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 onelectronic warfare marketreport. 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 themarket to reach US$ 24.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.1% during 2023-2028.
What are electronic warfare?
Electronic warfare represents the military operations that usually involve the use of electromagnetic spectrum and equipment, including infrared (IR) detectors and radars, to intercept attacks and provide protection to the allied forces. It is utilized by armed forces to provide intelligence and combat power for analyzing, detecting, disrupting, and locating threats. Electronic warfare entails the use of decoys, jammers, countermeasure systems, directed energy weapons, etc., that assist in improving the range, spectral domain, security, understanding the environment, informing decisions, etc. Consequently, it finds wide-ranging applications across land, naval, space, and airborne platforms.
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What are the growth prospects and trends in the electronic warfare industry?
The growing number of digital attacks and cybersecurity threats is primarily driving the electronic warfare market. Additionally, the inflating need for efficient surveillance, intelligence, and combat solutions against terrorist attacks and network hacking is further bolstering the market growth. Besides this, the widespread adoption of the electromagnetic spectrum by warfighters to communicate with commanders, identify and engage targets accurately, understand the environment and inform decisions, protect themselves from harm, etc., is acting as another significant growth-inducing factor. Moreover, the growing integration of computing devices with the Internet of Things (IoT) and Artificial Intelligence (AI) solutions to enable the real-time acquisition and analysis of data for improved warfare tactics is positively influencing the global market. Apart from this, the escalating demand for electronic warfare solutions in unnamed aerial vehicle (UAV) systems to gather spatial information is also stimulating the market growth. Furthermore, the implementation of stringent regulations by government bodies to ensure national security is anticipated to fuel the electronic warfare market over the forecasted period.
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Competitive Landscape:
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:
- Jammer
- Countermeasure System
- Decoy
- Directed Energy Weapon
- Others
Breakup by Capability:
- Electronic Protection
- Electronic Support
- Electronic Attack
Breakup by Platform:
- Land
- Naval
- Airborne
- Space
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)
- Porters Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.
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