Electronic warfare market is estimated to be valued at USD 20.55 billion in 2016 and is projected to grow at a CAGR of 4.29% during the forecast period, to reach USD 25.36 billion by 2021.
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The key players in the Electronic Warfare Market include – BAE Systems Plc. (U.K.), The Raytheon Company (U.S.), Thales Group (France), Lockheed Martin Corporation (U.S.), and Saab AB (Sweden).
This growth is mainly attributed to huge population base, booming economy, increasing funding/investments towards the development of electronic warfare products, growing focus of both, international and domestic players on the APAC electronic warfare market, and a large number of R&D activities.
- All departments pertaining to electronic warfare
- Armed services
- Defense system manufacturers
- Defense software providers
- Sub-component manufacturers
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Growing number of wars and transnational disputes, emergence of cognitive electronic warfare technology, increased system reliability and efficiency due to the introduction of TWT (travelling-wave tube)-based solutions, and advancements due to integrated electronic warfare systems are the factors driving the market.
Electronic support is the largest share-contributing segment in the electronic warfare market. This segment plays a significant role in recognizing the threats in tactical environment. Due to this importance of an electronic system in the electronic warfare system, it is the most used category. This is the factor due to which electronic support is at a dominant position in the electronic warfare category segment.
From an insights perspective, this research report has focused on various levels of analysis—industry analysis (industry trends ), market share analysis of top players, value chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments of the electronic warfare market, high-growth regions and countries and their respective regulatory policies, government initiatives, and market drivers, restraints, and opportunities.
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