Electronic Warfare Market Size, Share & COVID-19 Impact Analysis, By Domain (Electronic Attack, Electronic Protection, and Electronic Support), By Equipment (Jammers, Antennas, Radar Warning Receiver, Anti-radiation Missiles, Directed Energy Weapons, and Others), By Platform (Air-based, Sea-based, Land-based), and Regional Forecast, 2020-2027

The global electronic warfare market size was USD 26.50 billion in 2019 and is projected to reach USD 29.46 billion by 2027, exhibiting a CAGR of 4.81% during the forecast period.

Electronic warfare (EW) is a military operation that uses the electromagnetic spectrum to sense and communicate with the radio, radar, or infrared signals and attack an enemy or block their attacks. At present, the militaries are dependent on the electromagnetic spectrum to communicate and conduct their operations. The constantly developing technology has led to the integration of advanced technologies for several military applications. Technological developments in the electromagnetic spectrum are anticipated to propel the market growth. The global market is expected to grow rapidly during the forecast period, and this growth can be attributed to factors such as technological advancements in the electromagnetic spectrum, rising geopolitical conflicts and terrorist activities, and rising usage of UAVs for military purposes.

COVID-19 Outbreak Anticipated To Affect Defense Budget Of Several Countries  

The pandemic has led to devastating economic conditions of various emerging countries such as India and also the developed countries such as the U.S. and others. Several governments have put a limit on their defense spending and diverted it towards healthcare facilities of the nation. According to our study, the ministry of defense will cover payments only for existing contracts that are already under execution, thus leaving no scope for new procurement.  

LATEST TRENDS

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Embracing Cyber Electronic Warfare Technology is a Prominent Trend

The military operations are dependent upon electronic and cyber warfare, information operations, and signals intelligence. These are set to dominate the characteristics of the electromagnetic spectrum. The emerging trend in the market includes combining the capabilities of electronic & cyber warfare, information operations, & signal intelligence for both offensive and defensive purposes. The new conception of cyber EW can cover a broad range of the electromagnetic environment and cyberspace. The convergence of electronic and cyber warfare seamlessly enables the warfighters to gain a strong defense and attack capacity. Due to the political conflicts and wars among the rival countries, it has become important to study the electronic and cyber threats together to build an effective offense and defense. The rising adoption of cyber systems is expected to create a shift in warfighting methods. Moreover, the path of technological advancement in the field is boundless. Hence, the new generations of the equipment will be developed rapidly.

DRIVING FACTORS

Increasing Conflicts And Disputes Among Countries to Fuel Growth

It has been observed that a rise in the cross-border conflicts in Asia Pacific has increased owing to the close boundaries of countries, due to which, border attacks have increased in the India-Pakistan border and India-China border. Moreover, the rising war threats from North Korea have led all the countries across the globe to strengthen their defense system. The adoption of EW has become necessary for these countries to strengthen and modernize their defense and attack capabilities.

However, the deployment and up-gradation of this technology are costly, which has led the countries to increase their defense budget, which is expected to fuel the growth of the market. The increasing defense budget, especially for research & development (R&D) and procurement of the systems, has been observed in several countries.

• For instance, the U.S. Department of Defense (DoD) has EW funding by 16.8% in 2020. Over the past 2-3 years, the developing countries, such as India and China have also increased their defense budget.

The electronic warfare market is expected to grow promptly during the forecast period. This growth is due to factors such as increasing demand for electronic warfares from various countries, which is owing to the high international border tension.

Rising Adoption Of Electronic Warfare In UAV Platforms to Boost Growth

The use of unmanned aerial vehicles (UAVs) in the military has increased over the past few years for surveillance, imagery mapping, and monitoring combat operations. However, integrating EW information with imagery or surveillance data can provide more data about situational awareness, which is one of the key factors for the growth of the market. For instance, a component such as radar warning receiver is used in the UAV to provide advanced threat warning. Thus, most of the countries and prominent industry players are increasingly investing to exploit this synergistic relationship between the UAVs and the electronic warfare, which is driving the growth of the market.

• For instance, Lockheed Martin Corporation was awarded a contract worth USD 18 million to develop an EW pod, also known as “Air Large” for the U.S. Army, which is to be mounted on MQ-1C Gray Eagle UAV to provide the commanding officer with jamming capabilities and electronic support.

The market is expected to grow during the forecast period due to an increase in the usage of EW technology in the UAV platforms, which can be attributed to the enhancement of technology for a better defense system.

RESTRAINING FACTORS

High Budget Involved In Deployment Of EW Systems to Hinder Growth

Electronic warfare makes the process of modern-warfare more user-friendly and effective. However, the cost of such system is huge, owing to the complexity of the design and development of the system. Most of the developing countries prefer conventional warfare systems rather than these systems due to their high cost, which is further expected to hamper the growth of the market. The development, integration of systems across the platforms, and maintenance of these systems are very expensive, and hence, the market growth is anticipated to be affected.

SEGMENTATION

By Domain Analysis

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Electronic Support Segment to Grow At Higher CAGR Owing to Their Increasing Demand

Based on domain, the market is divided into electronic attack, electronic protection, and electronic support.

The electronic support segment is anticipated to grow at a higher CAGR during the forecast period, owing to the rising demand for intelligence, surveillance, and reconnaissance equipment & techniques by the global defense sector.

The electronic protection and electronic attack segments are also expected to show significant growth throughout the forecast period due to the rising terrorist activities and political tension in Asia Pacific.

By Equipment Analysis

Jammers & Radar Warning Receiver Segments to Grow Rapidly Backed by Their Rising Procurement

Based on equipment, the market is classified into jammers, antennas, radar warning receiver, directed energy weapons, anti-radiation missiles, countermeasure dispenser system (CMDS), directional infrared countermeasures (DIRCM), self-protection suite, and others.

The jammers and radar warning receivers are equipped in electronic support, electronic attack, and electronic protection systems. A rise in the procurement of EW systems for the naval, military base, and airborne ISR operations are expected to drive the growth of these segments.

By Platform Analysis

Rising Defense Budget Expected To Create Demand For EW Market

Based on platform, the market is segmented into air-based, sea-based, and land-based. The air-based segment is further divided into combat aircraft, airborne early warning & control (AEW&C) aircraft, and UAV. The sea-based segment is further divided into ships and submarines. The air-based platform is anticipated to be the fastest-growing segment during the forecast period due to the increasing procurement of combat aircraft and UAVs by the defense sectors of various countries.

The land-based segment is predicted to grow owing to the rising military spending on enhancing the defense capabilities at the borders to combat terrorist attacks.

REGIONAL INSIGHTS

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North America EW market is projected to be the largest region in 2019 owing to the high investments by the U.S. Department of Defense (DoD) in the expansion of EW systems. The U.S. DoD is expected to invest USD 25.8 billion in research service, development, test, and evaluation (RDT&E) and USD 27.8 billion in procurement throughout the defense program. Moreover, the market in the region is anticipated to grow due to factors such as territorial disputes, political disputes, and increased terrorism. 

Followed by North America, Europe is expected to be the second-largest region owing to a rise in the investments in the procurement and development of EW systems. Additionally, the existence of some of the key market players such as Thales Group, BAE Systems, and Saab AB in the region is anticipated to fuel the growth of the market.

Asia-Pacific is predicted to be the fastest-growing region during the forecast period owing to the rapid growth in investments in countries such as China and India for the development of such systems and for enhancing their warfighting capabilities. China is focusing on the modernization of its forces and building powerful air bases and naval fleet. It had announced a defense budget worth USD 175 billion in the year 2018 with an 8.1% increase in the budget since the previous year. Recently, the emerging conflicts between China and the U.S. have led the countries to strengthen their defense.

KEY INDUSTRY PLAYERS

Lockheed Martin Corporation Is a Leader in Providing Electronic Warfare Solutions & Plans To Reinforce its Position

Lockheed Martin Corporation invents advanced technologies in air, at sea, and on land to control the electromagnetic spectrum and develops disruptive technologies to outdo the enemy threats. Its ability to predict developments and reliable intelligence to understand risks is vital to national security. Moreover, a widespread company location, mergers, and partnerships are the strategies implemented by this company to maintain its leading position in the EW market.

LIST OF KEY COMPANIES PROFILED:

• BAE Systems (the U.K.)


• Lockheed Martin Corporation (The U.S.)


• Raytheon Company (The U.S.)


• General Dynamics Corporation (The U.S.)


• L3Harris Technologies Inc. (The U.S.)


• The Boeing Company (The U.S.)


• Thales Group (France)


• Leonardo SPA (Italy)


• Northrop Grumman Corporation (The U.S.)


• Saab AB (Sweden)


• Teledyne Technologies (The U.S.)


• Israel Aerospace Industries (Israel)


• Cobham PLC (The U.K.)

KEY INDUSTRY DEVELOPMENTS:

• January 2020 – Lockheed Martin Corporation was granted a contract worth USD 43 million by the U.S. Navy for the up-gradation of E-2D AN/ALQ-217 Electronic Support Measures (ESM) system for the E-2D Advanced Hawkeye. The upgrade will give an extra performance in the dense coastal and open-ocean environments, reduce the operator workload, enable faster reaction time, and improve survivability.


• April 2020 – Lockheed Martin Corporation was awarded a contract worth USD 75 million by the U.S. Army to develop, build, and test the operational artificial intelligence Cyber/Jamming pods.


• January 2019 – General Dynamics Information Technology (GDIT) was awarded a five-year contract worth USD 898 million by the U.S. Navy’s Space and Naval Warfare Systems Center (SPAWARSYSCEN) Atlantic for Navy Cyber Mission Engineering Support. According to this contract, the new defense platform will be equipped with GDIT’s next-generation cyber and electronic warfare solutions. The GDIT EW solutions will strengthen the U.S. Navy’s important missions in the coming years.

REPORT COVERAGE

The electronic warfare market report provides a detailed analysis of the market and focuses on key aspects such as leading defense companies, EW product types, and leading defense applications.

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Moreover, the report offers insights into the electronic warfare market trends and highlights key industry developments. In addition to the factors mentioned above, the EW market report encompasses several direct and indirect factors that have contributed to the growth of the market over recent years.

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