"We Envision Growth Strategies Most Suited
to Your Business"
The global electronic warfare market size is expected to experience strong growth by reaching USD 37.60 billion by 2029. Fortune Business Insights™ in its report titled “Electronic Warfare Market Growth, Size, Share & Russia-Ukraine War Impact Analysis, By Domain (Electronic Attack, Electronic Protection, and Electronic Support), By Equipment (Jammer, Antenna, Radar Warning Receiver, Directed Energy Weapons, Anti-radiation Missile, Counter Measure Dispenser System (CMDS), Directional Infrared Countermeasure (DIRCM), Self-protection EW Suite, Others), By Platform (Air-based, Sea-based, and Land-based), and Regional Forecasts, 2022-2029” observes that the market size in 2021 was valued at USD 23.45 billion and reached USD 25.74 billion in 2022. The market exhibited a CAGR of 5.56% during the forecast period. Increasing geopolitical conflicts and rising adoption of warfare technology may bolster the industry's progress.
Israel Aerospace Unveiled Novel Product Range to Expand Market Reach
Israel Aerospace released its novel Scorpius electronic warfare product range in November 2021. The product range is based on active electronically scanned array technology and can simultaneously confront and detect threats over a long-range. This launch may allow the company to expand its market reach.
Strong Defense Forces from NATO and Increasing Expenditures to Bolster Industry Growth
This market is expected to be positively impacted during the Russia-Ukraine War due to strong defense forces from NATO countries and increasing defense expenditures. Furthermore, increasing defense budgets in Poland and Denmark is likely to enhance the warfare system’s adoption. Moreover, the USD 150 million security package provided by the U.S. to Eastern Europe may surge the product demand. Additionally, procurement of advanced weapons and increasing defense expenditures are expected to bolster the industry's growth.
Increasing Threats of Remotely Triggered Improvised Explosive Devices (IEDs) May Enhance Market Progress
Electronic warfare or EW controls the electromagnetic (EM) spectrum to analyze, detect, and track potential threats. The warfare system allows countries to devise strategies to enhance safety and avoid incoming attacks. The increasing threat of remotely triggered Improvised Explosive Devices (IEDs) is likely to boost EW systems adoption. Furthermore, the emergence of new warfare tactics, such as hybrid and asymmetric war techniques, is expected to drive the electronic warfare market growth.
To get a detailed report summary and research scope of this market, click here:
Companies Develop Advanced Products to Bolster Brand Image
Prominent companies operating in the market develop advanced products to bolster their brand image. For example, Raytheon Technologies developed three advanced electronic Next Generation Jammers (NGJ) U.S. Navy EA-18G Growler EW jets in July 2021. This project was completed under a contract worth USD 171.6 million. This strategy may allow the company to offer advanced EW systems and boost its brand image globally. Furthermore, companies devise acquisitions, partnerships, mergers, and expansions to boost their market position.
Notable Industry Development
List of Key Players Profiled in the Report
Further Report Findings
Table of Segmentation
Value (USD Billion)
By Domain, Equipment, Platform, and Geography