Exploring novel growth opportunities on defence modernization, “Defence Modernization Market Size, Share & Trends Analysis Report by Platform (Aircraft (Manned and Unmanned), Naval Vessels & Submarines, Ground Vehicles & Armored Platforms, Missiles & Launchers, Space Platforms, Fixed and Mobile C4ISR Stations and Others), Technology, Solution Type, Deployment Mode/ Contract Type, Service/ Offering, End User and Geography (North America, Europe, Asia Pacific, Middle East, Africa, and South America) – Global Industry Data, Trends, and Forecasts, 2026–2035” A comprehensive exploration of emerging market pathways in the defence modernization sector uncovers key growth drivers including niche market leadership, technology-enabled distribution, and evolving consumer needs underscoring defence modernization market’s potential to scale globally.
Global Defence Modernization Market Forecast 2035:
According to the report, the global defence modernization market is likely to grow from USD 8.1 Billion in 2025 to USD 16.2 Billion in 2035 at a highest CAGR of 7.1% during the time period. Defence modernization has developed into a robust growth sector globally as a result of growing military budgets, changing geopolitical threats, and quick development in technology. The rise of next-generation systems, such as AI-enabled Command-and-Control (C2) platforms, self-driving vehicles, and precision weaponry, is influencing global defence capabilities.
Additionally, improvements in such fields as cybersecurity, sensor fusion, and unmanned systems are now providing modern defence systems with more connective capabilities and greater efficiency than ever before. Moreover, the rapid and wider adoption of digital twin, predictive analytics, and smart logistics capabilities across military forces has produced further modernization acceleration while substantial government activity and funding for R&D also contributes to market growth.
“Key Driver, Restraint, and Growth Opportunity Shaping the Global Defence Modernization Market”
The advancement of the worldwide defence modernization market can be attributed to the increased adoption of advanced technologies like AI, robotics, and IoT in military operations to improve combat readiness, situational awareness, and mission effectiveness. Increasing geopolitical tensions and modernization efforts are forcing armed forces to apply legacy systems, adopt unmanned vehicles, and build data-led command platforms for operational superiority and real-time decision-making.
The defence modernization market continues to experience challenges related to costs of implementation, complexity of integrating systems, and cyber risk that arise when connecting multiple defence systems and platforms and networks, which can hinder scalability and interoperability of systems, especially in multinational defence partnerships.
Emerging opportunities exist for next generation technologies, for instance, quantum computing, space-based defence systems, and digital twin simulations are anticipated to change the landscape of defence supply chain management, intelligence analysis and battlefield management to enable smarter, faster, and more connected defence ecosystems globally.
Expansion of Global Defence Modernization Market
“Growth, Technological Integration, and Strategic Modernization Driving Forces Behind the Global Defence Modernization Market Expansion”
- The global defence modernization market is experiencing substantial growth fueled by the adoption of advanced technologies, such as artificial intelligence (AI), robotics, cyber defence, and next-generation communication systems. The focus on improved combat readiness, situational awareness, and precision in decision-making is accelerating the adoption of digital command, control, communications, and intelligence (C4I) solutions in land, air, naval, and space.
- A key growth driver is technological convergence, in which AI, autonomous systems, and data analytics collaboratively enhance operations at all levels of national security, reinforcing capabilities. Compared with existing systems of fielded legacy platforms, modern defence systems enable a greater degree of interoperability, resilience, and event detection capabilities so that nations can develop customized and intelligent defence networks to address complex multi-domain warfare.
- These capabilities are further catalyzed by regional dynamics. North America is established as the leader in innovation and procurement due to significant defence budgets and a continued attention to R&D related to cyber warfare, unmanned systems, and digital battlefield technologies. Concurrently, the Asia-Pacific region is a high-growth marketplace in defence modernization market stimulated by increasing regional tensions, rising defence spending, and upward of extensive modernization programs in India, China, Japan, and South Korea.
- Sector-wide adoption trends demonstrate transformative impacts on the pockets of military branches. For the Army and Land Forces, modernization is focused on enhancing armored mobility, upgrade tactical communications, and for improving electronic warfare; Air Force operations focus on AI-surveillance and autonomous flight, and naval forces introduce cyber-secure, network-based platforms for maritime domain awareness. All of these drivers demonstrate a unique case for defence modernization as an underpinning for the technology-led military ecosystem of the future.
Regional Analysis of Global Defence Modernization Market
- The defence modernization market experiences the greatest demand in North America, where prominent defence contractors (e.g., Lockheed Martin, Raytheon Technologies, Northrop Grumman) are at the forefront of realizing innovative AI-enabled innovations in warfare systems and autonomous defence systems/cyber-resilient architectures. The North America region has higher defence budgets, R&D ecosystem capabilities, and ongoing modernization programs driven by the leadership of the U.S. Department of Defence, positioning it as the most innovative region for next-generation defence technologies.
- Europe is the second highest region, driven by opportunities for cross-border defence collaboration initiatives, NATO modernization, and a growing emphasis on digitizing the battlefield with secure communication networks. The defence industry in Europe adopted a stricter regulatory environment that favors sustainable technologies, advanced research and development capabilities, and a strong industrial base that strongholds their momentum toward next-generation intelligent and interoperable defence.
- The Asia-Pacific region is characterized by growth driven by rising defence expenditures, national security tensions, and major modernization programs from developing nations, especially India, China, Japan, and South Korea. The focus of governments is primarily on expanding their national security portfolio that utilizes modern defence capabilities. Moreover, the surge of domestic production of defence capabilities and strategic, intergovernmental partnerships are positioning the Asia-Pacific region as a fast-growing market in global defence modernization.
Prominent players operating in the global defence modernization market include prominent companies such as Airbus Defence and Space, BAE Systems plc, Boeing Defence, Space & Security, Dassault Aviation, Elbit Systems Ltd., General Dynamics Corporation, Honeywell International Inc., Huntington Ingalls Industries, Israel Aerospace Industries (IAI), L3Harris Technologies, Inc., Leonardo S.p.A., Lockheed Martin Corporation, Mitsubishi Heavy Industries Ltd., Northrop Grumman Corporation, Raytheon Technologies Corporation, Rheinmetall AG, Rolls-Royce Holdings plc, Saab AB, Textron Inc., Thales Group, and Other Key Players.
The global defence modernization market has been segmented as follows:
Global Defence Modernization Market Analysis, by Platform
- Aircraft (manned, unmanned)
- Naval Vessels & Submarines
- Ground Vehicles & Armored Platforms
- Missiles & Launchers
- Space Platforms
- Fixed and Mobile C4ISR Stations
- Others
Global Defence Modernization Market Analysis, by Technology
- Artificial Intelligence & Machine Learning
- Robotics & Autonomy
- Sensors & EO/IR/Radar Systems
- Hypersonics
- Quantum Technologies
- Directed Energy Weapons (DEW)
- Advanced Materials & Stealth Technologies
- Others
Global Defence Modernization Market Analysis, by Solution Type
- Systems Integration & Modernization Programs
- New Platform Procurement
- Upgrade & Retrofit Packages
- Simulation, Training & Synthetic Environments
- MRO (Maintenance, Repair & Overhaul) Services
- Others
Global Defence Modernization Market Analysis, by Deployment Mode/ Contract Type
- Government-to-Government (G2G) / Foreign Military Sales
- Prime Contractor / OEM Deliveries
- Defense Offsets & Local Production Partnerships
- Public-Private Partnerships (PPP)
- Others
Global Defence Modernization Market Analysis, by Service/ Offering
- Systems Engineering & Integration
- Cyber Operations & Vulnerability Assessment
- Intelligence & Data Analytics Services
- Training, Simulation & Mission Support
- Logistics, Spare Parts & Sustainment
- Others
Global Defence Modernization Market Analysis, by End User
- Army / Land Forces
- Air Force / Aerospace Commands
- Navy / Marine Forces
- Special Forces & Strategic Commands
- Homeland Security & Border Agencies
- Others
Global Defence Modernization Market Analysis, by Region
About Us
MarketGenics is a global market research and management consulting company empowering decision makers from startups, Fortune 500 companies, non-profit organizations, universities and government institutions. Our main goal is to assist and partner organizations to make lasting strategic improvements and realize growth targets. Our industry research reports are designed to provide granular quantitative information, combined with key industry insights, aimed at assisting sustainable organizational development.
We serve clients on every aspect of strategy, including product development, application modeling, exploring new markets and tapping into niche growth opportunities.
Contact Us
USA Address:
800 N King Street Suite 304 #4208 Wilmington, DE 19801 United States.
+1(302)303-2617
India Address:
3rd floor, Indeco Equinox, Baner Road, Baner, Pune, Maharashtra 411045 India.
Table of Contents
- 1. Research Methodology and Assumptions
- 1.1. Definitions
- 1.2. Research Design and Approach
- 1.3. Data Collection Methods
- 1.4. Base Estimates and Calculations
- 1.5. Forecasting Models
- 1.5.1. Key Forecast Factors & Impact Analysis
- 1.6. Secondary Research
- 1.6.1. Open Sources
- 1.6.2. Paid Databases
- 1.6.3. Associations
- 1.7. Primary Research
- 1.7.1. Primary Sources
- 1.7.2. Primary Interviews with Stakeholders across Ecosystem
- 2. Executive Summary
- 2.1. Global Defence Modernization Market Outlook
- 2.1.1. Global Defence Modernization Market Size (Value - USD Bn), and Forecasts, 2021-2035
- 2.1.2. Compounded Annual Growth Rate Analysis
- 2.1.3. Growth Opportunity Analysis
- 2.1.4. Segmental Share Analysis
- 2.1.5. Geographical Share Analysis
- 2.2. Market Analysis and Facts
- 2.3. Supply-Demand Analysis
- 2.4. Competitive Benchmarking
- 2.5. Go-to- Market Strategy
- 2.5.1. Customer/ End-use Industry Assessment
- 2.5.2. Growth Opportunity Data, 2026-2035
- 2.5.2.1. Regional Data
- 2.5.2.2. Country Data
- 2.5.2.3. Segmental Data
- 2.5.3. Identification of Potential Market Spaces
- 2.5.4. GAP Analysis
- 2.5.5. Potential Attractive Price Points
- 2.5.6. Prevailing Market Risks & Challenges
- 2.5.7. Preferred Sales & Marketing Strategies
- 2.5.8. Key Recommendations and Analysis
- 2.5.9. A Way Forward
- 2.1. Global Defence Modernization Market Outlook
- 3. Industry Data and Premium Insights
- 3.1. Global Information Technology & Media Industry Overview, 2025
- 3.1.1. Information Technology & Media Industry Analysis
- 3.1.2. Key Trends for Information Technology & Media Industry
- 3.1.3. Regional Distribution for Information Technology & Media Industry
- 3.2. Supplier Customer Data
- 3.3. Technology Roadmap and Developments
- 3.4. Raw Material Analysis
- 3.1. Global Information Technology & Media Industry Overview, 2025
- 4. Market Overview
- 4.1. Market Dynamics
- 4.1.1. Drivers
- 4.1.1.1. Integration of AI, robotics, and advanced sensors enhances battlefield awareness and decision-making capabilities
- 4.1.1.2. Increasing government investments and defense budgets accelerate adoption of next-generation military technologies
- 4.1.1.3. Rising geopolitical tensions and cross-border threats drive demand for modernized defense infrastructure and systems
- 4.1.2. Restraints
- 4.1.2.1. Cost, Complexity & Legacy Burdens Limiting Uptake and Widespread Adoption
- 4.1.1. Drivers
- 4.2. Key Trend Analysis
- 4.3. Regulatory Framework
- 4.3.1. Key Regulations, Norms, and Subsidies, by Key Countries
- 4.3.2. Impact Analysis of Regulations on the Market
- 4.4. Value Chain Analysis
- 4.5. Cost Structure Analysis
- 4.5.1. Parameter’s Share for Cost Associated
- 4.5.2. COGP vs COGS
- 4.5.3. Profit Margin Analysis
- 4.6. Pricing Analysis
- 4.6.1. Regional Pricing Analysis
- 4.6.2. Segmental Pricing Trends
- 4.6.3. Factors Influencing Pricing
- 4.7. Porter’s Five Forces Analysis
- 4.8. PESTEL Analysis
- 4.9. Global Defence Modernization Market Demand
- 4.9.1. Historical Market Size - (Value - USD Bn), 2021-2024
- 4.9.2. Current and Future Market Size - (Value - USD Bn), 2026–2035
- 4.9.2.1. Y-o-Y Growth Trends
- 4.9.2.2. Absolute $ Opportunity Assessment
- 4.1. Market Dynamics
- 5. Competition Landscape
- 5.1. Competition structure
- 5.1.1. Fragmented v/s consolidated
- 5.2. Company Share Analysis, 2025
- 5.2.1. Global Company Market Share
- 5.2.2. By Region
- 5.2.2.1. North America
- 5.2.2.2. Europe
- 5.2.2.3. Asia Pacific
- 5.2.2.4. Middle East
- 5.2.2.5. Africa
- 5.2.2.6. South America
- 5.3. Product Comparison Matrix
- 5.3.1. Specifications
- 5.3.2. Market Positioning
- 5.3.3. Pricing
- 5.1. Competition structure
- 6. Global Defence Modernization Market Analysis, by Platform
- 6.1. Key Segment Analysis
- 6.2. Global Defence Modernization Market Size (Value - USD Bn), Analysis, and Forecasts, by Platform, 2021-2035
- 6.2.1. Aircraft (manned, unmanned)
- 6.2.2. Naval Vessels & Submarines
- 6.2.3. Ground Vehicles & Armored Platforms
- 6.2.4. Missiles & Launchers
- 6.2.5. Space Platforms
- 6.2.6. Fixed and Mobile C4ISR Stations
- 6.2.7. Others
- 7. Global Defence Modernization Market Analysis, by Technology
- 7.1. Key Segment Analysis
- 7.2. Global Defence Modernization Market Size (Value - USD Bn), Analysis, and Forecasts, by Technology, 2021-2035
- 7.2.1. Artificial Intelligence & Machine Learning
- 7.2.2. Robotics & Autonomy
- 7.2.3. Sensors & EO/IR/Radar Systems
- 7.2.4. Hypersonics
- 7.2.5. Quantum Technologies
- 7.2.6. Directed Energy Weapons (DEW)
- 7.2.7. Advanced Materials & Stealth Technologies
- 7.2.8. Others
- 8. Global Defence Modernization Market Analysis, by Solution Type
- 8.1. Key Segment Analysis
- 8.2. Global Defence Modernization Market Size (Value - USD Bn), Analysis, and Forecasts, Solution Type, 2021-2035
- 8.2.1. Systems Integration & Modernization Programs
- 8.2.2. New Platform Procurement
- 8.2.3. Upgrade & Retrofit Packages
- 8.2.4. Simulation, Training & Synthetic Environments
- 8.2.5. MRO (Maintenance, Repair & Overhaul) Services
- 8.2.6. Others
- 9. Global Defence Modernization Market Analysis, by Deployment Mode / Contract Type
- 9.1. Key Segment Analysis
- 9.2. Global Defence Modernization Market Size (Value - USD Bn), Analysis, and Forecasts, by Deployment Mode / Contract Type, 2021-2035
- 9.2.1. Government-to-Government (G2G) / Foreign Military Sales
- 9.2.2. Prime Contractor / OEM Deliveries
- 9.2.3. Defense Offsets & Local Production Partnerships
- 9.2.4. Public-Private Partnerships (PPP)
- 9.2.5. Others
- 10. Global Defence Modernization Market Analysis, by Service/ Offering
- 10.1. Key Segment Analysis
- 10.2. Global Defence Modernization Market Size (Value - USD Bn), Analysis, and Forecasts, by Service/ Offering, 2021-2035
- 10.2.1. Systems Engineering & Integration
- 10.2.2. Cyber Operations & Vulnerability Assessment
- 10.2.3. Intelligence & Data Analytics Services
- 10.2.4. Training, Simulation & Mission Support
- 10.2.5. Logistics, Spare Parts & Sustainment
- 10.2.6. Others
- 11. Global Defence Modernization Market Analysis, by End User
- 11.1. Key Segment Analysis
- 11.2. Global Defence Modernization Market Size (Value - USD Bn), Analysis, and Forecasts, by End User, 2021-2035
- 11.2.1. Army / Land Forces
- 11.2.2. Air Force / Aerospace Commands
- 11.2.3. Navy / Marine Forces
- 11.2.4. Special Forces & Strategic Commands
- 11.2.5. Homeland Security & Border Agencies
- 11.2.6. Others
- 12. Global Defence Modernization Market Analysis and Forecasts, by Region
- 12.1. Key Findings
- 12.2. Global Defence Modernization Market Size (Value - USD Bn), Analysis, and Forecasts, by Region, 2021-2035
- 12.2.1. North America
- 12.2.2. Europe
- 12.2.3. Asia Pacific
- 12.2.4. Middle East
- 12.2.5. Africa
- 12.2.6. South America
- 13. North America Defence Modernization Market Analysis
- 13.1. Key Segment Analysis
- 13.2. Regional Snapshot
- 13.3. North America Defence Modernization Market Size (Value - USD Bn), Analysis, and Forecasts, 2021-2035
- 13.3.1. Platform
- 13.3.2. Technology
- 13.3.3. Solution Type
- 13.3.4. Deployment Mode / Contract Type
- 13.3.5. Service/ Offering
- 13.3.6. End User
- 13.3.7. Country
- 13.3.7.1. USA
- 13.3.7.2. Canada
- 13.3.7.3. Mexico
- 13.4. USA Defence Modernization Market
- 13.4.1. Country Segmental Analysis
- 13.4.2. Platform
- 13.4.3. Technology
- 13.4.4. Solution Type
- 13.4.5. Deployment Mode / Contract Type
- 13.4.6. Service/ Offering
- 13.4.7. End User
- 13.5. Canada Defence Modernization Market
- 13.5.1. Country Segmental Analysis
- 13.5.2. Platform
- 13.5.3. Technology
- 13.5.4. Solution Type
- 13.5.5. Deployment Mode / Contract Type
- 13.5.6. Service/ Offering
- 13.5.7. End User
- 13.6. Mexico Defence Modernization Market
- 13.6.1. Country Segmental Analysis
- 13.6.2. Platform
- 13.6.3. Technology
- 13.6.4. Solution Type
- 13.6.5. Deployment Mode / Contract Type
- 13.6.6. Service/ Offering
- 13.6.7. End User
- 14. Europe Defence Modernization Market Analysis
- 14.1. Key Segment Analysis
- 14.2. Regional Snapshot
- 14.3. Europe Defence Modernization Market Size (Value - USD Bn), Analysis, and Forecasts, 2021-2035
- 14.3.1. Platform
- 14.3.2. Technology
- 14.3.3. Solution Type
- 14.3.4. Deployment Mode / Contract Type
- 14.3.5. Service/ Offering
- 14.3.6. End User
- 14.3.7. Country
- 14.3.7.1. Germany
- 14.3.7.2. United Kingdom
- 14.3.7.3. France
- 14.3.7.4. Italy
- 14.3.7.5. Spain
- 14.3.7.6. Netherlands
- 14.3.7.7. Nordic Countries
- 14.3.7.8. Poland
- 14.3.7.9. Russia & CIS
- 14.3.7.10. Rest of Europe
- 14.4. Germany Defence Modernization Market
- 14.4.1. Country Segmental Analysis
- 14.4.2. Platform
- 14.4.3. Technology
- 14.4.4. Solution Type
- 14.4.5. Deployment Mode / Contract Type
- 14.4.6. Service/ Offering
- 14.4.7. End User
- 14.5. United Kingdom Defence Modernization Market
- 14.5.1. Country Segmental Analysis
- 14.5.2. Platform
- 14.5.3. Technology
- 14.5.4. Solution Type
- 14.5.5. Deployment Mode / Contract Type
- 14.5.6. Service/ Offering
- 14.5.7. End User
- 14.6. France Defence Modernization Market
- 14.6.1. Country Segmental Analysis
- 14.6.2. Platform
- 14.6.3. Technology
- 14.6.4. Solution Type
- 14.6.5. Deployment Mode / Contract Type
- 14.6.6. Service/ Offering
- 14.6.7. End User
- 14.7. Italy Defence Modernization Market
- 14.7.1. Country Segmental Analysis
- 14.7.2. Platform
- 14.7.3. Technology
- 14.7.4. Solution Type
- 14.7.5. Deployment Mode / Contract Type
- 14.7.6. Service/ Offering
- 14.7.7. End User
- 14.8. Spain Defence Modernization Market
- 14.8.1. Country Segmental Analysis
- 14.8.2. Platform
- 14.8.3. Technology
- 14.8.4. Solution Type
- 14.8.5. Deployment Mode / Contract Type
- 14.8.6. Service/ Offering
- 14.8.7. End User
- 14.9. Netherlands Defence Modernization Market
- 14.9.1. Country Segmental Analysis
- 14.9.2. Platform
- 14.9.3. Technology
- 14.9.4. Solution Type
- 14.9.5. Deployment Mode / Contract Type
- 14.9.6. Service/ Offering
- 14.9.7. End User
- 14.10. Nordic Countries Defence Modernization Market
- 14.10.1. Country Segmental Analysis
- 14.10.2. Platform
- 14.10.3. Technology
- 14.10.4. Solution Type
- 14.10.5. Deployment Mode / Contract Type
- 14.10.6. Service/ Offering
- 14.10.7. End User
- 14.11. Poland Defence Modernization Market
- 14.11.1. Country Segmental Analysis
- 14.11.2. Platform
- 14.11.3. Technology
- 14.11.4. Solution Type
- 14.11.5. Deployment Mode / Contract Type
- 14.11.6. Service/ Offering
- 14.11.7. End User
- 14.12. Russia & CIS Defence Modernization Market
- 14.12.1. Country Segmental Analysis
- 14.12.2. Platform
- 14.12.3. Technology
- 14.12.4. Solution Type
- 14.12.5. Deployment Mode / Contract Type
- 14.12.6. Service/ Offering
- 14.12.7. End User
- 14.13. Rest of Europe Defence Modernization Market
- 14.13.1. Country Segmental Analysis
- 14.13.2. Platform
- 14.13.3. Technology
- 14.13.4. Solution Type
- 14.13.5. Deployment Mode / Contract Type
- 14.13.6. Service/ Offering
- 14.13.7. End User
- 15. Asia Pacific Defence Modernization Market Analysis
- 15.1. Key Segment Analysis
- 15.2. Regional Snapshot
- 15.3. Asia Pacific Defence Modernization Market Size (Value - USD Bn), Analysis, and Forecasts, 2021-2035
- 15.3.1. Platform
- 15.3.2. Technology
- 15.3.3. Solution Type
- 15.3.4. Deployment Mode / Contract Type
- 15.3.5. Service/ Offering
- 15.3.6. End User
- 15.3.7. Country
- 15.3.7.1. China
- 15.3.7.2. India
- 15.3.7.3. Japan
- 15.3.7.4. South Korea
- 15.3.7.5. Australia and New Zealand
- 15.3.7.6. Indonesia
- 15.3.7.7. Malaysia
- 15.3.7.8. Thailand
- 15.3.7.9. Vietnam
- 15.3.7.10. Rest of Asia-Pacific
- 15.4. China Defence Modernization Market
- 15.4.1. Country Segmental Analysis
- 15.4.2. Platform
- 15.4.3. Technology
- 15.4.4. Solution Type
- 15.4.5. Deployment Mode / Contract Type
- 15.4.6. Service/ Offering
- 15.4.7. End User
- 15.5. India Defence Modernization Market
- 15.5.1. Country Segmental Analysis
- 15.5.2. Platform
- 15.5.3. Technology
- 15.5.4. Solution Type
- 15.5.5. Deployment Mode / Contract Type
- 15.5.6. Service/ Offering
- 15.5.7. End User
- 15.6. Japan Defence Modernization Market
- 15.6.1. Country Segmental Analysis
- 15.6.2. Platform
- 15.6.3. Technology
- 15.6.4. Solution Type
- 15.6.5. Deployment Mode / Contract Type
- 15.6.6. Service/ Offering
- 15.6.7. End User
- 15.7. South Korea Defence Modernization Market
- 15.7.1. Country Segmental Analysis
- 15.7.2. Platform
- 15.7.3. Technology
- 15.7.4. Solution Type
- 15.7.5. Deployment Mode / Contract Type
- 15.7.6. Service/ Offering
- 15.7.7. End User
- 15.8. Australia and New Zealand Defence Modernization Market
- 15.8.1. Country Segmental Analysis
- 15.8.2. Platform
- 15.8.3. Technology
- 15.8.4. Solution Type
- 15.8.5. Deployment Mode / Contract Type
- 15.8.6. Service/ Offering
- 15.8.7. End User
- 15.9. Indonesia Defence Modernization Market
- 15.9.1. Country Segmental Analysis
- 15.9.2. Platform
- 15.9.3. Technology
- 15.9.4. Solution Type
- 15.9.5. Deployment Mode / Contract Type
- 15.9.6. Service/ Offering
- 15.9.7. End User
- 15.10. Malaysia Defence Modernization Market
- 15.10.1. Country Segmental Analysis
- 15.10.2. Platform
- 15.10.3. Technology
- 15.10.4. Solution Type
- 15.10.5. Deployment Mode / Contract Type
- 15.10.6. Service/ Offering
- 15.10.7. End User
- 15.11. Thailand Defence Modernization Market
- 15.11.1. Country Segmental Analysis
- 15.11.2. Platform
- 15.11.3. Technology
- 15.11.4. Solution Type
- 15.11.5. Deployment Mode / Contract Type
- 15.11.6. Service/ Offering
- 15.11.7. End User
- 15.12. Vietnam Defence Modernization Market
- 15.12.1. Country Segmental Analysis
- 15.12.2. Platform
- 15.12.3. Technology
- 15.12.4. Solution Type
- 15.12.5. Deployment Mode / Contract Type
- 15.12.6. Service/ Offering
- 15.12.7. End User
- 15.13. Rest of Asia Pacific Defence Modernization Market
- 15.13.1. Country Segmental Analysis
- 15.13.2. Platform
- 15.13.3. Technology
- 15.13.4. Solution Type
- 15.13.5. Deployment Mode / Contract Type
- 15.13.6. Service/ Offering
- 15.13.7. End User
- 16. Middle East Defence Modernization Market Analysis
- 16.1. Key Segment Analysis
- 16.2. Regional Snapshot
- 16.3. Middle East Defence Modernization Market Size (Value - USD Bn), Analysis, and Forecasts, 2021-2035
- 16.3.1. Platform
- 16.3.2. Technology
- 16.3.3. Solution Type
- 16.3.4. Deployment Mode / Contract Type
- 16.3.5. Service/ Offering
- 16.3.6. End User
- 16.3.7. Country
- 16.3.7.1. Turkey
- 16.3.7.2. UAE
- 16.3.7.3. Saudi Arabia
- 16.3.7.4. Israel
- 16.3.7.5. Rest of Middle East
- 16.4. Turkey Defence Modernization Market
- 16.4.1. Country Segmental Analysis
- 16.4.2. Platform
- 16.4.3. Technology
- 16.4.4. Solution Type
- 16.4.5. Deployment Mode / Contract Type
- 16.4.6. Service/ Offering
- 16.4.7. End User
- 16.5. UAE Defence Modernization Market
- 16.5.1. Country Segmental Analysis
- 16.5.2. Platform
- 16.5.3. Technology
- 16.5.4. Solution Type
- 16.5.5. Deployment Mode / Contract Type
- 16.5.6. Service/ Offering
- 16.5.7. End User
- 16.6. Saudi Arabia Defence Modernization Market
- 16.6.1. Country Segmental Analysis
- 16.6.2. Platform
- 16.6.3. Technology
- 16.6.4. Solution Type
- 16.6.5. Deployment Mode / Contract Type
- 16.6.6. Service/ Offering
- 16.6.7. End User
- 16.7. Israel Defence Modernization Market
- 16.7.1. Country Segmental Analysis
- 16.7.2. Platform
- 16.7.3. Technology
- 16.7.4. Solution Type
- 16.7.5. Deployment Mode / Contract Type
- 16.7.6. Service/ Offering
- 16.7.7. End User
- 16.8. Rest of Middle East Defence Modernization Market
- 16.8.1. Country Segmental Analysis
- 16.8.2. Platform
- 16.8.3. Technology
- 16.8.4. Solution Type
- 16.8.5. Deployment Mode / Contract Type
- 16.8.6. Service/ Offering
- 16.8.7. End User
- 17. Africa Defence Modernization Market Analysis
- 17.1. Key Segment Analysis
- 17.2. Regional Snapshot
- 17.3. Africa Defence Modernization Market Size (Value - USD Bn), Analysis, and Forecasts, 2021-2035
- 17.3.1. Platform
- 17.3.2. Technology
- 17.3.3. Solution Type
- 17.3.4. Deployment Mode / Contract Type
- 17.3.5. Service/ Offering
- 17.3.6. End User
- 17.3.7. Country
- 17.3.7.1. South Africa
- 17.3.7.2. Egypt
- 17.3.7.3. Nigeria
- 17.3.7.4. Algeria
- 17.3.7.5. Rest of Africa
- 17.4. South Africa Defence Modernization Market
- 17.4.1. Country Segmental Analysis
- 17.4.2. Platform
- 17.4.3. Technology
- 17.4.4. Solution Type
- 17.4.5. Deployment Mode / Contract Type
- 17.4.6. Service/ Offering
- 17.4.7. End User
- 17.5. Egypt Defence Modernization Market
- 17.5.1. Country Segmental Analysis
- 17.5.2. Platform
- 17.5.3. Technology
- 17.5.4. Solution Type
- 17.5.5. Deployment Mode / Contract Type
- 17.5.6. Service/ Offering
- 17.5.7. End User
- 17.6. Nigeria Defence Modernization Market
- 17.6.1. Country Segmental Analysis
- 17.6.2. Platform
- 17.6.3. Technology
- 17.6.4. Solution Type
- 17.6.5. Deployment Mode / Contract Type
- 17.6.6. Service/ Offering
- 17.6.7. End User
- 17.7. Algeria Defence Modernization Market
- 17.7.1. Country Segmental Analysis
- 17.7.2. Platform
- 17.7.3. Technology
- 17.7.4. Solution Type
- 17.7.5. Deployment Mode / Contract Type
- 17.7.6. Service/ Offering
- 17.7.7. End User
- 17.8. Rest of Africa Defence Modernization Market
- 17.8.1. Country Segmental Analysis
- 17.8.2. Platform
- 17.8.3. Technology
- 17.8.4. Solution Type
- 17.8.5. Deployment Mode / Contract Type
- 17.8.6. Service/ Offering
- 17.8.7. End User
- 18. South America Defence Modernization Market Analysis
- 18.1. Key Segment Analysis
- 18.2. Regional Snapshot
- 18.3. South America Defence Modernization Market Size (Value - USD Bn), Analysis, and Forecasts, 2021-2035
- 18.3.1. Platform
- 18.3.2. Technology
- 18.3.3. Solution Type
- 18.3.4. Deployment Mode / Contract Type
- 18.3.5. Service/ Offering
- 18.3.6. End User
- 18.3.7. Country
- 18.3.7.1. Brazil
- 18.3.7.2. Argentina
- 18.3.7.3. Rest of South America
- 18.4. Brazil Defence Modernization Market
- 18.4.1. Country Segmental Analysis
- 18.4.2. Platform
- 18.4.3. Technology
- 18.4.4. Solution Type
- 18.4.5. Deployment Mode / Contract Type
- 18.4.6. Service/ Offering
- 18.4.7. End User
- 18.5. Argentina Defence Modernization Market
- 18.5.1. Country Segmental Analysis
- 18.5.2. Platform
- 18.5.3. Technology
- 18.5.4. Solution Type
- 18.5.5. Deployment Mode / Contract Type
- 18.5.6. Service/ Offering
- 18.5.7. End User
- 18.6. Rest of South America Defence Modernization Market
- 18.6.1. Country Segmental Analysis
- 18.6.2. Platform
- 18.6.3. Technology
- 18.6.4. Solution Type
- 18.6.5. Deployment Mode / Contract Type
- 18.6.6. Service/ Offering
- 18.6.7. End User
- 19. Key Players/ Company Profile
- 19.1. Airbus Defence and Space
- 19.1.1. Company Details/ Overview
- 19.1.2. Company Financials
- 19.1.3. Key Customers and Competitors
- 19.1.4. Business/ Industry Portfolio
- 19.1.5. Product Portfolio/ Specification Details
- 19.1.6. Pricing Data
- 19.1.7. Strategic Overview
- 19.1.8. Recent Developments
- 19.2. BAE Systems plc
- 19.3. Boeing Defence, Space & Security
- 19.4. Dassault Aviation
- 19.5. Elbit Systems Ltd.
- 19.6. General Dynamics Corporation
- 19.7. Honeywell International Inc.
- 19.8. Huntington Ingalls Industries
- 19.9. Israel Aerospace Industries (IAI)
- 19.10. L3Harris Technologies, Inc.
- 19.11. Leonardo S.p.A.
- 19.12. Lockheed Martin Corporation
- 19.13. Mitsubishi Heavy Industries Ltd.
- 19.14. Northrop Grumman Corporation
- 19.15. Raytheon Technologies Corporation
- 19.16. Rheinmetall AG
- 19.17. Rolls-Royce Holdings plc
- 19.18. Saab AB
- 19.19. Textron Inc.
- 19.20. Thales Group
- 19.21. Others Key Players
- 19.1. Airbus Defence and Space
Note* - This is just tentative list of players. While providing the report, we will cover more number of players based on their revenue and share for each geography
Our research design integrates both demand-side and supply-side analysis through a balanced combination of primary and secondary research methodologies. By utilizing both bottom-up and top-down approaches alongside rigorous data triangulation methods, we deliver robust market intelligence that supports strategic decision-making.
MarketGenics' comprehensive research design framework ensures the delivery of accurate, reliable, and actionable market intelligence. Through the integration of multiple research approaches, rigorous validation processes, and expert analysis, we provide our clients with the insights needed to make informed strategic decisions and capitalize on market opportunities.
MarketGenics leverages a dedicated industry panel of experts and a comprehensive suite of paid databases to effectively collect, consolidate, and analyze market intelligence.
Our approach has consistently proven to be reliable and effective in generating accurate market insights, identifying key industry trends, and uncovering emerging business opportunities.
Through both primary and secondary research, we capture and analyze critical company-level data such as manufacturing footprints, including technical centers, R&D facilities, sales offices, and headquarters.
Our expert panel further enhances our ability to estimate market size for specific brands based on validated field-level intelligence.
Our data mining techniques incorporate both parametric and non-parametric methods, allowing for structured data collection, sorting, processing, and cleaning.
Demand projections are derived from large-scale data sets analyzed through proprietary algorithms, culminating in robust and reliable market sizing.
The bottom-up approach builds market estimates by starting with the smallest addressable market units and systematically aggregating them to create comprehensive market size projections.
This method begins with specific, granular data points and builds upward to create the complete market landscape.
Customer Analysis → Segmental Analysis → Geographical Analysis
The top-down approach starts with the broadest possible market data and systematically narrows it down through a series of filters and assumptions to arrive at specific market segments or opportunities.
This method begins with the big picture and works downward to increasingly specific market slices.
TAM → SAM → SOM
While analysing the market, we extensively study secondary sources, directories, and databases to identify and collect information useful for this technical, market-oriented, and commercial report. Secondary sources that we utilize are not only the public sources, but it is combination of Open Source, Associations, Paid Databases, MG Repository & Knowledgebase and Others.
- Company websites, annual reports, financial reports, broker reports, and investor presentations
- National government documents, statistical databases and reports
- News articles, press releases and web-casts specific to the companies operating in the market, Magazines, reports, and others
- We gather information from commercial data sources for deriving company specific data such as segmental revenue, share for geography, product revenue, and others
- Internal and external proprietary databases (industry-specific), relevant patent, and regulatory databases
- Governing Bodies, Government Organizations
- Relevant Authorities, Country-specific Associations for Industries
We also employ the model mapping approach to estimate the product level market data through the players product portfolio
Primary research/ interviews is vital in analyzing the market. Most of the cases involves paid primary interviews. Primary sources includes primary interviews through e-mail interactions, telephonic interviews, surveys as well as face-to-face interviews with the different stakeholders across the value chain including several industry experts.
| Type of Respondents | Number of Primaries |
|---|---|
| Tier 2/3 Suppliers | ~20 |
| Tier 1 Suppliers | ~25 |
| End-users | ~25 |
| Industry Expert/ Panel/ Consultant | ~30 |
| Total | ~100 |
MG Knowledgebase
• Repository of industry blog, newsletter and case studies
• Online platform covering detailed market reports, and company profiles
- Historical Trends – Past market patterns, cycles, and major events that shaped how markets behave over time. Understanding past trends helps predict future behavior.
- Industry Factors – Specific characteristics of the industry like structure, regulations, and innovation cycles that affect market dynamics.
- Macroeconomic Factors – Economic conditions like GDP growth, inflation, and employment rates that affect how much money people have to spend.
- Demographic Factors – Population characteristics like age, income, and location that determine who can buy your product.
- Technology Factors – How quickly people adopt new technology and how much technology infrastructure exists.
- Regulatory Factors – Government rules, laws, and policies that can help or restrict market growth.
- Competitive Factors – Analyzing competition structure such as degree of competition and bargaining power of buyers and suppliers.
Multiple Regression Analysis
- Identify and quantify factors that drive market changes
- Statistical modeling to establish relationships between market drivers and outcomes
Time Series Analysis – Seasonal Patterns
- Understand regular cyclical patterns in market demand
- Advanced statistical techniques to separate trend, seasonal, and irregular components
Time Series Analysis – Trend Analysis
- Identify underlying market growth patterns and momentum
- Statistical analysis of historical data to project future trends
Expert Opinion – Expert Interviews
- Gather deep industry insights and contextual understanding
- In-depth interviews with key industry stakeholders
Multi-Scenario Development
- Prepare for uncertainty by modeling different possible futures
- Creating optimistic, pessimistic, and most likely scenarios
Time Series Analysis – Moving Averages
- Sophisticated forecasting for complex time series data
- Auto-regressive integrated moving average models with seasonal components
Econometric Models
- Apply economic theory to market forecasting
- Sophisticated economic models that account for market interactions
Expert Opinion – Delphi Method
- Harness collective wisdom of industry experts
- Structured, multi-round expert consultation process
Monte Carlo Simulation
- Quantify uncertainty and probability distributions
- Thousands of simulations with varying input parameters
Our research framework is built upon the fundamental principle of validating market intelligence from both demand and supply perspectives. This dual-sided approach ensures comprehensive market understanding and reduces the risk of single-source bias.
Demand-Side Analysis: We understand end-user/application behavior, preferences, and market needs along with the penetration of the product for specific application.
Supply-Side Analysis: We estimate overall market revenue, analyze the segmental share along with industry capacity, competitive landscape, and market structure.
Data triangulation is a validation technique that uses multiple methods, sources, or perspectives to examine the same research question, thereby increasing the credibility and reliability of research findings. In market research, triangulation serves as a quality assurance mechanism that helps identify and minimize bias, validate assumptions, and ensure accuracy in market estimates.
- Data Source Triangulation – Using multiple data sources to examine the same phenomenon
- Methodological Triangulation – Using multiple research methods to study the same research question
- Investigator Triangulation – Using multiple researchers or analysts to examine the same data
- Theoretical Triangulation – Using multiple theoretical perspectives to interpret the same data
