The surge in digital and cybersecurity threats and modernization of electronic warfare techniques are expected to drive the demand for the global electronic warfare market in the forecast period, 2023-2027.
According to TechSci Research report, Electronic Warfare Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, the global electronic warfare market is anticipated to witness impressive growth in the forecast period, 2023-2027. Electronic warfare uses the electromagnetic spectrum to sense and communicate with the radar, radiation, or infrared signals and counter enemy attacks. The development of electronic support measure technology is boosting the integration of advanced technologies for different military applications. The global electronic warfare market is driven by the rise in conflicts between countries and advancements in the electronic spectrum. Conflicts are increasing due to social, economic, and political tension between the countries. Companies working in the defense sector are developing electronic warfare systems having self-protection capabilities. Military operations are dependent on the signals intelligence, information operations, and electronic and cyber warfare. And the integration of electronic warfare protects aircraft, satellites, military vehicles, and naval ships from radar and electronic threats, further supporting the high market demand.
The new concept of cyber, electronic warfare that can cover a wide range of electromagnetic environments and cyberspace is gaining momentum. It also offers the opportunity to the defense personnel to prepare a strong defense and attack strategy.
However, the high cost of electronic warfare systems may restrain the growth of the global electronic warfare market in the forecast period.
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The global electronic warfare market is segmented into capability, equipment, platform, regional distribution, and competitive landscape.
Based on capability, the market is divided into support, attack, and protection. The support segment is expected to witness the fastest incremental growth in the forecast period. The growing importance of situational awareness capabilities in the defense sector makes market players look for solutions. Such as, the advent of Intelligence, surveillance reconnaissance system has improved the decision-making process for the defense sector and situational awareness of the militaries.
Based on equipment, the market is divided into jammers, antennas, radar warning receiver, anti-radiation missiles, directed energy weapon, CMDS, DIRCM, and others. Jammers are expected to capture the highest market share in the forecast period. The new age jammers are equipped with the electronic attack, electronic support, and electronic protection systems. An increase in the procurement of electronic warfare for naval, airspace, and military operations are expected to fuel the demand for electronic warfare systems for jammers.
Based on the platform, the market is divided into air, land, naval, and space. The air-based platform is expected to be the fastest-growing segment in the forecast period owing to the rise in the use of electronic warfare in unmanned aerial vehicles.
Major market players operating in the global electronic warfare market are:
- L3Harris Technologies, Inc.
- Northrop Grumman Corporation
- Raytheon Technologies Corporation
- Israel Aerospace Industries Ltd.
- Saab AB
- ASELSAN AS
- Thales Group
- BAE Systems plc
- Lockheed Martin Corporation
- Leonardo S.p.A.
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North America is expected to hold the largest market share in the forecast period, with Canada and United States the key countries in the region. Increased investments in the developments of electronic warfare technologies and the presence of major market players in the region are influencing the global electronic warfare market growth. The United States is one of the key users, exporters, and manufacturers of electronic warfare systems across the globe. The increase in integration of advanced technologies by the defense sector to advance the capabilities of the existing defense systems and development of electronic warfare systems for civil commercial applications are expected to propel the growth of the global electronic warfare market till 2027 said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
Electronic Warfare Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, Segmented By Capability (Support, Attack, Protection), By Equipment (Jammers, Antennas, Radar Warning Receiver, Anti-Radiation Missiles, Directed Energy Weapon, CMDS, DIRCM, Others), By Platform (Airborne, Land, Naval, Space), and By Region,has evaluated the future growth potential of global electronic warfare market and provides statistics information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global electronic warfare market.
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