According to the research report titled ‘Global Defense Electronics Market: Analysis By Domain (Air, Maritime, Land, Space, SERVICES), Application, By Region, By Country (2020 Edition): Market Insights, Covid-19 Impact, Competition and Forecast (2020-2025)’, available with MarketStudyReport, global defense electronics market was worth USD 111.18 billion in the year 2019 and is anticipated to record considerable gains during the forecast timespan of 2020-2025.
 

Stringent regulatory standards, favorable government policies on national security, and increasing government spending on R&D activities are primarily facilitating global defense electronics market expansion. Moreover, increasing military spending and geopolitical tensions among countries are expected to boost the industry demand in the ensuing years.
 

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Notably, most countries are now concentrating their efforts on acquiring anti-aircraft and missile defense systems in order to strengthen their border defenses and prepare for the growing threat of nuclear weapons around the world.
 

Moreover, shift towards advanced active electronically scanned array radars due to ongoing evolution electronic and cyber battlefields are pushing the market forward, claims the study.
 

The industry is segmented into domain (air, land, space, maritime, services) and application (acoustic, avionics, C2/BM, optronic, communication, radar, EW). From the regional perspective, as per the report, the market size spans across Americas (U.S., Brazil, Mexico), Europe (Germany, Italy), and Asia Pacific (Japan, India, China).
 

Experts cite that defense electronics market in Asia-Pacific market is highly fragmented due to high concentration of suppliers which provide varieties of equipment, including training systems, C4ISR systems, smart weapons, unmanned systems, and missile defense systems. Whereas, arms and ammunition are primarily imported from the United States and Russia, with some smaller countries importing from China.
 

Considering the competitive landscape, Kawasaki Heavy Industries Ltd., Saab AB, Rheinmetall AG, Leonardo SpA, Northrop Grumman Corp., Raytheon Co., Lockheed Martin Corp., Boeing Co., General Dynamics Corp., and Hensoldt AG are the major contenders influencing the industry trends.