Market Size of Airborne Electronic Warfare Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 3.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players.webp)
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Airborne Electronic Warfare Market Analysis
The airborne electronic warfare market is anticipated to register a CAGR of more than 3.5% during the forecast period.
- Despite the impact of the COVID-19 pandemic on the global economy, the military expenditure of several countries remained constant, if not higher, than in previous years. Global military expenditure was USD 1.98 trillion in 2020 and was increased by 0.7% to USD 2.1 trillion in 2021.
- The supply chain disruption caused by the pandemic had a slightly negative impact on the airborne electronic warfare market. This disruption caused mild disruptions to the ongoing activities of product innovation and manufacturing for a brief period in 2020. However, as the market has recovered from the pandemic, the airborne electronic warfare (EW) market has gained a stable position in the market.
- The increasing demand for intelligence, surveillance, and reconnaissance (ISR) systems from various armed forces around the world is anticipated to drive the growth of the airborne electronic warfare market over the coming years.
- Furthermore, the advancements in technology in the areas of enhanced stealth capabilities of aircraft, communication jamming technology, and advanced air defense systems are generating demand for air electronic protection and support measures in combat and non-combat aircraft.
