Electronic Warfare Market Research Report - Global Forecast till 2027

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 2027

ID: MRFR/A&D/1023-CR | February 2021 | Region: Global | 169 pages

Market Snapshot


Global Electronic Warfare Market is expected to reach USD 18,333.4 Million by 2027 registering 4.03% CAGR during the study period.


Electronic warfare is a military action involving the use of electromagnetic energy to determine, reduce, or prevent the hostile use of the electromagnetic spectrum by the enemy. It includes various products such as jammers, decoy, countermeasure systems, directed weapons, and antennas. The primary applications of electronic warfare include attack, defense, surveillance, and collision avoidance, mainly in the military sector.


Global Electronic Warfare Market is growing rapidly due to increasing transnational disputes & wars, the emergence of cognitive electronic warfare technology, and the increasing use of integrated electronic warfare systems. However, the preference of developing countries to procure conventional warfare systems rather than electronic warfare systems and vulnerability to cyberattacks are some factors that are expected to hamper the growth of the global market during the forecast period.


Moreover, countries around the world are focusing on enhancing counter-terrorism measures to protect lives and ensure safety. Hence, electronic warfare systems are vital in enhancing situational awareness and for defending and attacking purposes. Electronic warfare systems offer flexibility and increase the capability of defense organizations to defeat terrorist or enemy attacks successfully. Thus, the demand for EW systems and solutions has been increasing over the last few years.


Global Electronic Warfare Market Growth, 2019–2027
Electronic Warfare Market


North America accounted for a 43.15% share of the global electronic warfare market in 2019, followed by Europe. Asia-Pacific accounted for the third-largest market share in 2019. The region is expected to be the fastest-growing market for electronic warfare during the review period.


Synopsis


Global Electronic Warfare Market has been segmented based on Category, Product, Platform, and Region.


By Category, the global electronic warfare market is segmented into electronic attack (EA), electronic support (ES), and electronic protection (EP).


By Product, the global electronic warfare market is classified into jammers, and countermeasure system, decoy, directed energy weapon, 2G antennas, 3G antennas, 4G antennas, 5G antennas, and others.


By Platform, the global electronic warfare market is divided into land-based, airborne, and naval.


Based on Region, the electronic warfare market is divided into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America.


Global Electronic Warfare Market Segmentation
Electronic Warfare Market


The Electronic Attack Segment is Expected to Grow at the Highest CAGR During the Forecast Period: MRFR


Electronic attack (EA) is the key component of electronic warfare. It includes a set of methods and technologies, which use electromagnetic energy or anti-radiation weapons to attack facilities, personnel, or equipment. Generally, EA is used to impact an adversary’s use of the electromagnetic spectrum (EMS). In the case of EMS energy, this action is generally referred to as "jamming" and can be performed on communication or radar systems. In the case of anti-radiation weapons, this often includes missiles or bombs, which can home in on a specific signal (radio or radar) and follow the path directly, thus destroying the system broadcasting. For instance, an anti-radiation missile such as AARGM will follow an enemy’s radar signal back to the transmitter, destroying the enemy’s ability to use radar for anti-aircraft operations. Rapid technological advancements in electronic attack systems are driving the growth of this segment. Furthermore, key players are focused on winning contracts with major countries to expand their business. For instance, in October 2020, Northrop Grumman announced the company had secured a USD 1.16 billion contract to provide EA capability improvements for the AN/SLQ-32(V) electronic warfare system for installation aboard the US Navy for aircraft carriers and amphibious assault ships. Thus, increasing collaborative deals are driving the growth of the EA segment. It is expected to exhibit a 4.40% CAGR during the forecast period.


Regional Analysis


Electronic Warfare Market has been segmented, by region, into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America.


Global Electronic Warfare Market Share, By Region, 2019 (%)
Electronic Warfare Market


North America accounted for the largest market share in 2019. It is expected to be the largest market for electronic warfare during the forecast period. Asia-Pacific is expected to be the fastest-growing market for electronic warfare technologies during the review period due to increasing product demand from military forces and homeland security agencies. There have been numerous territorial disputes along the India-Pakistan and India-China borders, as well as in the Indian Ocean, the Himalayas, and the South China Sea. This has led the militaries of these countries and neighboring countries to adopt electronic warfare to counter the rise in cross-border activities. Manufacturers are also focused on developing electronic warfare with advanced technologies to boost combat capabilities. The electronic warfare market in Asia-Pacific is expected to register a CAGR of 5.16% during the forecast period.


Companies Covered


The Key Players in the Global Electronic Warfare Market are BAE Systems (UK), General Dynamics Corporation (US), Lockheed Martin Corporation (US), Raytheon Technologies Corporation (US), Saab AB (Sweden), Northrop Grumman Corporation (US), Thales Group (France), Boeing (US), Leonardo SpA (Italy), and HENSOLDT (Germany).


Key Developments



  • In October 2020, Northrop Grumman Corporation signed a contract with the US Army worth USD 91 million to provide the AN/APR-39D(V)2 digital radar warning receivers.

  • In October 2019, Lockheed Martin signed a contract with Northrop Grumman Corporation (US) worth USD 50.9 million to provide AN/ALQ-217 Electronic Support Measure (ESM) systems for the US Navy’s E-2D aircraft program.

  • In July 2018, HCL BAE Systems inaugurated its new office in Alabama, the US. The establishment of the new office enabled the company to strengthen its position in the US defense market and offer enhanced services to the US Army.


Market Segmentation



  • By Category: Electronic Attack (EA), Electronic Support (ES), and Electronic Protection (EP)

  • By Product: Jammers and Countermeasure System, Decoy, Directed Energy Weapon, 2G Antennas, 3G Antennas, 4G Antennas, 5G Antennas, and Others

  • By Platform: Land-Based, Airborne, and Naval

  • By Region: North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.


Key Questions Addressed by the Report



  • What was the historic market size (2019)?

  • Which segmentation (Category/Product/Platform) is driving market growth?

  • What will be the growth rate from 2019 to 2027?

  • Who are the key players in this market?

  • What are the strategies adopted by the key players?



Frequently Asked Questions (FAQ) :


A 4.03% CAGR is forecasted for the global market by the year 2027.

Leonardo SpA (Italy), FishEye (U.S.), General Dynamics Corporation (U.S.) are the renowned contenders in the market.

The global market is estimated to reach USD 18,333.4 Million by 2027.

The materialization of cognitive electronic warfare technology is likely to aid in market expansion.

The high investment level from the North American region is estimated to put it at the top position in the upcoming period.