Electronic Warfare Market Worth $23.2 billion by 2027 - Exclusive Report by MarketsandMarkets™
CHICAGO, Nov. 28, 2022
CHICAGO, Nov. 28, 2022 /PRNewswire/ -- Electronic Warfare Market size is projected to grow from USD 18.5 billion in 2022 to USD 23.2 billion by 2027, at a CAGR of 4.7% from 2020 to 2027 according to a new report by MarketsandMarkets™. The development of multilayered defensive systems as a consequence of significant technological breakthroughs and the integration of electronics into military hardware is anticipated to drive the market for electronic warfare during the forecast period. 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, and communication jamming.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1301
Browse in-depth TOC on "Electronic Warfare Market"
200 – Tables
50 – Figures
300 – Pages
Increasing procurement of electronic warfare systems due to growing transnational and regional instability
Rapid advancement in bilateral militarized combat between nations has increased the urgency with which those nations armed forces must fortify their security systems. To meet the demands of battle, new weaponry and fighting systems are being developed. All defensive systems employed in combat operations now incorporate electronic warfare technologies as a result of the development of digital battlefields. As a result of these systems, governments procurement priorities have changed to keep up with changing military requirements.
According to capabilities, the electronic warfare markets support category is anticipated to experience the largest CAGR during the forecast period.
The electronic warfare support, protection, and attack segments of the market are divided based on capability. During the forecast period, the sector for electronic support is expected to increase at the greatest CAGR. Military situational awareness abilities have increased thanks to intelligence, surveillance, and reconnaissance (ISR), which has also helped military decision-making. In the coming years, the defense industrys increased emphasis on situational awareness capabilities is anticipated to boost the expansion of the electronic warfare support market.
Due to the increased global focus on upgrading defense equipment, the electronic warfare equipment sub section of the market by product is anticipated to see the greatest CAGR.
Electronic warfare equipment and operational support are the two product-based market segments for this industry. Due to benefits like advanced electronic protection, electronic attack, and electronic support applications, the market for electronic warfare equipment is anticipated to expand at a higher CAGR in the coming years. This is due to the rising number of platforms, including aircraft, land vehicles, and naval vessels, that are being upgraded with this equipment.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=1301
Between 2022 and 2027, the electronic warfare market is expected to be dominated by the North American market.
The US and Canada are important nations that are taken into account for market analysis in the North American region. Due to increased investments in electronic warfare technology by countries in this region, this region is anticipated to dominate the market from 2022 to 2027. The development of highly sophisticated EW systems is being done by the armed forces of nations in the North American region. The United States Lockheed Martin Corporation, Northrop Grumman Corporation, L3Harris Technologies Inc., and Raytheon Technologies Corporation are among the regions well-known and leading producers of electronic warfare systems (US).
The North American US is acknowledged as one of the major producers, exporters, and users of EW systems globally and is regarded as having the best EW capability. EW systems are primarily produced by Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Raytheon Technologies Corporation (US) and L3Harris Technologies Inc. (US), in the US. According to the USs new defense policy, more money will be spent on electronic warfare so that the US Army may incorporate cutting-edge capabilities into its current defense systems to fend off oncoming threats.
The electronic warfare market is dominated by a few globally established players such as BAE Systems (UK), Northrop Grumman Corporation (US), Raytheon Technologies Corporation (US), Lockheed Martin Corporation (US), Thales Group (US), L3Harris Technologies Inc. (US), Israel Aerospace Industries (Israel), and Saab AB (Sweden).
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=1301
Browse Adjacent Market: Aerospace and Defence Market Research Reports &Consulting
Network Centric Warfare (NCW) Market by Platform (Land, Air, Naval, Unmanned), Application (ISR, Communication, Computer, Cyber, Combat, Control & Command), Mission Type, Communication Network, Architecture, and Region - Global Forecast to 2021
Radar Systems Market by Application, Platform (Air, Marine, Unmanned, Land, Space), Frequency Band, Type, Component, Range, Dimension, Technology, & Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America) (2021-2026)
Drone Simulator Market by Application (Commercial, Military), Component (Software, Hardware), Device Type (Augmented Reality, Virtual Reality), Drone Type (Fixed Wing, Rotary Wing), System Type and Region - Global Forecast to 2027
Drone Defense System Market by Application (Drone Mounting, Ground Station), Technology (Identification & Detection, Countermeasures), End User (Military, Commercial, Homeland Security), and Region - Global Forecast to 2022
Drone Payload Market by Type (EO/IR, Cameras, SAR, Sigint, Elint, Comint, MPR, Laser Sensors, CBRN Sensors & Optronics), End-User (Defense & Commercial), and Region - Global Forecast to 2021
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/electronic-warfare-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/electronic-warfare.asp
View original content to download multimedia:https://www.prnewswire.com/news-releases/electronic-warfare-market-worth-23-2-billion-by-2027---exclusive-report-by-marketsandmarkets-301687601.html