Global Electronic Warfare Industry Market was valued at US$ 14.4Bn in 2019 and is expected to reach US$ 21Bn by 2026, at a CAGR of 4.83% during a forecast period
The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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Global Electronic Warfare Industry Market Dynamics
Development across the electromagnetic spectrum, the rising expenses in the military via private and government sectors are estimated to grow. With the rising tensions among countries, modern warfare will be technological in nature. The remotely operated and expendable drones, tanks, and similar battlefield machinery replacing the human element remain the main aspects of it. Worldwide, the countries have started to be abreast with the possible threats from electronic warfare. This factor is expected to impact more on the growth of the Electronic Warfare Industry Market.
Global Electronic Warfare Industry Market Segment Analysis
Based on the vertical, the ground segment is expected to hold the largest share in the market during the forecast period because the ground terminals will continue to be a challenge and area of focus for global militaries. The approach to acquiring ground terminals will most likely change. The ground segment is the ensemble of all the ground-based stations that give support and communicate with spacecraft, like satellites or scientific probes. The ground station realizes all bidirectional communication tasks between the mission control center and the satellite from the ground. In the product, the electronic support segment is also expected to lead the market growth.
The report provides a detailed list of drivers and restraints of the market, which are influencing the market growth.
Major driving factors of the electronic warfare industry market are playing a vital role in war fighter detecting, preventing, deterring, and defeating attacks by aircraft. UAVs, missiles, radars, maritime vessels, hostile space systems, and cyber threats demand electronic warfare equipment that satisfies the demand for intelligence, surveillance, and reconnaissance capabilities.
Globally, the usage of commercial drones has considerably increased which has posed a serious threat to public safety and the violation of privacy. The naval vessels and stealth aircraft are difficult to detect and electronic protection will be followed by electronic warfare support systems for safety from the enemy. Adoption of new technology and high R&D expenses will act as a restraint to the market.
Global Electronic Warfare Industry Market Regional Analysis
In terms of region, North America is expected to hold the largest share in the market during the forecast period owing to the increased maritime security sector. The US military has continued to make robust related investments in the electronic warfare system domain. Military and defense are expected to emerge as the largest end-use segment over the forecast period due to an increase in R&D activities by defense prime contractors. The US market has increased in the sheer volume of sales in the electronic warfare market.
The report includes a detailed study of Porter’s Five Forces model to analyze the different factors affecting the growth of the market. Moreover, the study also covers a market attractiveness analysis, PESTLE analysis, Value Chain Analysis, and SWOT analysis.
Global Electronic Warfare Industry Market, Key Highlights:
• Global Electronic Warfare Industry Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints, and opportunities influencing the growth of the Global Electronic Warfare Industry Market
• Global Electronic Warfare Industry Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Electronic Warfare Industry Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Electronic Warfare Industry Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA), and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning, and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion, and competitive landscape of the key players operating in the Global Electronic Warfare Industry Market are also profiled.
Scope of the Report for Electronic Warfare Industry Market: Inquire before buying
Global Electronic Warfare Industry Market, by Product
• Electronic Support
• Electronic Attack
• Others
Global Electronic Warfare Industry Market, by Application
• Anti-radiation Missiles
• Jammers
• Radar Warning Receiver
• Self-protection EW Suite
• Antennas
• Interference Mitigation
• Counter UAV System
• IR Missile Warning System
• Laser Warning Receiver
• Identification Friend or Foe
• Others
Global Electronic Warfare Industry Market, by Vertical
• Airborne
• Naval
• Ground
• Space
Global Electronic Warfare Industry Market, by Region
• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• South America
Global Electronic Warfare Industry Market Key Players
• Lockheed Martin
• Harris
• Rockwell Collins
• SAAB
• Alliant Techsystems, Inc.
• Boeing
• Northrop Grumman
• BAE Systems
• Thales
• Cobham
• Elbit Systems
• Raytheon
• Thales
• Exelis Inc.
• Israel Aerospace Industries Ltd.
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