Electronic Warfare Market
Electronic Welfare Market Size was valued at USD 15.5 billion in 2022. The Electronic Welfare market industry is projected to grow from USD 16.12 Billion in 2023 to USD 20.43 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4.03% during the forecast period (2023 - 2030).
The development of multilayered defensive systems as a consequence of significant technological breakthroughs as well as the integration of electronics into military hardware is anticipated to drive the industry for electronic warfare during the forecast timeframe. In addition to these elements, the market for electronic warfare is presented with prospects by the rise in UAV system usage, the demand for ground surveillance, plus communication jamming.
Military operations in a world dependent on information are more difficult to carry out as a result of the development of superior electromagnetic spectrum technologies. With a surge in electronic threats, electronic warfare is becoming more and more necessary to ensure unhindered access to electromagnetic environment defense activities. In both offensive and defensive counter-information operations, electronic warfare is a crucial component of information. Electronic warfare Market theory and policy have been created and embraced by nations all over the world. Infrared, as well as radio frequency countermeasures, electronic masking, electronic counter-countermeasures, electronic security, plus anti-jamming capabilities, are all part of electronic warfare efforts.
Regional Classification
Depending on geographic regions, the worldwide electronic warfare market has been divided into Europe, North America, Asia-Pacific, the Middle East & Africa, plus Latin America.
The North American area generated a sizable market share for electronic warfare in 2019 and is anticipated to continue doing so throughout the research period. In addition, the industry for electronic warfare in Asia-Pacific is expected to develop at the quickest rate during the projected period as a result of growing demands from military forces and domestic security organizations. Owing to territorial conflicts over the borders between India and China, the Himalayas, India, and Pakistan, as well as the Indian Ocean, there is an increase in the consumption of electronic warfare technology in the Asian-Pacific region.
Therefore, to enhance their cross-border efforts, these bordering nations accounted for electronic warfare technologies. Additionally, to improve capabilities and development, producers on the international market are increasingly favoring cutting-edge electronic warfare technology.
Competitive Landscape
Electronic Warfare Market Players has seen tremendous growth, due to demand for enhancing situational awareness and increasing product demand from military forces. However, risks from cyberattacks and high deployment cost would challenge the firms active in the electronic warfare market. Furthermore, companies using growth strategies to stay ahead in the market are expected to help the market during the forecast period 2020 to 2030. As the report suggests that the market will register a CAGR of 4.03% and reach a higher value in the coming years, the market report highlights key areas market-based companies need to focus on. The electronic warfare market research report projects a long-term growth till 2030. Based on analysis based on SWOT and Porters’ Five Force Model, the electronic warfare market will rise during the forecast period 2019 to 2030, however the companies need to move ahead with caution. The market research report highlights such key areas.
Market Segmentation
By Product:
The global Electronic Warfare Market has been divided into jammers, 2G, 3G, 5G, decoys, directed energy weapons, countermeasure systems, 4G antennas, and others depending on product segments.
The Electronic Warfare Market Analysis report claims that these items' unique qualities are what drive the demand on the international market.
By Category:
The worldwide electronic warfare market has been divided into three categories depending on the category segment: electronic attack, electronic support, plus electronic protection (EA). In the defense sector, there are particular requirements for these three categories.
Electronic Warfare Market Size
By Platform:
Based on the platform segment, the worldwide electronic warfare market has been divided into naval, land-based, as well as airborne categories. By creating a sizeable electronic warfare industry during the research period, these platforms improve market performance.
Industry News
Rapid advancement in bilateral militarized combat between nations has increased the urgency with which those nations' armed forces must fortify their security systems. New fighting techniques and weaponry are being created to suit the needs of combat. All defensive systems employed in combat operations now incorporate electronic warfare technologies as a result of the development of digital battlefields. As a consequence of these systems, governments procurement priorities have changed to keep up with changing military requirements.
Electronic Warfare Market Research Report: Information By Category (Electronic Attack (EA), Electronic Support (ES) and Electronic Protection (EP)), Product (Jammers, Countermeasure System, Decoy, Directed Energy Weapon, 2G Antennas, 3G Antennas, 4G Antennas, 5G Antennas and Others), Platform (Land-based, Airborne and Naval) and Region (North America, Europe, Asia-Pacific, Latin America and the Middle East & Africa) - Forecast to 2030
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