The Global Electronic Warfare Market is forecasted to be worth USD 36.75 billion by 2027, according to a current analysis by Emergen Research. The key factors influencing the market include increasing usage of geospatial intelligence, rising cybercrimes involving the data breaches from the confidential governing bodies, rising threats & tensions in asymmetric warfare, and growing investment in the defense bodies & foreign intelligence platforms, among others.
Besides, extensive emphasis on the common operating picture (COP) of the military operations, and higher capabilities of information dominance, battlefield awareness, and decision advantages of the command and control systems are the crucial reasons behind the enormous growth of this market. Also higher usage of space-based command and control infrastructure and smart city command center applications are expected to fuel the market growth.
Factors influencing the growth of the Electronic Warfare market and impacting the growth of the industry are studied extensively in the report. The report considers the COVID-19 pandemic as one of the key influencing factors of the Electronic Warfare market. The report discusses in detail the positive and negative impact of the pandemic on the Electronic Warfare industry. The supply chain disruptions and economic volatility have altered the dynamics of the Electronic Warfare industry. The report explores the effects of the pandemic on the market and its key segments and regions. It also offers a forecast estimation of the market growth in a post-COVID-19 scenario.
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Further key findings from the report suggest
- In May 2020, BAE Systems announced the completion of the accusation of the business of Airborne Tactical Radios of Raytheon Technologies Corporation. This acquisition will help deliver game-changing electronic mission and control solutions for their customers.
- The Defense Intelligence is growing with the fastest CAGR of 6.3% throughout the projected period owing to its higher incorporation of intelligence protocols, including the nextgen communication, surveillance, reconnaissance, information fusion & data analytics, electronic welfare & spectrum dominance, and cyber control systems, among others.
- The regions in the Asia Pacific lead by China, India, Japan, and South & North Korea are allotting a considerable budget for their defense grooming purposes and commercial applications. Besides, growing incidences of interpersonal stand-offs, asymmetric warfare, along with a higher economic development, enhancement in the technological industry deliberately help propel the Electronic Warfare market enforcement.
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The Electronic Warfare research report also includes an insightful study of the prominent players of the industry along with their business overview, strategic planning, and business expansion plans adopted by them. This assists the readers and business owners in formulating strategic expansion and investment plans. The report focuses on mergers and acquisitions, joint ventures, collaborations, partnerships, corporate and government deals, and others. The report also talks about the expansions these prominent players are vying for in the key regions of the market. The report focuses on the detailed analysis of the technological and product developments undertaken by these companies.
The key companies studied in the Electronic Warfare report are:
The Boeing Company, BAE Systems, Lockheed Martin, Rockwell Collins, Elbit Systems, Northrop Grumman, Thales Group, Leonardo S.p.A., Raytheon Company, and General Dynamics, among others.
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On the basis of regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the R&D sector.
For the purpose of this report, Emergen Research has segmented into the global Electronic Warfare Market on the basis of Application, Platform, Component, Type, and Region:
- Application Outlook (Revenue: USD Billion; 2017-2027)
- Military Commands
- Homeland Security & Cyber Protection
- Military Critical Infrastructure
- Routine Operations
- Emergency Services
- Transportation System
- Platform Outlook (Revenue: USD Billion; 2017-2027)
- Component Outlook (Revenue: USD Billion; 2017-2027)
- EW Equipment
- Identification Friend or Foe
- Radar Warning Receiver
- Laser Warning Receiver
- IR Missile Warning System
- Direction Finders
- Directed Energy Weapons
- Anti-radiation Missiles
- Directional Infrared Countermeasures (DIRCM)
- Countermeasure Dispenser System (CMDS)
- Self-protection EW Suite
- Electromagnetic Shielding/Hardening
- Emission Control
- Interference Mitigation
- Counter UAV System
- Electronic Warfare Operational Support (EWOS)
- EW Equipment
- Type Outlook (Revenue: USD Billion; 2017-2027)
- Electronic Support (ES)
- Electronic Attack (EA)
- Electronic Protection (EP)
- Electronic Support (ES)
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The report addresses the following key points:
- The report provides a forecast of market drivers, restraints, and future opportunities for the Electronic Warfare market
- The report further analyses the changing market dynamics
- Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
- Extensive competitive landscape mapping with profiles of the key competitors
- In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
- Revenue forecast, country scope, application insights, and product insights
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