Market Highlights:
Cross-border terrorism and increasing tension among countries have spurred a need for advanced technologies in defense. Electronic countermeasure mechanism is one such technological advancement that helps in detecting and countering weapons during conflicts. Its high effectiveness, variety, and sophistication have made it market favorite owing to which the global electronic countermeasures market can experience substantial growth during the forecast period (2017-2023), asserts Market Research Future (MRFR).
In their elaborately studied report which encompasses chief drivers and segmentations, MRFR has shown endeavors to have a comprehensive understanding of the market in coming days. Among the drivers, political conflicts, territorial disputes, and demand for lightweight yet effective vehicles for patrolling and taking apt measures can bolster the global electronic countermeasures market.
On the flip side, considerable defense budget cut in the U.S. and Europe can hamper the regular market growth. Developing regions have financial conditions to worry about which for many would hold the market in mid-air for quite some time. However, countries would prefer to stay updated when it comes to conflicts that would hamper their prosperity. This would put back the market on track.
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Major Key Players
- BAE Systems (U.K),
- Lockheed Martin (U.S.),
- Northrop Grumman (U.S.),
- Raytheon (U.S.),
- Thales Group (France),
- Saab AB (Sweden),
- Israel Aerospace Industries Ltd. (Israel),
- L-3 Technologies (U.S.),
- Ultra Electronics (U.K),
- Mercury Systems, Inc. (U.S.).
According to MRFR, The electronic countermeasures market has witnessed tremendous growth in the recent years. There has been an increasing demand for electronic warfare technologies witnessed in the Middle East and Asia Pacific regions. Of late, ECM capabilities are sought by military forces, globally, for both offensive and defensive operations. The protection of troops and hardware are particularly at the center of the quest for electromagnetic spectrum dominance.
Industry Trend:
Sierra Nevada Corporation launched a dismounted electronic countermeasures system recently, named Modi, can defeat radio-controlled improvised explosive devices (RCIEDs) and can act as a multi-function electronic warfare (EW) tool. The product can be effective against small unmanned aerial systems (UASs) or adversaries’ command and control (C2) radios as well.
Japan is taking steps to include electromagnetic forces in its defense mechanism which can increase its power in the Indo-Pacific region. This is to counter China’s growing influence in the region. Japan is planning to acquire advanced aircrafts and upgrade their present models.
Segmentation:
The global electronic countermeasures market can be segmented by application, platform, and technology.
By application, the electronic countermeasures market can be segmented into jamming and deception. Jamming can further be segmented into radar jamming, electronic jamming, and communication jamming.
Platform-based segmentation of the electronic countermeasures market includes ground-based, naval, and airborne.
Based on technology, the electronic countermeasures market can be segmented into Gallium Nitride and Gallium Arsenide.
Regional Segmentation:
Geographic segmentation of the electronic countermeasures market spans across North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America.
North America’s expenditure for defense technologies is quite substantial, and with superior infrastructure, the region spends handsomely in research and development of new technologies. This has played well in the market expansion of electronic countermeasures market. After the devastating terrorist attacks, the U.S. is spending remarkably to upgrade their system continuously and in due course is spending much. Europe, with the influence of several private defense product designers, is getting significant thrust and the market is growing accordingly. However, the APAC region is recording a remarkable rise in defense investment. India, Japan, China, and South Korea are emerging as big players of the regional market. All this can be attributed to rising terrorist activities and increasing territorial conflicts.
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The report for Global Electronic Countermeasures Market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance.
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