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Electronic Warfare Market to Reach $33.52 Billion by 2028; Increasing Cross-border Conflicts to Propel Growth

June 01, 2021 | Aerospace & Defense

The global electronic warfare market size is projected to reach USD 33.52 billion by 2028. It is likely to gain traction from the increasing integration of cyber and electronic warfare. It is helping the warfighters to achieve a robust attack and defense capacity. This information is given by Fortune Business Insights™ in a recently published report, titled, “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, 2021-2028.” The report further mentions that the market stood at USD 22.50 billion in 2020. But, it is set to exhibit a CAGR of 5.24% during the forecast period between 2021 to 2028.


Lockheed Martin Receives Contract from Army for its Electronic Warfare Pods


In January 2020, Lockheed Martin Corporation, an aerospace, defense, arms, security, and advanced technologies company headquartered in the U.S., received a new contract from the U.S. Army worth USD 74.85 million. This contract would enable the company to test, build, and develop operational EW pods. It occurred after the company exhibited successful tests of its Silent Crow prototype.


One of the company officials stated, “We developed the Silent Crow pod at our own expense. Presently, it is considered to be one of the leading contenders for the flagship of the U.S. Army’s electronic warfare force. The Army EW needs to be reconstructed to counter China and Russia who are highly dependent on radar and radio systems. Therefore, the U.S. forces must know the tactics to disrupt, analyze, and detect their transmissions.”


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/electronic-warfare-market-103290


Rising Upgradation of Defense Systems Worldwide to Surge Demand


The rate of cross-border conflicts is rising day by day, especially in Asia Pacific. This is occurring mainly because of the close boundaries of various countries situated in this region. Attacks in the India-China and India-Pakistan borders have surged rapidly. In addition to that, the increasing threats of war from North Korea are resulting in the strengthening measures of the defense systems by numerous countries. Electronic warfare plays a vital role in upgrading and strengthening the defense forces. Hence, the countries are investing hefty amounts of money for procuring unique EW systems. However, the design and development processes of such systems are highly complex. It may hamper the market growth in the near future.


Key Players Focus on Bagging New Contracts for Strengthening Their Positions


The global market is dominated by Lockheed Martin Corporation. This growth is attributable to the company’s increasing investments in developing novel technologies. It is also launching state-of-the-art products to outdo the threats of enemies and enhance security. Nowadays, several other companies are engaging in new order generation for strengthening their positions in the market.


Fortune Business Insights™ presents a list of all the manufacturers operating in the global market. They are as follows:



  • 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.)


A Significant Industry Development-



  • October 2020: L3Harris Technologies Corporation, a major leader in surveillance solutions, microwave weaponry, and electronic warfare received an award worth USD 97.5 million to offer repair and return services for ALQ-211 (V)4, (V)8, and (V)9 systems of the airborne F-16 Advanced Integrated Defense Electronic Warfare Suite (AIDEWS) weapon systems.


Further Report Findings-



  • In 2020, North America generated USD 8.33 billion in revenue and is expected to dominate the electronic warfare market share throughout the forthcoming years owing to the increasing investments by the U.S. Department of Defense (DoD) in the broadening of the region’s EW system.

  • Europe is anticipated to remain in the second position backed by the presence of a large number of prominent companies, such as Saab AB, BAE Systems, and Thales Group in this region.


The global market can be segmented in the following way:











































  ATTRIBUTE



  DETAILS



Study Period



  2017-2028



Base Year



  2020



Forecast Period



   2021-2028



Historical Period



  2017-2019



Unit



  Value (USD billion)



Segmentation



By Domain



  • Electronic Attack

  • Electronic Protection

  • Electronic Support



By Equipment



  • Jammers

  • Antennas

  • Radar Warning Receiver

  • Directed Energy Weapons

  • Anti-radiation Missiles

  • Countermeasure Dispenser System (CMDS)

  • Directional Infrared Countermeasures (DIRCM)

  • Self-Protection EW Suite

  • Others



By Platform



  • Air-Based

    • Combat Aircraft

    • Airborne Early Warning & Control (AEW&C) Aircraft

    • Unmanned Aerial Vehicles (UAVs)



  • Sea-Based

    • Submarine

    • Ship



  • Land-Based



By Geography



  • North America (The U.S. and Canada)

  • Europe (The U.K., Germany, France, Italy, Russia, and Rest of Europe)

  • Asia-Pacific (China, Japan, India, Australia, and Rest of Asia- Pacific)

  • Rest of The World (Latin America and the Middle East & Africa)


Global Electronic Warfare Market
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  • 2020
  • 2017-2019
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