According to IMARC Group latest report titled “Electronic Warfare Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2
According to IMARC Group latest report titled “Electronic Warfare Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on electronic warfare market report. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global electronic warfare market size reached US$ 17.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 24.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.1% during 2023-2028.
Electronic warfare (EW) represents the armed force’s abilities to strategically utilize electromagnetic or electromagnetic spectrum-related tactics and devices. It includes numerous equipment for detecting enemy vehicles, supporting the allied forces and providing protection from enemy attacks during air, land, sea and space military conflicts. Some of the commonly used electronic warfare include Signal Intelligence Gathering (SIGINT), which intercepts enemy communication, and Electronic Countermeasures (ECM), which degrades the effectiveness of enemy military radar. Since intelligence decision-making has become crucial during the war, there has been a considerable increase in the adoption of electronic warfare, including infrared, radar and radio devices.
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Continuous technological advancements in warfare techniques across the globe majorly drive the market. Along with this, the rising spending for improving the counter-terrorism measures due to the growing safety concerns among the countries and for ensuring the safety of citizens are impacting the market growth favorably. In line with this, the widespread adoption of new optronic sensors and the development of new-generation air and missile defense systems are creating a positive market outlook. Since military groups rely on the electromagnetic spectrum to communicate with commanders, identify targets accurately, understand the environment and inform decisions, this is escalating the demand for electronic warfare across the globe. Some other driving the market further include the rising incidences of cyberattacks and data thefts and favorable government regulations.
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The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Aselsan A.?
- BAE Systems plc
- Elbit Systems Ltd.
- General Dynamics Corporation
- Israel Aerospace Industries
- L3Harris Technologies Inc.
- Leonardo S.p.A.
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Raytheon Technologies Corporation
- Saab AB
- Teledyne Technologies Incorporated
- Textron Inc.
- Thales Group
- The Boeing Company
Electronic Warfare Market Segmentation:
Our report has categorized the market based on region, product, equipment, capability and platform.
Breakup by Product:
- EW Equipment
- EW Operational Support
Breakup by Equipment:
- Countermeasure System
- Directed Energy Weapon
Breakup by Capability:
- Electronic Protection
- Electronic Support
- Electronic Attack
Breakup by Platform:
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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