Electronic Warfare - Global Market Outlook (2020-2028)
According to Stratistics MRC, the Global Electronic Warfare Market is accounted for $17.00 billion in 2020 and is expected to reach $27.50 billion by 2028 growing at a CAGR of 6.2% during the forecast period. The increasing adoption of integrated electronic warfare systems and technological advancements in warfare techniques are driving the market growth. However, the rising deployment of electronic warfare capabilities on unmanned platforms may restrain the market growth.
Electronic warfare is a military action involving the use of electromagnetic energy to reduce, determine, or prevent the aggressive use of the electromagnetic spectrum by the enemy. It includes a variety of products like a decoy, countermeasure systems, jammers, directed weapons, and antennas. The main applications of electronic warfare include surveillance, defense, and collision avoidance, attack, and military sector.
Based on capability, the electronic support (ES) segment is going to have lucrative growth during the forecast period. Intelligence, surveillance & reconnaissance (ISR) has improved the situational awareness capabilities of militaries and subsequently enhanced their decision-making process. The increased focus on situational awareness capabilities from the defense sector is expected to support the growth of the electronic warfare support segment.
By geography, North America is going to have high growth during the forecast period owing to increased investments in electronic warfare technologies by countries in this region. Defense forces of countries in this region are involved in the development of technologically advanced EW systems.
Some of the key players profiled in the Electronic Warfare include ASELSAN, BAE Systems Plc, Ball Corporation, Collins Aerospace, Hensoldt Group, Israel Aerospace Industries, L3Harris Technologies, Inc, Leonardo SpA, Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies Corporation, SAAB AB, and Thales Group.
Estimated Market Size in 2020:
USD 17.00 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 27.50 billion
Tables, Graphs & Figures
Product, Portable System, Platform, Technology, Capability, Application, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Electronic Warfare (EW) Equipment
• Electronic Warfare (EW) Operational Support
Portable Systems Covered:
• Remote Controlled Improvised Explosive Device (RCIED) Jammers
• Vehicle Self Protection System
• Electronic Warfare (EW) System
• Strategic/Fixed Electronic Warfare (EW) System
• Airborne Based
• Land Based
• Naval Based
• Gallium Nitride (GAN)
• Silicon and Gallium Arsenide (GAAS)
• Electronic Support (ES)
• Electronic Attack (EA)
• Electronic Protection (EP)
• Commercial Commands
• Emergency Services
• Government Critical Infrastructure
• Homeland Security & Cyber Protection
• Military Commands
• Military Critical Infrastructure
• Routine Operations
• Transportation System
End Users Covered:
• Original Equipment Manufacturer (OEM)
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Electronic Warfare Market is majorly driven by increasing preference for modern warfare techniques, increasing need for missile detection systems, and increasing adoption of integrated electronic warfare systems.
The electronic support (ES) segment is growing at a highest CAGR due to the high demand for intelligence, surveillance, and reconnaissance (ISR) techniques and equipment from the defense sector worldwide.
North America dominated with a significant market share owing to the development of technologically advanced EW systems and increased investments in electronic warfare technologies by countries in this region.
Asia Pacific market is growing at a highest CAGR due to the rapid growth in military spending of the Asia-Pacific countries and countries are investing in the development of new electronic warfare systems.
Key players in Electronic Warfare Market include ASELSAN, BAE Systems Plc, Ball Corporation, Collins Aerospace, Hensoldt Group, Israel Aerospace Industries, L3Harris Technologies, Inc, Leonardo SpA, Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies Corporation, SAAB AB, and Thales Group.
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