Electronic Warfare Market Size, Share, Growth Analysis, By Capability(Electronic Protection, Electronic Support and Electronic Attack), By Equipment(Jammer, Countermeasure System, Decoy, Directed Energy Weapon), By Product(EW equipment, EW operational support), By Region - Industry Forecast 2024-2031

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.