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 |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
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.
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.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
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
Explore Technology Insights
View Reports