Electronic Warfare Market - Trends Forecast Till 2028

Market Overview

The global Electronic Warfare Market size is projected to reach a CAGR of 6.2% from 2021-2028.

Electronic Warfare (EW) capabilities include the ability of the armed forces to use electromagnetic signal equipment such as radio, infrared, or radar to sense enemy vehicles, protected the allied forces from their attacks, and support the allied forces with electromagnetic spectrum sensing.

Significant technological advancements and integration of electronics in military equipment are resulting in a shift towards multilayered defense systems, which is contributing in the long-term expansion for Electronic Warfare Market.

Regional Analysis

The US and Canada are key countries considered for market analysis in the North American region. This region is expected to lead the market, owing to increased investments in electronic warfare technologies by countries in this region. Defense forces of countries in the North American region are involved in the development of technologically advanced EW systems.

Insights are provided for each region and major countries within the regions

Competitive Landscape

Key Players

• Lockheed Martin Corporation
• BAE Systems plc
• Northrop Grumman Corporation
• Raytheon Technologies Corporation
• L3Harris Technologies, Inc.

Recent Developments

• In July 2021, Aselsan announced that the company has delivered Next-Generation Electronic Attack System SANCAK (MILKAR-4A2 high-frequency jamming system) to the Turkish Armed Forces (TAF). The electronic countermeasure system was developed for electronic attack operations against the high-frequency band communication systems located on different platforms in the field.
• In May 2021, the United States Naval Sea Systems Command awarded a contract of USD 74.8 million to provide advanced electronic warfare (EW) systems for amphibious assault ships and aircraft carriers. According to the contract, the Northrop Grumman will provide Surface Electronic Warfare Improvement Program (SEWIP) Block 3 electronic attack systems and hardware design modifications to the AN/SLQ-32(V) surface warship EW system.

Reasons to Acquire

• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Electronic Warfare Market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope