There has been a significant rise in the interferences among hostile nations, which results in a growing interest and escalating demand for advanced security systems. Due to increasing military budget inflows across the globe and growing conflicts among various countries, the demand for more robust positioning, navigation, and cybersecurity solutions are in substantial demand.
The threats to civilian and military assets are accelerating in diversity, ferocity, and volume every day. Thus, the militaries of various countries require the need of advanced security systems that can adapt to a changing landscape and help in crucial missions. Manufacturers are also focusing on developing wide range of defense electronics along with cybersecurity software that are upgradeable, durable, and reliable to thrive in the digital age and have the ability to neutralize and detect threats that have not been imagined yet.
Methodical analysis of the core and adjacent markets as well as the industry changes, to critically assess business dynamics of the defense electronics security and cybersecurity markets in scope, including the drivers, challenges, and opportunities for various players. Analysis of the impact of developments and initiatives made by governments as well as corporate stakeholders that influence the business environment for both the market participants as well as the customers. Examination of competitors’ strategies and their recent developments to effectively assess market movements at each level of the supply chain. Value chain analysis to guide the reader to identify the key stakeholders in the defense electronics security and cybersecurity market.
The defense electronics security and cybersecurity industry analysis by BIS Research projects the market to grow at a significant CAGR of 9.65% on the basis of value during the forecast period from 2020 to 2025. North America dominated the global defense electronics security and cybersecurity market in 2019. Europe, including the major countries such as Russia, the U.K., Germany, and France is also the most prominent region for the defense electronics security and cybersecurity market. In Europe, Russia acquired a major market share in 2020 due to well-developed cybersecurity infrastructure with advanced security solutions.
The threats to civilian and military assets are accelerating in diversity, ferocity, and volume every day. Thus, the militaries of various countries require the need for advanced security systems, which can adapt to a changing landscape and help in crucial missions. Manufacturers are also focusing on developing a wide range of defense electronics along with cybersecurity software that are upgradeable, durable, and reliable to thrive in the digital age and have the ability to neutralize and detect threats that have not been imagined yet.
BAE Systems is a U.K.-based defense equipment manufacturer that was established in 1999. BAE Systems also offers cybersecurity solutions to various countries, to lower the number of cybercrimes. The company has five major business segments, namely cyber and intelligence, electronic system, platform, and services (U.S.), air, and maritime. The U.S. military is the leading contributor to the company’s revenue. Lockheed Martin, General Dynamics, Northrop Grumman Corporation, and Thales are the leading competitors.
BAE Systems develops and designs air defense radar system Commander SL tactical air defense long-range radar. The U.K. Royal Air force has deployed Commander SL radar in Afghanistan and Iraq to support integrated control & command of air defense forces.
Key Companies in the Defense Electronics Security and Cybersecurity Market
The key market players in the defense electronics security and cybersecurity market include BAE Systems, Northrop Grumman Corporation, Raytheon Technologies Corporation, L3 Harris Corporation, Honeywell Security, Thales Group, Lockheed Martin Corporation, IBM Corporation, Cisco Systems, Symantec Corporation, DXC Technology, Booz Allen Hamilton, Intel Corporation, Airbus S.A.S, and Boeing, among others.
Major cybersecurity solution provider companies for defense around the globe are headquartered in north america region, leading to high revenue generation in North America. However, the presence of major players and intense competition among them makes North America the most technologically advanced region.
The U.S. is a prominent country in North America that is actively looking to modernize/upgrade the cybersecurity software with cutting edge technology, and this, in turn, provides defense electronics security and cybersecurity solution providers with new revenue streams over the next decade. Also, there are some standards provided by the National Institute of Standards and Technology (NIST) that enhances the quality of the cybersecurity products and services provided by the solution providers.
Key Questions Answered in this Report:
• What are the key drivers, challenges, and opportunities for the defense electronics security and cybersecurity market?
• What are the key market trends and developments in the defense electronics security and cybersecurity market?
• Who are the key players in the defense electronics security and cybersecurity market?
• What are the key developmental strategies implemented by the key players to sustain in the competitive market?
• What is the competitive strength of the key leading players in the defense electronics security and cybersecurity market?
• What different technology patents have been filed in the defense electronics security and cybersecurity market?
• What are the important defense electronics security and cybersecurity solutions and services with their market statistics?
• What are the major ongoing defense programs that are expected to lead to an increase in the adoption of defense electronics security and cybersecurity solutions and services in the upcoming years?
• How is COVID-19 expected to affect the defense electronics security and cybersecurity market in the foreseen future (2020-2025)?
• Which region is expected to lead the defense electronics security and cybersecurity market by the end of the forecast period?
• How is the role of defense agencies regarding cybersecurity issues and safety changing the landscape of the defense electronics security and cybersecurity industry?
• How is the industry expected to evolve during the forecast period 2020-2025?
• Which deployment mode is expected to dominate the defense electronics security and cybersecurity market in the coming years?
• What is the total revenue generated in the global defense electronics security and cybersecurity market by security type in 2019, and what are the estimates by 2025?
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