Electronic Warfare Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Poland, Belgium, Netherlands, Russia, Japan, China, India, South Korea, Malaysia, Sri Lanka, Brazil, Argentina, UAE, South Africa, Saudi Arabia), Growth Potential, Competitive Market Share & Forecast, 2020-2026
Report ID: GMI4744
Electronic Warfare Market size is poised to see a tremendous growth from 2020 to 2026 impelled by integration of various communication technologies with defense applications. Electronic warfare can be defined as any action that uses electromagnetic spectrum or directs energy to potentially damage the enemy during military conflicts. The basic application of electronic warfare includes jamming enemy communication networks, overriding radio transmissions or broadcasting false information.
The rise in efforts by governments and private organizations through research and development funding of electronic warfare will support electronic warfare market growth. For instance, in March 2020, the results were announced for Army xTechSearch program in the U.S. This program recognizes and funds projects based on electronic warfare. The program sponsored USD 120,000 to ten different selected projects, which included an electromechanical compass that can operate in jammed GPS networks with a miniature 360-degree camera and screen the area for pathogens, such as COVID-19.
Rising requirements to protect oneself from electronic attacks will positively impact market growth. Various countries across the globe are engaged in the acquisition and upgrading of electronic warfare equipment to pace up with global trends. Budgets are being allocated for the development of such equipment, allowing countries to upscale their electronic warfare capabilities. For instance, in February 2020, the military space leaders of the U.S. requested to increase the Air Force’s 2021 budget to USD 205.2 million from USD 208.7 in the previous year. The rise in budget is allocated to the development of hard-to jam satcom systems for the U.S. and its allies. The overall budget of the program is USD 2.4 billion, which will be liquidated by 2025.
Integration of various technologies and communication systems with electronic warfare will allow industry participants to offer a wide range of solutions, promoting market competitiveness. Timely introduction of various technologies, such as Signal Intelligence (SIGINT), Human Intelligence (HUMINT), Imagery Intelligence (IMINT), and Signatures Intelligence (MASINT), define market trends of electronic warfare. For instance, in 2018, various articles published by the U.S. Defense Department demonstrated its interested in the development of technologies that allow their access over the complete electromagnetic spectrum. The efforts are undertaken continuously, but nothing can be confirmed about the operational efficiency of these devices as there is a development in counter devices as well.
The electronic warfare market based on application is segmented into electronics attack, electronic protection, and electronic support, which are further divided into various sub-segments. The electronic support segment is expected to witness a significant market share over the forecast time frame because of its scope of application in protection and attack. Some countries prefer investing in electronic support systems instead of protection or attack suite, allowing them to gain minimal defense capabilities against electronic attack.
The land segment will witness accelerated growth rate over the forecast period because of its versatile scope of application. Agile architecture, ability to integrate with aerial & naval systems, superior infield support, easily portable, and huge area coverage are some of the major factors, allowing the land segment to improve market penetration.
The North America electronic warfare market will capture maximum market revenue due to the presence of major defense players in the U.S. The top five defense players across the globe are Lockheed Martin, Raytheon, L3Harris Technologies, Airbus, and General Dynamics with headquarters in North America, supporting regional growth. These companies are extensively investing in the research & development of military technologies and are backed by a number government bodies & long-term agreement. Such efforts by governments and industry participants will allow the region to gain technological competitiveness.
Key players present in the market are investing in research & development of advancement systems, which can operate effectively without being intercepted. Government collaboration for new developments and funding of technology startups to support the ecosystem of the market are among the key strategies of large enterprises. Some of the vendors present in the electronic warfare industry include Airbus, BAE Systems, Boeing, Elbit Systems, General Dynamics, Israel Aerospace Industries, L3Harris, Leonardo, Lockheed Martin, Northrop Grumman, Raytheon, Rockwell Collins, Saab, Teledyne Technologies, Textron, and Thales Group.
Market, By Application, 2015 - 2026 (USD Million)
- Electronic Attack
- Electronic Protection
- Electronic Support
- Information Gathering
- Signal Detection
Market, By Component, 2015 - 2026 (USD Million)
- Warning Systems
Market, By End-User, 2015 - 2026 (USD Million)
The above information has been provided for the following regions and countries:
- North America
- New Zealand
- South Korea
- Latin America
- South Africa
- Saudi Arabia
- Elbit Systems
- General Dynamics
- Israel Aerospace Industries
- Lockheed Martin
- Northrop Grumman
- Rockwell Collins
- Teledyne Technologies
- Thales Group
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