Defense Electronics Obsolescence Market by System (Communication System; Navigation System; Human Machine Interface; Flight Control System; Targeting System; Electronic Warfare System; and Sensors), Type & Region – Global Forecast 2024 – 2029

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OVERVIEW

The Defense Electronics Obsolescence Market is currently valued at USD 2.5 billion in 2024 and will be growing at a CAGR of 8.2% over the forecast period to reach an estimated USD 3.7 billion in revenue in 2029. The defense electronics obsolescence market is a dynamic sector catering to the evolving needs of military forces worldwide. With technological advancements accelerating at a rapid pace, the lifespan of defense electronics is becoming increasingly shorter, leading to obsolescence challenges. In response, this market specializes in providing solutions to mitigate the risks associated with outdated or unsupported electronic components and systems within defense infrastructure. These solutions encompass a wide range of services, including component redesign, technology refresh, lifecycle management, and obsolescence forecasting. Additionally, the market offers strategic consulting and supply chain management services to ensure continuity and efficiency in defense electronics systems. Amidst the complexities of modern warfare and the criticality of maintaining operational readiness, the defense electronics obsolescence market plays a pivotal role in sustaining the effectiveness and reliability of military capabilities.

Firstly, rapid advancements in technology lead to shorter product lifecycles, rendering existing defense electronics obsolete more quickly. As military systems become increasingly reliant on cutting-edge technologies, the need to address obsolescence issues becomes more urgent. Additionally, geopolitical tensions and evolving security threats drive governments and defense organizations to continuously upgrade and modernize their defense capabilities, further exacerbating obsolescence challenges. Moreover, stringent regulations and standards mandate the use of specific components or technologies, leading to obsolescence concerns when these requirements change. Furthermore, the increasing complexity and interconnectivity of defense systems amplify the ripple effects of obsolescence, necessitating comprehensive solutions to mitigate risks and maintain operational readiness. These drivers collectively underscore the critical importance of the defense electronics obsolescence market in ensuring the effectiveness and reliability of military forces worldwide.

Market Dynamics

Drivers:

Firstly, rapid advancements in technology lead to shorter product lifecycles, rendering existing defense electronics obsolete more quickly. As military systems become increasingly reliant on cutting-edge technologies, the need to address obsolescence issues becomes more urgent. Additionally, geopolitical tensions and evolving security threats drive governments and defense organizations to continuously upgrade and modernize their defense capabilities, further exacerbating obsolescence challenges. Moreover, stringent regulations and standards mandate the use of specific components or technologies, leading to obsolescence concerns when these requirements change. Furthermore, the increasing complexity and interconnectivity of defense systems amplify the ripple effects of obsolescence, necessitating comprehensive solutions to mitigate risks and maintain operational readiness. These drivers collectively underscore the critical importance of the defense electronics obsolescence market in ensuring the effectiveness and reliability of military forces worldwide.

Key Offerings:

The defense electronics obsolescence market offers a comprehensive suite of solutions and services to address the challenges associated with outdated or unsupported electronic components and systems within defense infrastructure. Key offerings include obsolescence management strategies tailored to the specific needs of defense organizations, encompassing proactive planning, risk assessment, and mitigation measures. Additionally, the market provides technology refresh and lifecycle extension services, enabling the seamless integration of newer components and technologies into existing defense systems to enhance performance and longevity. Supply chain management solutions play a crucial role in ensuring the availability of critical components and mitigating supply chain disruptions caused by obsolescence. Moreover, strategic consulting services assist defense organizations in navigating complex regulatory requirements, identifying emerging technologies, and optimizing resource allocation to effectively manage obsolescence risks.

Restraints :

high cost associated with mitigating obsolescence risks, including the expense of redesigning systems, sourcing alternative components, and implementing technology refreshes. Limited budgets and competing priorities within defense organizations often constrain investment in obsolescence management, leading to potential delays or compromises in maintaining system effectiveness. Additionally, the stringent regulatory environment governing defense procurement and technology standards can pose obstacles to timely obsolescence mitigation efforts, particularly when compliance requirements necessitate lengthy approval processes or limit available options for replacement components. Moreover, the global supply chain vulnerabilities, exacerbated by geopolitical tensions and trade disputes, further compound obsolescence challenges by introducing uncertainties and disruptions in the availability of critical components. Addressing these restraints requires a collaborative approach involving industry stakeholders, policymakers, and defense organizations to develop cost-effective solutions that balance budgetary constraints with the imperative of maintaining operational readiness and technological superiority.

Regional Information:

• In North America, particularly in the United States, the defense electronics obsolescence market is buoyed by robust defense spending and a strong emphasis on technological superiority. With the U.S. military constantly striving to maintain its edge in modern warfare, the demand for obsolescence management solutions is high, driven by the need to sustain and upgrade a vast array of sophisticated defense systems. 

• In Europe, defense electronics obsolescence is a pressing issue as well, with NATO members and other European countries facing similar challenges in modernizing aging defense infrastructure while adhering to stringent regulatory frameworks. The region benefits from collaborative initiatives and funding opportunities through organizations like the European Defence Agency (EDA) to address obsolescence risks collectively. 

• In the Asia-Pacific region, rising defense budgets, territorial disputes, and the emergence of new military technologies fuel demand for obsolescence management solutions, particularly in countries like China, India, Japan, and South Korea.

Recent Developments:

• In January 2024, BAE Systems was awarded a contract by the Commonwealth of Australia to upgrade existing Mk 45 Mod 2 naval gun systems on Anzac class frigates with a Common Control System (CCS).

• In October 2023, Collins Aerospace, an Raytheon Technologies Corporation’s business has signed a licensing agreement with South Korean company Hanwha Systems to manufacture airborne tactical radios in South Korea as part of a Second-generation Anti-jam Tactical UHF Radio for NATO waveform (SATURN) upgrade program.

Key Market Players:

BAE Systems, Raytheon Technologies, Lockheed Martin, Northrop Grumman, L3Harris Technologies, Thales Group, Leonardo S.p.A., General Dynamics, Honeywell International, and Saab AB.

Frequently Asked Questions

1) What is the projected market value of the Defense Electronics Obsolescence Market?

– The Defense Electronics Obsolescence Market is expected to reach an estimated value of USD 3.7 billion in revenue by 2029. 

2) What is the estimated CAGR of the Defense Electronics Obsolescence Market over the 2024 to 2029 forecast period?

– The CAGR is estimated to be 8.2% for the Defense Electronics Obsolescence Market over the 2024 to 2029.

3) Who are the key players in the Defense Electronics Obsolescence Market?

– BAE Systems, Raytheon Technologies, Lockheed Martin, Northrop Grumman, L3Harris Technologies, Thales Group, Leonardo S.p.A., General Dynamics, Honeywell International, and Saab AB.

4) What are the drivers for the Defense Electronics Obsolescence Market?

– Rapid technological advancements and geopolitical tensions are causing the obsolescence of defense electronics. The increasing complexity and interconnectivity of defense systems further exacerbate the issue. The increasing need for comprehensive solutions to mitigate risks and maintain operational readiness underscores the critical importance of the defense electronics obsolescence market.

5) What are the restraints and challenges in the Defense Electronics Obsolescence Market?

– Obsolescence risks in defense systems are high due to high costs, limited budgets, competing priorities, regulatory environment, and global supply chain vulnerabilities. Addressing these challenges requires a collaborative approach involving industry stakeholders, policymakers, and defense organizations to develop cost-effective solutions that balance budgetary constraints with operational readiness and technological superiority.

6) What are the key applications and offerings of the Defense Electronics Obsolescence Market?

– The defense electronics obsolescence market provides solutions to address outdated or unsupported electronic components in defense infrastructure. Key offerings include obsolescence management strategies, technology refresh and lifecycle extension services, supply chain management solutions, and strategic consulting services to navigate regulatory requirements and optimize resource allocation.

7) Which region is expected to drive the market for the forecast period?

– North America is expected to have the highest market growth from 2024 to 2029 

Why Choose Us?

Insights into Market Trends: Global Market Studies reports provide valuable insights into market trends, including market size, segmentation, growth drivers, and market dynamics. This information helps clients make strategic decisions, such as product development, market positioning, and marketing strategies.

Competitor Analysis: Our reports provide detailed information about competitors, including their market share, product offerings, pricing, and competitive strategies. This data can be used to inform competitive strategies and to identify opportunities for growth and expansion.

Industry Forecasts: Our reports provide industry forecasts, which will inform your business strategies, such as investment decisions, production planning, and workforce planning. These forecasts can help you to prepare for future trends and to take advantage of growth opportunities.

Access to Industry Experts: Our solutions include contributions from industry experts, including analysts, consultants, and subject matter experts. This access to expert insights can be valuable for you to understand the market.

Time and Cost Savings: Our team at Global Market Studies can save you time and reduce the cost of conducting market research by providing comprehensive and up-to-date information in a single report, avoiding the need for additional market research efforts.

METHODOLOGY

At Global Market Studies, extensive research is done to create reports which have in-depth insights across all aspects of the market such as drivers, opportunities, challenges, restraints, market trends, regional insights, market segmentation, latest developments, key players for the forecast period. Multiple methods are used to derive both qualitative and quantitative information for the report:Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 1

PRIMARY RESEARCH

Through surveys and interviews, primary research is sourced mainly from experts from the core and related industry. It includes distributors, manufacturers, Directors, C-Level Executives and Managers, alliances certification organisations across various segments of the markets value chain. Both the supply-side and demand-side is interviewed.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 2

SECONDARY RESEARCH

Our sources of secondary research include Annual Reports, Journals, Press Releases, Company Websites, Paid Databases and our own Data Repository. They also include, investor presentations, certifies publications and articles by authorised regulatory bodies, trade directories and databases.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 3

MARKET SIZE ESTIMATION

After extensive secondary and primary research, both the Bottom-up and Top-down methods are used to analyse the data. In the Bottom-up Approach, Company revenues across multiple segments are gathered to derive the percentage split per market segment. From this the Segment wise market size is derived to give the Total Market Size. In the Top-down Approach the reverse method is used where the Total Market Size is first derived from primary sources and is split into Market Segment, Regional Split and so on.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 4Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 5

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 6

DATA TRIANGULATION:

All statistics are collected through extensive secondary research and verified by interviews conducted with supply-side and demand-side in the primary research to ensure that both primary and secondary data percentages, statistics and findings corroborate.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 7

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OVERVIEW

The Defense Electronics Obsolescence Market is currently valued at USD 2.5 billion in 2024 and will be growing at a CAGR of 8.2% over the forecast period to reach an estimated USD 3.7 billion in revenue in 2029. The defense electronics obsolescence market is a dynamic sector catering to the evolving needs of military forces worldwide. With technological advancements accelerating at a rapid pace, the lifespan of defense electronics is becoming increasingly shorter, leading to obsolescence challenges. In response, this market specializes in providing solutions to mitigate the risks associated with outdated or unsupported electronic components and systems within defense infrastructure. These solutions encompass a wide range of services, including component redesign, technology refresh, lifecycle management, and obsolescence forecasting. Additionally, the market offers strategic consulting and supply chain management services to ensure continuity and efficiency in defense electronics systems. Amidst the complexities of modern warfare and the criticality of maintaining operational readiness, the defense electronics obsolescence market plays a pivotal role in sustaining the effectiveness and reliability of military capabilities.

Firstly, rapid advancements in technology lead to shorter product lifecycles, rendering existing defense electronics obsolete more quickly. As military systems become increasingly reliant on cutting-edge technologies, the need to address obsolescence issues becomes more urgent. Additionally, geopolitical tensions and evolving security threats drive governments and defense organizations to continuously upgrade and modernize their defense capabilities, further exacerbating obsolescence challenges. Moreover, stringent regulations and standards mandate the use of specific components or technologies, leading to obsolescence concerns when these requirements change. Furthermore, the increasing complexity and interconnectivity of defense systems amplify the ripple effects of obsolescence, necessitating comprehensive solutions to mitigate risks and maintain operational readiness. These drivers collectively underscore the critical importance of the defense electronics obsolescence market in ensuring the effectiveness and reliability of military forces worldwide.

Market Dynamics

Drivers:

Firstly, rapid advancements in technology lead to shorter product lifecycles, rendering existing defense electronics obsolete more quickly. As military systems become increasingly reliant on cutting-edge technologies, the need to address obsolescence issues becomes more urgent. Additionally, geopolitical tensions and evolving security threats drive governments and defense organizations to continuously upgrade and modernize their defense capabilities, further exacerbating obsolescence challenges. Moreover, stringent regulations and standards mandate the use of specific components or technologies, leading to obsolescence concerns when these requirements change. Furthermore, the increasing complexity and interconnectivity of defense systems amplify the ripple effects of obsolescence, necessitating comprehensive solutions to mitigate risks and maintain operational readiness. These drivers collectively underscore the critical importance of the defense electronics obsolescence market in ensuring the effectiveness and reliability of military forces worldwide.

Key Offerings:

The defense electronics obsolescence market offers a comprehensive suite of solutions and services to address the challenges associated with outdated or unsupported electronic components and systems within defense infrastructure. Key offerings include obsolescence management strategies tailored to the specific needs of defense organizations, encompassing proactive planning, risk assessment, and mitigation measures. Additionally, the market provides technology refresh and lifecycle extension services, enabling the seamless integration of newer components and technologies into existing defense systems to enhance performance and longevity. Supply chain management solutions play a crucial role in ensuring the availability of critical components and mitigating supply chain disruptions caused by obsolescence. Moreover, strategic consulting services assist defense organizations in navigating complex regulatory requirements, identifying emerging technologies, and optimizing resource allocation to effectively manage obsolescence risks.

Restraints :

high cost associated with mitigating obsolescence risks, including the expense of redesigning systems, sourcing alternative components, and implementing technology refreshes. Limited budgets and competing priorities within defense organizations often constrain investment in obsolescence management, leading to potential delays or compromises in maintaining system effectiveness. Additionally, the stringent regulatory environment governing defense procurement and technology standards can pose obstacles to timely obsolescence mitigation efforts, particularly when compliance requirements necessitate lengthy approval processes or limit available options for replacement components. Moreover, the global supply chain vulnerabilities, exacerbated by geopolitical tensions and trade disputes, further compound obsolescence challenges by introducing uncertainties and disruptions in the availability of critical components. Addressing these restraints requires a collaborative approach involving industry stakeholders, policymakers, and defense organizations to develop cost-effective solutions that balance budgetary constraints with the imperative of maintaining operational readiness and technological superiority.

Regional Information:

• In North America, particularly in the United States, the defense electronics obsolescence market is buoyed by robust defense spending and a strong emphasis on technological superiority. With the U.S. military constantly striving to maintain its edge in modern warfare, the demand for obsolescence management solutions is high, driven by the need to sustain and upgrade a vast array of sophisticated defense systems. 

• In Europe, defense electronics obsolescence is a pressing issue as well, with NATO members and other European countries facing similar challenges in modernizing aging defense infrastructure while adhering to stringent regulatory frameworks. The region benefits from collaborative initiatives and funding opportunities through organizations like the European Defence Agency (EDA) to address obsolescence risks collectively. 

• In the Asia-Pacific region, rising defense budgets, territorial disputes, and the emergence of new military technologies fuel demand for obsolescence management solutions, particularly in countries like China, India, Japan, and South Korea.

Recent Developments:

• In January 2024, BAE Systems was awarded a contract by the Commonwealth of Australia to upgrade existing Mk 45 Mod 2 naval gun systems on Anzac class frigates with a Common Control System (CCS).

• In October 2023, Collins Aerospace, an Raytheon Technologies Corporation’s business has signed a licensing agreement with South Korean company Hanwha Systems to manufacture airborne tactical radios in South Korea as part of a Second-generation Anti-jam Tactical UHF Radio for NATO waveform (SATURN) upgrade program.

Key Market Players:

BAE Systems, Raytheon Technologies, Lockheed Martin, Northrop Grumman, L3Harris Technologies, Thales Group, Leonardo S.p.A., General Dynamics, Honeywell International, and Saab AB.

Frequently Asked Questions

1) What is the projected market value of the Defense Electronics Obsolescence Market?

– The Defense Electronics Obsolescence Market is expected to reach an estimated value of USD 3.7 billion in revenue by 2029. 

2) What is the estimated CAGR of the Defense Electronics Obsolescence Market over the 2024 to 2029 forecast period?

– The CAGR is estimated to be 8.2% for the Defense Electronics Obsolescence Market over the 2024 to 2029.

3) Who are the key players in the Defense Electronics Obsolescence Market?

– BAE Systems, Raytheon Technologies, Lockheed Martin, Northrop Grumman, L3Harris Technologies, Thales Group, Leonardo S.p.A., General Dynamics, Honeywell International, and Saab AB.

4) What are the drivers for the Defense Electronics Obsolescence Market?

– Rapid technological advancements and geopolitical tensions are causing the obsolescence of defense electronics. The increasing complexity and interconnectivity of defense systems further exacerbate the issue. The increasing need for comprehensive solutions to mitigate risks and maintain operational readiness underscores the critical importance of the defense electronics obsolescence market.

5) What are the restraints and challenges in the Defense Electronics Obsolescence Market?

– Obsolescence risks in defense systems are high due to high costs, limited budgets, competing priorities, regulatory environment, and global supply chain vulnerabilities. Addressing these challenges requires a collaborative approach involving industry stakeholders, policymakers, and defense organizations to develop cost-effective solutions that balance budgetary constraints with operational readiness and technological superiority.

6) What are the key applications and offerings of the Defense Electronics Obsolescence Market?

– The defense electronics obsolescence market provides solutions to address outdated or unsupported electronic components in defense infrastructure. Key offerings include obsolescence management strategies, technology refresh and lifecycle extension services, supply chain management solutions, and strategic consulting services to navigate regulatory requirements and optimize resource allocation.

7) Which region is expected to drive the market for the forecast period?

– North America is expected to have the highest market growth from 2024 to 2029 

Why Choose Us?

Insights into Market Trends: Global Market Studies reports provide valuable insights into market trends, including market size, segmentation, growth drivers, and market dynamics. This information helps clients make strategic decisions, such as product development, market positioning, and marketing strategies.

Competitor Analysis: Our reports provide detailed information about competitors, including their market share, product offerings, pricing, and competitive strategies. This data can be used to inform competitive strategies and to identify opportunities for growth and expansion.

Industry Forecasts: Our reports provide industry forecasts, which will inform your business strategies, such as investment decisions, production planning, and workforce planning. These forecasts can help you to prepare for future trends and to take advantage of growth opportunities.

Access to Industry Experts: Our solutions include contributions from industry experts, including analysts, consultants, and subject matter experts. This access to expert insights can be valuable for you to understand the market.

Time and Cost Savings: Our team at Global Market Studies can save you time and reduce the cost of conducting market research by providing comprehensive and up-to-date information in a single report, avoiding the need for additional market research efforts.

METHODOLOGY

At Global Market Studies, extensive research is done to create reports which have in-depth insights across all aspects of the market such as drivers, opportunities, challenges, restraints, market trends, regional insights, market segmentation, latest developments, key players for the forecast period. Multiple methods are used to derive both qualitative and quantitative information for the report:Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 1

PRIMARY RESEARCH

Through surveys and interviews, primary research is sourced mainly from experts from the core and related industry. It includes distributors, manufacturers, Directors, C-Level Executives and Managers, alliances certification organisations across various segments of the markets value chain. Both the supply-side and demand-side is interviewed.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 2

SECONDARY RESEARCH

Our sources of secondary research include Annual Reports, Journals, Press Releases, Company Websites, Paid Databases and our own Data Repository. They also include, investor presentations, certifies publications and articles by authorised regulatory bodies, trade directories and databases.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 3

MARKET SIZE ESTIMATION

After extensive secondary and primary research, both the Bottom-up and Top-down methods are used to analyse the data. In the Bottom-up Approach, Company revenues across multiple segments are gathered to derive the percentage split per market segment. From this the Segment wise market size is derived to give the Total Market Size. In the Top-down Approach the reverse method is used where the Total Market Size is first derived from primary sources and is split into Market Segment, Regional Split and so on.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 4Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 5

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 6

DATA TRIANGULATION:

All statistics are collected through extensive secondary research and verified by interviews conducted with supply-side and demand-side in the primary research to ensure that both primary and secondary data percentages, statistics and findings corroborate.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 7

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