According to projections, the market for electronic warfare will grow from US$ 17,856.2 million in 2022 to US$ 30,763.9 million in 2032, at a CAGR of 5.6%. The market for electronic warfare grew at a CAGR of 4.2% between 2017 and 2021.
The majority of people have seen warships, fighter jets, combat tanks, and submarines in person or have been exposed to them through media like television or movies. There is, however, also an aerial conflict using radio waves and radar emissions. Electronic warfare (EW) is the name given to this clandestine combat between focused energy beams that employs radio waves and laser light to confuse or interfere with an adversary’s technology.
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The entire electromagnetic spectrum is used in electronic warfare. As a result, it is occasionally referred to as electromagnetic warfare. During World War II, the first electronic warfare tools were created. Since then, these systems have advanced in sophistication and specialization. To control, exploit, lessen, or avoid hostile use of the electromagnetic spectrum, a military tactic known as electronic warfare is used. It also entails listening to, or gathering, an enemy’s radio communications, as well as sensing the radar of oncoming missiles.
Global Electronic Warfare Market: Drivers
Development in the electromagnetic spectrum drives the use of electronic equipment and associated weapon systems which are required to sense and counter these weapons which are included among the factor driving the electronic warfare market growth. Increasing adoption of visual and infrared techniques such as laser and other technologies are expected to encourage the growth of the electronic warfare market. Electronic warfare has become an essential requirement of the strategic landscape for all warfighters.
Situations such as political conflicts, territorial disputes, and cold wars are expected to positively impact the electronic warfare market. The increasing popularity of small electronic systems that can be integrated within platforms such as unmanned systems is also expected to drive electronic warfare market growth.
Other factors that have a positive impact on the electronic warfare market include increased system reliability, efficiency, and effectiveness due to the introduction of traveling-wave tube- (TWT) technology used for electronic warfare applications, and the emergence of cognitive electronic warfare technology.
Global Electronic Warfare Market: Restraints
Lack of technical know-how, adaptability to the new technology, and the laws formed to limit the investment dedicated to the R&D in this sector in some regions are included among a few restraints that negatively impact the growth of the global electronic warfare market.
Key Companies Profiled
- BAE Systems Plc.
- Harris Corporation
- General Dynamics
- Elbit Systems
- Lockheed Martin
- Raytheon
- Northrop Grumman
- Boeing, Cobham Plc.
- Tata Power SED
Key Segments Profiled in the Electronic Warfare Industry Survey
Electronic Warfare Market by Category Types:
- Electronic Protection
- Electronic Warfare Support
- Electronic Attack System
Electronic Warfare Market by Product :
- Jammer Systems in Electronic Warfare
- Radar Warning Receivers in Electronic Warfare
- Directed Energy Weapons in Electronic Warfare
- Others in Electronic Warfare
Electronic Warfare Market by Platform :
- Naval Electronic Warfare
- Airborne Electronic Warfare
- Ground Electronic Warfare
- Unmanned Electronic Warfare
Electronic Warfare Market by Region:
- North America Electronic Warfare Market
- Latin America Electronic Warfare Market
- Europe Electronic Warfare Market
- Asia Pacific Electronic Warfare Market
- Middle East and Africa Electronic Warfare Market
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Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
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