Electronic Warfare Market Research Report Information, by Category (Electronic Support, Electronic Attack, and Electronic Protection), by Platform (Airborne, Naval, Land, and Unmanned) and by Region – Global Forecast till 2023
Market Scenario
Electronic warfare equipment is the use of the electromagnetic spectrum to efficiently deny its use by an enemy. There is a huge demand for electronic warfare equipment’s that satisfy the demand for intelligence, surveillance, and reconnaissance capabilities. Naval vessels and stealth aircraft are difficult to detect. Therefore the adoption of electronic warfare systems becomes crucial. However, there are some shortcomings in electronic warfare market, such as challenges in adoption of new technology and issues with emitter classification.
The electronic warfare system is an integral part of the military systems. Technology advancement in the field of electronics makes it favorable to use in military systems. Moreover, the technology proliferation of electronic and associated equipment has led to the development of electronic warfare systems. These systems are needed to detect enemy weapons. The rise in popularity of electronic system integrated with patrol vessels and unmanned aerial vehicles (UAV), is estimated to drive the market in the forecast period.
The factors that are responsible for the growth of electronic warfare market are transnational disputes & wars, the emergence of cognitive electronic warfare technology, growth in system reliability & efficiency due to the introduction of traveling-wave tube based solutions. Other key drivers expected to contribute in the growth of electronic warfare market are growth in electronic warfare in unmanned aerial vehicles and demand for counter radio-controlled improvised explosive device electronic warfare systems.
The electronic warfare market is segmented based on category and platform type. On the basis of category type, the electronic support is widely used and covers the majority of electronic warfare market due to increasing adoption rate in developing countries. On the basis of the platform type, the airborne has the largest demand for the electronic warfare due to increase in the use of airborne electronic warfare electronics for military application.
The market is segmented into North America, Asia Pacific, Europe, Middle East & Africa and South America. North America region is expected to dominate the market in future due to the high adoption rate of new technology and defense capabilities. North America is followed by Asia Pacific in electronic warfare market due to the increased investment in the defense sector. In addition to that, the economic concerns in developing regions may hinder the market growth. Thus, the electronic warfare market is expected to grow at approximately 4.5% CAGR during the period 2017 to 2023.
Key Players
The key players in electronic warfare market are BAE Systems Plc. (U.K.), General Dynamics (U.S.), Lockheed Martin (U.S.), Northrop Grumman (U.S.), Raytheon (U.S.), FishEye (U.S.), Mercury Systems (U.S.), Saab (Sweden), Thales (France), and Ultra Electronics (U.K.).
Scope of Report
The report for Global Electronic Warfare Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
