Westford, June 24, 2024 (GLOBE NEWSWIRE) -- SkyQuest projects that the electronic warfare market will attain a value of USD 27.71 billion by 2031, with a CAGR of 12.5% during the forecast period (2024-2031). The market expansion is driven by advancements across the electromagnetic spectrum. The widespread use of electronic devices, equipment, and weapon systems has accelerated the development of electronic warfare systems to detect and counter these threats. Favorable market growth is projected in the coming years due to various technological advancements in the electronics field, as well as the rising adoption of electro-optic, infrared, and visual techniques like lasers.
Download a detailed overview:
https://www.skyquestt.com/sample-request/electronic-warfare-market
Browse in-depth TOC on "Electronic Warfare Market"
- Pages - 197
- Tables - 62
- Figures – 75
Electronic Warfare Market Overview:
| Report Coverage | Details |
| Market Revenue in 2023 | $ 10.80 Billion |
| Estimated Value by 2031 | $ 27.71 Billion |
| Growth Rate | Poised to grow at a CAGR of 9.68 % |
| Forecast Period | 2024–2031 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Capability, Platform, Product, and End Use |
| Geographies Covered | North America, Europe, Asia Pacific, Middle East & Africa, Latin America |
| Report Highlights | Updated financial information / product portfolio of players |
| Key Market Opportunities | Increasing focus on developing and integrating AI capabilities into electronic warfare systems |
| Key Market Drivers | Increasing adoption of advanced electronic and associated equipment |
High Deployment Helps Airborne Systems Segment to Dominate the Electronic Warfare Market
With increased deployment of electronic attack systems on airborne platforms, the airborne segment is estimated to dominate the market. The major advantages of airborne systems are wide-area coverage, increased mobility, and rapid response times. Modern warfare would be incomplete without airborne systems, which is an essential tool for said mission type. Consequently, the dominance of this segment will continue over the coming years with the increasing importance of airborne electronic warfare in future military operations.
The Ground-Based Segment is Growing at a Steady Rate due to its Growing Demand in the Market
The ground-based segment registers steady growth, supported by rising demand for ground-based electronic warfare capabilities. With the advancement in electronic systems by the adversaries in the world, there is a growing need for highly advanced ground-based electronic warfare systems for the threat posed. The integration of improved advanced technologies with adaptive algorithms gave rise to the development of more capable, improved and efficient electronic warfare systems aboard ground platforms, so propelling its steady growth in the market.
Presence of Robust Defense Capabilities Leads North America to Dominate the Market
The presence of established defense industries, technological advancements, and high defense spending has led North America to dominate the electronic warfare market. This region is home to major key players in the market, along with leading defense contractors and manufacturers. The US plays an important role in casting the market dynamics due to its influential and robust defense capabilities along with significant investments in electronic warfare systems.
Request Free Customization of this report:
https://www.skyquestt.com/speak-with-analyst/electronic-warfare-market
Electronic Warfare Market Insights:
Drivers
- Increasing adoption of advanced electronic and associated equipment
- Rising Popularity in Modern Conflict
- Rising threats from Unnamed Aerial Vehicles and Cyber Attacks
Restraints
- Potential impact of defense budget cuts
- Limited Defense Budgets
- Ethical and Legal Considerations Regarding the Use of Electronic Warfare Operations
Prominent Players in Electronic Warfare Market
The following are the Top Electronic Warfare Companies
- BAE Systems
- Lockheed Martin Corporation
- Raytheon Company
- Northrop Grumman Corporation
- Thales Group
- Saab AB
- L3Harris Technologies, Inc.
- Leonardo S.p.A.
- Harris Corporation
- Elbit Systems Ltd.
- Israel Aerospace Industries Ltd.
View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/electronic-warfare-market
Key Questions Answered in Electronic Warfare Market Report
- How big is the Electronic Warfare Market?
- What are key factors driving Electronic Warfare market growth?
- Where will Electronic Warfare demand soar high?
This report provides the following insights:
- Analysis of key drivers (growing demand for better data security, rising adoption of Blockchain and IoT technologies, increasing use of decentralized systems in different industry verticals), restraints (interoperability issues with legacy systems, complexities in integration with existing infrastructure, concerns regarding scalability of gas cleaning technologies systems), and opportunities (growing demand for data monetization, rising demand for transparent yet trusted transactions), influencing the growth of electronic warfare market.
- Market Penetration: All-inclusive analysis of product portfolio of different market players and status of new product launches.
- Product Development/Innovation: Elaborate assessment of R&D activities, new product development, and upcoming trends of the electronic warfare market.
- Market Development: Detailed analysis of potential regions where the market has potential to grow.
- Market Diversification: Comprehensive assessment of new product launches, recent developments, and emerging regional markets.
- Competitive Landscape: Detailed analysis of growth strategies, revenue analysis, and product innovation by new and established market players.
Related Reports:
Military Communications Market
Battlefield Management Systems Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization have expanded our reach across North America, Europe, ASEAN and Asia Pacific.
Contact:
Mr. Jagraj Singh
Skyquest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
Visit Our Website: https://www.skyquestt.com/
