Research and Markets, the world’s largest market research store, have added the "Electronic Warfare Market - Global Forecast to 2025" to its offering. The report projects that the Electronic Warfare market size will 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.
Factors such as 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.
The Electronic Warfare market includes major players such as BAE Systems, Northrop Grumman, Raytheon Technologies, Lockheed Martin, Thales Group, L3Harris Technologies, Israel Aerospace Industries, and SAAB.
These players have spread their business across various countries includes North America, Europe, Asia Pacific, Middle East, Africa, and Latin America. COVID-19 has affected the Electronic Warfare market growth to some extent, and this varies from country to country. Industry experts believe that the pandemic has not affected the demand for Electronic Warfare in defense applications.
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 upgradation 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 upgradation 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.
North America: The largest contributing region in the Electronic Warfare market.
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 (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. Key manufacturers of EW systems in the US include Lockheed Martin, Northrop Grumman, L3Harris Technologies, 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.
In November 2015, Lockheed Martin Corporation was awarded a USD 51 million contract for AN/ALQ-217 Electronic Support Measure (ESM) systems from Northrop Grumman for the US Navy's E-2D aircraft program. In September 2019, Lockheed Martin Corporation received a contract worth USD 281 million from the US Army to develop the Sentinel A4 system. This is a high-performance air and missile defense radar that provides additional capability against aerial threats.
Click here to view the Electronic Warfare Market by Capability and Region - Global Forecast to 2025 report.
Market Dynamics
Drivers
- Increasing Procurement of Electronic Warfare Systems due to Growing Transnational and Regional Instability
- Rising Deployment of Electronic Warfare Capabilities on Unmanned Platforms
- Increasing Need for Missile Detection Systems
- Increasing Adoption of Integrated Electronic Warfare Systems
- Increasing Preference for Modern Warfare Techniques
- Technological Advancements in Warfare Techniques
- Growing Focus on Cognitive Electronic Warfare Technologies
- Increasing Use of Electronic Warfare Systems for Geospatial Intelligence Gathering
Opportunities
- Development of New-Generation Air and Missile Defense Systems
- Increased System Reliability and Efficiency due to Traveling-Wave Tube-Based Solutions
- Use of Electronic Warfare Capabilities for Civil Aviation
- Deployment of Electronic Warfare Capabilities on Space Platform
- Demand for Electronic Warfare Systems with Enhanced Capabilities
Challenges
- High Cost of Deployment
- Inability to Address Multiple/Diverse Threats
Industry Trends
- Key Technological Trends in Electronic Warfare Market
- Next-Generation Jammers (Ngj)
- Advanced Materials in Applications
- Adaptive Radar Countermeasures (Arc) Technology
- Convergence of Cyber Operations and Electronic Warfare on the Battlefield
- Hardware Material Technologies
- Silicon (Si)
- Gallium Nitride (Gan)
- Gallium Arsenide (Gaas)
Company Profiles
Key Players
- L3Harris Technologies, Inc.
- Raytheon Technology Corporation
- Lockheed Martin Corporation
- Saab Ab
- Bae Systems plc.
- The Boeing Company
- Northrop Grumman Corporation
- Cobham plcLeonardo Spa
- Textron
- Elbit Systems Ltd
- General Dynamics
- Israel Aerospace Industries Ltd. (Iai)
- Thales Group
- Aselsan A.S.
- Teledyne Technologies International Corp
- Hr Smith Group of Companies
- Radioelectronic Technologies Jsc (Kret)
Other Major Players
- L&T Defence
- Bharat Electronics Ltd (Bel)
- Tata Advanced Systems Limited
- Hindustan Aeronautics Limited
- Shoghi Communications Ltd
- Data Patterns (India) Pvt. Ltd
