Electronic Warfare Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2025

1. Electronic Warfare Market Growth Factors, Opportunities, Ongoing Trends and Key Players2025 The report "Electronic Warfare Marketby Capability (Support, Attack, Protection), Platform (Airborne, Naval, Ground, Space), Product (EW Equipment, EW Operational Support),andRegion-GlobalForecastto2025",sizeisprojectedtogrowfromUSD 17.0 billion in 2020 to USD 20.9 billion by 2025, at a CAGR of 4.2% from 2020 to 2025. Significant technological advancements and integration of electronics in military equipment are resulting in a shift towards multilayered defense systems, which is expected to drive theelectronic warfare market during the forecast period. Adding to these factors, the increase in the use of UAV systems and the need for ground surveillance and communication jamming serve as opportunities for the electronic warfaremarket. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1301 Browse 273 market data Tables and 82 Figures spread through 340 Pages and in- depth TOC on "Electronic Warfare Market - Global Forecast to2025" Electronic warfare is now among the crucial requirements of the defense and intelligence agencies across countries. Hence, military and intelligence agencies are the key end-users, showcasing greater demand for electronic warfare equipment. Some industry experts have noted that the COVID-19 pandemic has not affected the demand for electronic warfare, especially for military end use. Companies such as Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Elbit Systems Ltd. (Israel), and L3Harris Technologies (US) received contracts for the supply of electronic warfare to the armed forces of various nations in the first half of 2020, showcasing continuous demand during the COVID-19crisis. The outbreak of COVID-19 has moderately impacted the electronic warfare market on the supply side. This impact is due to the delays in order deliveries, owing to large- scale disruptions in the supply chain in affected countries. Some companies across non-hotspot countries have resumed partial operations in line with government safety guidelines. Their production is slow, the primary reason being the shortage of labor as well as inadequate supply of components from other suppliers and subsidiaries. However, in terms of demand, the impact on the market is expected to remain moderate since funds for deliveries were already allocated prior to thepandemic.

2. Increasing procurementof electronic warfare systems due to growing transnational and regionalinstability The increasing frequency of bilateral militarized conflicts among countries is progressing at a rapid pace, which has led to the growing need for defense forces of countries to strengthen their security measures. New weapons and combat systems are being developed to cater to warfare needs. The advent of digital battlefields has propelled the incorporation of electronic warfare technology in all defense systems used during combat missions. These systems have resulted in a change in the procurement priorities of nations to keep pace with emerging warfareneeds. Based on capability, the support segment of the electronic warfare market is projected to witness the highest CAGR during the forecastperiod In terms of capability, the market is segregated into electronic warfare support, protection, and attack. The electronic support segment is projected to grow at the highest CAGR during the forecast period. Intelligence, surveillance & reconnaissance (ISR) has improved the situational awareness capabilities of militaries and subsequently enhanced their decision-making process. The increased focus on situational awareness capabilities from defence sector is expected to support the growth of electronic warfare support segment in the upcomingyears. Electronic warfare equipment sub segment of the electronic warfare market by product is projected to witness the highest CAGR owing to increasing focus on defence equipment up gradation across theglobe Based on product, the electronic warfare market has been segmented into electronic warfare equipment and electronic warfare operational support. The electronic warfare equipment segment is expected to grow at a higher CAGR owing to the increasing procurement of electronic warfare equipment for the gradation of various platforms such as naval vessel, land vehicle and aircraft due to benefits such as advance electronic protection, electronic attack and electronic supportapplications. The North America market is projected to contribute the largest share from 2020 to 2025 in the electronic warfaremarket The US and Canada are key countries considered for market analysis in the North American region. This region is expected to lead the market from 2020 to 2025, owing to increased investments in electronic warfare technologies by countries in this region. Defense forces of countries in the North American region are involved in the development of technologically advanced EW systems. Well-established and prominent manufacturers of electronic warfare systems in this region include Lockheed Martin (US), Northrop Grumman (US), L3Harris Technologies, Inc. (US), and Raytheon(US). The North America US is recognized as one of the key manufacturers, exporters, and usersofEWsystemsworldwideandisknowntohavethestrongestEWcapabilities.

3. Key manufacturers of EW systems in the US include Lockheed Martin, Northrop Grumman, L3Harris Technologies, Inc., and Raytheon. The new defense strategy of the US indicates an increase in EW spending to include advanced capabilities in existing defense systems of the US Army to counter incomingthreats. Ask for Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=1301 Key MarketPlayers The Electronic Warfare market is dominated by a few globally established players such as as BAE Systems Plc. (UK), Northrop Grumman Corporation (US), Raytheon Technologies Corporation (US), Lockheed Martin Corporation (US), Thales Group (US), L3Harris Technologies, Inc. (US), Israel Aerospace Industries (Israel), and SAAB AB (Sweden), amongothers. AboutMarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr.Aashish Mehra MarketsandMarkets™INC. 630 DundeeRoad Suite 430 Northbrook, IL60062 USA:1-888-600-6441