|
Electronic Warfare Market worth $19.4 billion by 2028 - Exclusive Report by MarketsandMarkets(TM)
Wednesday, April 17, 2024
CHICAGO , April 9, 2024 /PRNewswire/ -- The Electronic Warfare Market is valued at USD 10.8 billion in 2023 and is projected to reach USD 19.4 billion by 2028, at a CAGR of 12.5% from 2023 to 2028 according to a new report by MarketsandMarkets(TM). Electronic Warfare (EW) encompasses the capability to utilize the electromagnetic spectrum-including signals like radio, infrared, or radar-for sensing, protection, and communication purposes. Simultaneously, EW has the capacity to disrupt, deny, and degrade the adversaries' utilization of these signals. Electronic Warfare (EW) serves as a vital tool for managing the electromagnetic (EM) spectrum, enabling the detection, analysis, and tracking of potential threats. This enables countries and their allies with essential situational awareness necessary for preemptive defensive measures, diplomatic insights, and offensive strategies across all levels, even prior to conflicts emerging. EW facilitates Joint Electromagnetic Spectrum Operations (JEMSO), empowering armed forces to exploit, attack, and safeguard the EM operational environment.
https://mma.prnewswire.com/media/2297424/MarketsandMarkets_Logo.jpg
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1301
Browse in-depth TOC on "Electronic Warfare Market" 417 - Tables
85 - Figures
393 - Pages
Electronic Warfare Market Report Scope:
Report Coverage
Details
Market Revenue in 2023
$
10.8 billion
Estimated Value by 2028
$
19.4 billion
Growth Rate Poised to grow at a CAGR of 12.5%
Market Size Available for
2019-2028
Forecast Period
2023-2028
Forecast Units
Value (USD Million/Billion)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors,
and Trends
Segments Covered By Platform, Capability, End-Use, Product and Region
Geographies Covered North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Rapid evolution of war threats
Key Market Opportunities
Increased use of traveling wave tube technology
Key Market Drivers Rising focus on cognitive electronic warfare technologies
Key drivers include geopolitical tensions, technological advancements, and increased electronic threats. Leading players like BAE Systems (UK), Raytheon Technologies Corporation (US), Northrop Grumman (US), L3Harris Technologies, Inc. (US), Lockheed Martin Corporation (US), Israel Aerospace Industries (Israel), Elbit Systems (UK) develop advanced EW solutions leveraging sensor technology and cyber defense expertise to meet military and government needs. The main developers and users of active Electronic Warfare (EW) systems and equipment comprise a diverse group of nations, including the United States, United Kingdom, Canada, China, Russia, Israel, India, Japan, North Korea, France, Germany, and Sweden. These countries leverage a wide array of EW technologies and intelligence-gathering services to bolster their defense capabilities. Additionally, numerous other nations around the globe utilize EW technologies and services through allied security agreements, further enhancing their security posture and operational effectiveness
Based on the platform, the space segment by platform is estimated to have the highest CAGR in 2023.
Based on the platform, the space segment is estimated to lead the electronic warfare market from 2023 to 2028. The space platform is experiencing significant growth in the electronic warfare market due to several factors. Firstly, the heightened reliance on satellite communications and navigation systems has made space-based assets vulnerable to electronic threats, driving the need for space-based electronic warfare capabilities. Technological advancements have facilitated the development of sophisticated systems capable of detecting and countering these threats effectively. Moreover, the proliferation of space-based sensors and satellites has increased the demand for electronic warfare solutions to safeguard these assets. As space becomes more crowded and contested, governments and defense organizations are investing in space-based electronic warfare to protect their interests. Additionally, the commercialization of space has led to increased investment in electronic warfare capabilities by companies and organizations operating in space. Overall, these factors contribute to the rapid growth of the space platform in the electronic warfare market.
Based on the end-use, OEMs segment is estimated to have the highest CAGR in 2023.
In 2023, the OEMs segment is anticipated to dominate the Electronic Warfare Market, with highest CAGR. The Original Equipment Manufacturers (OEMs) segment is poised for dominance in the electronic warfare market due to several key factors. OEMs play a pivotal role in designing and producing advanced electronic warfare systems, leveraging their expertise to meet the demands of military and defense customers worldwide. With established relationships and a reputation for delivering comprehensive solutions, including maintenance and support services, OEMs have a competitive edge in securing lucrative contracts. Additionally, their commitment to innovation ensures they remain at the forefront of the market, driving further growth and solidifying their position as leaders in electronic warfare technology.
Based on the capability, the electronic attacks segment is estimated to have the highest CAGR in 2023.
The electronic attack segment is further sub-segmented into active and passive. This dominance is attributed to several key factors. Firstly, electronic attack capabilities are essential for disrupting and neutralizing adversary communication and radar systems, making them indispensable in modern warfare scenarios. Secondly, advancements in technology have enhanced the effectiveness and versatility of electronic attack systems, enabling them to counter increasingly sophisticated threats. Additionally, rising geopolitical tensions and the proliferation of electronic warfare capabilities among both state and non-state actors are driving the demand for robust electronic attack solutions. Overall, these factors position the electronic attack segment for substantial growth and dominance in the EW market.
Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=1301
Based on regions, the Middle East market is estimated to have the highest CAGR during 2023.
The Middle East region is expected to have the highest market share in the Electronic Warfare Industry in 2023. Firstly, the region's geopolitical landscape is characterized by ongoing conflicts and tensions, driving the demand for advanced defense technologies, including EW systems. Secondly, governments in the Middle East are heavily investing in military modernization and technological advancements to enhance their defense capabilities, particularly in response to evolving threats in the region. Additionally, the increasing adoption of EW systems across various defense sectors, including land, air, and naval forces, further fuels market growth. Overall, these factors position the Middle East region as a key driver of growth and dominance in the EW market.
Key Players
Prominent companies in the Electronic Warfare Companies are BAE Systems (UK), Raytheon Technologies Corporation (US), Northrop Grumman (US), L3Harris Technologies, Inc. (US), Lockheed Martin Corporation (US), Israel Aerospace Industries (Israel), Elbit Systems (UK). These industry leaders, headquartered in various countries, drive innovation and excellence in electronic warfare globally.
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
Related Reports:
C4ISR Market Size, Share & Industry Growth Analysis Report by Platform (Airborne, Land, Naval, Space), Solution (Hardware, Application Software, Services), Application, End User (Defense & Space, Homeland Security, Commercial), Installation and Region - Global Forecast to 2028
Directed Energy Weapons Market by Technology (High Energy Lasers, High-power Radio Frequency, Electromagnetic Weapons, Sonic Weapons), Platform (Land, Airborne, Naval, Space), Application, Product, Range and Region - Global Forecast to 2027
Military Lighting Market by End Use (Ground, Marine, Airborne), Product (LED, Non-LED), Type (Internal Lighting, External Lighting, Others) and Region (North America, Europe, Asia Pacific, Middle East, Rest of the World) - Forecast to 2027
Drone Simulator Market Size, Share, Trends & Growth Analysis 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
UAV (Drone) Market by Point of Sale, Systems, Platform (Civil & Commercial, and Defense & Government), Function, End Use, Application, Type (Fixed Wing, Rotary Wing, Hybrid), Mode of Operation, Mtow, Range & Region - Global Forecast to 2027
About MarketsandMarkets(TM)
MarketsandMarkets(TM) has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets(TM) 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.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
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(TM) (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.
To find out more, visit www.MarketsandMarkets(TM).com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets(TM) INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
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
Logo: https://mma.prnewswire.com/media/2297424/MarketsandMarkets_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/electronic-warfare-market-worth-19-4-billion-by-2028---exclusive-report-by-marketsandmarkets-302110714.html
SOURCE MarketsandMarkets
|
|
|
|
|
|
 |
Weekly Recap: 12 Press Releases You Might Have Missed | Jul 26, 2024
|
|
Risk Management Software Market size is set to grow by USD 11.05 billion from 2024-2028, Increase in data and security breaches among enterprises boost the market, Technavio | Jul 26, 2024
|
|
Digital Health Market size is set to grow by USD 1.06 billion from 2024-2028, Increase in the number of M and A activities in the market boost the market, Technavio | Jul 26, 2024
|
|
Simulation And Analysis Software Market size is set to grow by USD 10.92 billion from 2024-2028, Growing demand for simulation and analysis software boost the market, Technavio | Jul 26, 2024
|
|
Vijil Emerges from Stealth with Seed Funding from Mayfield and Gradient Ventures to Help Enterprises Build Generative AI Agents That They Can Trust | Jul 26, 2024
|
|
Smart Healthcare Market size is set to grow by USD 115.39 billion from 2023-2027, Growing demand for remote health monitoring to boost the market growth, Technavio | Jul 26, 2024
|
|
Purism Announcing MiMi Robot Crowdfunding Campaign | Jul 26, 2024
|
|
Data Center Market size is set to grow by USD 434.8 billionn from 2024-2028, Rise in adoption of multi-cloud and network upgrades to support 5G to boost the market growth, Technavio | Jul 26, 2024
|
|
Virtual Internet Announces Virtual 5G Express for Microsoft | Jul 26, 2024
|
|
Raynet is positioned as a Leader in the 2024 SPARK MatrixTM for Unified Endpoint Management (UEM) by Quadrant Knowledge Solutions | Jul 26, 2024
|
|
|
|
