The demand for electronic warfare is expected to reach US$ 17856.2 million in 2022, rising at a CAGR of 5.6% to US$ 30763.9 million from 2022 to 2032. A CAGR of 4.2% was recorded for the electronic warfare market from 2017 to 2021.
A majority of people have seen and are familiar with warships, fighter aircrafts, battle tanks, and submarines in action, either directly or via television or films. But fight involving the use of radar emissions and radio waves is also going on in the atmosphere. This silent battle of beams which uses focused energy such as laser light, radio waves to confuse or disable enemy’s electronics is commonly called electronic warfare (EW).
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Electronic warfare uses entire range of electromagnetic spectrum. Hence it is sometime also known as electromagnetic warfare. Electronic warfare equipment began to be developed back during World War – II, since then electronic warfare system has become more specialized and sophisticated. Electronic Warfare is a military action which involves the use of electromagnetic energy to control, exploit, decrease, or avoid the hostile use of electromagnetic spectrum and it also involves sensing the radar of an incoming missile and listening i.e. collecting an enemy’s radio signals.
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 that is 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 encourage the growth of electronic warfare market. Electronic warfare has become an essential requirement of strategic landscape for all war fighters.
Situations such as political conflicts, territorial disputes, and cold-wars are expected to positively impact the electronic warfare market. 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 has a positive impact on the electronic warfare market include increased system reliability, efficiency and effectiveness due to the introduction of travelling-wave tube- (TWT) technology used for electronic warfare application, and emergence of cognitive electronic warfare technology.
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Global Electronic Warfare Market: Restraints
Lack of technical knowhow, 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 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
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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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