Electronic Warfare Market Overview and Future Trends

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Electronic Warfare Market Growth Factors,
Opportunities, Ongoing Trends and Key Players
2025 The report "Electronic Warfare Market by
Capability (Support, Attack, Protection),
Platform (Airborne, Naval, Ground, Space),
Product (EW Equipment, EW Operational Support),
and Region - Global Forecast to 2025", size is
projected to grow from USD 17.0 billion in 2020
to USD 20.9 billion by 2025, at a CAGR of 4.2
from 2020 to 2025. Significant technological
advancements and integration of electronics in
military equipment are resulting in a shift
towards multilayered defense systems, which is
expected to drive the electronic warfare
market during the forecast period. Adding to
these factors, the increase in the use of UAV
systems and the need for ground surveillance and
communication jamming serve as opportunities
for the electronic warfare market. Download PDF
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Tables and 82 Figures spread through 340 Pages
and in- depth TOC on "Electronic Warfare Market
- Global Forecast to 2025" Electronic warfare is
now among the crucial requirements of the defense
and intelligence agencies across countries.
Hence, military and intelligence agencies are
the key end-users, showcasing greater demand for
electronic warfare equipment. Some industry
experts have noted that the COVID-19 pandemic has
not affected the demand for electronic warfare,
especially for military end use. Companies such
as Lockheed Martin Corporation (US), Northrop
Grumman Corporation (US), Elbit Systems Ltd.
(Israel), and L3Harris Technologies (US) received
contracts for the supply of electronic warfare
to the armed forces of various nations in the
first half of 2020, showcasing continuous demand
during the COVID-19 crisis. The outbreak of
COVID-19 has moderately impacted the electronic
warfare market on the supply side. This impact
is due to the delays in order deliveries, owing
to large- scale disruptions in the supply chain
in affected countries. Some companies across
non-hotspot countries have resumed partial
operations in line with government safety
guidelines. Their production is slow, the primary
reason being the shortage of labor as well as
inadequate supply of components from other
suppliers and subsidiaries. However, in terms of
demand, the impact on the market is expected to
remain moderate since funds for deliveries were
already allocated prior to the pandemic.
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Increasing procurement of electronic warfare
systems due to growing transnational and
regional instability The increasing frequency of
bilateral militarized conflicts among countries
is progressing at a rapid pace, which has led to
the growing need for defense forces of countries
to strengthen their security measures. New
weapons and combat systems are being developed
to cater to warfare needs. The advent of digital
battlefields has propelled the incorporation of
electronic warfare technology in all defense
systems used during combat missions. These
systems have resulted in a change in the
procurement priorities of nations to keep pace
with emerging warfare needs. Based on capability,
the support segment of the electronic warfare
market is projected to witness the highest CAGR
during the forecast period In terms of
capability, the market is segregated into
electronic warfare support, protection, and
attack. The electronic support segment is
projected to grow at the highest CAGR during the
forecast period. Intelligence, surveillance
reconnaissance (ISR) has improved the
situational awareness capabilities of militaries
and subsequently enhanced their decision-making
process. The increased focus on situational
awareness capabilities from defence sector is
expected to support the growth of electronic
warfare support segment in the upcoming
years. Electronic warfare equipment sub segment
of the electronic warfare market by product is
projected to witness the highest CAGR owing to
increasing focus on defence equipment up
gradation across the globe Based on product, the
electronic warfare market has been segmented into
electronic warfare equipment and electronic
warfare operational support. The electronic
warfare equipment segment is expected to grow at
a higher CAGR owing to the increasing
procurement of electronic warfare equipment for
the gradation of various platforms such as naval
vessel, land vehicle and aircraft due to benefits
such as advance electronic protection,
electronic attack and electronic support
applications. The North America market is
projected to contribute the largest share from
2020 to 2025 in the electronic warfare
market The US and Canada are key countries
considered for market analysis in the North
American region. This region is expected to lead
the market from 2020 to 2025, owing to increased
investments in electronic warfare technologies by
countries in this region. Defense forces of
countries in the North American region are
involved in the development of technologically
advanced EW systems. Well-established and
prominent manufacturers of electronic warfare
systems in this region include Lockheed Martin
(US), Northrop Grumman (US), L3Harris
Technologies, Inc. (US), and Raytheon (US). The
North America US is recognized as one of the key
manufacturers, exporters, and users of EW
systems worldwide and is known to have the
strongest EW capabilities.
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Key manufacturers of EW systems in the US include
Lockheed Martin, Northrop Grumman, L3Harris
Technologies, Inc., and Raytheon. The new defense
strategy of the US indicates an increase in EW
spending to include advanced capabilities in
existing defense systems of the US Army to
counter incoming threats. Ask for Sample Report _at_
https//www.marketsandmarkets.com/requestsampleNe
w.asp?id1301 Key Market Players The Electronic
Warfare market is dominated by a few globally
established players such as as BAE Systems Plc.
(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.
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