Market Overview

In 2024, the size of the worldwide electronic warfare industry was projected to have stood at USD 12.5 billion, and it is estimated to reach USD 25.3 billion by the end of the decade, advancing at a CAGR of 12.4% over the forecast period. This can be credited to the expansion of defense abilities by many nations across the globe to counter potential threats.

The electromagnetic spectrum and cyberspace create a common electromagnetic environment known as the cyber-electromagnetic domain. This evolution in technology is a major trend as this domain is expected to be the centerpiece of future wars.

Diplomatic and strategic relations between different countries can break down any time, turning friends into foes. For this reason, almost all countries are expanding their military capabilities and adopting electronic warfare. Countries that share borders are at a perpetual threat from one another, regardless of how cordial the relations between them are. Thus, they are strengthening their weaponry with advanced systems.

Key Insights

l  The airborne category is the largest, with an estimated 40% share in 2024, and is expected to grow at a CAGR of 12.8% from 2024 to 2030.

l  Airborne electronic attack capabilities are crucial for gaining an advantage in the electromagnetic spectrum, including disabling, denying, and degrading enemy air defenses.

l  Electronic decoys deployed in combat aircraft and missiles aid in deceiving enemy air defense systems.

l  The electronic support category holds the largest share, 45% in 2024, and will witness the highest CAGR of 12.7% during the forecast period.

l  Information from electronic support is essential for decision-making in attacking and protecting, detecting enemy communication networks and radars.

l  Data gathered is used for electronic intelligence (ELINT), signal intelligence (SIGINT), and communications intelligence (COMINT).

l  Signal jammers dominate the market with a 20% share in 2024 and are expected to be the fastest-growing category at a CAGR of 13.2% from 2024 to 2030.

l  Jammers deceive, disrupt, or block enemy radars and communication systems by radiating interfering signals, allowing counter operations without detection.

l  North America held the largest market share, around 50% in 2024, due to strong defense focus and high defense budget of the US (USD 877 billion in 2022).

l  U.S. invests heavily in equipping its military branches with advanced weapons and electronic warfare systems.

l  Most major defense and weapons companies have a significant presence in the region. 

l  Asia-Pacific is the fastest-growing market, with a CAGR of 12.7% during 2024–2030.

l  Several countries in the region are expanding their military capabilities with electronic warfare systems, given the geopolitical landscape characterized by sour relations.

Source: P&S Intelligence