According to IMARC Group latest report titled “Electronic Warfare Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on electronic warfare market size. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global electronic warfare market size reached US$ 18.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 27.5 Billion by 2032, exhibiting a growth rate (CAGR) of 4.45% during 2024-2032.

Electronic warfare (EW) encompasses a range of strategies used to exploit the electromagnetic spectrum in military operations. This spectrum, essential in modern warfare, includes radio waves, microwaves, and infrared, visible, ultraviolet, and radar waves. The primary aim of EW is to control the spectrum, enabling friendly forces to use it effectively while denying its use to the enemy. EW can be divided into three main components: electronic attack (EA), electronic protection (EP), and electronic support (ES). Electronic attack involves the use of electromagnetic energy, directed energy, or anti-radiation weapons to attack personnel, facilities, or equipment with the intent of degrading, neutralizing, or destroying enemy combat capability.

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Market Trends:

The global market is chiefly propelled by the growing need for strategic defense capabilities amidst escalating global security threats. Concurrently, the increasing modernization of military equipment worldwide is further bolstering the market growth. Additionally, the rise in research and development activities aimed at integrating cutting-edge technologies like artificial intelligence and machine learning into electronic warfare systems is serving as a vital growth stimulant for the market. The rising investment in defense budgets by various governments, aimed at strengthening national security, is also contributing significantly to the expansion of the market. Moreover, the escalating demand for advanced electronic warfare systems to counteract enemy radars and communication systems is opening up lucrative avenues in the market. Furthermore, the availability of electronic warfare systems through diverse channels, including government military contracts and private defense manufacturers, is facilitating market growth.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

  • Aselsan A.?
  • BAE Systems plc
  • Elbit Systems Ltd.
  • General Dynamics Corporation
  • Israel Aerospace Industries
  • L3Harris Technologies Inc.
  • Leonardo S.p.A.
  • Lockheed Martin Corporation
  • Northrop Grumman Corporation
  • Raytheon Technologies Corporation
  • Saab AB
  • Teledyne Technologies Incorporated
  • Textron Inc.
  • Thales Group
  • The Boeing Company

Electronic Warfare Market Segmentation:

Our report has categorized the market based on region, product, equipment, capability and platform.

Breakup by Product:

  • EW Equipment
  • EW Operational Support

Breakup by Equipment:

  • Jammer
  • Countermeasure System
  • Decoy
  • Directed Energy Weapon
  • Others

Breakup by Capability:

  • Electronic Protection
  • Electronic Support
  • Electronic Attack

Breakup by Platform:

  • Land
  • Naval
  • Airborne
  • Space

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

  • Market Performance (2018-2023)
  • Market Outlook (2024-2032)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

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