Global Defense Electronics Security and Cybersecurity Market Value to Reach $51.59 Billion by 2025
The defense electronics security and cybersecurity industry analysis 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.