Electronic Warfare Market worth $30.32 Billion by 2022

1
The Electronic Warfare Market is estimated at USD
24.20 Billion in 2017 and is projected to reach
USD 30.32 Billion by 2022, at a CAGR of 4.61
from 2017 to 2022. The increasing procurement of
electronic warfare systems due to the growing
transnational
and regional across the expected to
market for
instability world is drive the electronic
warfare. The rising use of
electronic technologies geospatial gathering is
warfare for intelligence expected to
further drive the electronic warfare market
during the forecast period. Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNew
.asp?id1301 The space platform segment is
projected to grow at the highest CAGR during the
forecast period. Based on platform, the space
segment of the electronic warfare market is
projected to grow at the highest CAGR from 2017
to 2022. With the introduction of satellite
communication, military forces are trying to jam
enemy satellites to seize their communication.
To protect communication satellites from being
jammed, militaries are procuring electronic
countermeasure systems for satellites. The
electronic support segment is projected to grow
at the highest CAGR during the forecast
period. Based on capability, the electronic
support segment of the electronic warfare market
is projected to witness the highest growth during
the forecast period. Electronic support systems
are deployed on various platforms. They provide
communication and electronic intelligence to the
military forces. Asia Pacific is projected to be
the fastest-growing market for electronic warfare
during the forecast period. The electronic
warfare market in the Asia Pacific region is
projected to grow at the highest CAGR during the
forecast period. This growth can be attributed to
the high demand from countries such as China,
India, and Japan. The military budgets of these
countries are increasing year-on-year due to the
increasing adoption of advanced warfare
techniques. These countries are adopting
electronic warfare systems rather than
traditional systems to keep up their military
force superiority. Key Market Players
2
Major players operating in the electronic warfare
market include Harris (US), BAE Systems (UK),
Raytheon (US), Lockheed Martin (US), Boeing (US),
SAAB (Sweden), Northrop Grumman (US), Israel
Aerospace Industries (Israel), and Thales
(France). Ask for Sample Report
_at_ https//www.marketsandmarkets.com/requestsampleN
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