According to the report, the electronic warfare market was estimated at USD 18.44 billion in 2022 and is likely to grow at a CAGR of 4.66% during 2023-2028 to reach USD 24.32 billion in 2028.

Leading players in the market -

To build a successful business, it is vital to understanding the market - both the customers and the competitors. The report published consists of a list of key players active in the Electronic Warfare Market, which is given below -

  • BAE Systems plc
  • Elbit Systems Ltd.
  • General Dynamics Corporation
  • Harris
  • Israel Aerospace Industries
  • Lockheed Martin Corporation
  • Rockwell Collins
  • Saab Automobile AB
  • Teledyne Technologies, Inc.
  • Thales Group

Report Findings

Based on the capability type, the market is segmented as electronic support, electronic attack, and electronic protection. The electronic support segment is expected to register the highest growth in the coming five years. This high growth rate is owing to the rising engagement of modern warfare techniques in the emerging economies in the Asia-Pacific and Middle Eastern regions.

Based on the platform type, the market is segmented as airborne, ground, naval, and space. The space segment is estimated to remain dominant during the forecast period driven by the growing use of satellite-based electronic warfare equipment for various military applications.

Based on the product type, the market is segmented as electronic warfare equipment and electronic warfare operational support. The electronic warfare equipment segment is anticipated to depict a higher growth due to the augmenting procurement of electronic warfare equipment in military ships and aircraft triggered by merits such as advanced electronic protection and electronic support applications.

In terms of regions, the North American region accounted for the largest share of the market for electronic warfare in 2022. Factors such as territorial disputes, rising insurgencies, terrorism, unrest between neighboring countries, and political acrimonies in the region are also driving the EW market growth in this region. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

The research report aims to help the users learn about their market size and potential to connect with customers. This report answers the following questions:

·       How big is the potential Electronic Warfare Market?

·       Will this market grow or shrink in the future?

·       Who are our top competitors or key players?

·       What market share do the competitors own?

·       How Covid19 has affected the market?

·       How long will it take to recover from the Covid-impact?

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