Defense Business and Industry

Defense Electronics Market to Hit USD 266.74 Billion by 2032

The defense electronics market is projected to grow from USD 173.44 billion in 2024 to USD 266.74 billion by 2032, driven by increasing defense acquisitions and technological advancements like AI and quantum computing. Simultaneously, the electronic warfare market is anticipated to reach USD 27.8 billion by 2033, fueled by heightened geopolitical tensions and military modernization efforts, particularly in countries like India. Key trends include the integration of AI in electronic warfare and a shift towards modular, unmanned systems. The combined growth across both sectors underscores the importance of advanced technologies in enhancing national defense capabilities, particularly in the context of evolving security challenges in the Asia-Pacific region.

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