The global electronic warfare market size was worth around USD 19.23 billion in 2023 and is predicted to grow to around USD 30.03 billion by 2032 with a compound annual growth rate (CAGR) of roughly 5.20% between 2024 and 2032.
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The electronic warfare market is analyzed and forecasted on a global and regional scale in the report. The research provides historical data from 2018 to 2022 and a forecast from 2024 to 2032, all of which are based on revenue (USD Billion). The evaluation of the electronic warfare market dynamics provides a concise overview of the market drivers and restraints, as well as their potential influence on demand in the future. Furthermore, the report encompasses an examination of the global opportunities in the electronic warfare market.
The report presents a transparent perspective on the electronic warfare market. We have incorporated a comprehensive competitive scenario and a portfolio of the most prominent vendors operating in the electronic warfare market. An analysis of Porter’s Five Forces model for the electronic warfare market has also been incorporated to comprehend the competitive landscape. The research includes a market attractiveness analysis, which evaluates the market size, growth rate, and general attractiveness of all segments.
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The Global Electronic Warfare Market is segmented based on product, application and region
Global Electronic Warfare Market: Product Segment Analysis
● Electronic Attack
● Electronic Protection
● Electronic Support
Global Electronic Warfare Market: Application Segment Analysis
● EW Equipment
● Electronic Warfare Operational Support (EWOS)
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The Global Electronic Warfare market profiles key players such as:
● Lockheed Martin
● Rockwell Collins
● SAAB
● Harris
● Boeing
● Northrop Grumman
● Teledyne Defense
● BAE Systems
● Thales
● Raytheon Co.
● L-3 Communications
● IAI Elta
● Alliant Techsystems
Regional Analysis of the Electronic Warfare Market
The current and forecast demand for the Middle East and Africa, North America, Asia Pacific, Latin America, and Europe are included in the regional segmentation. The electronic warfare market is anticipated to be led by North America, which is known for its strong military emphasis on the adoption of new technologies and counterinsurgency programs. Furthermore, the capacity to incorporate electronic warfare (EW) systems with smaller devices enhances productivity and security. The Asia Pacific region is also a formidable competitor as a result of the government’s efforts to modernize warfare systems and the increasing investments in defense.
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