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3. Defense Electronics Obsolescence Companies - Raytheon Technologies Corporation (US) and BAE Systems (UK) are the Key Players

Defense electronics obsolescence market is projected to grow from USD 2.5 billion in 2023 to USD 3.7 billion by 2028, at a CAGR of 8.2% during the forecast period. As technologies rapidly evolve, older systems quickly become outdated, necessitating upgrades or replacements. This has spurred the emergence of a thriving market dedicated to addressing obsolescence issues within defense electronics. Manufacturers, military entities, and specialized service providers are all actively involved in finding innovative solutions to extend the lifespan of critical systems while preparing for future upgrades. This market demands cost-effective, reliable, and interoperable solutions, making strategic partnerships and forward-thinking strategies essential for success in navigating the complexities of technological advancement within the defense sector.

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Major Defense Electronics Obsolescence companies include:

• Raytheon Technologies Corporation (US)
• BAE Systems (UK)
• L3Harris Technologies, Inc. (US)
• Thales (US)
• Elbit Systems Ltd. (Israel).

To strengthen their position in this market, these companies have implemented various growth strategies.

Raytheon Technologies Corporation (US)

Raytheon Technologies Corporation is the world's largest aerospace and defense company.  With over 185,000 workers worldwide, we are redefining how to connect and safeguard the globe by pushing the boundaries of science and technology. Collins Aerospace, Pratt & Whitney, and Raytheon are three of the industry's top companies that advance aviation, engineer integrated defense systems for operational success, and develop next-generation technology solutions and manufacturing to support international customers in addressing their most pressing challenges. Under the category of obsolescence management, the company provides a range of solutions, including Mosarc Avionics, Multi-core Processing System, Performance Based Logistics (PBL), and Joint Secure Air Combat Training System (JSAS).

BAE Systems (UK)

BAE Systems provides some of the world’s most advanced, technology-led defence, aerospace and security solutions. Employing a skilled workforce of more than 93,000 people in around 40 countries. Working with customers and local partners, developing, engineering, manufacturing, and supporting products and systems to deliver military capability, protect national security, and keep critical information and infrastructure secure. BAE Systems is one of the original obsolescence management providers in the industry and continues to serve military and commercial organizations. In the Obsolescence Management, the company provides Advanced Component Obsolescence Management (AVCOM). AVCOM Service Options include AVCOM Parts Manager, COTS Management, and Component Resolution Support.

L3Harris Technologies, Inc. (US)

L3Harris Technologies, Inc. is a leading manufacturer and supplier of maritime vessels, ground vehicles, and aircraft modernization. Operating through segments like Integrated Mission Systems, Space and Airborne Systems, Communication Systems, and Aviation Systems, the company specializes in command, control, communications, intelligence, surveillance, and reconnaissance (C3ISR) systems.

L3Harris Technologies' Obsolescence management ensures flight simulators remain updated with spare parts and upgrades. End-of-life notifications alert customers to last-time buy opportunities. The engineering team designs replacement parts matching the originals. If obsolescence affects a significant part, update or upgrade propositions are submitted. The company operates in North America, Europe, Asia Pacific, the Middle East, and Africa regions.

Thales (France)

Thales is a global leader in advanced technologies within three domains: Defence & Security, Aeronautics & Space, and Digital Identity & Security. Developing products and solutions that contribute to making the world safer, greener, and more inclusive. The Group invests heavily in Research & Development, particularly in key areas such as quantum technologies, Edge computing, 6G, and cybersecurity. Thales has 77,000 employees in 68 countries. In Obsolescence Management, the company offers Customized through-life support, NMS Through-Life Support Solutions, Service Solution Package, extension of equipment lifetime, Fleet-wide support, Fleetwide communication services across naval and airborne platforms in North America, Europe, Asia Pacific, the Middle East, and Africa regions.

Elbit Systems Ltd. (Israel)

Elbit Systems Ltd., a prominent defense company, specializes in designing, developing, and supplying land, airborne, and naval systems and products for homeland security, defense, and commercial applications. The company's diverse offerings include military aircraft and helicopter systems, commercial aviation systems, aerostructures, unmanned aircraft systems and unmanned surface vessels. Elbit Systems offers Depot Level Repairing Facility, Aircraft Maintenance, Repair, and Overhaul (MRO), and Integrated Logistics Support (ILS) services under Obsolescence Management. The company's global footprint extends across Europe, North America, Latin America, and the Asia Pacific region.

Related Reports:

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 to 2028

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
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