The global electronic warfare systems market is anticipated to grow at a significant CAGR during the forecast period (2024-2031). Significant technological advancements as well as integration of electronics in military equipment are resulting in a shift toward multi-layered defense systems, which is expected to boost the electronic warfare market, during the forecast period. In addition, the increase in the use of UAV systems and the need for ground surveillance and communication jamming serve as opportunities for the digital warfare market.
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The growing frequency of bilateral militarized conflicts among countries is progressing at a rapid pace, which has caused the growing need for defense forces of countries to bolster their safety features. New weapons and combat systems are being developed to cater to warfare needs. The advent of digital battlefields has propelled the incorporation of digital battle technology in all protection systems used during combat missions. These systems have resulted in a change within the procurement priorities of countries to hold pace with rising warfare needs.
The global electronic warfare systems market analysis includes some of the key market players such as BAE Systems Plc., Northrop Grumman Corporation, Raytheon Technologies Corporation, Lockheed Martin Corporation, Thales Group, L3Harris Technologies, Inc., Israel Aerospace Industries, and SAAB AB, among others. In order to maintain a strong position in the market, these market players are adopting various strategic moves, such as product launches, partnerships, collaborations, and mergers and acquisitions.
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Market Coverage
- Segment Covered
- Regions Covered- Globally
Competitive Landscape: BAE Systems Plc., Northrop Grumman Corporation, Raytheon Technologies Corporation, Lockheed Martin Corporation, and SAAB AB, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Electronic Warfare Systems Market By Segment
By Capability
- Support
- Attack
- Protection
By Platform
- Airborne
- Naval
- Ground
- Space
By Product
- EW Equipment
- EW Operational Support
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