Electronic Warfare Market

Electronic Warfare Market Snapshot (2023 to 2033)

The global electronic warfare market is anticipated to be valued at USD 18,588.3 million in 2023. The market is anticipated to expand at a CAGR of 5.7%, surpassing a valuation of USD 32,459.9 million by 2033. From 2018 to 2022, a CAGR of 3.6% was registered for the electronic warfare market.

In the dynamic landscape of the defense industry, electronic warfare (EW) emerges as a pivotal market, shaping how modern militaries operate. While warships, fighter aircraft, battle tanks, and submarines are widely known, EW introduces a concealed battle involving radar emissions and radio waves in the atmosphere. This silent yet critical conflict employs focused energy, such as laser light and radio waves, to disrupt or incapacitate the enemy's electronic systems, bolstering the demand for advanced electronic warfare solutions.

Originating during World War II, electronic warfare has undergone remarkable advancements, resulting in specialized and sophisticated electronic warfare systems. As a sought-after military action, it utilizes electromagnetic energy to gain control, exploit vulnerabilities, reduce threats, and thwart hostile use of the electromagnetic spectrum. The market for electronic warfare experiences steady growth as it addresses the need for cutting-edge technology to detect and counter incoming missile radars while intercepting enemy radio signals. This presents a wealth of opportunities for companies to develop innovative electronic warfare solutions that cater to the evolving needs of armed forces worldwide.

Report Attribute	Details
Growth Rate (2018 to 2022)	3.6% CAGR
Projected Growth Rate (2023 to 2033)	5.7% CAGR
Expected Market Value (2023)	USD 18,588.3 million
Anticipated Forecast Value (2033)	USD 32,459.9 million

Drivers of the Electronic Warfare Market

Technological Advancement in Warfare Technology to Drive the Growth of the Electronic Warfare Market in the Forecasting Period: Development in the electromagnetic spectrum drives the use of electronic equipment and associated weapon systems, which are required to sense and counter these weapons and are included among the factors driving the electronic warfare market growth. Increasing adoption of visual and infrared techniques, such as laser and other technologies, is expected to encourage the growth of the electronic warfare market.

Electronic warfare has become an essential requirement of the strategic landscape for all warfighters. Situations such as political conflicts, territorial disputes, and cold wars are expected to positively impact the electronic warfare market. The increasing popularity of small electronic systems that can be integrated within platforms such as unmanned systems is also expected to drive electronic warfare market growth.

Other factors that positively impact the electronic warfare market include increased system reliability, efficiency, and effectiveness due to the introduction of traveling-wave tube (TWT) technology used for electronic warfare applications and the emergence of cognitive electronic warfare technology.

Challenges Faced by the Electronic Warfare Industry

Stringent rules and regulations related to research and development may impede the market's growth. Lack of technical know-how, adaptability to new technology, and the laws formed to limit the investment dedicated to R&D in this sector in some regions are included among a few restraints that negatively impact the growth of the global electronic warfare market.

Opportunities in the Electronic Warfare Industry

North America Emerging as an Opportunistic Electronic Warfare Market

The presence of leading electronic warfare providers in the region provides an opportunity for market growth. As per FMI, the North American market is slated to account for 35.9% of the total market share. Increasing investments in the expansion of the military sector are encouraging product development, which is expected to augment the market's growth in North America. Technological breakthroughs and continuing military modernization projects in numerous countries are creating opportunities in the region, which are projected to boost demand for electronic warfare over the forecast period. Increasing technological advancements and leading manufacturers' R&D initiatives in the United States and Canada have also led to major advances.

Europe Contributing to the Growth of the Electronic Warfare Market

In 2022, Europe is predicted to lead the electronic warfare market and will continue to do so throughout the forecast period. The European electronic warfare market currently accounts for 23.9% of the global market share. The electronic warfare market in the region is likely to be driven by military equipment upgrades across Russia, the United Kingdom, France, and Germany, as well as the widespread use of electronic warfare in these countries. The technological advancement and growing use of more advanced EW to intercept, identify, and decode the data of adversaries and even project-directed energy to disrupt enemy operations in the region boost the growth of the electronic warfare market. Moreover, rapid advancements being made in technology coupled with increasing investments in Research and Development are anticipated to further drive the market.

Asia Pacific Emerging as an Attractive Electronic Warfare Market

The Asia Pacific is anticipated to exhibit a significant growth rate in the electronic warfare market over the forecast period. In Asia Pacific, the defense sector's continuous research and development are fueling fierce competition among market participants for technological breakthroughs in protection systems, boosting the electronic warfare market. Growing adoption of smart devices and sensors in the defense sector is expected to create opportunities for growth for market players. The growing demand for effective communication and security systems in land, air, and naval forces is expected to drive electronic warfare in Asian countries. Technological advancements in countries like China and India, such as 5G, the integration of IoT and artificial intelligence, and satellite connectivity, will continue to boost the market's growth in the forthcoming years.

Market Competition

Some of the key participants present in the global electronic warfare market include BAE Systems Plc., Harris Corporation, General Dynamics, Elbit Systems, Lockheed Martin, Raytheon, Northrop Grumman, Boeing, Cobham Plc., and Tata Power SED, among others. Due to the presence of such a high number of participants, the market is highly competitive. While global players such as BAE Systems Plc., Harris Corporation, General Dynamics, and Elbit Systems account for considerable market size, several regional-level players also operate across key growth regions, particularly in the Asia Pacific.

• In July 2022 - Krauss-Maffei Wegmann (KMW), Elbit Systems Land, and Elbit Systems Deutschland have signed a strategic cooperation Memorandum of Understanding (MOU) in the area of rocket artillery. Elbit Systems will provide an advanced portfolio of MLRS capabilities, from practice ammunition to long-range rockets.
• In September 2021 - the Northrop Grumman Corporation Next Generation Electronic Warfare (NGEW) system joined the AN/APG-83 Scalable Agile Beam Radar (SABR) at Exercise Northern Lightning. NGEW and SABR demonstrated full interoperability in a realistic and contested electromagnetic spectrum environment.
• In August 2022 - with CDW Canada, General Dynamics Mission Systems-Canada announced that it has been awarded a multi-year contract to provide the Network Command and Control Integrated Situational Awareness Capability (Net C2 ISAC) to the Department of National Defense (DND).
• In August 2022 - Boeing strengthened its partnership with Japan by opening a new Boeing Research and Technology (BR&T) center. The facility will focus on sustainability and support a newly expanded cooperation agreement with Japan's Ministry of Economy, Trade, and Industry (METI).
• Australia, the UK, and Australia struck a deal in April 2022 to work together on developing hypersonic weapons and electronic warfare capabilities. The agreement follows the AUKUS defense alliance, which will be launched in September 2021 and intends to strengthen these nations' military capabilities and collaboration.
• The launch of a new electronic warfare (EW) suite by BAE Systems to equip platforms with both offensive and defensive EW capabilities was announced in March 2022. The technology, known as Storm EW Modules, is adaptable for United States and ally fleets and may be added to guided missiles, unmanned aerial vehicles, fixed-wing aircraft, and helicopters.
• Aselsan declared in July 2021 that it had given the Turkish Armed Forces (TAF) the Next-Generation Electronic Attack System SANCAK (MILKAR-4A2 high-frequency jamming system). The electronic countermeasure system was created for attack operations against the high-frequency band communication systems on various field platforms.

Report Scope

Report Attribute	Details
Growth Rate	CAGR of 5.7% from 2023 to 2033
Expected Market Value (2023)	USD 18,588.3 million
Anticipated Forecast Value (2033)	USD 32,459.9 million
Base Year for Estimation	2022
Historical Data	2018 to 2022
Forecast Period	2023 to 2033
Quantitative Units	Revenue in USD million, Volume in Kilotons, and CAGR from 2023 to 2033
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered	Category Type, Product, Platform, Region
Regions Covered	North America; Latin America; Europe; Asia Pacific; Middle East and Africa
Key Countries Profiled	USA, Canada, Mexico, Brazil, Germany, Italy, France, UK, Spain, Nordics, Benelux, Russia, Poland, China, India, ASEAN, Australia & New Zealand, Japan, GCC Countries, Southern Africa, Northern Africa
Key Companies Profiled	BAE Systems Plc.; Harris Corporation; General Dynamics; Elbit Systems; Lockheed Martin; Raytheon; Northrop Grumman; Boeing; Cobham Plc.; Tata Power SED
Customization	Available Upon Request

Key Segments Profiled in the Electronic Warfare Industry Survey

By Category Types:

• Electronic Protection
• Electronic Warfare Support
• Electronic Attack System

By Product:

• Jammer Systems in Electronic Warfare
• Radar Warning Receivers in Electronic Warfare
• Directed Energy Weapons in Electronic Warfare
• Others in Electronic Warfare

By Platform:

• Naval Electronic Warfare
• Airborne Electronic Warfare
• Ground Electronic Warfare
• Unmanned Electronic Warfare

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa

Frequently Asked Questions

What is the anticipated growth of the electronic warfare market until 2033?

FMI projects the global electronic warfare market to expand at a 5.7% CAGR by 2033.

Which region is the most lucrative for the growth of electronic warfare market?

North America is expected to be the most opportunistic, with a 34.5% share of the total electronic warfare market.

Which are some prominent electronic warfare market manufacturers?

BAE Systems Plc., Harris Corporation, General Dynamics, and Elbit Systems are prominent electronic warfare market manufacturers.