Electronic Warfare Market Trends and Growth Analysis, Industry Share, Business Opportunities Assessment, Challenges and Regional Forecast to 2027

 The global electronic warfare market is anticipated to gain momentum from the ever-increasing technological advancements and the rising adoption of cyber EW worldwide. Cyber EW helps in refining the offensive and defensive purposes. It is capable of covering a wide range of cyberspace and the electromagnetic environment. This information is given by Fortune Business Insights™ in a new report, titled, “Electronic Warfare Market Size, Share & Covid-19 Impact Analysis, By Domain (Electronic Attack, Electronic Protection, and Electronic Support), By Equipment (Jammers, Antennas, Radar Warning Receiver, Anti-radiation Missiles, Directed Energy Weapons, and Others), By Platform (Air-based, Sea-based, Land-based), and Regional Forecast, 2020-2027.” The report further states that the electronic warfare market size was USD 26.50 billion in 2019 and is projected to reach USD 29.46 billion by 2027, thereby exhibiting a CAGR of 4.81% during the forecast period.

Drivers & Restraints-

Integration of UAVs & Electronic Warfare Systems to Spur Growth

Over the past few years, the usage of unmanned aerial vehicles (UAVs) in the military forces across the globe has surged. It occurred because of the monitoring, imagery mapping, and surveillance of combat operations. The integration of surveillance data and imagery with EW can provide more information about the situational awareness. It is a major factor that is set to contribute to the electronic warfare market growth in the coming years. Several prominent companies and ruling bodies are investing huge sums in the exploitation of this relationship between the EW and the UAVs. However, EE systems are very expensive. Hence, the developing countries prefer conventional systems. It may hinder the market growth.

Segment-

Electronic Support Segment to Lead Owing to Rising Demand for ISR from Defense Sector

In terms of domain, the market is segregated into electronic support, electronic protection, and electronic attack. Out of these, the electronic support segment is expected to exhibit the largest electronic warfare market share in the coming years and remain in the leading position. This growth is attributable to the high demand for intelligence, surveillance, and reconnaissance (ISR) techniques and equipment from the defense sector worldwide.

Browse Detailed Research Report with Impact of COVID-19: https://www.fortunebusinessinsights.com/electronic-warfare-market-103290 

List of the Top Players Profiled in Electronic Warfare Market Research Report are:

• Lockheed Martin Corporation Overview
• BAE Systems
• Raytheon Company
• General Dynamics Corporation
• L3Harris Technologies Inc.
• The Boeing Company
• Thales Group
• Leonardo SPA
• Northrop Grumman Corporation
• Saab AB
• Teledyne Technologies
• Israel Aerospace Industries
• Cobham PLC

Regional Analysis-

Presence of Numerous Industry Giants to Favor Growth in Europe

Geographically, North America held USD 9.28 billion in terms of revenue in 2018. This growth is attributable to the rising terrorism, as well as political and territorial disputes occurring in this region. In addition to that, the U.S. Department of Defense (DoD) is set to invest approximately USD 25.8 billion in the research, development, test, and evaluation (RDT&E) in the coming years. Also, it is planning to spend around USD 27.8 billion to procure electronic warfare systems. It would also propel the market growth in this region.

Europe, on the other hand, is set to remain in the second position stoked by the presence of major companies, such as Saab AB, BAE Systems, and Thales Group in this region. Also, the rising investments in the development and procurement of electronic warfare systems would augment growth. Asia Pacific would exhibit rapid growth backed by the need to enhance the warfighting capabilities of the defense forces in the developing countries, such as India and China.

Competitive Landscape-

Renowned Companies Focus on Receiving New Contracts from the Defense Forces

The market is fragmented with the presence of a large number of companies worldwide. Amongst them, Lockheed Martin Corporation is in the top position on account of its persistent research and development activities to unveil state-of-the-art products in the market. Nowadays, several companies are focusing on bagging new contracts from government agencies to deliver their in-house products.