Increasing technological advancements and integration of electronics in military equipment, and shifting of multilayered defense systems are the factor driving the market growth of the Electronic Warfare Market.
JERSEY CITY, N.J., June 14, 2022 /PRNewswire/ -- Verified Market Research recently published a report, "Electronic Warfare Market" By Capability (Electronic Support, Electronic Protection, and Electronic Attack), By Platform (Space, Naval, Ground, and Airborne), and By Geography. According to Verified Market Research, the Electronic Warfare Market size was valued at USD 16.98 Billion in 2021 and is projected to reach USD 23.71 Billion by 2030, growing at a CAGR of 4.26% from 2022 to 2030.
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Browse in-depth TOC on "Electronic Warfare Market"
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Global Electronic Warfare Market Overview
The primary factors driving the market growth are the increasing technological advancements, integrating electronics in military equipment, and shifting multilayered defense systems. Modern military capabilities and fighters rely on electromagnetic spectra to communicate with commanders, understand the environment, make decisions, accurately identify and engage targets, and protect themselves from harm. This drives the need for electronic warfare systems worldwide to safeguard access and use of the spectrum from enemies and help military leaders maintain their strategic advantage on the modern battlefield, increasing the market growth of the Electronic Warfare Market.
In addition, due to regional conflicts and growing geopolitical tensions between countries, defense organizations in many countries are adopting innovative strategies to protect fighters from new threats. Apart from that, the increasing number of digital attacks and cybersecurity threats is driving the adoption of advanced surveillance, intelligence, and self-protection capabilities across the globe. In addition, researchers are focusing on developing self-defense systems that can detour homing missiles from aircraft and interfere with enemy radar; some of the innovative factors increase the market growth of the Electronic Warfare Market.
Key Players
The major players in the market are Lockheed Martin, Elbit Systems, Saab AB, Textron, Raytheon, L3 Technologies, Bae Systems, Thales Group, Boeing, and Israel Aerospace Industries.
Verified Market Research has segmented the Global Electronic Warfare Market On the basis of Capability, Platform, and Geography.
- Electronic Warfare Market, By Capability
- Electronic Support
- Electronic Protection
- Electronic Attack
- Electronic Warfare Market, By Platform
- Space
- Naval
- Ground
- Airborne
- Electronic Warfare Market, by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
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