11-Jun-2024 | Zion Market Research
Zion Market Research has published a new report titled “Electronic Warfare Market By Capability (Electronic Attack, Electronic Protection, and Electronic Support), By Platform (Airborne-Based, Ground-Based, Naval-Based, and Space-Based), and By Product (EW Equipment and Electronic Warfare Operational Support): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024–2032”. According to the report, the global electronic warfare market was around USD 19.23 billion in 2023 and is expected to reach approximately USD 30.03 billion by 2032, at a CAGR of around 5.20% between 2024 and 2032.
Electronic warfare is any operation performed via directed energy or electromagnetic spectrum to manage the spectrum, attack the enemy, or avoid enemy attacks. The system is also used to sense the radar of incoming missiles and listen to it. The system is crucial part of the military and defense, as it both attacks and prevents attacks.
Browse the full “Electronic Warfare Market By Capability (Electronic Attack, Electronic Protection, And Electronic Support), By Platform (Airborne-Based, Ground-Based, Naval-Based, And Space-Based), By Product (EW Equipment And Electronic Warfare Operational Support (EWOS)), And By Region: Global Industry Perspective, Comprehensive Analysis, And Forecast, 2024–2032” Report at https://www.zionmarketresearch.com/report/electronic-warfare-market
The continual developments in the electromagnetic spectrum and regional and international conflicts are major drivers of the electronic warfare market. Moreover, the wide use of electronic and associated tools with weapon systems is also leading to the electronic warfare market development, as it is necessary to detect and counter attacks. Furthermore, small electronic systems can be integrated with unmanned aerial vehicles and patrol vessels, which is another growth driver of the electronic warfare market. However, the high deployment cost of electronic warfare systems may retrain this market. Nevertheless, this system is accurate, efficient, and reliable, which is a growth opportunity for the electronic warfare market.
The electronic warfare market is fragmented based on capability, platform, and product. By platform, the market includes airborne-based, ground-based, naval-based, and space-based EW. The airborne-based EW segment is expected to grow notably, owing to its rising demand in most of countries. The capability segment comprises an electronic attack, electronic protection, and electronic support. The electronic attack uses electromagnetic energy, anti-radiation weapons, or directed energy intending to either wretch, offset, or destroy the enemy’s combat capability. This action can be performed by radar systems or communication systems. Electronic protection involves actions taken by soldiers to avoid any kind of use of the electromagnetic spectrum. Electronic support comprises actions taken by officials to locate, track, identify, and monitor unintended or intended electromagnetic energy.
The North American electronic warfare market is anticipated to grow in the future owing to the high adoption of the latest tools and technologies and growing counter-insurgency. Moreover, the region has strong defense capabilities that help in achieving the desired effect by operating in specific environments. Furthermore, the region uses electronic warfare to integrate with existing small electronic devices to increase productivity and ensure improved security. The Asia Pacific electronic warfare market is predicted to grow rapidly, owing to high investment in the defense sector and rising initiatives are taken by regional governments to develop the existing warfare systems to improve their capabilities during war or conflict.
Some key players of the electronic warfare market include Lockheed Martin, Rockwell Collins, SAAB, Harris, Boeing, Northrop Grumman, Teledyne Defense, BAE Systems, Thales, Raytheon Co., L-3 Communications, IAI Elta, and Alliant Techsystems.
This report segments the global electronic warfare market into:
Global Electronic Warfare Market: Capability Analysis
Global Electronic Warfare Market: Platform Analysis
Global Electronic Warfare Market: Product Analysis
Global Electronic Warfare Market: Regional Analysis
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