Electronic Warfare Market Is Expected To Reach USD 20.43 Billion By 2030, With A CAGR Of 4.03%.

Research Reports

Jul 14, 2023

Market Research Future Insights

The Global Electronic Warfare Market is expected to register a CAGR of ~4.03% from 2022 to 2030 and hold a value of over USD 20.43 billion by 2030.

The global electronic warfare market refers to the collective market for various electronic systems and technologies used to detect, deceive, and protect against electronic threats in military operations. Electronic warfare (EW) involves the use of electromagnetic spectrum (EMS) to gain tactical advantages, deny adversaries’ use of the spectrum, and protect friendly forces from electronic threats.

ESM systems are used to detect, intercept, and analyze enemy radar and communication signals to gather intelligence and gain situational awareness.

The COVID-19 pandemic had significant impacts on the global electronic warfare market. The pandemic caused disruptions in global supply chains, including the electronics industry. Restrictions on movement, lockdown measures, and factory shutdowns led to delays in the production and delivery of electronic warfare systems and components. This, in turn, affected the overall market growth.

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Key Players

Some of the key market players are Saab AB (Sweden),General Dynamics Corporation (US),BAE Systems (UK),Raytheon Technologies Corporation (US),Lockheed Martin Corporation (US),Thales Group (France),Northrop Grumman Corporation (US),HENSOLDT (Germany),Boeing (US),Leonardo SpA (Italy)

Market Segmentation

The Global Electronic Warfare Market has been segmented into type and end use.

Based on the type, the market has been segmented into electronic attack, electronic support and electronic protection.

Based on the end use, the market has been segmented into land-based, airborne and naval.

Regional Analysis

The largest region in the global electronic warfare market is North America. North America, particularly the United States, is a hub for advanced defense technologies and has a robust defense industrial base. The region has a long history of investing in research and development for electronic warfare systems, which has resulted in the development of cutting-edge technologies and capabilities.

The United States is the largest defense spender globally, allocating a significant portion of its budget to defense procurement and modernization programs. This allows for substantial investments in electronic warfare systems and technologies. Other countries in North America, such as Canada, also have notable defense budgets and contribute to the region’s overall market size.

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