Electronics Market Size and Forecast, by Component (2023-2030) 7.4.3.3. Japan Defense Electronics Market Size and Forecast, by System (2023-2030) 7.4.4. India 7.4.4.1. India Defense Electronics Market Size and Forecast, by Vertical (2023-2030) 7.4.4.2. India Defense Electronics Market Size and Forecast, by Component (2023-2030) 7.4.4.3. India Defense Electronics Market Size and Forecast, by System (2023-2030) 7.4.5. Australia 7.4.5.1. Australia Defense Electronics Market Size and Forecast, by Vertical (2023-2030) 7.4.5.2. Australia Defense Electronics Market Size and Forecast, by Component (2023-2030) 7.4.5.3. Australia Defense Electronics Market Size and Forecast, by System (2023-2030) 7.4.6. ASIAN 7.4.6.1. ASIAN Defense Electronics Market Size and Forecast, by Vertical (2023-2030) 7.4.6.2. ASIAN Defense Electronics Market Size and Forecast, by Component (2023-2030) 7.4.6.3. ASIAN Defense Electronics Market Size and Forecast, by System (2023-2030) 7.4.7. Rest of Asia Pacific 7.4.7.1. Rest of Asia Pacific Defense Electronics Market Size and Forecast, by Vertical (2023-2030) 7.4.7.2. Rest of Asia Pacific Defense Electronics Market Size and Forecast, by Component (2023-2030) 7.4.7.3. Rest of Asia Pacific Defense Electronics Market Size and Forecast, by System (2023-2030) 8. Middle East and Africa Defense Electronics Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 8.1. Middle East and Africa Defense Electronics Market Size and Forecast, by Vertical (2023-2030) 8.2. Middle East and Africa Defense Electronics Market Size and Forecast, by Component (2023-2030) 8.3. Middle East and Africa Defense Electronics Market Size and Forecast, by System (2023-2030) 8.4. Middle East and Africa Defense Electronics Market Size and Forecast, by Country (2023-2030) 8.4.1. South Africa 8.4.1.1. South Africa Defense Electronics Market Size and Forecast, by Vertical (2023-2030) 8.4.1.2. South Africa Defense Electronics Market Size and Forecast, by Component (2023-2030) 8.4.1.3. South Africa Defense Electronics Market Size and Forecast, by System (2023-2030) 8.4.2. S GCC 8.4.2.1. GCC Defense Electronics Market Size and Forecast, by Vertical (2023-2030) 8.4.2.2. GCC Defense Electronics Market Size and Forecast, by Component (2023-2030) 8.4.2.3. GCC Defense Electronics Market Size and Forecast, by System (2023-2030) 8.4.3. Egypt 8.4.3.1. Egypt Defense Electronics Market Size and Forecast, by Vertical (2023-2030) 8.4.3.2. Egypt Defense Electronics Market Size and Forecast, by Component (2023-2030) 8.4.3.3. Egypt Defense Electronics Market Size and Forecast, by System (2023-2030) 8.4.4. Nigeria 8.4.4.1. Nigeria Defense Electronics Market Size and Forecast, by Vertical (2023-2030) 8.4.4.2. Nigeria Defense Electronics Market Size and Forecast, by Component (2023-2030) 8.4.4.3. Nigeria Defense Electronics Market Size and Forecast, by System (2023-2030) 8.4.5. Rest of ME &A 8.4.5.1. Rest of ME &A Defense Electronics Market Size and Forecast, by Vertical (2023-2030) 8.4.5.2. Rest of ME &A Defense Electronics Market Size and Forecast, by Component (2023-2030) 8.4.5.3. Rest of ME &A Defense Electronics Market Size and Forecast, by System (2023-2030) 9. South America Defense Electronics Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 9.1. South America Defense Electronics Market Size and Forecast, by Vertical (2023-2030) 9.2. South America Defense Electronics Market Size and Forecast, by Component (2023-2030) 9.3. South America Defense Electronics Market Size and Forecast, by System (2023-2030) 9.4. South America Defense Electronics Market Size and Forecast, by Country (2023-2030) 9.4.1. Brazil 9.4.1.1. Brazil Defense Electronics Market Size and Forecast, by Vertical (2023-2030) 9.4.1.2. Brazil Defense Electronics Market Size and Forecast, by Component (2023-2030) 9.4.1.3. Brazil Defense Electronics Market Size and Forecast, by System (2023-2030) 9.4.2. Argentina 9.4.2.1. Argentina Defense Electronics Market Size and Forecast, by Vertical (2023-2030) 9.4.2.2. Argentina Defense Electronics Market Size and Forecast, by Component (2023-2030) 9.4.2.3. Argentina Defense Electronics Market Size and Forecast, by System (2023-2030) 9.4.3. Rest Of South America 9.4.3.1. Rest of South America Defense Electronics Market Size and Forecast, by Vertical (2023-2030) 9.4.3.2. Rest of South America Defense Electronics Market Size and Forecast, by Component (2023-2030) 9.4.3.3. Rest of South America Defense Electronics Market Size and Forecast, by System (2023-2030) 10. Company Profile: Key Players 10.1. Lockheed Martin Corporation(US) 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.3.1. Total Revenue 10.1.3.2. Segment Revenue 10.1.3.3. Annual Revenue 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Recent Developments 10.2. Northrop Grumman Corporation (US) 10.3. Raytheon Technologies Corporation (US) 10.4. Thales Group (France) 10.5. BAE Systems plc (UK) 10.6. General Dynamics Corporation (US)usd 39407 mil 10.7. Saab AB (Sweden) 10.8. L3Harris Technologies, Inc. (US) 10.9. Leonardo S.p.A. (Italy) 10.10. Rheinmetall AG (Germany) 10.11. Elbit Systems Ltd. (Israel) 10.12. Hensoldt AG (Germany) 10.13. Hanwha Corporation (South Korea) 10.14. Mitsubishi Electric Corporation (Japan) 10.15. IndraSistemas S.A. (Spain) 10.16. Israel Aerospace Industries Ltd. (Israel) 10.17. Rafael Advanced Defense Systems Ltd. (Israel) 10.18. CACI International Inc. (US) 10.19. QinetiQ Group plc (UK) 10.20. Codan Communications 10.21. Norsat International 10.22. Robot Aviation 10.23. RaySat Antenna Systems 10.24. Peraton 10.25. Spectra Group 11. Key Findings and Analyst Recommendations 12. Defense Electronics Market: Research Methodology 12.1. Research Data 12.1.1. Secondary Data 12.1.1.1. Secondary sources 12.1.2. Primary Data 12.1.2.1. Key data from primary sources 12.1.2.2. Breakdown of primaries 12.1.2.3. Key primary sources
