Electronic Warfare Market Projected to Reach US$ 30,763.9 Million by 2032: Analysis and Growth Opportunities

According to projections, the market for electronic warfare would grow from US$ 17856.2 million in 2022 to US$ 30763.9 million in 2032, at a CAGR of 5.6%. The electronic warfare market saw a CAGR of 4.2% from 2017 to 2021.

The majority of people have seen warships, fighter jets, combat tanks, and submarines in person or have been exposed to them through media like television or movies. There is, however, also an aerial conflict using radio waves and radar emissions. Electronic warfare (EW) is the name given to this clandestine combat between focused energy beams that employ radio waves and laser light to confuse or interfere with an adversary's technology.

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Electronic warfare takes advantage of the full electromagnetic spectrum. It is sometimes referred to as electromagnetic warfare as a result. The first electronic warfare technologies were developed during World War II. These systems have since become more sophisticated and specialized. Electronic warfare is a military strategy used to manage, exploit, lessen, or prevent hostile usage of the electromagnetic spectrum. It also requires picking up on the radio communications of an adversary and detecting the radar of approaching missiles.

Global Electronic Warfare Market: Drivers

Development in the electromagnetic spectrum drives the use of electronic equipment and associated weapon systems which are required to sense and counter these weapons which are included among the factor driving the electronic warfare market growth. Increasing adoption of visual and infrared techniques such as laser and other technologies are expected to encourage the growth of the electronic warfare market. Electronic warfare has become an essential requirement of the strategic landscape for all warfighters.

Situations such as political conflicts, territorial disputes, and cold wars are expected to positively impact the electronic warfare market. The increasing popularity of small electronic systems that can be integrated within platforms such as unmanned systems is also expected to drive electronic warfare market growth.

Other factors that have a positive impact on the electronic warfare market include increased system reliability, efficiency, and effectiveness due to the introduction of traveling-wave tube- (TWT) technology used for electronic warfare applications, and the emergence of cognitive electronic warfare technology.

Global Electronic Warfare Market: Restraints

Lack of technical know-how, adaptability to the new technology, and the laws formed to limit the investment dedicated to the R&D in this sector in some regions are included among a few restraints that negatively impact the growth of the global electronic warfare market.

Key Companies Profiled

• BAE Systems Plc.
• Harris Corporation
• General Dynamics
• Elbit Systems
• Lockheed Martin
• Raytheon
• Northrop Grumman
• Boeing, Cobham Plc.
• Tata Power SED

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Key Segments Profiled in the Electronic Warfare Industry Survey

Electronic Warfare Market by Category Types:

• Electronic Protection
• Electronic Warfare Support
• Electronic Attack System

Electronic Warfare Market by Product :

• Jammer Systems in Electronic Warfare
• Radar Warning Receivers in Electronic Warfare
• Directed Energy Weapons in Electronic Warfare
• Others in Electronic Warfare

Electronic Warfare Market by Platform :

• Naval Electronic Warfare
• Airborne Electronic Warfare
• Ground Electronic Warfare
• Unmanned Electronic Warfare

Electronic Warfare Market by Region:

• North America Electronic Warfare Market
• Latin America Electronic Warfare Market
• Europe Electronic Warfare Market
• Asia Pacific Electronic Warfare Market
• Middle East and Africa Electronic Warfare Market