The global electronic warfare market is anticipated to be valued at US$ 18,588.3 million in 2023. The market is anticipated to expand at a CAGR of 5.7%, surpassing a valuation of US$ 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) | US$ 18,588.3 million |
| Anticipated Forecast Value (2033) | US$ 32,459.9 million |
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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.
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.
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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.
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.
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.
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.
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| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.7% from 2023 to 2033 |
| Expected Market Value (2023) | US$ 18,588.3 million |
| Anticipated Forecast Value (2033) | US$ 32,459.9 million |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in US$ 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 |
FMI projects the global electronic warfare market to expand at a 5.7% CAGR by 2033.
North America is expected to be the most opportunistic, with a 34.5% share of the total electronic warfare market.
BAE Systems Plc., Harris Corporation, General Dynamics, and Elbit Systems are prominent electronic warfare market manufacturers.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Category Types
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Category Types, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Category Types, 2023 to 2033
5.3.1. Electronic Protection
5.3.2. Support
5.3.3. Electronic Attack System
5.4. Y-o-Y Growth Trend Analysis By Category Types, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Category Types, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Product, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Product, 2023 to 2033
6.3.1. Jammer Systems
6.3.2. Radar Warning
6.3.3. Directed Energy Weapons
6.3.4. Others
6.4. Y-o-Y Growth Trend Analysis By Product, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Product, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Platform
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) Analysis By Platform, 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Platform, 2023 to 2033
7.3.1. Naval Electronic Warfare
7.3.2. Airborne Electronic Warfare
7.3.3. Ground Electronic Warfare
7.3.4. Unmanned Electronic Warfare
7.4. Y-o-Y Growth Trend Analysis By Platform, 2018 to 2022
7.5. Absolute $ Opportunity Analysis By Platform, 2023 to 2033
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022
8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033
8.3.1. North America
8.3.2. Latin America
8.3.3. Western Europe
8.3.4. Eastern Europe
8.3.5. South Asia and Pacific
8.3.6. East Asia
8.3.7. Middle East and Africa
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. USA
9.2.1.2. Canada
9.2.2. By Category Types
9.2.3. By Product
9.2.4. By Platform
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Category Types
9.3.3. By Product
9.3.4. By Platform
9.4. Key Takeaways
10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Category Types
10.2.3. By Product
10.2.4. By Platform
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Category Types
10.3.3. By Product
10.3.4. By Platform
10.4. Key Takeaways
11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. UK
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Western Europe
11.2.2. By Category Types
11.2.3. By Product
11.2.4. By Platform
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Category Types
11.3.3. By Product
11.3.4. By Platform
11.4. Key Takeaways
12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. Poland
12.2.1.2. Russia
12.2.1.3. Czech Republic
12.2.1.4. Romania
12.2.1.5. Rest of Eastern Europe
12.2.2. By Category Types
12.2.3. By Product
12.2.4. By Platform
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Category Types
12.3.3. By Product
12.3.4. By Platform
12.4. Key Takeaways
13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. India
13.2.1.2. Bangladesh
13.2.1.3. Australia
13.2.1.4. New Zealand
13.2.1.5. Rest of South Asia and Pacific
13.2.2. By Category Types
13.2.3. By Product
13.2.4. By Platform
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Category Types
13.3.3. By Product
13.3.4. By Platform
13.4. Key Takeaways
14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Country
14.2.1.1. China
14.2.1.2. Japan
14.2.1.3. South Korea
14.2.2. By Category Types
14.2.3. By Product
14.2.4. By Platform
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Category Types
14.3.3. By Product
14.3.4. By Platform
14.4. Key Takeaways
15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
15.2.1. By Country
15.2.1.1. GCC Countries
15.2.1.2. South Africa
15.2.1.3. Israel
15.2.1.4. Rest of MEA
15.2.2. By Category Types
15.2.3. By Product
15.2.4. By Platform
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Category Types
15.3.3. By Product
15.3.4. By Platform
15.4. Key Takeaways
16. Key Countries Market Analysis
16.1. USA
16.1.1. Pricing Analysis
16.1.2. Market Share Analysis, 2022
16.1.2.1. By Category Types
16.1.2.2. By Product
16.1.2.3. By Platform
16.2. Canada
16.2.1. Pricing Analysis
16.2.2. Market Share Analysis, 2022
16.2.2.1. By Category Types
16.2.2.2. By Product
16.2.2.3. By Platform
16.3. Brazil
16.3.1. Pricing Analysis
16.3.2. Market Share Analysis, 2022
16.3.2.1. By Category Types
16.3.2.2. By Product
16.3.2.3. By Platform
16.4. Mexico
16.4.1. Pricing Analysis
16.4.2. Market Share Analysis, 2022
16.4.2.1. By Category Types
16.4.2.2. By Product
16.4.2.3. By Platform
16.5. Germany
16.5.1. Pricing Analysis
16.5.2. Market Share Analysis, 2022
16.5.2.1. By Category Types
16.5.2.2. By Product
16.5.2.3. By Platform
16.6. UK
16.6.1. Pricing Analysis
16.6.2. Market Share Analysis, 2022
16.6.2.1. By Category Types
16.6.2.2. By Product
16.6.2.3. By Platform
16.7. France
16.7.1. Pricing Analysis
16.7.2. Market Share Analysis, 2022
16.7.2.1. By Category Types
16.7.2.2. By Product
16.7.2.3. By Platform
16.8. Spain
16.8.1. Pricing Analysis
16.8.2. Market Share Analysis, 2022
16.8.2.1. By Category Types
16.8.2.2. By Product
16.8.2.3. By Platform
16.9. Italy
16.9.1. Pricing Analysis
16.9.2. Market Share Analysis, 2022
16.9.2.1. By Category Types
16.9.2.2. By Product
16.9.2.3. By Platform
16.10. Poland
16.10.1. Pricing Analysis
16.10.2. Market Share Analysis, 2022
16.10.2.1. By Category Types
16.10.2.2. By Product
16.10.2.3. By Platform
16.11. Russia
16.11.1. Pricing Analysis
16.11.2. Market Share Analysis, 2022
16.11.2.1. By Category Types
16.11.2.2. By Product
16.11.2.3. By Platform
16.12. Czech Republic
16.12.1. Pricing Analysis
16.12.2. Market Share Analysis, 2022
16.12.2.1. By Category Types
16.12.2.2. By Product
16.12.2.3. By Platform
16.13. Romania
16.13.1. Pricing Analysis
16.13.2. Market Share Analysis, 2022
16.13.2.1. By Category Types
16.13.2.2. By Product
16.13.2.3. By Platform
16.14. India
16.14.1. Pricing Analysis
16.14.2. Market Share Analysis, 2022
16.14.2.1. By Category Types
16.14.2.2. By Product
16.14.2.3. By Platform
16.15. Bangladesh
16.15.1. Pricing Analysis
16.15.2. Market Share Analysis, 2022
16.15.2.1. By Category Types
16.15.2.2. By Product
16.15.2.3. By Platform
16.16. Australia
16.16.1. Pricing Analysis
16.16.2. Market Share Analysis, 2022
16.16.2.1. By Category Types
16.16.2.2. By Product
16.16.2.3. By Platform
16.17. New Zealand
16.17.1. Pricing Analysis
16.17.2. Market Share Analysis, 2022
16.17.2.1. By Category Types
16.17.2.2. By Product
16.17.2.3. By Platform
16.18. China
16.18.1. Pricing Analysis
16.18.2. Market Share Analysis, 2022
16.18.2.1. By Category Types
16.18.2.2. By Product
16.18.2.3. By Platform
16.19. Japan
16.19.1. Pricing Analysis
16.19.2. Market Share Analysis, 2022
16.19.2.1. By Category Types
16.19.2.2. By Product
16.19.2.3. By Platform
16.20. South Korea
16.20.1. Pricing Analysis
16.20.2. Market Share Analysis, 2022
16.20.2.1. By Category Types
16.20.2.2. By Product
16.20.2.3. By Platform
16.21. GCC Countries
16.21.1. Pricing Analysis
16.21.2. Market Share Analysis, 2022
16.21.2.1. By Category Types
16.21.2.2. By Product
16.21.2.3. By Platform
16.22. South Africa
16.22.1. Pricing Analysis
16.22.2. Market Share Analysis, 2022
16.22.2.1. By Category Types
16.22.2.2. By Product
16.22.2.3. By Platform
16.23. Israel
16.23.1. Pricing Analysis
16.23.2. Market Share Analysis, 2022
16.23.2.1. By Category Types
16.23.2.2. By Product
16.23.2.3. By Platform
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Regional
17.3.2. By Category Types
17.3.3. By Product
17.3.4. By Platform
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. BAE systems Plc.
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.2. Harris Corporation
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.3. General Dynamics
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.4. Elbit Systems
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.5. Lockheed Martin
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.6. Raytheon
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.7. Northrop Grumman
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.8. Boeing
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.9. Tata Power SED
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.10. Cobham Plc.
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
19. Assumptions & Acronyms Used
20. Research Methodology
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Electronic Warfare Market
