Increasing transnational and regional instability is the major driving factor for the growth of the Electronic Warfare Equipment market. However, the high cost of equipment will be the major factor obstructing the growth of the market in developing countries as those countries prefer the traditional means of the Electronic Weapons market.
Market Size – USD 23.40 Billion in 2021, Market Growth - CAGR of 4.1%, Market Trends – Rising tensions transnationally as well as the regional instability are the major factors driving the growth of the market.
However, the reliance of developing nations on the traditional means of warfare will be the factor restraining the growth of the industry.
According to the current analysis of Reports and Data, the global Electronic Warfare Equipment Market was USD 23.40 Billion in 2021 and is projected to grow at a CAGR of 4.1% from 2022 to 2030. Electronic Warfare Equipment can be defined as the warfare conducted using electromagnetic spectrum. Electronic Warfare Equipment uses radio waves or laser light usually to confuse or disable the electronics of the enemy. It can involve listening or collecting the enemy radio`s signals or sensing the radar of an incoming missile. Advanced electronic attack solutions are used to deliver the non-kinetic and digital effects while still providing a cloak of protection for the platforms. Increasing Transnational and regional instabilities is the major factor for the growth of the market. Another major factor for the growth of the market is the rising focus on Cognitive Electronic Warfare Equipment technology, thus spurring the demand for Electronic Warfare Equipment over the forecasted period. However, the high cost of the equipment will be the major factor obstructing the growth of the market over the forecasted period.
With the rise in the tensions politically across nations or regions, the instability is increasing which is the major factor these countries are increasingly investing in upgrading their military capabilities. U.S. is in the stage of increasing its Electronic Warfare Equipment research, development, test and evaluation funding and procurement by over 9.5% and 7.1% respectively. The market is increasingly diversified across almost every area of defence spending.
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Increasing drone industry, the demand for Electronic Warfare Equipment will further rise over the forecast period of 2022-2030.
Key participants include L3Harris Technologies, Inc., Lockheed Martin Corporation, Harris Company, Saab AB, Boeing, Northrop Grumman, BAE Systems, Thales, Textron Inc., and HR Smith Group of Companies.
Further key findings from the report suggest
- Nations globally are in the route of modernizing defence programs and increasing the procurement of advance Electronic Warfare Equipment systems which is further helping to grow the market over the forecasted period.
- With the increase in miniaturization of electronic components and the increase in efficiency of cooling technology, the Radio Frequency systems will be better as well as the performance of the sensors will increase.
- Equipment like the Krasukha-4 or the Turkish KORAL ground-based jammer can generate very high power output over a broadband of frequencies which can be effective at distances up to 300km, which is a big jump from the previous generation of jammers which had limited ranges and effectiveness while in broadband jamming mode.
- Truly multi-role aircraft operating in high threat AD environment will be more effective than single mission electronic attack legacy aircraft.
- The advanced EW systems being used for pure military use which can effectively disrupt and paralyse the operations of the enemy, are however likely to see a greater reliance on non-standard protocols, non-standard modulation schemes and proprietary wave forms.
- Electronic Warfare Equipment segment is forecasted to grow the fastest over the forecasted period on account of increasing procurement of the equipment in military ships and aircrafts.
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For the purpose of this study, Reports and Data have segmented the Electronic Warfare Equipment Market on the basis of Capability, Platform, Product, and Region:
Capability Outlook (Revenue, USD Billion; 2019-2030)
- Electronic Support
- Signal Intelligence
- Electronic Intelligence
- Communication Intelligence
- Others
- Electronic Attack
- Active
- Passive
- Electronic Protection
- Anti-Active
- Anti-Passive
Platform Outlook (Revenue, USD Billion; 2019-2030)
- Airborne
- Fighter Jets
- Transport Aircraft
- Special Mission Aircraft
- Unmanned Aerial Vehicles (UAV)
- Land
- Vehicle Mounted
- Soldiers
- Base Stations
- Naval
- Ships
- Submarines
- Unmanned Marine Vehicles
- Space
Product Outlook (Revenue, USD Billion; 2019-2030)
- Electronic Warfare Equipment Equipment
- Jammers
- Radar Jammers
- Electronic Jammers
- Barrage Jammers
- Sweep Jammers
- Spot Jammers
- Pulse Jammers
- Digital Radio Frequency Memory Jammers
- Mechanical jammers
- Corner Reflector
- Decoys
- Towed Decoys
- Active Decoys
- Drone Decoys
- Flare Dispensers
- Chaff Dispensers
- Communication jammers
- Remote-controlled Improvised Explosive Device (RCIED) Jammers
- Directed Energy Weapons
- Direction Finders
- Directional Infrared Countermeasure
- Anti-Radiation Missile
- Antennas
- IR Missile Warning System
- Identification Friend or Foe
- Laser Warning System
- Electromagnetic Shielding/Hardening material
- Radar Warning Receiver
- Counter UAV
- Interference Mitigation System
- Electromagnetic Pulse weapons
- Operational Support
- Software
- Training Simulation
Regional Outlook (Revenue, USD Billion; 2019-2030)
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East Africa
Key Questions Answered In The Report
- What will be the market size and growth rate in the forecast year?
- What are the key factors driving the global Electronic Warfare Equipment market?
- What are the risks and challenges in front of the market?
- Who are the key players in the global Electronic Warfare Equipment market?
- What are the trending factors influencing the market shares?
- What are the key outcomes of Porter’s five forces model?
- Which are the global opportunities for expanding the global Electronic Warfare Equipment market?
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Table of Contents:
- Global Electronic Warfare Equipment Market Overview
- Economic Impact on Industry
- Market Competition by Manufacturers
- Production, Revenue (Value) by Region
- Market Effect Factors Analysis
- Industrial Chain, Sourcing Strategy and Downstream Buyers
- Supply (Production), Consumption, Export, Import by Regions
- Production, Revenue (Value), Price Trend by Type
- Global Electronic Warfare Equipment Market Forecast
- Global Electronic Warfare Equipment Market Analysis by Application
- Manufacturing Cost Analysis
- Marketing Strategy Analysis, Distributors/Traders
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