The Electronic Warfare Market Will Grow At Highest Pace Owing To Rising Adoption Of Advanced Electronic Warfare Systems In Defense Sector

 

Electronic Warfare Market

The electronic warfare market involves technologies, processes and tactics to dominate, disrupt and deny the electromagnetic spectrum that supports mission-critical functions which include communications, command and control, sensors, targeting and surveillance. Effective electronic warfare systems play an important role in modern warfare by minimizing risks and maximizing operational effectiveness. They help to suppress enemy use of electromagnetic spectrum and keep friendly spectrum available for own use. Some key functions of electronic warfare systems include electronic attack, electronic protection and electronic support. The growing use of technologically advanced aircraft, ships and weapons systems has increased the demand for sophisticated electronic warfare capabilities to counter emerging electromagnetic threats and stay ahead in the battlefield.

The Global Electronic Warfare Market is estimated to be valued at US$ 18.45 Bn in 2024 and is expected to exhibit a CAGR of 5.7% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the electronic warfare are BAE Systems plc, Elbit Systems Ltd., General Dynamics Corporation, Israel Aerospace Industries Ltd., L3Harris Technologies Inc., Leonardo SpA, Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies Corporation, SAAB AB, Thales Group, Mistral Solutions Pvt. Ltd., Chelton Limited, Rafael Advanced Defense Systems Ltd, Rohde & Schwarz India Pvt Ltd, QUEST GLOBAL, Mercury Systems, Inc., IAI, DRDO, TEKTRONIX, INC., and Tata Advanced Systems Limited. Growing expenditures of militaries around the world on advanced EW capabilities and rising geopolitical tensions are fueling demand for sophisticated electronic warfare systems. Technological advancements like enhanced capabilities of miniaturized EW payloads, integrated self-protection suites and software-defined radars are enhancing capabilities of electronic warfare systems.

Market trends

Increasing use of Electronic Warfare Market Size  along with other network-centric capabilities as part of multi-domain operations concept is a key trend in the market. Growing demand for modular, scalable and software-defined electronic warfare systems is another major trend to provide flexible, adaptive and responsive capabilities.

Market Opportunities

Development of next-generation technologies like artificial intelligence, cognitive EW, Internet of Battlefield Things and network-centric warfare provide major growth opportunities. Increasing procurement of advanced aircraft, armored vehicles, UAVs and naval ships by developing nations also presents new business prospects for electronic warfare solution providers.

Impact of COVID-19 on Electronic Warfare Market Growth

The ongoing COVID-19 pandemic has significantly impacted the growth of the electronic warfare market. Government restrictions on travel and transportation during the lockdown phases disrupted the global supply chains of electronic warfare system manufacturers. Delays in funding for defense modernization programs further limited new procurement.

However, the increasing defense budget allocation amid geopolitical tensions post-COVID is likely to drive the electronic warfare market in the coming years. Manufacturers are focusing on developing technologically advanced and versatile electronic warfare solutions to meet the emerging threats. Ongoing digitization of battlefields is also creating lucrative opportunities. The demand for multi-domain EW capabilities is on the rise. The adoption of network-centric warfare philosophy will accelerate integration of EW systems with other C4ISR assets.

Concentration of Electronic Warfare Market by Geographical Regions

In terms of value, North America dominates the electronic warfare market and accounted for over 40% share in 2024. Major defense spenders like the US and Canada are awarding significant contracts for upgrading their EW capabilities. For instance, the US Army is modernizing electronic warfare units with new vehicle-mounted and man-portable systems. Europe ranks second with countries actively participating in defense collaborations and joint EW programs under NATO.

The Asia Pacific region is emerging as the fastest growing market for electronic warfare globally. There is rise in indigenous development and foreign procurement of EW technologies by nations like China, India, Japan and South Korea to counter security challenges. China is enhancing full-spectrum EW assets of the PLA, while India is procuring multiple surveillance and communication jamming systems.

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