Electronic Warfare Market Set to Grow at a CAGR of 4.2% from 2020 to 2025

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Electronic Warfare Market Set to Grow at a CAGR
of 4.2 from 2020 to 2025 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. Significant
technological advancements and integration of
electronics in military equipment are resulting
in a shift towards multilayered defense
systems, which is expected to drive the
electronic warfare during the forecast
market period.
Adding to these factors, the
increase systems ground
in the use of UAV
and the need for
and communication jamming serve the
surveillance
as opportunities for electronic warfare market.
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Impact on the Electronic warfare
Market 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. 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
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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). The North America
US is recognized as one of the key manufacturers,
exporters, and users of EW systems worldwide and
is known to have the strongest EW capabilities.
Key manufacturers of EW systems in the US include
Lockheed Martin, Northrop Grumman, L3Harris
Technologies, Inc., and Raytheon. The new defense
strategy of the US indicates an increase in EW
spending to include advanced capabilities in
existing defense systems of the US Army to
counter incoming threats. Key Market Players The
electronic warfare market is dominated by a few
globally established players such as BAE
Systems Plc. (UK), Northrop Grumman
Corporation (US), Raytheon Technologies
Corporation (US), Lockheed Martin Corporation
(US), Thales Group (US), L3Harris Technologies,
Inc. (US), Israel Aerospace Industries (Israel),
and SAAB AB (Sweden), among others, are the key
manufacturers that secured electronic warfare
contracts in the last few years. Major focus was
given to the development of new products due to
the changing requirements of armed forces across
the world. Ask for Sample Report
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