Report Scope & Overview:
The Electronic Warfare Market Size was valued at US$ 19.18 billion in 2022, expected to reach USD 27.69 billion by 2030, and grow at a CAGR of 4.7% over the forecast period 2023-2030.
The advancement of modern electromagnetic spectrum technologies challenges military operations in an information-reliant environment. With the development in electronic threats, there is a greater requirement for electronic warfare to support unhindered access to electromagnetic environment defence activities. Electronic warfare is a major component of information warfare and is used in both offensive and defensive counter-information operations. Electronic warfare policy and doctrine have been developed and embraced by nations all over the world. Infrared and radio frequency countermeasures, electronic masking, electronic security, electronic counter-countermeasures, and anti-jamming capabilities are all part of electronic warfare efforts.
During the projected period, the worldwide electronic warfare market is expected to grow due to an increase in innovations and the creation of new warfare. The Iranian Army Ground Force's Research and Self-Sufficiency Jihad Organization, for example, debuted a plethora of electronic warfare and other electronic equipment. The combat technologies would be deployed to safeguard Iranian drones in enemy territory as well as to disrupt opposing drones. With the rising threat of hostile drones and remotely activated IEDs, investments in electronic warfare equipment for defence against such threats have surged. Edge Group, for example, launched Nav-Control-G, a specialist counter-drone capability, and V-Protect, a radio frequency communication jamming technology. Electronic warfare systems protect Iranian VIPs and key commanders on the move.
Another factor driving global market expansion is increased spending on military modernization. Furthermore, the ongoing support of the target audiences, such as electronic warfare manufacturing suppliers, component providers, government organizations, and others, is fueling the global market's expansion and creating greater electronic warfare market revenue during the review period.
The evolution of cognitive electronic warfare technologies
Rising transnational disputes and wars
High machinery budget
Research and development of next-generation air and missile defence systems
Enhanced warfare technology
High cost of deployment
THE IMPACT OF COVID-19
Because of the disruption in the supply chain of critical raw materials, the rapid spread of COVID-19 had a substantial influence on the worldwide aerospace sector in 2020. The COVID-19 pandemic created various obstacles for the aircraft sector, including reduced production, material shortages, logistics issues, and others. These issues resulted in the cancellation of some existing aircraft modernizations, electrification, and new manufacturing offers, as well as delays in aircraft delivery. Despite the fact that many problems lie ahead, the world has seen some encouraging achievements by governments to decrease the economic burden of the pandemic. For example, various governments throughout the world have announced relief packages to assist the aerospace industry, which may assist the aviation industry.
The market is divided into three capabilities: warfare support, protection, and attack. During the forecast period, the electronic support category is expected to develop at the fastest CAGR. Intelligence, surveillance, and reconnaissance have increased militaries' situational awareness capabilities and, as a result, their decision-making process. The defence sector's increased emphasis on situational awareness capabilities is projected to promote the expansion of the warfare support segment in the future years.
Countermeasure systems, jammers, 2G antennas, decoy, directed energy weapon, 5G antennas, 4G antennas, 3G antennas, and others are the product segments of the worldwide Electronic Warfare Market. The increase in digital and cybersecurity threats and attacks has boosted the global demand for enhanced monitoring, intelligence, and self-protection capabilities. Defense agencies around the world have begun to use electronic systems to obtain enhanced situational awareness in order to sustain superiority in defence across land, Naval, and space & Airborne.
KEY MARKET PLAYERS:
BAE Systems, Raytheon Technologies Corporation, Thales Group, Northrop Grumman Corporation, HENSOLDT, Boeing, General Dynamics Corporation, Lockheed Martin Corporation, Leonardo SpA, Saab AB, and other players.
KEY MARKET SEGMENTATION:
Directed Energy Weapon
North America EW market is projected to be the biggest district in 2022 attributable to the high speculations by the U.S. Branch of Defense in the extension of EW frameworks. The U.S. DoD is supposed to put USD 25.8 billion in research, improvement, test, and assessment and USD 27.8 billion in acquirement all through the guard program. In addition, the market in the locale is expected to develop because of elements like regional questions, political debates, and expanded psychological oppression. Followed by North America, Europe is supposed to be the second-biggest district because of an ascent in interests in EW frameworks obtainment and improvement. Furthermore, a portion of the key market players, for example, Thales Group, BAE Systems, and Saab AB in the district are expected to fuel the development of the market.
Asia-Pacific is anticipated to be the quickest developing district during the gauge time frame because of the fast development in interests in nations, for example, China and India to foster mechanically progressed frameworks and improve their warfighting abilities.
China is zeroing in on the modernization of its powers and building strong air bases and maritime armadas. As of late, the arising clashes among China and the U.S. have driven the nations to fortify their safeguard.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 19.18 Billion|
|Market Size by 2030||US$ 27.69 Billion|
|CAGR||CAGR of 25.27% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Category (Electronic Attack, Electronic Support and Electronic Protection)
• By Capability (Support, Attack, Protection)
• By Product (Jammers, Countermeasure System, Decoy, Directed Energy Weapon, 2G Antennas, 3G Antennas, 4G Antennas, 5G Antennas and Others)
• By Platform (Land, Naval, Airborne, and Space)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||BAE Systems, Raytheon Technologies Corporation, Thales Group, Northrop Grumman Corporation, HENSOLDT, Boeing, General Dynamics Corporation, Lockheed Martin Corporation, Leonardo SpA, Saab AB, and other players.|
|DRIVERS||• The evolution of cognitive electronic warfare technologies
• Rising transnational disputes and wars
|OPPORTUNITIES||• High machinery budget|
The market size of the Electronic Warfare Market is expected to reach USD 27.69 billion by 2030.
The growth rate of the Electronic Warfare Market is 4.7% during the forecast period.
BAE Systems, Raytheon Technologies Corporation, Thales Group, Northrop Grumman Corporation, HENSOLDT, Boeing, General Dynamics Corporation, Lockheed Martin Corporation, Leonardo SpA, and Saab AB are leading players in the Electronic Warfare Market.
Electronic Warfare Market is segmented into 3 categories: By Product, By Platform, and By Capability.
North America region dominated the Electronic Warfare Market.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
18.104.22.168 United Kingdom
22.214.171.124 South Korea
126.96.36.199 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Electronic Warfare Market, by Capability
9. Electronic Warfare Market, by Product
9.2 Countermeasure System
9.4 Directed Energy Weapon
9.5 2G Antennas
9.6 3G Antennas
9.7 4G Antennas
9.8 5G Antennas
10. Electronic Warfare Market, by Platform
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Raytheon Technologies Corporation
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 BAE Systems
12.3 Thales Group
12.4 Northrop Grumman Corporation
12.7 General Dynamics Corporation
12.8 Lockheed Martin Corporation
12.9 Leonardo SpA
12.10 Saab AB
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Report Scope & Overview: Inertial Navigation System Market Size was valued at USD 12.29 billio
The Gunshot Detection System Market Size was valued at US$ 4.65 billion in 2022, expected to reach USD 10.33 billion by 2030, and grow at a CAGR of 10.5% over the forecast period 2023-2030.
Coastal Surveillance Market Size was valued at USD 35.56 billion in 2022, expected to reach USD 46.49 billion by 2030, and grow at a CAGR of 3.41% over the forecast period 2023-2030.
Unmanned Surface Vehicle Market size was esteemed at USD 803.61 Million out of 2022 and is projected to arrive at USD 2.32 Billion by 2030, developing at a CAGR of 12.3% from 2023 to 2030.
The LiDAR Drone Market Size, is expected to grow from USD 155.45 million in 2022 to USD 1012.90 million by 2030 at a CAGR of 26.4% over the forecast period, 2023-2030.
Report Scope & Overview: Aircraft Braking System Market Size was valued at USD 11.53 billion i
Hi! Click one of our member below to chat on Phone