Electronic Warfare Market by Capability (Support, Attack, Protection), Platform (Airborne, Naval, Ground, Space), Product (EW Equipment, EW Operational Support), and Region – Global Forecast to 2025

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 “Increasing procurement of Electronic Warfare by defense forces owing modernization of the military.”

The Electronic Warfare market size is projected to grow from USD 17.0 billion in 2020 to USD 20.9 billion by 2025, at a CAGR of 4.2% from 2020 to 2025. Factors such as Significant technological advancements and integration of electronics in military equipment are resulting in a shift towards multilayered defense systems, which is expected to drive the electronic warfare market during the forecast period. Adding to these factors, the increase in the use of UAV systems and the need for ground surveillance and communication jamming serve as opportunities for the electronic warfare market.

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The Electronic Warfare market includes major players such as BAE Systems Plc. (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), among others. These players have spread their business across various countries includes North America, Europe, Asia Pacific, Middle East, Africa, and Latin America. COVID-19 has affected the Electronic Warfare market growth to some extent, and this varies from country to country. Industry experts believe that the pandemic has not affected the demand for Electronic Warfare in defense applications.

Based on capability, the support segment of the electronic warfare market is projected to witness the highest CAGR during the forecast period

In terms of capability, the market is segregated into electronic warfare support, protection, and attack. The electronic support segment is projected to grow at the highest CAGR during the forecast period. Intelligence, surveillance & reconnaissance (ISR) has improved the situational awareness capabilities of militaries and subsequently enhanced their decision-making process. The increased focus on situational awareness capabilities from defence sector is expected to support the growth of electronic warfare  support segment in the upcoming years.

Electronic warfare equipment sub segment of the electronic warfare market by product is projected to witness the highest CAGR owing to increasing focus on defence equipment upgradation across the globe

Based on product, the electronic warfare market has been segmented into electronic warfare equipment and electronic warfare operational support. The electronic warfare equipment segment is expected to grow at a higher CAGR owing to the increasing procurement of electronic warfare equipment for the upgradation of various platforms such as naval vessel, land vehicle and aircraft due to benefits such as advance electronic protection, electronic attack and electronic support applications.

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 “North America: The largest contributing region in the Electronic Warfare market.”

The North America market is projected to contribute the largest share from 2020 to 2025 in the electronic warfare market

The US and Canada are key countries considered for market analysis in the North American region. This region is expected to lead the market from 2020 to 2025, 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. Well-established and prominent manufacturers of electronic warfare systems in this region include Lockheed Martin (US), Northrop Grumman (US), L3Harris Technologies, Inc. (US), and Raytheon (US).

The North America US is recognized as one of the key manufacturers, exporters, and users of EW systems worldwide and is known to have the strongest EW capabilities. Key manufacturers of EW systems in the US include Lockheed Martin, Northrop Grumman, L3Harris Technologies, Inc., and Raytheon. The new defense strategy of the US indicates an increase in EW spending to include advanced capabilities in existing defense systems of the US Army to counter incoming threats.

In November 2015, Lockheed Martin Corporation was awarded a USD 51 million contract for AN/ALQ-217 Electronic Support Measure (ESM) systems from Northrop Grumman for the US Navy’s E-2D aircraft program. In September 2019, Lockheed Martin Corporation received a contract worth USD 281 million from the US Army to develop the Sentinel A4 system. This is a high-performance air and missile defense radar that provides additional capability against aerial threats.

The break-up of the profile of primary participants in the Electronic Warfare market:

By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%

By Designation: C Level – 35%, Director Level – 25%, and Others – 40%

By Region: North America – 25%, Europe – 15%, Asia Pacific – 45%, Middle East – 10%, RoW – 5%

Major companies profiled in the report include BAE Systems Plc. (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). (29 Companies)

Research Coverage:

This research report categorizes the Electronic Warfare market basis of Capability (Support, Attack, Protection), Platform (Airborne, Naval, Land, Space), Product (EW Equipment, EW Operational Support), major regions, namely, North America, Europe, Asia Pacific, Middle East, Latin America, and Africa. The scope of the report covers detailed information regarding the major factors, such as drivers, challenges, and opportunities, influencing the growth of the Electronic Warfare market. A detailed analysis of the key industry players has been done to provide insights into their business overviews; solutions and services; key strategies; new product launches, contracts, partnerships, collaborations, expansions, acquisitions, and new product development associated with the Electronic Warfare market.

Reasons to buy this report:

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall Electronic Warfare market and the sub segments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

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