The latest report by IMARC Group, titled ‘Electronic Warfare Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,' offers a comprehensive analysis of the electronic warfare market growth. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global electronic warfare market size reached US$ 18.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 27.5 Billion by 2032, exhibiting a growth rate (CAGR) of 4.45% during 2024-2032.
Electronic warfare (EW) refers to military tactics that involve the use of the electromagnetic spectrum to sense, protect, and communicate information during armed conflicts, while denying the same capabilities to an adversary. This critical domain of defense encompasses three main branches: electronic attack (EA), electronic protection (EP), and electronic support (ES). The electronic attack involves the use of electromagnetic energy to disrupt enemy systems, whereas electronic protection safeguards friendly communication and radar systems against EW attacks. Electronic support entails the interception and identification of electromagnetic emissions to gather intelligence. Advantages of EW include its ability to control the battlespace's electromagnetic environment, thereby enhancing the effectiveness of military operations without traditional physical engagement. Additionally, the application of advanced electronic warfare ensures reduced detection and targeting by enemy forces, significantly enhancing the survivability and operational capabilities of military assets.
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Market Trends:
The global market is experiencing robust growth, driven by escalating security threats and advancements in military technology. Along with this, the intensifying geopolitical tensions and the increasing conflicts at global hotspots necessitate continual advancements in defense capabilities, which include sophisticated electronic warfare systems. Countries are heavily investing in upgrading their military equipment with modern EW systems to enhance defensive and offensive operations. In addition, the shift towards asymmetric warfare and the rising use of drones and unmanned systems on the battlefield further influences the demand for advanced EW solutions capable of countering and neutralizing threats.
Apart from this, the integration of artificial intelligence and machine learning in electronic warfare systems is becoming a significant trend, enabling more efficient and autonomous response mechanisms to emerging threats. Furthermore, the proliferation of digital warfare technologies and the adoption of network-centric warfare approaches are also key factors driving the adoption of electronic warfare systems worldwide. These trends, coupled with substantial defense spending by leading nations, are propelling the growth of the electronic warfare market.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Aselsan A.?
- BAE Systems plc
- Elbit Systems Ltd.
- General Dynamics Corporation
- Israel Aerospace Industries
- L3Harris Technologies Inc.
- Leonardo S.p.A.
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Raytheon Technologies Corporation
- Saab AB
- Teledyne Technologies Incorporated
- Textron Inc.
- Thales Group
- The Boeing Company
Electronic Warfare Market Segmentation:
Our report has categorized the market based on region, product, equipment, capability and platform.
Breakup by Product:
- EW Equipment
- EW Operational Support
Breakup by Equipment:
- Jammer
- Countermeasure System
- Decoy
- Directed Energy Weapon
- Others
Breakup by Capability:
- Electronic Protection
- Electronic Support
- Electronic Attack
Breakup by Platform:
- Land
- Naval
- Airborne
- Space
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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