USD 18.73 billion
Report ID:
SQMIG45I2184 |
Region:
Global |
Published Date: August, 2024
Pages:
197
|Tables:
62
|Figures:
75
Global Electronic Warfare Market size was valued at USD 9.60 Billion in 2022 poised to grow from USD 10.80 Billion in 2023 to USD 27.71 Billion by 2031, growing at a CAGR of 12.5% in the forecast period (2024-2031).
Raising geopolitical tensions and the ensuing defense modernization projects are the main factors contributing to the global rise of the electronic warfare (EW) market. Quantum computing and artificial intelligence (AI) applications for electronic attack (EA), electronic protection (EP), and electronic support (ES) are two areas where increased financing for research and development (R&D) activities drives innovation in EW technology. The infusion of machine learning algorithms for adaptive response mechanisms and real-time threat analysis is another major technology breakthrough. A possible representation of the market's inclination towards more progressive and automated electronic warfare solutions is the launch of cognitive systems that employ artificial intelligence (AI) in detecting, identifying, as well as overcoming threats with low levels of human involvement.
The execution of military operations in a situation where information is crucial is made more difficult by the development of modern technologies in the electromagnetic spectrum. With the development in electronic threats, electronic warfare is becoming more and more necessary to ensure unhindered access to electromagnetic environment defence activities. It is an important aspect of information warfare to use electronic warfare in both offensive and defensive counter-information operations. This has been demonstrated through a carefully designed doctrine and policy on electronic warfare (EW) put into practice worldwide. During such operations, there are several activities involved including electronic security, electronic masking, electronic counter-countermeasures, radio frequency and infrared countermeasures as well as anti-jamming capabilities. The economies of the United States and Canada are two of the region's most robust.
Global Market Size
USD 18.73 billion
Largest Segment
Electronic Support (ES)
Fastest Growth
Electronic Support (ES)
Growth Rate
5.2% CAGR
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The global electronic warfare market is segmented based on Capability, Equipment and Product. In terms of Capability, the market is trifurcated into Electronic Protection, Electronic Support and Electronic Attack. Based on the Equipment, the market is grouped into Jammer, Countermeasure System, Decoy, Directed Energy Weapon and Others. In terms of Product, the market is divided into EW equipment and EW operational support. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Central & South America and Middle East & Africa.
Analysis by Capability
As per categorization by capability, the market is classified as electronic protection, electronic support and electronic attack. Among these, electronic support earned the largest share and continues to dominate the market. Electronic Support (ES) systems, which improve situational awareness through sophisticated signal intelligence and surveillance capabilities, are a major area of innovation in the global electronic warfare market. Tactical communication, information superiority, and threat identification are heavily reliant on it which makes Electronic Warfare a market leader reason of which is the driving force behind the world’s demand for military and defense.
Due to the expanding cybersecurity threats and the need for strong defences, Electronic Protection (EP) is expected to grow at the quickest rate in the global electronic warfare market. Enhanced EP technologies are in high demand as countries prioritise operational resilience and protection against growing threats. They shield vital military assets from jamming and interference.
Analysis by Equipment
Countermeasure Systems, which are vital for neutralising hostile threats through electronic jamming and deception, are seeing significant innovation in the global electronic warfare market. Their supremacy results from the growing necessity of a defence against UAVs and sophisticated missile systems, which makes them indispensable to modern warfare and strategic superiority.
The requirement for effective countermeasures against complex threats and the growing military applications for jammers are expected to propel the segment of the global electronic warfare market towards its fastest rate of growth. With this information's timeliness, countries rely more on electronic warfare strategies for their defensive purposes to improve combat effectiveness by denying access to enemy communications and navigation systems.
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Due to its substantial defense budget, sophisticated technology infrastructure, and establishment of major industrial participants, North America is the market leader for electronic warfare globally. Specifically, the US invests substantially in R&D for the next generation of electronic warfare equipment, putting it at the forefront of military innovation. There is an increasing need for electronic warfare capabilities due to strategic initiatives aimed at strengthening national security against emerging threats like cyber warfare and unmanned aerial systems. Relying on powerful partnership between state bodies and arms providers, swiftness of technological advancements becomes a reality. Due to its focus on sustaining military superiority and operational preparedness, this region is concretely positioned as the leader in electronic combat.
Rising security risks and a determination to update military capabilities are propelling Europe to become the region with the greatest rate of growth in the global electronic warfare market. Due to the ongoing political tensions, particularly regarding Eastern European matters, many European nations have had to upgrade their defenses using state-of-the-art electronic warfare devices. Most contemporary technology now forms part of defense strategies while projects that promote interoperability are being organized by the European Union and NATO. Increased R&D expenditures and the growing need for efficient defenses against electronic and cyberthreats have also established Europe as a major player in the field of electronic warfare and stimulated substantial market expansion.
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Drivers
Increasing Aatention to Electronic Warfare with Cognitive Technology
Usage of Travelling Wave Tube Technology Growing
Restraints
Issues with Interoperability and Complexity
War Dangers are Evolving Quickly
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The competitive environment in the global electronic warfare market is defined by the existence of significant defence contractors and technology companies developing cutting-edge equipment. Lockheed Martin, BAE Systems, Thales Group, Raytheon Technologies, and Northrop Grumman are major players. These companies aim to secure their market positions and focus on developing advanced electronic support, protection and countermeasure items to combat increasing hazards through strategic partnerships, takeovers and funding for next generation capabilities.
Top Player’s Company Profiles
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SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, in summing up, worldwide current electronic combat zone business will be boosted significantly due to increasing international political strife and fast technological advances. Additionally, advances in artificial intelligence (AI) and quantum computing enhance the operational efficiency and threat response of electronic warfare. Moreover, with countries placing more emphasis on modernizing their militaries there is also a rising demand for sophisticated electronic combat systems like cognitive systems or drones within them all together.
The need for robust electronic safeguarding and sustainability systems in response to shifting circumstances of electronic attacks has become unavoidable so that nations can defend their military property successfully and maintain operational primacy under difficult conditions. If we consider its core components, then it is a bright future for the market as there is innovation.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 9.60 Billion |
Market size value in 2031 | USD 27.71 Billion |
Growth Rate | 12.5% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Electronic Warfare Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Electronic Warfare Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Electronic Warfare Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Electronic Warfare Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG45I2184
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