|Study Period:||2018 -2030|
|Fastest Growing Market:||Asia Pacific|
|Largest Market:||North America|
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The electronic warfare market is anticipated to register a CAGR of above 4% during the forecast period, 2021 - 2030.
The demand for electronic warfare equipment is directly dependant on the ongoing procurement plans of the armed forces and is dependant on the sanctioned annual defense budget of the nations. The COVID-19 pandemic had a moderate impact on the market in focus due to disruption in the defense supply chain. The ongoing global economic slowdown is anticipated to result in a subsequent decline in defense spending on a short-term basis.
Nevertheless, the ongoing political conflicts and territorial disputes is expected to generate demand for sophisticated electronic warfare systems with superior capabilities during the forecast period.
The development of cognitive electronic warfare, which is the integration of advanced technologies, like artificial intelligence and neural networks with the electronic warfare systems, to achieve faster and efficient systems with minimal lag between threat identification and tracking is expected to open up new market opportunities for the electronic warfare market.
Scope of the Report
Electronic Warfare (EW) capabilities include the ability of the armed forces to use electromagnetic signal equipment such as radio, infrared, or radar to sense enemy vehicles, protected the allied forces from their attacks, and support the allied forces with electromagnetic spectrum sensing. The market is segmented by capability into the electronic attack, electronic protection, and electronic support. The market is also segmented by the platform into air, sea, land, space. The report also covers the market sizes and forecasts for the market in major countries across different regions. The market sizing and forecasts have been provided in value (USD billion).
Key Market Trends
The Electronic Support Segment is Expected to Experience the Highest Growth During the Forecast Period
The electronic support segment is anticipated to have the highest growth during the forecast period. The need for advanced information gathering and communication systems on the battlefield is of high importance. Due to this reason, intelligence, surveillance and reconnaissance (ISR), intelligence, surveillance, target acquisition, and reconnaissance (ISTAR), signals intelligence (SIGINT) systems, and other such systems for recognition and targeting of threats are expected to register the highest demand, as they assist in attack or protect against the enemy attack. The use of military robots like unmanned aerial vehicles and unmanned sea vehicles, with the SIGINT and ISTAR systems, is increasing in recent times. In this regard, Airbus and Corporación de la Industria Aeronáutica Colombiana (CIAC) have entered in partnership in 2019 to develop a new generation drone under the Sistema RPAS Táctico de Altas Prestaciones (SiRTAP) program. The new drones would be based on the Atlante MALE UAV and are planned to be deployed for strategic and tactical missions as well as ISTAR missions. The new drone system is scheduled to enter service in 2023. The Colombian Air Force (FAC) plans to acquire 45 UAVs with about 12 UAVs planned to be manufactured in Colombia. Such robust development and deployment plans of the armed forces is the key driver for the growth of this segment.
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The Asia-Pacific Region is Expected to Experience the Highest Growth During the Forecast Period
The Asia-Pacific region is anticipated to have the highest growth during the forecast period. The growth is suppported by the increase in defense spending. There is a large growth in military spending of few countries between 2011 and 2021, like Cambodia (168%), Indonesia (83%), China (76%), and Bangladesh (70%). There were also significant increases in countries, like Vietnam, the Philippines, Myanmar, Kyrgyzstan, Pakistan, Nepal, and India, during the same period. The countries are investing in the development of new electronic warfare systems to enhance their capabilities in the midst of their political and territorial issues. In this regard, Japan is bolstering its electromagnetic spectrum capabilities due to the threat of China and Russia armed forces. In March 2021, the Japan Self-Defense Forces launched an 80 member electronic warfare unit that can detect and analyze naval and airborne communications along with radar emissions of neighboring countries. The unit is also equipped with electronic attack capabilities that can disrupt enemy communications and radars. The government also announced its plan to induct five similar troop units by March 2022. In addition to this, the Japan Ministry of Defense is also developing a standoff electronic warfare aircraft with radar jaming capabilities. The development of such systems is expected to help the growth of the market in this region during the forecast period.
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The electronic warfare market is highly fragmented due to the presence of many players who offer several products across various segments of the market. Some of the prominent players in the electronic warfare market are Lockheed Martin Corporation, Raytheon Technologies Corporation, BAE Systems plc, L3Harris Technologies, and Northrop Grumman Corporation. The international players have a higher market share compared to that of the regional players, due to significantly high investments in R&D, along with a high geographical presence. For instance, in March 2021, L3Harris Technologies was selected by Lockheed Martin and US Air Force to provide Viper Shield digital electronic warfare (EW) suite to F-16 Block 70/72 aircraft, which will maximize their survivability. The competition in the market is further expected to increase with the development of new products and by the consolidation of the market. The armed forces are collaborating with companies to develop advanced technologies in electronic warfare such as radio frequency-enabled cyber (cyber capabilities within electronic warfare systems). Investments in such technologies are anticipated to help the companies increase their share in the market in the coming years.
- In July 2021, Aselsan announced that the company has delivered Next-Generation Electronic Attack System SANCAK (MILKAR-4A2 high-frequency jamming system) to the Turkish Armed Forces (TAF). The electronic countermeasure system was developed for electronic attack operations against the high-frequency band communication systems located on different platforms in the field.
- In May 2021, the United States Naval Sea Systems Command awarded a contract of USD 74.8 million to provide advanced electronic warfare (EW) systems for amphibious assault ships and aircraft carriers. According to the contract, the Northrop Grumman will provide Surface Electronic Warfare Improvement Program (SEWIP) Block 3 electronic attack systems and hardware design modifications to the AN/SLQ-32(V) surface warship EW system.
Table of Contents
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Buyers/Consumers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD billion)
5.1.1 Electronic Attack
5.1.2 Electronic Protection
5.1.3 Electronic Support
5.3.1 North America
126.96.36.199 United States
188.8.131.52 United Kingdom
184.108.40.206 Rest of Europe
220.127.116.11 Rest of Asia-Pacific
5.3.4 Latin America
18.104.22.168 Rest of Latin America
5.3.5 Middle-East and Africa
22.214.171.124 Saudi Arabia
126.96.36.199 United Arab Emirates
188.8.131.52 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Lockheed Martin Corporation
6.2.2 L3Harris Technologies, Inc.
6.2.3 BAE Systems plc
6.2.4 ASELSAN AS
6.2.5 Northrop Grumman Corporation
6.2.6 Raytheon Technologies Corporation
6.2.7 Israel Aerospace Industries Ltd.
6.2.8 Thales Group
6.2.9 Saab AB
6.2.10 Leonardo S.p.A.
6.2.11 Elbit Systems Ltd.
6.2.12 Hensoldt Group
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The Electronic Warfare Market market is studied from 2018 - 2030.
What is the growth rate of Electronic Warfare Market?
The Electronic Warfare Market is growing at a CAGR of >4% over the next 5 years.
Which region has highest growth rate in Electronic Warfare Market?
Asia Pacific is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Electronic Warfare Market?
North America holds highest share in 2020.
Who are the key players in Electronic Warfare Market?
Lockheed Martin Corporation, BAE Systems plc, Northrop Grumman Corporation, Raytheon Technologies Corporation, L3Harris Technologies, Inc. are the major companies operating in Electronic Warfare Market.