The integration of advanced technologies in military sector and other major driving factors is expected to favor the rise in the global Electronic Warfare (EW) market
Reports and Insights has published a new report titled, “Electronic Warfare Market : Opportunity Analysis and Future Assessment 2022-2030”
The global electronic warfare market is estimated to reach at a value of US$ 18.7 Bn by the end of 2022 and expected to reach at a value of US$ 26.0 Bn by 2030 with a significant CAGR of 4.2%.
Global Electronic Warfare (EW) Market, By Capability (Electronic Protection, Electronic Support, Electronic Attack), By Equipment (Jammer, Countermeasure system, Decoy, Directed energy weapon, Others), By Product (EW equipment, EW operational support), By Platform (Land, Naval, Airborne, Space) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2022 and 2030.
Electronic Warfare (EW) refers to the potential to make use of the electromagnetic spectrum—signals such as infrared, radio, or radar—to determine, secure, and communicate. Be that as it may, the electronic warfare (EW) also serves in utilizing to turn down the archenemies the capacity to either disturb or utilize these signals. The necessity for electronic warfare to sustain an unhindered approach to electromagnetic environment defense operations is on the swift surge with the rapid rise in electronic threats. Owing to which, electronic warfare is witnessing higher demand all across the world, thereby projected to elevate the growth of the global electronic warfare market in the forthcoming future.
In addition to that, the rapid technological advancements and swift integration of advanced electronics in military equipment is further estimated to offer major breakthroughs to the growth of the global electronic warfare market over the following years.
Having said that, the hefty costs of deployment of electronic warfare in the present day’s modern warfare environment may act as a challenging factor for the growth of the global electronic warfare market in the near future.
Moreover, the soaring applications of UAV systems along with the requirement for land surveillance and communication jamming is also expected to offer lucrative opportunities to the global electronic warfare market over the forecast period. What is more, there has been consistent innovations and advancements in the field such as emergence of new-generation air and missile defense systems, which are further gaining traction all across the global markets. Attributing to which, the global electronic warfare (EW) market is projected to grow tremendously over the coming years.
Reports and Insights Study identifies some of the key participating players in the Electronic Warfare (EW) market globally are BAE Systems plc, Elbit Systems Ltd., General Dynamics Corporation, Israel Aerospace Industries Ltd. (IAI), L3Harris Technologies, Inc., Leonardo SpA, Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies Corporation, SAAB AB, Thales Group, among others.
About Reports and Insights
Reports and Insights is one of the leading market research companies which offers syndicate and consulting research around the globe. At Reports and Insights we adhere to the client needs and regularly ponder to bring out more valuable and real outcomes for our customers. We are equipped with a strategically enhanced group of researchers and analysts that redefines and stabilizes the business polarity in different categorical dimensions of the market.
Reports and Insights
For Sales Query: [email protected]
For New Topics & Other Info: [email protected]