Overview and Scope
Electronic warfare refers to a method of conducting military and intelligence missions that strategically employs electromagnetic or directed energy as well as integrated cyber capabilities. A military force’s ability to anticipate adversary threats and respond to attacks electronically depends on how well it utilizes the entire electromagnetic (EM) spectrum, which includes radio waves, microwaves, millimeter waves, infrared, visible light, ultraviolet light, and gamma rays.
Sizing and Forecast
The electronic warfare market size has grown steadily in recent years. It will grow from $28.46 billion in 2023 to $29.85 billion in 2024 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to military modernization programs, need for spectrum dominance, electronic countermeasure development,.
The electronic warfare market size is expected to see strong growth in the next few years. It will grow to $36.69 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to enhanced electronic support measures , directed energy weapons, hypersonic threats and ew, space-based ew systems, . Major trends in the forecast period include cyber-electronic convergence, quantum technologies in electronic warfare, advanced electronic support measures, next-generation radar technologies, collaboration with industry partnerselectromagnetic maneuver warfare..
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Segmentation & Regional Insights
The electronic warfare market market covered in this report is segmented –
1) By Products: EW Equipment, Electronic Warfare Operational Support (EWOS)
2) By Capability: Electronic Protection, Electronic Support, Electronic Attack
3) By Platform: Land, Naval, Airborne, Space
Top Major Players:
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North America was the largest region in the green cement market in 2023.
North America was the largest region in the electronic warfare market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electronic warfare market market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing military expenditure is expected to propel the growth of the electronic warfare market going forward. Military expenditure, often referred to as defense spending or defense budget, is the total amount of financial resources that a country allocates for its military and defense-related purposes. Electronic warfare capabilities contribute to military expenditure by improving the efficiency and effectiveness of defense operations, reducing costs, and safeguarding military assets and personnel. For instance, in April 2023, according to SIPRI (Stockholm International Peace Research Institute), a Sweden-based international organization, in 2022, the total amount spent on military spending worldwide climbed by 3.7% in real terms, hitting a record $2240 billion. China’s military budget also increased for the 26th year in a row. Therefore, the increasing military expenditure drives the growth of the electronic warfare market .
Key Industry Players
Major companies operating in the electronic warfare market market report are Lockheed Martin Corporation, BAE Systems PLC, Saab AB, RTX Corporation, Thales Group, General Dynamics Corporation, L3Harris Technologies Inc., Northrop Grumman Corporation, Israel Aerospace Industries Ltd., Leonardo SPA, Teledyne Technologies Inc., Elbit Systems Ltd., The Boeing Company, Textron Inc., ASELSAN AS, Hensoldt AG, Cobham Plc, The Boeing Company, Harris Corporation, Cohort plc, Mercury Systems Inc., Chemring Group PLC, Ultra Electronics Holdings plc, Kratos Defense & Security Solutions Inc., Elettronica S. p. A., Rohde & Schwarz GmbH & Co. KG, Terma A/S, Indra Sistemas SA, RADA Electronic Industries Ltd., QinetiQ Group PLC, SRC Inc.
The electronic warfare market market report table of contents includes:
1. Executive Summary
2. Electronic Warfare Market Market Characteristics
3. Electronic Warfare Market Market Trends And Strategies
4. Electronic Warfare Market Market – Macro Economic Scenario
5. Global Electronic Warfare Market Market Size and Growth
…
31. Global Electronic Warfare Market Market Competitive Benchmarking
32. Global Electronic Warfare Market Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Electronic Warfare Market Market
34.Electronic Warfare Market Market Future Outlook and Potential Analysis
35. Appendix
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