Defense Electronics Market Trends, Application, And Regional Forecast To 2028

May 2, 2023 ⚊ 1 Min read ⚊ Views 62 ⚊ NEWS

The Defense Electronics Market size is projected to grow from USD 220.3 billion in 2023 to USD 289.0 billion by 2028, at a CAGR of 5.6% during the forecast period. The market for defense electronics is driven by various factors, such as growing adoption of integrated defense electronic technologies and development of new-generation air and missile defense systems . However, high investment in defense electronics in early phases and high installation and upgradation costs of avionic products are limiting the overall growth of the market.

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