Electronic Warfare Market to Hit 4.29% CAGR and $25.36B by 2021
PUNE, India, May 19, 2016 /PRNewswire/ --
The worldwide electronic warfare market is projected to grow at a CAGR of 4.29% during the forecast period of 2016-2021 to reach $ 25.36 billion by 2021 with electronic support segment leading the overall EW market growth.
Complete report on global electronic warfare market across 187 pages, profiling 13 companies and supported with 73 tables and 80 figures is now available at http://www.rnrmarketresearch.com/electronic-warfare-market-forecast-analysis-2014-2020-market-report.html .
Growing number of wars and transnational disputes, emergence of cognitive electronic warfare technology, increased system reliability and efficiency due to the introduction of TWT (travelling-wave tube)-based solutions, and advancements due to integrated electronic warfare systems are the factors driving the market.
Electronic support is the largest share-contributing segment in the electronic warfare market. This segment plays a significant role in recognizing the threats in tactical environment. Due to this importance of an electronic system in the electronic warfare system, it is the most used category. This is the factor due to which electronic support is at a dominant position in the electronic warfare category segment.
This growth is mainly attributed to huge population base, booming economy, increasing funding/investments towards the development of electronic warfare products, growing focus of both, international and domestic players on the APAC electronic warfare market, and a large number of R&D activities. In 2016, The North America region dominates the electronic warfare market, whereas, the Asia-Pacific region is projected to grow at the highest CAGR during the forecast period. This is mainly attributed to huge population base, booming economy, increasing funding/investments towards the development of EW products, growing focus of both, international and domestic players on the APAC EW market, and a large number of R&D activities.
In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (35%), Tier 2 (45%) and Tier 3 (20%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level Executives (35%), Director Level (25%) and others (40%) from various key organizations operating in the global electronic warfare market. The primary interviews were conducted worldwide covering regions such as North America (45%), Europe (17%), APAC (20%) and RoW (5%).
The key players operating in the electronic warfare market include BAE Systems Plc. (U.K.), The Raytheon Company (U.S.), Thales Group (France), Lockheed Martin Corporation (U.S.), and Saab AB (Sweden). Order a copy of Electronic Warfare Market by Category (Electronic Support, Electronic Attack, and Electronic Protection), Platform (Airborne, Naval, Land, Unmanned), Product, Technology, Portable, and Region - Global Forecast to 2021 research report at http://www.rnrmarketresearch.com/contacts/purchase?rname=136458 .
From an insights perspective, this research report has focused on various levels of analysis-industry analysis (industry trends ), market share analysis of top players, value chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments of the electronic warfare market, high-growth regions and countries and their respective regulatory policies, government initiatives, and market drivers, restraints, and opportunities.
On a related note, another research on Military Radar Market Global Forecast to 2020 says, the global military radars market was valued at USD 11.02 billion in 2015 and is projected to reach USD 13.04 billion by 2020, at a CAGR of 3.42% from 2015 to 2020. Ground-based radars are expected to grow fastest in the military radars market. X & KU band radars are expected to grow fastest in the military radars market. The research study is based on Platform, Band Type, Application and Geography. Companies like Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Company, Saab Group, Thales Group, Airbus Group, BAE Systems, General Dynamics Corporation, Israel Aerospace Industries and Finmeccanica SpA have been profiled in this 62 pages research report available at http://www.rnrmarketresearch.com/military-radar-market-by-platform-ground-based-naval-airborne-space-based-band-type-x-ku-band-l-s-band-others-application-weapon-guidance-system-surveillance-geography-global-forecast-to-2020-market-report.html .
Explore more reports on public sector market at http://www.rnrmarketresearch.com/reports/public-sector .
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