The Electronic Warfare market size is projected to grow from USD 18.5 billion in 2022 to USD 23.2 billion by 2027, at a CAGR of 4.7% from 2022 to 2027. Electronic warfare equipment is predicted to be the most popular during the projection period due to factors such as significant technological breakthroughs and the incorporation of electronics into military gear. In addition to these elements, the market for electronic warfare is presented with prospects by the rise in UAV system usage, the demand for ground surveillance, and communication jamming.
The Electronic Warfare market includes major players such as BAE Systems (UK), Northrop Grumman Corporation (US), Raytheon Technologies Corporation (US), Lockheed Martin Corporation (US), Thales Group (US), L3Harris Technologies Inc. (US), Israel Aerospace Industries (Israel), and SAAB AB (Sweden), among others. These players have spread their business across various countries includes North America, Europe, Asia Pacific, Middle East, Africa, and Latin America.
The electronic warfare market’s support sector is anticipated to experience the greatest CAGR throughout the forecast period based on capability.
The market is divided into electronic warfare support, protection, and attack categories based on capability. During the forecast period, the electronic support segment is anticipated to develop at the greatest CAGR. Armed forces now have better situational awareness skills thanks to intelligence, surveillance, and reconnaissance (ISR), which has also improved how they make decisions. The defense industry’s increased emphasis on situational awareness capabilities is anticipated to promote the expansion of the electronic warfare support market in the future years.
“North America: The largest contributing region in the Electronic Warfare market.”
Between 2022 and 2027, the electronic warfare market is expected to be dominated by the North American market.
For market analysis in the North American region, the US and Canada are important nations to take into account. This region is anticipated to dominate the market from 2022 to 2027 as a result of increased spending by its member states in electronic warfare technologies. Technology-advanced EW systems are being developed by the armed forces of nations in the North American region. Among the established and well-known manufatures of electronic warfare systems in this region are Northrop Grumman Corporation (US), Raytheon Technologies Corporation (US), Lockheed Martin Corporation (US), L3Harris Technologies Corporation (US).
Major companies profiled in the report include BAE Systems UK), Northrop Grumman Corporation (US), Raytheon Technologies Corporation (US), Lockheed Martin Corporation (US), Thales Group (US), L3Harris Technologies, Inc. (US), Israel Aerospace Industries (Israel), and SAAB AB (Sweden). (25 Companies)
This research report categorizes the Electronic Warfare market basis of Capability (Support, Attack, Protection), Platform (Airborne, Naval, Land, Space), Product (EW Equipment, EW Operational Support), major regions, namely, North America, Europe, Asia Pacific, Middle East, Latin America, and Africa. The scope of the report covers detailed information regarding the major factors, such as drivers, challenges, and opportunities, influencing the growth of the Electronic Warfare market. A detailed analysis of the key industry players has been done to provide insights into their business overviews; solutions and services; key strategies; new product launches, contracts, partnerships, collaborations, expansions, acquisitions, and new product development associated with the Electronic Warfare market.
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The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall Electronic Warfare market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on Electronic Warfare offered by the top players in the market
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the Electronic Warfare market
- Market Development: Comprehensive information about lucrative markets – the report analyses the Electronic Warfare market across varied regions
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Electronic Warfare market
- Competitive Assessment: In-depth assessment of market shares, growth strategies, products, and manufacturing capabilities of leading players in the Electronic Warfare market