Global Electronic Warfare Market size is projected to be valued $38 Billion by 2025; with a CAGR of 6% from 2017 to 2025. Electronic Warfare is a military action involving the use of electromagnetic energy, usually radio waves or laser light, to sense, communicate, determine, exploit, reduce, or prevent the hostile use of electromagnetic spectrum. At the same time, it is also used to deny adversaries the capabilities to either disrupt or use these signals as well as to confuse or disable an enemy's electronics. It contains three main subdivisions such as Electronic attack (EA), electronic warfare support (ES), and electronic protection (EP).
Continuous development in the electromagnetic spectrum, growing international disputes, development of Integrated EW Systems, and rising use of EW systems for geospatial intelligence are the factors fueling the growth of the market. In addition, enhancing the adoption of visual and infrared technology in defense has also stimulated the market growth of electronic warfare worldwide. However, the high cost involved in the arrangement of EW systems is the restraint of the market. Moreover, the development of EW systems with enhanced capabilities and arrangement of electronic warfare capabilities on the space platform would provide lucrative opportunities for the market.
Capability, platform, product, and geography are the segmentation of the global electronic warfare market. Capability segment comprises electronic support, electronic attack, and electronic protection. By platform, the market is segmented as airborne-based EW, naval-based EW, ground-based EW, and space-based EW. Further, product segment is classified into EW equipment, and electronic warfare operational support (EWOS).
Based on geography, the global electronic warfare market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe consists of UK, Russia, Germany, France, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea and Rest of Asia-Pacific while RoW is bifurcated into South America, the Middle East, and Africa.
Major companies operating in the global electronic warfare market are Lockheed Martin Corporation, Raytheon Company, Elbit Systems Ltd., Boeing, Saab AB, Thales Group, Textron Inc., Israel Aerospace Industries Ltd, BAE Systems, and L3 Technologies, Inc., among others.
The key takeaways from the report
Scope of the Global Electronic Warfare Market