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Electronic Warfare Market to Reach USD 37.60 Billion by 2029; Rising Geopolitical Conflicts to Enhance Industry Growth

September 23, 2022 | Aerospace & Defense

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.

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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

  • February 2022: Aselsan designed and produced KORAL, a land-based radar EW system, including two trucks and deceived complex and conventional hostile radar used for multiple target signals in wide frequency.

List of Key Players Profiled in the Report

  • BAE Systems plc (U.K.)

  • Elbit Systems Ltd. (Israel)

  • General Dynamics Corporation (U.S.)

  • Israel Aerospace Industries Ltd. (IAI)(Israel)

  • L3Harris Technologies Inc. (U.S.)

  • Leonardo SpA (Italy)

  • Lockheed Martin Corporation (U.S.)

  • Northrop Grumman Corporation (U.S.)

  • Raytheon Technologies Corporation (U.S.)

  • SAAB AB (Sweden)

  • Thales Group (France)

Further Report Findings

  • The market in North America stood at USD 8.41 billion in 2021 and is expected to gain a huge portion of the global electronic warfare market share. High defense spending is expected to enhance the demand for the product.

  • Further, the allocation of defense budgets by the U.S. government is likely to enhance the product’s adoption. For example, the U.S. government allocated approximately USD 3.17 billion for 45 EW programs conducted across military service departments and other departments.

  • In Europe, the increasing investment in defense sectors in Australia, China, Japan, and India is expected to escalate the demand for the product. These factors may propel the market development.

Table of Segmentation



Study Period 


Base Year


Estimated Year


Forecast Period


Historical Period



Value (USD Billion)


By Domain, Equipment, Platform, and Geography

By Domain

  • Electronic Attack

  • Electronic Protection

  • Electronic Support

By Equipment

  • Jammer

  • Antenna

  • Radar Warning Receiver

  • Directed Energy Weapon

  • Anti-radiation Missile

  • Counter Measure Dispenser System (CMDS)

  • Directional Infrared Countermeasure (DIRCM)

  • Self-protection EW Suite

  • Others

By Platform

  • Air-based

  • Sea-based

  • Land-based

By Geography


  • North America (By Domain; By Equipment; By Platform; By Country)

    • U.S. (By Domain)

    • Canada (By Domain)

  • Europe (By Domain; By Equipment; By Platform; By Country)

    • U.K. (By Domain)

    • Germany (By Domain)

    • France (By Domain)

    • Italy (By Domain)

    • Russia (By Domain)

    • Rest of Europe (By Domain)

  • Asia Pacific (By Domain; By Equipment; By Platform; By Country)

    • China (By Domain)

    • Japan (By Domain)

    • India (By Domain)

    • Australia (By Domain)

    • Rest of Asia Pacific (By Domain)

  • Rest of the World (By Domain; By Equipment; By Platform; By Sub-Region)

    • Latin America (By Domain)

    • Middle East and Africa (By Domain)


Global Electronic Warfare Market
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  • 2021
  • 2018-2020
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