Global Electronic Warfare Market Report (2018-2022) - Market Forecast to Grow at a CAGR of 4.61% to Reach $30.32 Billion
DUBLIN, March 9, 2018 /PRNewswire/ --
The "Electronic Warfare Market by Capability (Electronic Support, Electronic Attack, Electronic Protection), Platform (Airborne, Naval, Ground, Space), Product (EW Equipment, EW Operational Support), and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The electronic warfare market is projected to grow from an estimated USD 24.20 billion in 2017 to USD 30.32 billion by 2022, at a CAGR of 4.61% from 2017 to 2022.
Electronic warfare refers to the use of electromagnetic spectrum to attack an enemy or counter an enemy attack. The rise in defense expenditures, combined with increasing R&D activities to develop advanced electronic warfare products capable of countering enemy attacks, is expected to propel the growth of the electronic warfare market across the globe. On the other hand, traditional warfare systems being procured by developing countries rather than electronic warfare systems can act as a restraint for the market.
Based on platform, the airborne-based EW segment is estimated to lead the electronic warfare market in 2017. This is mainly due to the high adoption of modern electronic warfare systems for airborne platforms such as fighter jets and ISR aircraft as well as unmanned aircraft. These platforms are being equipped with advanced attack and countermeasure electronic warfare systems.
Based on capability, the electronic support segment is estimated to lead the electronic warfare market in 2017. This is mainly attributed to the extensive use of electronic support measures by defense forces to obtain situational awareness of the battlefield for threat evaluation.
Based on products, the EW equipment is estimated to lead the electronic warfare market in 2017. EW products include all the major products in the electronic warfare market that are used for electronic support, electronic attack, and electronic protection. These products are being equipped in various military platforms for attack and defense using electromagnetic spectrum.
North America is estimated to lead the electronic warfare market in 2017.The North America region is estimated to lead the electronic warfare market in 2017. Countries in this region include the US and Canada. The US has the world's highest military budget and a large amount of its military spending goes into procuring electronic warfare systems. This factor contributes to the large market share of North America in the electronic warfare market.
Some of the key players in the electronic warfare market include BAE Systems (UK), Harris (US), Raytheon (US), Northrop Grumman (Germany), Lockheed Martin (US), and Boeing (US).
Market Dynamics
Drivers
- Increasing Procurement of EW Systems Due to Growing Transnational and Regional Instability
- Deployment of Electronic Warfare Capabilities on Unmanned Platforms
- Growing Focus on Cognitive Electronic Warfare Technologies for Electronic Counter Measure (ECM)/Electronic Counter-Counter Measure (ECCM)
- Increasing Use of EW Systems for Geospatial Intelligence Gathering
- Increasing Adoption of Integrated EW Systems
- Development of Integrated EW Systems
Restraints
- Developing Countries Procuring More Conventional Warfare Systems Rather Than EW Systems
Opportunities
- Increased System Reliability and Efficiency Due to Traveling-Wave Tube-Based Solutions
- Development of Electronic Warfare Capabilities for Civil Aviation
- Deployment of Electronic Warfare Capabilities on Space Platform
- Development of EW Systems With Enhanced Capabilities
Challenges
- High Cost Involved in the Deployment of EW Systems
- Incapability of Existing Electronic Warfare Systems to Address Multiple/Diverse Threats
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Electronic Warfare Market, by Capability
8 Electronic Warfare Market, by Platform
9 Electronic Warfare Market, by Product
10 Regional Analysis
11 Competitive Landscape
12 Company Profiles
- Bae Systems
- Boeing
- Elbit Systems
- General Dynamics
- Harris
- Israel Aerospace Industries
- L3 Technologies
- Leonardo
- Lockheed Martin
- Raytheon
- Rockwell Collins
- Saab
- Teledyne Technologies
- Textron
- Thales
For more information about this report visit https://www.researchandmarkets.com/research/md6n32/global_electronic?w=5
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SOURCE Research and Markets
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