Electronic Warfare Market worth $19.4 billion by 2028 - Exclusive Report by MarketsandMarkets™

CHICAGO , April 9, 2024 /PRNewswire/ -- The Electronic Warfare Market is valued at USD 10.8 billion in 2023 and is projected to reach USD 19.4 billion by 2028, at a CAGR of 12.5% from 2023 to 2028 according to a new report by MarketsandMarkets™. Electronic Warfare (EW) encompasses the capability to utilize the electromagnetic spectrum-including signals like radio, infrared, or radar-for sensing, protection, and communication purposes. Simultaneously, EW has the capacity to disrupt, deny, and degrade the adversaries' utilization of these signals. Electronic Warfare (EW) serves as a vital tool for managing the electromagnetic (EM) spectrum, enabling the detection, analysis, and tracking of potential threats. This enables countries and their allies with essential situational awareness necessary for preemptive defensive measures, diplomatic insights, and offensive strategies across all levels, even prior to conflicts emerging. EW facilitates Joint Electromagnetic Spectrum Operations (JEMSO), empowering armed forces to exploit, attack, and safeguard the EM operational environment.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1301

Browse in-depth TOC on "Electronic Warfare Market" 417 – Tables
85 – Figures
393 – Pages

Electronic Warfare Market Report Scope:

Key drivers include geopolitical tensions, technological advancements, and increased electronic threats. Leading players like BAE Systems (UK), Raytheon Technologies Corporation (US), Northrop Grumman (US), L3Harris Technologies, Inc. (US), Lockheed Martin Corporation (US), Israel Aerospace Industries (Israel), Elbit Systems (UK) develop advanced EW solutions leveraging sensor technology and cyber defense expertise to meet military and government needs. The main developers and users of active Electronic Warfare (EW) systems and equipment comprise a diverse group of nations, including the United States, United Kingdom, Canada, China, Russia, Israel, India, Japan, North Korea, France, Germany, and Sweden. These countries leverage a wide array of EW technologies and intelligence-gathering services to bolster their defense capabilities. Additionally, numerous other nations around the globe utilize EW technologies and services through allied security agreements, further enhancing their security posture and operational effectiveness

Based on the platform, the space segment by platform is estimated to have the highest CAGR in 2023.

Based on the platform, the space segment is estimated to lead the electronic warfare market from 2023 to 2028. The space platform is experiencing significant growth in the electronic warfare market due to several factors. Firstly, the heightened reliance on satellite communications and navigation systems has made space-based assets vulnerable to electronic threats, driving the need for space-based electronic warfare capabilities. Technological advancements have facilitated the development of sophisticated systems capable of detecting and countering these threats effectively. Moreover, the proliferation of space-based sensors and satellites has increased the demand for electronic warfare solutions to safeguard these assets. As space becomes more crowded and contested, governments and defense organizations are investing in space-based electronic warfare to protect their interests. Additionally, the commercialization of space has led to increased investment in electronic warfare capabilities by companies and organizations operating in space. Overall, these factors contribute to the rapid growth of the space platform in the electronic warfare market.

Based on the end-use, OEMs segment is estimated to have the highest CAGR in 2023.

In 2023, the OEMs segment is anticipated to dominate the Electronic Warfare Market, with highest CAGR. The Original Equipment Manufacturers (OEMs) segment is poised for dominance in the electronic warfare market due to several key factors. OEMs play a pivotal role in designing and producing advanced electronic warfare systems, leveraging their expertise to meet the demands of military and defense customers worldwide. With established relationships and a reputation for delivering comprehensive solutions, including maintenance and support services, OEMs have a competitive edge in securing lucrative contracts. Additionally, their commitment to innovation ensures they remain at the forefront of the market, driving further growth and solidifying their position as leaders in electronic warfare technology.

Based on the capability, the electronic attacks segment is estimated to have the highest CAGR in 2023.

The electronic attack segment is further sub-segmented into active and passive. This dominance is attributed to several key factors. Firstly, electronic attack capabilities are essential for disrupting and neutralizing adversary communication and radar systems, making them indispensable in modern warfare scenarios. Secondly, advancements in technology have enhanced the effectiveness and versatility of electronic attack systems, enabling them to counter increasingly sophisticated threats. Additionally, rising geopolitical tensions and the proliferation of electronic warfare capabilities among both state and non-state actors are driving the demand for robust electronic attack solutions. Overall, these factors position the electronic attack segment for substantial growth and dominance in the EW market.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=1301

Based on regions, the Middle East market is estimated to have the highest CAGR during 2023.

The Middle East region is expected to have the highest market share in the Electronic Warfare Industry in 2023. Firstly, the region's geopolitical landscape is characterized by ongoing conflicts and tensions, driving the demand for advanced defense technologies, including EW systems. Secondly, governments in the Middle East are heavily investing in military modernization and technological advancements to enhance their defense capabilities, particularly in response to evolving threats in the region. Additionally, the increasing adoption of EW systems across various defense sectors, including land, air, and naval forces, further fuels market growth. Overall, these factors position the Middle East region as a key driver of growth and dominance in the EW market.

Key Players

Prominent companies in the Electronic Warfare Companies are BAE Systems (UK), Raytheon Technologies Corporation (US), Northrop Grumman (US), L3Harris Technologies, Inc. (US), Lockheed Martin Corporation (US), Israel Aerospace Industries (Israel), Elbit Systems (UK). These industry leaders, headquartered in various countries, drive innovation and excellence in electronic warfare globally.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=1301

Browse Adjacent Market: Aerospace and Defence Market Research Reports & Consulting

Related Reports: 

C4ISR Market Size, Share & Industry Growth Analysis Report by Platform (Airborne, Land, Naval, Space), Solution (Hardware, Application Software, Services), Application, End User (Defense & Space, Homeland Security, Commercial), Installation and Region - Global Forecast to 2028

Directed Energy Weapons Market by Technology (High Energy Lasers, High-power Radio Frequency, Electromagnetic Weapons, Sonic Weapons), Platform (Land, Airborne, Naval, Space), Application, Product, Range and Region - Global Forecast to 2027

Military Lighting Market by End Use (Ground, Marine, Airborne), Product (LED, Non-LED), Type (Internal Lighting, External Lighting, Others) and Region (North America, Europe, Asia Pacific, Middle East, Rest of the World) - Forecast to 2027

Drone Simulator Market Size, Share, Trends & Growth Analysis by Application (Commercial, Military), Component (Software, Hardware), Device Type (Augmented Reality, Virtual Reality), Drone Type (Fixed Wing, Rotary Wing), System Type and Region - Global Forecast to 2027

UAV (Drone) Market by Point of Sale, Systems, Platform (Civil & Commercial, and Defense & Government), Function, End Use, Application, Type (Fixed Wing, Rotary Wing, Hybrid), Mode of Operation, Mtow, Range & Region - Global Forecast to 2027

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/electronic-warfare-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/electronic-warfare.asp

Logo: https://mma.prnewswire.com/media/2297424/MarketsandMarkets_Logo.jpg

SOURCE MarketsandMarkets