According to IMARC Group’s latest report entitled “Electronic Warfare Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecasts 2022-2027‘, provides a comprehensive analysis of the industry that includes insights Electronic warfare market share. The report also includes competitive and regional analysis along with recent advances in the global market. The market reached a value of $16.52 billion in 2021 The electronic warfare market is projected to reach $23.17 billion by 2027, with a CAGR of 5.3% between 2022 and 2027.
Electronic warfare refers to the strategic use of the electromagnetic spectrum to intercept, analyze, or suppress enemy range usage and combat capability. It offers superior next-generation Electronic Support (ES), Electronic Protection (EP), and Electronic Attack (EA) capabilities. It can be used throughout the defense and military sectors for jamming, jamming, locating, decoying and cryptanalysis.
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As the novel coronavirus (COVID-19) crisis sweeps the world, we continuously monitor the changes in the markets and consumer purchasing behavior worldwide and our estimates on the latest market trends and forecasts are made after considering the impact of this pandemic.
The global market is primarily driven by the widespread integration of advanced electronics with military equipment. The increasing use of unmanned aerial vehicles (UAVs) and the increasing need for efficient surveillance systems across the defense sector have contributed to the market growth. In addition, increasing instances of terrorist attacks and security breaches around the world have increased the need for effective security measures. This, along with the increasing use of the digital battlefield, has fueled the demand for electronic warfare on a global scale. In addition, the increasing number of cybersecurity threats has also fueled the adoption of advanced surveillance systems equipped with cloud and artificial intelligence (AI). Apart from that, increasing government spending on radar and air defense systems and increasing preference for military robots have created further positive prospects for the market.
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Competitive landscape with key players:
The report has also analyzed the competitive landscape of the market with some of the major players.
- Aselsan A?
- BAE Systems plc
- Elbit Systems Ltd.
- General Dynamics Corporation
- Israeli aerospace industry
- L3Harris Technologies Inc.
- Leonardo SpA
- 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 by region, product, equipment, capability and platform.
Breakdown by product:
- EW gear
- EW operation support
Breakdown by Amenities:
- countermeasure system
- Targeted energy weapon
Breakdown by Skill:
- Electronic protection
- Electronic Support
- electronic attack
Breakdown by platform:
- In the air
Breakdown by region:
- North America (United States, Canada)
- Europe (Germany, France, UK, Italy, Spain, others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, others)
- Latin America (Brazil, Mexico, others)
- Middle East and Africa (UAE, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- value chain
- Comprehensive mapping of the competitive landscape
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