Electronic warfare system is a relatively newer technology and is likely to witness rising military applications owing to the advancements in technologies. Market Research Future (MRFR), in its latest assessment, has revealed that the global electronic warfare market is prognosticated to register expansion at a moderate CAGR of 4.5% CAGR during the evaluation period 2017 to 2023.
Increasing airborne and naval applications in the defense sector is likely to dictate the growth of the electronic warfare market over the review period. Technological advancements have led to the development of aircraft and naval vessels that are difficult to detect. In these situations, electronic systems have exhibited efficiency in identifying and tracking enemy attacks. This, in turn, is anticipated to catalyze the proliferation of the electronic warfare market over the next few years. Increasing cross-border tensions in Asian countries are projected to impact market growth favorably in the upcoming years. On the flip side, issues associated with emitter classification remains an impediment to market growth.
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Competitive Dashboard:
BAE Systems Plc. (U.K.), Lockheed Martin (U.S.), General Dynamics (U.S.), Northrop Grumman (U.S.), FishEye (U.S.), Raytheon (U.S.), Mercury Systems (U.S.), Thales (France), Saab (Sweden), and Ultra Electronics (U.K.) are few of the major players operating in the global electronic warfare market. The market is characterized by the presence of national and international players strategizing ways of staying ahead of the curve. This, in turn, is expected to intensify the competition in the market over the next couple of years. Rising investments in research & developments are expected to lead to product developments and innovations, thus, supporting the robust competition existing in the market. The technology being at its nascent stage is prognosticated to attract new players in the market in the years to come. Growth strategies that are likely to dominate the growth of competition in the electronic warfare market are mergers & acquisitions, technological advancements, collaborations, agreements, etc.
Market Segmentation:
The key segments of the Electronic Warfare Market, on the basis of category, are electronic attack, electronic support, and electronic protection.
On the basis of platform, the segmental analysis of the global electronic warfare market includes airborne, land, naval, and unmanned.
Regional Analysis:
The regional assessment of the global electronic warfare market is offered on the basis of region as well as country. The key regional segments of the market identified in this MRFR report are North America, Asia Pacific (APAC), the Middle East & Africa (MEA), Europe, and South America. North America is expected to secure its dominant position in the global market place through the forecast period. The adoption rate of electronic warfare systems in the defense sector in the region has been rising. This, in turn, is expected to boost the growth pattern of the regional electronic warfare market over the next couple of years. The early adoption of technology witnessed in the U.S. is anticipated to favor the expansion of the regional market in the years to come. It is poised to contribute substantially to the development of the electronic warfare market in the upcoming years.
Asia Pacific is assessed to trail the North America electronic warfare market over the next few years. Increasing cross border tensions among China, India, and Pakistan is one of the major factors expected to increase the procurement of electronic warfare systems in the region. Also, the South China Sea dispute is anticipated to influence the expansion of electronic warfare market positively in the nearby future. The nations are motivated to increase their investments in the defense sector. It is projected to catalyze the regional segment’s proliferation over the evaluation period. However, the economic concerns in certain nations are likely to pose a challenge to market players in the forthcoming years.
Scope of Report
The report for Global Electronic Warfare Market of Market Research Future comprises of 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. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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List of Tables
Table 1 Global Electronic Warfare Market, by Region, 2018–2023
Table 2 North America: Electronic Warfare Market, by Country, 2018–2023
Table 3 Europe: Electronic Warfare Market, by Country, 2018–2023
Table 4 Asia-pacific: Electronic Warfare Market, by Country, 2018–2023
Table 5 Middle East & Africa: Electronic Warfare Market, by Country, 2018–2023
Table 6 Latin America: Electronic Warfare Market, by Country, 2018–2023
Table 7 Global Electronic Warfare Market, by Region, 2018–2023
Table 8 North America: Electronic Warfare Market, by Country, 2018–2023
Table 9 Europe: Electronic Warfare Market, by Country, 2018–2023
Table 10 Asia-pacific: Electronic Warfare Market, by Country, 2018–2023
Continued…….
List of Figures
Figure 1 Research Process of Mrfr
Figure 2 Top-down & Bottom-up Approaches
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Figure 8 Global Electronic Warfare Market Share, by Category, 2017 (%)
Figure 9 Global Electronic Warfare Market, by Category, 2018–2023 (Usd Million)
Figure 10 Global Electronic Warfare Market Share, by Equipment, 2017 (%)
Continued……..
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