Global Electronic Warfare Market Size, Share, Growth Analysis, By Type(Electronic Support (ES) and Electronic Attack (EA)), By Platform(Airborne, and Ground-based) - Industry Forecast 2023-2030

Global Electronic Warfare Market size was valued at USD 17.8 billion in 2021 and is poised to grow from USD 18.5 billion in 2022 to USD 26.40 billion by 2030, growing at a CAGR of 5.2% during the forecast period (2023-2030).

The expansion of the market is driven by progress spanning the electromagnetic spectrum. The increased reliance on electronic devices, equipment, and weapon systems has spurred the demand for electronic warfare systems to detect and counter these evolving threats. A positive growth trajectory is anticipated in the forthcoming years due to continual technological advancements within the electronics realm. The adoption of electro-optic, infrared, and visual techniques like lasers further contributes to this momentum. Electronic warfare has firmly entrenched itself as a pivotal facet in the strategic landscape for military stakeholders. Cold wars, political disputes, and territorial conflicts are poised to exert positive influences on the market dynamics. An added impetus comes from the escalating preference for compact electronic systems that can seamlessly integrate into platforms like patrol vessels and unmanned aerial vehicles (UAVs), consequently driving market expansion.

The incorporation of electronic warfare systems stands as a critical need for naval vessels and stealth aircraft, entities that pose challenges in terms of tracking and detection. However, potential impediments lie in the realm of defense budget reductions in regions like the U.S. and Europe, alongside economic concerns in developing areas, potentially exerting constraints on market growth. Nevertheless, prospects for growth present themselves through the development of swifter and more efficient systems capable of minimizing time lags.

Key facets of electronic warfare encompass Electronic Counter Measures (ECM), Electronic Counter-Counter Measures (ECCM), and Electronic Support Measures (ESM). The electronic warfare market is distinguished by its fragmentation, with a multitude of industry participants employing strategies like mergers, acquisitions, and collaborative ventures to drive their growth. For instance, the Javelin Joint Venture illustrates such cooperation through the collaboration of Raytheon and Lockheed Martin.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Electronic Warfare Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Segments covered in this report:

The Global Electronic Warfare market is segmented by type, platform, and region. Based on type, the market can be segmented into electronic support (ES), and electronic attack (EA). Based on platform, the market is segmented into airborne, and ground-based. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Driver:

A pivotal force driving the expansion of the global electronic warfare market is the escalating integration of cutting-edge electronic equipment, alongside accompanying weapon systems. This widespread integration has ushered in a burgeoning demand for electronic warfare systems adept at efficiently detecting and neutralizing potential threats. Consequently, defense establishments and military entities are channeling investments into electronic warfare capabilities, with the goal of fortifying situational awareness and furnishing comprehensive protection against the evolving spectrum of electromagnetic threats.

Restraint:

A significant hindrance confronting the expansion of the global electronic warfare market is the potential repercussions stemming from cuts in defense budgets, particularly in critical regions like the United States and Europe. Such reductions in financial allocations for defense purposes have the potential to curtail the available resources for the advancement and acquisition of sophisticated electronic warfare systems. Furthermore, economic considerations within developing regions may impose limitations on their capacity to allocate substantial funds toward elevating their military capabilities. These combined factors have the potential to impede both market growth and the widespread adoption of cutting-edge electronic warfare technologies.

Market Trends:

A prominent trend shaping the global electronic warfare market is the heightened emphasis on the incorporation and advancement of artificial intelligence (AI) functionalities within electronic warfare systems. AI brings forth the potential to amplify decision-making prowess, streamline processes through automation, and elevate the overall efficacy of electronic warfare operations. The integration of AI algorithms for instantaneous threat analysis, precise target identification, and the implementation of adaptive response mechanisms holds the promise of significantly augmenting situational awareness and curtailing response durations. This trend mirrors the escalating acknowledgment of AI's transformative potential in bolstering the capabilities and efficacy of electronic warfare systems, particularly within intricate and dynamic operational contexts.