Electronic Warfare Market 2022-2028

Title:Global Electronic Warfare Market Size, Share & Trends Analysis Report by Capability (Electronic Attack, Electronic Protection, and Electronic Support), and by Platform (Air, Sea, Land, and Space) Forecast Period (2022-2028).

The global electronic warfare market is anticipated to grow at a considerable CAGR of 4.9% during the forecast period owing to the growing development and innovations of new warfare across the globe. For instance, in April 2021, the Research and Self-Sufficiency Jihad Organization of the Iranian Army Ground Force introduced a slew of electronic warfare and other electronic systems. These warfare systems are to be used for protecting Iranian drones in the rival territory and to disrupt the enemy's drones. Growing threats of rival drones and remotely triggered IEDs have also been increasing investments in electronic warfare systems for defense against these threats. For instance, in May 2021, the UAE defense conglomerate, Edge Group introduced NavControl-G, a counter-drone with specialized capability, and V-Protect, a jamming system for radio frequency communication.

The global electronic warfare market is segmented based on capability and platform. Based on the capability, the market is segmented into electronic attack, electronic protection, and electronic support. Based on the platform, the market is sub-segmented into air, sea, land, and space. Based on the platform, the air segment is anticipated to grow significantly in the market during the forecast period owing to the rising investments in on-air military equipment across the globe. With rising technologies, the air force has become a significant platform on the battlefield as it offers an edge to the force which has better air equipment. This has been driving more investments in on-air platform electronic warfare. For instance, in April 2020, the US fixed the cost for upgrading the electronic warfare systems of the aircraft F-15J of Japan to $745 million which was later enlarged to $2.2 billion.

Geographically, the global electronic warfare market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America is anticipated to grow significantly in the market during the forecast period owing to enlarged investments in electronic warfare technologies by countries such as the US in the region. Defense forces of countries are involved in developing the advanced EW systems, technologically. The presence of key market players of electronic warfare systems in this region including Lockheed Martin, Northrop Grumman Corp., L3Harris Technologies, Inc., and Raytheon are also contributing to the market growth. For instance, in September 2019, Lockheed Martin Corp. was awarded an agreement worth $281 million from the US Army for developing the Sentinel A4 system. This is a high-performance missile and air defense radar that offers additional capability against aerial threats.

The major companies serving the global electronic warfare market include BAE Systems, Inc., L3Harris Technologies, Inc., Lockheed Martin Corp., Northrop Grumman Corp., Raytheon Technologies Corp., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in March 2022, BAE Systems introduced new electronic warfare (EW) suite for providing platforms with defensive and offensive EW capabilities. The system, named Storm EW Modules, is customizable for both the US and allied fleets and can be combined into fixed-wing aircraft, unmanned air vehicles, helicopters, and guided missiles.

Research Methodology

The market study of the global electronic warfare market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market.

• Whitepapers, research papers, and news blogs.

• Company websites and their product catalog.

The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

• Global Electronic Warfare Market Research and Analysis by Capability.
• Global Electronic Warfare Market Research and Analysis by Platform.

The Report Covers:

• Comprehensive research methodology of the global electronic warfare market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global electronic warfare market.
• Insights about market determinants that are stimulating the global electronic warfare market.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.