Electronic Warfare Market

Electronic Warfare Market Overview

The report is titled as ‘Electronic Warfare Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual frameworks, analytical approaches of the Electronic Warfare market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market. Electronic Warfare market is expected to grow with significant rate in the near future.

The global electronic warfare market is estimated to reach at a value of US$ 18.7 Bn by the end of 2022 and expected to reach at a value of US$ 26.0 Bn by 2030 with a significant CAGR of 4.2%.

Electronic Warfare Introduction

Electronic Warfare (EW) can be comprehended by the usage of electromagnetic or guided energy and unified cyber competencies to pull off intelligence and military missions. The more meticulously a military force ventures the entire electromagnetic (EM) gamut – microwaves, radio waves, millimeter waves, ultraviolet light, infrared, visible light, and gamma rays – and cyber effects, the more effectively it can anticipate adverse hazards and retort to attacks electronically.

At the very least, Electronic Warfare (EW) is beneficial in regulating and administering the electromagnetic (EM) gamut to determine, evaluate, and trail prospective threats, offering circumstantial awareness that a country and its allies require in order to organize diplomatic insights, defensive measures, and offensive alternatives at every level prior to the emergence of conflicts.

In addition to that, the electronic warfare (EW) allows Joint Electromagnetic Spectrum Operations (JEMSO), which offers the nation’s armed forces the capability to manipulate, strike, and safeguard the EM operation environment.

The rapid technological advancements and swift integration of advanced electronics in military equipment is primarily projected to drive the growth of the global electronic warfare (EW) market over the coming years.

Electronic Warfare Market Segmentation

The global electronic warfare market is segmented on the basis of capability, equipment, product, platform, and region.

By Capability

Electronic Protection

Electronic Support

Electronic Attack

By Equipment

Jammer

Countermeasure system

Decoy

Directed energy weapon

Others

By Product

EW equipment

EW operational support

By Platform

Land

Naval

Airborne

Space

By Region

North America

Latin America

Europe

Asia Pacific

Middle East

Africa

Electronic Warfare Market Key Players

Some of the key participating players in electronic warfare market are:

BAE Systems plc

Elbit Systems Ltd.

General Dynamics Corporation

Israel Aerospace Industries Ltd. (IAI)

L3Harris Technologies, Inc.

Leonardo SpA

Lockheed Martin Corporation

Northrop Grumman Corporation

Raytheon Technologies Corporation

SAAB AB

Thales Group

Factors that are benchmarked while estimating the market

Various factors that are benchmarked while estimating the market growth includes (but not restricted to):

New product designs and launches

Current product compliance

Reimbursement

Concerns for use of Electronic Warfare

Advantages of Electronic Warfare

Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.

A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s product sales, previous growth rates and market expansion plans are considered to generate market share in the market.