Global Electronic Warfare Market Size, Forecasts, And Opportunities
Learn about the global electronic warfare market through The Business Research Company, which provides information on electronic warfare market size, electronic warfare market drivers and restraints, electronic warfare market players, the COVID-19 impact on the electronic warfare market, and more.
The global electronic warfare market size is expected to grow from $26.54 billion in 2021 to $27.87 billion in 2022 at a compound annual growth rate (CAGR) of 5.04%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global electronic warfare market size is expected to reach $34.37 billion in 2026 at a CAGR of 5.38%.
The increasing transnational and regional instability is driving the growth of the electronic warfare market. Transnational and regional instability refers to the political instability in neighbouring countries.
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The electronic warfare market consists of sales of electronic warfare products and services by entities (organizations, sole proprietors, partnerships) that manufacture electronic warfare systems. Electronic warfare systems have the ability to sense, protect, and communicate by using electromagnetic spectrum signals such as radio, infrared, or radar. These can also identify assess, attack or impede enemy assaults in land, air, sea.
Global Electronic Warfare Market Segments Include:
By Product: EW Equipment, Electronic Warfare Operational Support (EWOS)
By Capability: Electronic Protection, Electronic Support, Electronic Attack
By Platform: Land, Naval, Airborne, Space
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the electronic warfare market in 2021.
Artificial intelligence with neural networks is an emerging trend in the electronic warfare market. New advanced technologies in electronic warfare have a great influence on military power. AI-driven algorithms can be useful in a wide range of domains of electronic warfare such as processing of radar signals, detection of jammers, and many others. AI solutions can enable an electronic warfare system to operate autonomously.
TBRC’s electronic warfare market report covers:
Major Market Players: Lockheed Martin Corporation, BAE Systems PLC, Saab AB, Raytheon Company, Thales Group, General Dynamics Corporation, L3Harris Technologies, Inc., Northrop Grumman Corporation, Israel Aerospace Industries Ltd. (IAI), Leonardo SPA, Teledyne Technologies, Inc., Elbit Systems Ltd., The Boeing Company, Textron and Rockwell Collins
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Electronic Warfare Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides electronic warfare market overviews, analyzes and forecasts market size, share, electronic warfare market players, electronic warfare market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s electronic warfare market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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