BOSTON, Nov. 24, 2015 /PRNewswire/ -- Trends driving spending on the Electronic Warfare (EW) sector will be underpinned by the need to control an ever increasing complex spectrum environment, countering modern frequency agile radar systems and network-based IP-centric communications in conventional symmetric warfare scenarios, as well as combatting asymmetric threats from improvised explosive devices: The Strategy Analytics Advanced Defense Systems (ADS) forecast, "Global Electronic Warfare Market Forecast: 2014 - 2024," forecasts spending on global electronic warfare systems and services will grow to over $18.7 billion in 2024, representing a CAGR of 3.7%.
The Global Electronic Warfare Market Forecast: 2014 - 2024 forecast data model looks at the total electronic warfare (EW) sector comprising electronic attack (EA) and electronic warfare support (EWS) systems, and electronic protection (EP) support services.
- North America will be the largest regional end market, and will continue to drive spending with a renewed emphasis on conventional systems, though the fastest spending will come from the Asia-Pacific region.
- Airborne EW systems will represent the largest market in dollar terms while system shipments will be dominated by the land domain.
"Spending on EW is starting to see a renewed emphasis based on the need to counter both conventional and asymmetric threats which are becoming increasingly sophisticated as a result of advances in radar and communications technologies, and this will result in the primary acquisition focus targeting the enhancement of EA and EWS capabilities," notes Asif Anwar, Director at Strategy Analytics. "EA systems include radar, communications and RCIED jammers as well as infra-red and electro-optical countermeasures; EWS systems provide the ability to intercept, identify, and locate threats across the electromagnetic spectrum. We expect that these sectors will account for 91% of total EW expenditure with total system shipments are forecasted to grow to 21,332 units through 2024, split almost evenly between EA and EWS systems."
Strategy Analytics' analysts will be available at the 52nd Annual AOC International Symposium and Convention to discuss trends and outlook for electronic warfare markets.
About Strategy Analytics
Strategy Analytics, Inc. provides the competitive edge with advisory services, consulting and actionable market intelligence for emerging technology, mobile and wireless, digital consumer and automotive electronics companies. With offices in North America, Europe and Asia, Strategy Analytics delivers insights for enterprise success. www.StrategyAnalytics.com
European Contact: Asif Anwar, +44(0) 1908 423 635, firstname.lastname@example.org
US Contact: Eric Higham, +1 617 614 0721, email@example.com
SOURCE Strategy Analytics