Electronic Warfare Market's CAGR of 12.5% Propels Growth to $19.4 Billion by 2028

1
Electronic Warfare Market's CAGR of 12.5
Propels Growth to 19.4 Billion by 2028
The Electronic Warfare Market is valued at USD
10.8 billion in 2023 and is projected to reach
USD 19.4 billion by 2028, at a CAGR of 12.5 from
2023 to 2028. Electronic warfare (EW) encompasses
military activities that utilize electromagnet
ic energy to exploit, deceive, or disrupt enemy
forces. It focuses on manipulating the electromag
netic spectrum to gain a strategic advantage in
warfare, targeting communication systems,
radar, and electronic devices. Key drivers for
EW include evolving geopolitical tensions,
technological advancements, and the
proliferation of sophisticated electronic
threats. Download PDF Brochure _at_
https//www.marketsandmarkets.com/pdfdownloadNew.a
sp?id1301 Top Key Industry Players Leading
players in the EW market include BAE Systems
(UK), Raytheon Technologies Corporation (US),
Northrop Grumman (US), L3Harris Technologies,
Inc. (US), Lockheed Martin Corporation (US),
Israel Aerospace Industries (Israel), Elbit
Systems (UK) etc. These companies leverage
expertise in sensor technology, signal
processing, and cyber defense to develop
advanced EW solutions tailored to meet military
and government requirements. Based on platform,
the airborne segment is estimated to have the
largest market share during the forecast
period. Based on the platform, the airborne
segment will have the largest market share for
the forecast period. This segment is further
divided into, combat aircraft, transport
aircraft, special mission aircraft, trainer
aircraft, military aircraft, UAV. This dominance
can be attributed to several factors. Firstly,
advancements in technology allow for the
miniaturization of EW systems, making them
suitable for integration on various aircraft,
from fighter jets to helicopters. Secondly,
airborne platforms offer superior mobility and
coverage compared to ground-based or naval
systems, providing a wider range of operational
flexibility. Additionally, the growing
significance of airpower in modern warfare
necessitates robust electronic defense
capabilities for aircraft, further driving the
demand for airborne EW systems. This trend is
expected to continue as air defense systems
become more sophisticated, making airborne EW
systems a crucial tool for maintaining air
superiority and successful mission
execution. Based on capability, the electronic
support segment is estimated to have the largest
market share from 2023 to 2028
2
Based on capability, the electronic support
segment is expected to have the largest market
share for the forecast period. The Electronic
Warfare (EW) market is anticipated to witness
the Electronic Support (ES) segment hold the
dominant market share throughout the forecast
period. This dominance stems from the crucial
role ES plays in gathering battlefield
intelligence. Electronic support (ES) involves
the collection of intelligence through the
monitoring, interception, and analysis of enemy
electronic emissions. This facet of electronic
warfare entails the detection and identification
of adversary radar signals, communication
patterns, and other electronic signatures to
acquire situational awareness and extract
valuable information regarding adversary
capabilities and intentions. ES systems
passively collect, analyze, and identify
electromagnetic signals emitted by enemy radar,
communication networks, and other electronic
devices. This vital intel provides critical
insights into enemy activities, troop movements,
and weapon deployments. Furthermore, the
increasing complexity of the modern battlespace,
with the proliferation of advanced weaponry and
communication systems, necessitates comprehensive
situational awareness. ES systems fulfill this
need by providing real-time data on the
electronic environment, enabling commanders to
make informed decisions and gain a tactical
advantage. This unwavering demand for superior
intelligence gathering capabilities is expected
to solidify ES's position as the leading segment
within the EW market for the foreseeable
future. Based on product, the data jammers
sub-segment is estimated to have the largest
market share from 2023 to 2028 Based on the
product, The jammers sub- segment within the
electronic warfare equipments category is
projected to capture the largest market share
throughout the forecast period. This dominance
is driven by several key factors. Jammers are set
to dominate the electronic warfare market until
2028 due to their pivotal role in disrupting
enemy communication and radar systems.
Technological advancements have led to the
development of more sophisticated and versatile
jamming systems, capable of targeting a wide
range of frequencies and waveforms. The
miniaturization of electronic components has
made jammers compact and portable, facilitating
integration into various platforms. Heightened
geopolitical tensions and the modernization of
military forces globally are driving significant
investments in electronic warfare, including
jammers. Asymmetric warfare and the proliferation
of non-state actors with access to advanced
electronic systems further underscore the
importance of robust electronic warfare
capabilities. Overall, the combination of
technological innovation, evolving threat
landscapes, and geopolitical dynamics ensures
the continued dominance of jammers in the
electronic warfare market. Inquiry Before Buying
_at_ https//www.marketsandmarkets.com/Enquiry_Before
_BuyingNew.asp?id1301 About MarketsandMarkets
MarketsandMarkets has been recognized as one of
Americas best management consulting firms by
Forbes, as per their recent report.
3
MarketsandMarkets is a blue ocean alternative in
growth consulting and program management,
leveraging a man-machine offering to drive
supernormal growth for progressive organizations
in the B2B space. We have the widest lens on
emerging technologies, making us proficient in
co-creating supernormal growth for
clients. Earlier this year, we made a formal
transformation into one of America's best
management consulting firms as per a survey
conducted by Forbes. The B2B economy is
witnessing the emergence of 25 trillion of new
revenue streams that are substituting existing
revenue streams in this decade alone. We work
with clients on growth programs, helping them
monetize this 25 trillion opportunity through
our service lines - TAM Expansion, Go-to-Market
(GTM) Strategy to Execution, Market Share Gain,
Account Enablement, and Thought Leadership
Marketing. Built on the 'GIVE Growth' principle,
we work with several Forbes Global 2000 B2B
companies - helping them stay relevant in a
disruptive ecosystem. Our insights and
strategies are molded by our industry experts,
cutting-edge AI-powered Market Intelligence
Cloud, and years of research. The KnowledgeStore
(our Market Intelligence Cloud) integrates our
research, facilitates an analysis of
interconnections through a set of applications,
helping clients look at the entire ecosystem and
understand the revenue shifts happening in their
industry. To find out more, visit
www.MarketsandMarkets.com or follow us on
Twitter, LinkedIn and Facebook. Contact Mr.
Aashish Mehra MarketsandMarkets INC. 630
Dundee Road Suite 430 Northbrook, IL 60062 USA
1-888-600-6441 Email sales_at_marketsandmarkets.com