The Electronic Warfare Market Size was valued at US$ 10.7 billion in 2023, is expected to reach USD 27.70 billion by 2031 and grow at a CAGR of 12.6% over the forecast period 2024-2031.
The advancement of modern electromagnetic spectrum technologies challenges military operations in an information-reliant environment. With the development in electronic threats, there is a greater requirement for electronic warfare to support unhindered access to electromagnetic environment defense activities. Electronic warfare is a major component of information warfare and is used in both offensive and defensive counter-information operations. Electronic warfare policy and doctrine have been developed and embraced by nations all over the world. Infrared and radio frequency countermeasures, electronic masking, electronic security, electronic counter-countermeasures, and anti-jamming capabilities are all part of electronic warfare efforts.
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During the projected period, the worldwide electronic warfare market is expected to grow due to an increase in innovations and the creation of new warfare. The Iranian Army Ground Force's Research and Self-Sufficiency Jihad Organization, for example, debuted a plethora of electronic warfare and other electronic equipment. The combat technologies would be deployed to safeguard Iranian drones in enemy territory as well as to disrupt opposing drones. With the rising threat of hostile drones and remotely activated IEDs, investments in electronic warfare equipment for defence against such threats have surged. Edge Group, for example, launched Nav-Control-G, a specialist counter-drone capability, and V-Protect, a radio frequency communication jamming technology. Electronic warfare systems protect Iranian VIPs and key commanders on the move.
Another factor driving global market expansion is increased spending on military modernization. Furthermore, the ongoing support of the target audiences, such as electronic warfare manufacturing suppliers, component providers, government organizations, and others, is fueling the global market's expansion and creating greater electronic warfare market revenue during the review period.
MARKET DYNAMICS
KEY DRIVERS
The evolution of cognitive electronic warfare technologies
Rising transnational disputes and wars
RESTRAINTS
High machinery budget
OPPORTUNITIES
Research and development of next-generation air and missile defence systems
Enhanced warfare technology
CHALLENGES
Cyberattacks
High cost of deployment
THE IMPACT OF COVID-19
Because of the disruption in the supply chain of critical raw materials, the rapid spread of COVID-19 had a substantial influence on the worldwide aerospace sector in 2020. The COVID-19 pandemic created various obstacles for the aircraft sector, including reduced production, material shortages, logistics issues, and others. These issues resulted in the cancellation of some existing aircraft modernizations, electrification, and new manufacturing offers, as well as delays in aircraft delivery. Despite the fact that many problems lie ahead, the world has seen some encouraging achievements by governments to decrease the economic burden of the pandemic. For example, various governments throughout the world have announced relief packages to assist the aerospace industry, which may assist the aviation industry.
The market is divided into three capabilities: warfare support, protection, and attack. During the forecast period, the electronic support category is expected to develop at the fastest CAGR. Intelligence, surveillance, and reconnaissance have increased militaries' situational awareness capabilities and, as a result, their decision-making process. The defence sector's increased emphasis on situational awareness capabilities is projected to promote the expansion of the warfare support segment in the future years.
Countermeasure systems, jammers, 2G antennas, decoy, directed energy weapon, 5G antennas, 4G antennas, 3G antennas, and others are the product segments of the worldwide Electronic Warfare Market. The increase in digital and cybersecurity threats and attacks has boosted the global demand for enhanced monitoring, intelligence, and self-protection capabilities. Defense agencies around the world have begun to use electronic systems to obtain enhanced situational awareness in order to sustain superiority in defence across land, Naval, and space & Airborne.
By Capability
Support
Attack
Protection
By Product
Jammers
Countermeasure System
Decoy
Directed Energy Weapon
Antennas
Direction Finders
Laser Warning Systems
Radar Warning Receivers
Counter UAV Systems
Electromagnetic Pulse (EMP) Weapons
Others
By Platform
Land
Naval
Airborne
Space
REGIONAL ANALYSIS
North America EW market is projected to be the biggest district in 2022 attributable to the high speculations by the U.S. Branch of Defense in the extension of EW frameworks. The U.S. DoD is supposed to put USD 25.8 billion in research, improvement, test, and assessment and USD 27.8 billion in acquirement all through the guard program. In addition, the market in the locale is expected to develop because of elements like regional questions, political debates, and expanded psychological oppression. Followed by North America, Europe is supposed to be the second-biggest district because of an ascent in interest in EW framework obtainment and improvement. Furthermore, a portion of the key market players, for example, Thales Group, BAE Systems, and Saab AB in the district are expected to fuel the development of the market.
Asia-Pacific is anticipated to be the quickest developing district during the gauge time frame because of the fast development in interests in nations, for example, China and India to foster mechanically progressed frameworks and improve their warfighting abilities.
China is zeroing in on the modernization of its powers and building strong air bases and maritime armadas. As of late, the arising clashes between China and the U.S. have driven the nations to fortify their safeguard.
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REGIONAL COVERAGE
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The Major Player are BAE Systems, Raytheon Technologies Corporation, Thales Group, Northrop Grumman Corporation, HENSOLDT, Boeing, General Dynamics Corporation, Lockheed Martin Corporation, Leonardo SpA, Saab AB, and other players.
Raytheon Technologies Corporation-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 10.7 Billion |
| Market Size by 2031 | US$ 27.70 Billion |
| CAGR | CAGR of 12.6% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Category (Electronic Attack, Electronic Support and Electronic Protection) • By Capability (Support, Attack, Protection) • By Product (Jammers, Countermeasure System, Decoy, Directed Energy Weapon, Antennas, Direction Finders, Laser Warning Systems, Radar Warning Receivers, Counter UAV Systems, Electromagnetic Pulse (EMP) Weapons, Others) • By Platform (Land, Naval, Airborne, and Space) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | BAE Systems, Raytheon Technologies Corporation, Thales Group, Northrop Grumman Corporation, HENSOLDT, Boeing, General Dynamics Corporation, Lockheed Martin Corporation, Leonardo SpA, Saab AB, and other players. |
| DRIVERS | • The evolution of cognitive electronic warfare technologies • Rising transnational disputes and wars |
| OPPORTUNITIES | • High machinery budget |
Ans: The Electronic Warfare Market size is expected to reach USD 27.70 billion by 2031.
Ans: The Electronic Warfare Market is to grow at a CAGR of 12.6% from 2024 to 2031.
BAE Systems, Raytheon Technologies Corporation, Thales Group, Northrop Grumman Corporation, HENSOLDT, Boeing, General Dynamics Corporation, Lockheed Martin Corporation, Leonardo SpA, and Saab AB are leading players in the Electronic Warfare Market.
Electronic Warfare Market is segmented into 3 categories: By Product, By Platform, and By Capability.
North America region dominated the Electronic Warfare Market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Electronic Warfare Market Segmentation, By Capability
8.1 Support
8.2 Attack
8.3 Protection
9. Electronic Warfare Market Segmentation, By Product
9.1 Jammers
9.2 Countermeasure System
9.3 Decoy
9.4 Directed Energy Weapon
9.5 Antennas
9.6 Direction Finders
9.7 Laser Warning Systems
9.8 Radar Warning Receivers
9.9 Counter UAV Systems
9.10 Electromagnetic Pulse (EMP) Weapons
9.11 Others
10. Electronic Warfare Market Segmentation, by Platform
10.1 Land
10.2 Naval
10.3 Airborne
10.4 Space
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Raytheon Technologies Corporation
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 BAE Systems
12.3 Thales Group
12.4 Northrop Grumman Corporation
12.5 HENSOLDT
12.6 Boeing
12.7 General Dynamics Corporation
12.8 Lockheed Martin Corporation
12.9 Leonardo SpA
12.10 Saab AB
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
14. Conclusion
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