Electronic Warfare Market to Grow by USD 6.29 Billion from 2024-2028, Driven by Increased UAV Use and AI's Impact on Market Trends - Technavio

NEW YORK, Nov. 4, 2024 /PRNewswire/ -- Report on how AI is redefining market landscape - The global electronic warfare (EW) market size is estimated to grow by USD 6.29 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of about 5.3% during the forecast period. Increasing use of UAVs in electronic warfare is driving market growth, with a trend towards adoption of open RFM architecture. However, barriers impeding adoption of new technology poses a challenge.Key market players include Airbus SE, ASELSAN AS, BAE Systems Plc, Cobham Ltd., Elbit Systems Ltd., General Dynamics Corp., Israel Aerospace Industries Ltd., L3Harris Technologies Inc., Leonardo Spa, Lockheed Martin Corp., Mercury Systems Inc., Northrop Grumman Corp., RTX Corp., Saab AB, Sierra Nevada Corp., SRC Inc., Teledyne Technologies Inc., Terma AS, Thales Group, and The Boeing Co..

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Market Driver

The Electronic Warfare (EW) Industry has experienced significant growth due to technological breakthroughs and the integration of electronics into military hardware. During the forecast period, EW will play a pivotal role in defense forces' strategic advantage. UAV systems and ground surveillance are key applications, offering real-time intelligence for effective situational awareness. Communication jamming, electronic support, protection, attack capabilities are essential components of EW equipment, enhancing military capabilities. 

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Market Challenges

• The Electronic Warfare Industry has experienced significant growth due to the integration of electronics in military hardware. Technological breakthroughs, such as the AN/ULQ-35 CREW Duke system, have revolutionized defense forces' capabilities in interrupting IED communication links. This vehicle-mounted CREW system offers user-friendly operation, superior protection, and low power consumption. The forecast period sees continued investment in UAV system usage, ground surveillance, communication jamming, and electronic support for protection and attack applications.

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Segment Overview

This electronic warfare (ew) market report extensively covers market segmentation by

1. Application 
• 1.1 Support
• 1.2 Protection
• 1.3 Attack
2. Platform 
• 2.1 Airborne
• 2.2 Ground
• 2.3 Naval
• 2.4 Space
3. Geography 
• 3.1 North America
• 3.2 APAC
• 3.3 Europe
• 3.4 Middle East and Africa
• 3.5 South America

1.1 Support- The Electronic Warfare Industry experiences continuous growth due to technological breakthroughs and the integration of advanced electronics into military hardware. During the forecast period, defense forces will increasingly utilize electronic warfare for protection, attack, and situational awareness. UAV systems and ground surveillance play significant roles in electronic support, enabling threat recognition and targeting. Communication jamming is a crucial aspect of electronic warfare, preventing adversaries from utilizing radio frequencies and other communication channels. These advancements contribute to the enhancement of military capabilities and the maintenance of strategic superiority.

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Market Research Overview

The Electronic Warfare (EW) market encompasses a range of technologies and systems designed to protect, disrupt, or deceive adversarial electronic systems. These solutions include Electronic Countermeasures (ECM), Electronic Intelligence (ELINT), and Electronic Warfare Systems (EWS). The Breakthrough Technologies in this domain include Synthetic Aperture Radar (SAR), Ground-Penetrating Radar (GPR), and Militarized Artificial Intelligence (MIAI). The US and Australia are significant contributors to the EW market, with Warfare and Defense Electronics being key sectors. The market is driven by the increasing use of technology in military operations and the need for advanced electronic warfare systems to counteract adversarial threats. The market is forecasted to grow significantly due to the increasing investment in defense and security technologies. The future of EW lies in the integration of advanced technologies such as Machine Learning, Artificial Intelligence, and Big Data Analytics to enhance situational awareness and improve decision-making capabilities.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

• Application
• Support
• Protection
• Attack
• Platform
• Airborne
• Ground
• Naval
• Space
• Geography
• North America
• APAC
• Europe
• Middle East And Africa
• South America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

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SOURCE Technavio