The latest report by IMARC Group, titled “Electronic Warfare Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” offers a comprehensive analysis of the electronic warfare market forecast. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global electronic warfare market size reached US$ 18.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 27.5 Billion by 2032, exhibiting a growth rate (CAGR) of 4.45% during 2024-2032.
Electronic warfare (EW) encompasses the strategic use of the electromagnetic spectrum to intercept, manipulate, or disrupt enemy electronic systems, while protecting friendly communications and navigational aids from similar attacks. The three primary branches of electronic warfare include electronic attack (EA), electronic protection (EP), and electronic support (ES). EA involves the offensive use of electromagnetic energy, anti-radiation weapons, or direct energy weapons to attack enemy equipment.
EP focuses on defending against enemy EW efforts and maintaining the efficacy of one's electronic systems. ES comprises the identification, interception, and analysis of electromagnetic signals for the purpose of decision-making. The advantage of electronic warfare lies in its ability to enhance the effectiveness of military operations without traditional physical confrontation, providing significant strategic and tactical benefits in both offensive and defensive operations.
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Market Trends:
The global market is driven by a multitude of factors, including escalating geopolitical tensions, the need for advanced defensive capabilities, and the continuous evolution of modern warfare tactics. Along with this, the growing necessity for nations to equip their armed forces with sophisticated electronic countermeasures to safeguard critical infrastructure and maintain tactical advantages is a significant market catalyst. In addition, the integration of artificial intelligence and machine learning technologies is revolutionizing the EW landscape, enabling more adaptive and autonomous systems that can predict and counter threats more efficiently.
Apart from this, the rise in military modernization programs worldwide, particularly in countries such as the United States, China, and Russia, fuels substantial investments in the development of new and advanced EW capabilities. Moreover, the increasing prevalence of asymmetric warfare tactics and the reliance on digital and satellite communications in military operations necessitate robust electronic warfare systems to counteract potential cyber-attacks and signal intrusions, further stimulating market growth.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Aselsan A.?
- BAE Systems plc
- Elbit Systems Ltd.
- General Dynamics Corporation
- Israel Aerospace Industries
- L3Harris Technologies Inc.
- Leonardo S.p.A.
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Raytheon Technologies Corporation
- Saab AB
- Teledyne Technologies Incorporated
- Textron Inc.
- Thales Group
- The Boeing Company
Electronic Warfare Market Segmentation:
Our report has categorized the market based on region, product, equipment, capability and platform.
Breakup by Product:
- EW Equipment
- EW Operational Support
Breakup by Equipment:
- Jammer
- Countermeasure System
- Decoy
- Directed Energy Weapon
- Others
Breakup by Capability:
- Electronic Protection
- Electronic Support
- Electronic Attack
Breakup by Platform:
- Land
- Naval
- Airborne
- Space
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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