Global Electronic Warfare Market Report and Forecast 2024-2032

Global Electronic Warfare Market Outlook

The global electronic warfare market size stood at a value of around USD 21.28 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 5.00% to reach USD 33.00 billion by 2032.

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Increasing Incorporation of Electronic Warfare in Airborne Machinery to Augment the Global Industry

The increasing incorporation of electronic warfare equipment in aircrafts to increase the efficiency and quickness in various airborne operations is driving the segment’s growth. In addition to this, the increasing induction of superior fighter jets and combat aircrafts such as F-18, and Mirage 2000, among others, is likely to generate a significant demand for electronic warfare.

An unmanned aerial vehicle is a type of aircraft which utilises an electronic warfare system. The increasing demand for unmanned aerial vehicles in the air forces of sovereign nations, in order to bolster surveillance, facilitate imagery mapping, and navigate combat operations is likely to accelerate the segment’s growth. Furthermore, the rising advancements in electronic components in transport and special mission aircrafts, are anticipated to provide impetus to the electronic warfare market in the coming years.

North America Holds a Significant Segment in the Market for Electronic Warfare

The United States is the largest spender in the military and defence sector. There is also a strong foothold of major market players in the country. In this regard, the escalating technical innovations and increasing export of high-end military aircrafts and tanks in the country are garnering the market growth in the region.

Moreover, the increasing concerns pertaining to the rising terrorism and increasing competition with the counterparts, are further increasing the need to augment defence capabilities in the region. This factor is anticipated to boost the demand for electronic warfare in the region in the coming years. 

Market Segmentation

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Electronic warfare refers to the technique of using electromagnetic spectrum signals such as radio and radar, to analyse, communicate, and protect a territory from any foreign aggression. Electronic warfare also offers superior awareness pertaining to a situation and bolsters the line of defence at the time of battle. 

Based on product, the market can be segmented into:

• EW Equipment

• EW Operational Support 

By equipment, the electronic warfare market has been divided into:

• Jammer

• Decoy 

• Directed Energy Weapon

• Countermeasure System 

• Others

On the basis of capability, the market has been categorised into:

• Electronic Protection

• Electronic Attack

• Electronic Support

Based on platform, the market has been categorised into:

• Land
  • Military Vehicles
  • Soldier Carried
  • Ground Stations
• Airborne
  • Combat Aircraft
  • Transport Aircraft
  • Special Mission Aircraft
  • Trainer Aircraft
  • Military Helicopters
  • Unmanned Aerial Vehicles (UAV)
• Naval
  • Ships
  • Submarines
  • Unmanned Marine Vehicles (UMV)
• Space

By end use, the market has been divided into:

• OEM

• Upgradation 

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Increasing Geopolitical Tensions Leading to a Heightened Expansion of Fleets to Bolster the Electronic Warfare Industry

The increasing geopolitical tensions and war-like situations across the sovereign military powers are compelling the governments to expand the fleet of battle tanks, aircrafts, ships, and drones, among others. These expansions are propelling the demand for the electronic warfare market. 

The growing investments towards the development of 5th generation electronic support, along with capabilities for electronic protection, and electronic attack and defence are further bolstering the dependence on electronic warfare. The increasing risk of cyber electronic warfare attacks from terrorist organisations are likely to accelerate the demand for electronic warfare for sensing electromagnetic spectrum and for destroying the enemy targets accurately. This factor is likely to aid the market in the forecast period. 

Key Players in the Global Market for Electronic Warfare

The report gives a detailed analysis of the following key players in the global electronic warfare market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• General Dynamics Mission Systems, Inc.

• BAE Systems plc

• Saab AB

• HENSOLDT AG

• Leonardo S.p.A.

• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report