Global Electronic Warfare Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Country-level Analysis for Every Segment, Key Player's Market Share Analysis, Competitive Landscape and Supply Chain Analysis. —
Market Research Future (MRFR)’s recent study reveals that the global electronic warfare market is set to expand at a moderate CAGR of 4.5% during the forecast period 2017 to 2023. The innovations and advancements across the electromagnetic spectrum have opened avenues of growth for the market players. The market resonates strong opportunities for growth and is likely to remain highly lucrative in the forthcoming years.
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The introduction of electronic warfare equipment facilitates detection and countermeasures, which has accelerated its adoption globally. In the present era of cold war, cross-border disputes, etc. the need for investing in electronic warfare has intensified. This, in turn, is likely to propel the growth of the electronic warfare market over the next couple of years.
The electronic warfare system has become an integral part of the defense sector. The technological advancements offered by the key vendors is a crucial factor responsible for favoring the proliferation of the market. However, factors such as economic concerns in developing regions, issues with emitter classification, and adoption of new technology remain impediments to the market growth.
Some of the key players profiled in MRFR’s report are-
• BAE Systems Plc. (U.K.)
• Lockheed Martin (U.S.)
• Northrop Grumman (U.S.)
• General Dynamics (U.S.)
• Raytheon (U.S.)
• Mercury Systems (U.S.)
• Saab (Sweden)
• FishEye (U.S.)
• Thales (France)
• Ultra Electronics (U.K.)
General Dynamics, an American aerospace and defense multinational corporation, received a contract from the U.S. Navy for its Surface Electronic Warfare Improvement Program.
Northrop Grumman, a leader in electronic warfare market, was awarded USD 9 Mn contract by the U.S. Navy for working on the Navy’s premier electronic warfare system.
The U.S. Army’s 1st Cavalry Division started the testing of a new armored vehicle for electronic warfare (EW). The vehicle has the ability to jam enemy communications systems.
By category, the global electronic warfare market has been segmented into Electronic Support, Electronic Attack, and Electronic Protection. The electronic support segment accounts for the maximum share of the market. It is prognosticated to exhibit tremendous growth owing to increasing adoption rate in developing countries.
By platform, the electronic warfare market is segmented into Airborne, Naval, Land, and Unmanned. The airborne segment accounts for a substantial share of market revenue. An upsurge in demand for airborne equipment is expected in the electronic warfare market due to its increased application in the defense sector.
By region, the global electronic warfare market has been segmented into North America, South America, Europe, Asia Pacific, and the Middle East & Africa. North America holds the most substantial share of the global market. It is anticipated to exhibit significant growth in the forthcoming years. The growth is attributable to its niche for technologies. The presence of key players is expected to augment the regional electronic warfare market and accelerate early adoption of novel technologies. Additionally, the initiatives undertaken by the government for amplifying its defense capabilities is further likely to propel the market growth.
Asia Pacific holds a significant share of the market and is projected to gain traction in the foreseeable future. The factors favoring the growth of the electronic warfare market in the region are rising cross-border tension, rising investments in the defense sector, etc.
Europe is an important growth pocket. It is poised to remain a highly lucrative market over the next few years owing to investments in the defense sector in countries such as Russia. The rising threat posed by the terrorist attacks is likely to have a positive impact on the proliferation of the electronic warfare market in the region.
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Scope of Report
The report for Global Electronic Warfare Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Table of Contents
1 Executive Summary
2 Scope of the Report
2.1. Market Definition
2.2. Scope of the Study
2.3. Market Structure
2.4. Key Takeaways
2.5. Key Buying Criteria
3 Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
3.6. List of Assumptions
4 Market Dynamics
List of Tables
Table 1 Global Electronic Warfare Market, by Region, 2018–2023
Table 2 North America: Electronic Warfare Market, by Country, 2018–2023
Table 3 Europe: Electronic Warfare Market, by Country, 2018–2023
Table 4 Asia-pacific: Electronic Warfare Market, by Country, 2018–2023
Table 5 Middle East & Africa: Electronic Warfare Market, by Country, 2018–2023
Table 6 Latin America: Electronic Warfare Market, by Country, 2018–2023
Table 7 Global Electronic Warfare Market, by Region, 2018–2023
Table 8 North America: Electronic Warfare Market, by Country, 2018–2023
Table 9 Europe: Electronic Warfare Market, by Country, 2018–2023
List of Figures
Figure 1 Research Process of Mrfr
Figure 2 Top-down & Bottom-up Approaches
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter's Five Forces Analysis
Figure 7 Value Chain Analysis
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Name: Abhishek Sawant
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Release ID: 506754