Electronic Warfare Market Statistics, Opportunities and Forecast to 2025 - PowerPoint PPT Presentation

About This Presentation
Title:

Electronic Warfare Market Statistics, Opportunities and Forecast to 2025

Description:

The electronic warfare market size is projected to grow from USD 17.0 billion in 2020 to USD 20.9 billion by 2025, at a CAGR of 4.2% from 2020 to 2025. – PowerPoint PPT presentation

Number of Views:38

less

Transcript and Presenter's Notes

Title: Electronic Warfare Market Statistics, Opportunities and Forecast to 2025


1
According to the latest market research the
report "Electronic Warfare Market by Capability
(Support, Attack, Protection), Platform
(Airborne, Naval, Ground, Space), Product (EW
Equipment, EW Operational Support), and Region -
Global Forecast to 2025", size is projected to
grow from USD 17.0 billion in 2020 to USD 20.9
billion by 2025, at a CAGR of 4.2 from 2020 to
2025. Significant technological advancements and
integration of electronics in military
equipment are resulting in a shift towards
multi-layered defense systems, which is expected
to drive the electronic warfare market during
the forecast period. Adding to these factors,
the increase in the use of UAV systems and the
need for ground surveillance and communication
jamming serve as opportunities for the electronic
warfare market. Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNew
.asp?id1301 Electronic warfare is now among the
crucial requirements of the defense and
intelligence agencies across countries. Hence,
military and intelligence agencies are the key
end-users, showcasing greater demand for
electronic warfare equipment. Some industry
experts have noted that the COVID-19 pandemic has
not affected the demand for electronic warfare,
especially for military end use. Companies such
as Lockheed Martin Corporation (US), Northrop
Grumman Corporation (US), Elbit Systems Ltd.
(Israel), and L3Harris Technologies (US) received
contracts for the supply of electronic warfare
to the armed forces of various nations in the
first half of 2020, showcasing continuous demand
during the COVID-19 crisis. However, due to the
precautionary measures undertaken by government
agencies to minimize the spread of COVID-19,
many manufacturing facilities have been
temporarily closed, which has resulted in delays
in order deliveries. This trend seems to vary
with countries in 2020. While countries in Europe
show steady growth in demand for electronic
warfare a more significant increase in demand is
observed in North America. Below are some
important developments that showcase the increase
in demand for electronic warfare in the defense
sector during the COVID-19 crisis in the North
American region. The outbreak of COVID-19 has
moderately impacted the electronic warfare market
on the supply side. This impact is due to the
delays in order deliveries, owing to large-
scale disruptions in the supply chain in affected
countries. Some companies across non-hotspot
countries have resumed partial operations in line
with government safety guidelines. Their
production is slow, the primary reason being the
shortage of
2
labor as well as inadequate supply of components
from other suppliers and subsidiaries. However,
in terms of demand, the impact on the market is
expected to remain moderate since funds for
deliveries were already allocated prior to the
pandemic. Increasing procurement of electronic
warfare systems due to growing transnational and
regional instability The increasing frequency of
bilateral militarized conflicts among countries
is progressing at a rapid pace, which has led to
the growing need for defense forces of countries
to strengthen their security measures. New
weapons and combat systems are being developed
to cater to warfare needs. The advent of digital
battlefields has propelled the incorporation of
electronic warfare technology in all defense
systems used during combat missions. These
systems have resulted in a change in the
procurement priorities of nations to keep pace
with emerging warfare needs. Based on capability,
the support segment of the electronic warfare
market is projected to witness the highest CAGR
during the forecast period In terms of
capability, the market is segregated into
electronic warfare support, protection, and
attack. The electronic support segment is
projected to grow at the highest CAGR during the
forecast period. Intelligence, surveillance
reconnaissance (ISR) has improved the
situational awareness capabilities of militaries
and subsequently enhanced their decision-making
process. The increased focus on situational
awareness capabilities from defence sector is
expected to support the growth of electronic
warfare support segment in the upcoming
years. Electronic warfare equipment sub segment
of the electronic warfare market by product is
projected to witness the highest CAGR owing to
increasing focus on defence equipment
upgradation across the globe Based on product,
the electronic warfare market has been segmented
into electronic warfare equipment and electronic
warfare operational support. The electronic
warfare equipment segment is expected to grow at
a higher CAGR owing to the increasing
procurement of electronic warfare equipment for
the ugaradation of various platforms such as
naval vessel, land vehicle and aircraft due to
benefits such as advance electronic
protection,electronic attack and electronic
support applications. The North America market
is projected to contribute the largest share from
2020 to 2025 in the electronic warfare
market The US and Canada are key countries
considered for market analysis in the North
American region. This region is expected to lead
the market from 2020 to 2025, owing to increased
investments in electronic warfare technologies by
countries in this region. Defense forces of
countries in the North American region are
involved in the development of technologically
advanced EW systems. Well-established and
prominent manufacturers of electronic warfare
systems in this region include Lockheed Martin
(US), Northrop Grumman (US), L3Harris
Technologies, Inc. (US), and Raytheon (US). Ask
for Sample Report _at_ https//www.marketsandmarkets.
com/requestsampleNew.asp?id1301
3
About MarketsandMarkets MarketsandMarkets
provides quantified B2B research on 30,000 high
growth niche opportunities/threats which will
impact 70 to 80 of worldwide companies
revenues. Currently servicing 7500 customers
worldwide including 80 of global Fortune 1000
companies as clients. Almost 75,000 top officers
across eight industries worldwide approach
MarketsandMarkets for their painpoints around
revenues decisions. MarketsandMarketss flagship
competitive intelligence and market research
platform, "Knowledgestore" connects over 200,000
markets and entire value chains for deeper
understanding of the unmet insights along with
market sizing and forecasts of niche
markets. Contact Mr. Aashish Mehra
MarketsandMarkets INC. 630 Dundee Road Suite
430 Northbrook, IL 60062 USA 1-888-600-6441
Write a Comment
User Comments (0)
About PowerShow.com