The global electronic warfare market is anticipated to grow at a considerable CAGR of 4.9% during the forecast period. One of the key factors that are boosting the growth of the market includes the growing demand for a specific type of electronic warfare within the forces which has led to the contractions between the governments and manufacturers for making such equipment for the forces. For instance, in July 2021, Aselsan informed about completing the delivery to the Turkish Armed Forces (TAF) of the Next-Generation Electronic Attack System SANCAK (MILKAR-4A2 high-frequency jamming system). The electronic countermeasure system was created for attacking electronic operations against high-frequency band communication systems that are located on diverse platforms in the field.
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Furthermore, in November 2020, Elisra Group, an Elbit Systems Ltd. subsidiary, awarded an agreement worth $24.9 million from Hindustan Aeronautics Ltd. (HAL) for developing the electronic warfare suite for the indigenous Light Combat Aircraft (LCA) Tejas Mk1A aircraft was being constructed for the Indian Air Force. Moreover, in October 2020, Northrop Grumman Corp. received a manufacturing agreement of $100.7 million for AN/SLQ-32(V)7 SEWIP Block 3 systems from the US Navy. The system is applicable to surface combatants such as military surface vessels for defeating emerging and legacy anti-ship threats by using non-kinetic/electronic attack methodologies. All such collaborations had been contributing to the market, and showing great future potential in the market.
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Market Coverage
- Segment Covered-
o By Capability
o By Platform
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- including BAE Systems, Inc., L3Harris Technologies, Inc., Lockheed Martin Corp., Northrop Grumman Corp., Raytheon Technologies Corp., and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Electronic Warfare Market Report Segment
By Capability
- Electronic Attack
- Electronic Protection
- Electronic Support
By Platform
- Air
- Sea
- Land
- Space
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