The global market for Electronic Warfare Systems is estimated at US$18.9 Billion in 2023 and is projected to reach US$27.7 Billion by 2030, growing at a CAGR of 5.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the Electronic Warfare Systems market is driven by several factors. The war front-stance of the defense industry on modernization of military capabilities, high uptake of UAVs, and increasing incident of geopolitical conflicts, terrorist attacks and security breaches are driving market growth. Geopolitical tensions and the modernization of military forces globally are spurring investments in advanced EWS to maintain strategic and tactical advantages. The increasing complexity and proliferation of electronic threats, including advancements in enemy radar and communication technologies, necessitate continuous improvements in EW capabilities.
Government's focus on air defense and radar systems along with high uptake of military robots is buoying the global market. Increasing use of advanced platforms for detecting and intercepting enemy weapons is set to fuel global demand for these systems. Technological advancements along with the resulting transition toward multilayered defense systems are bound to augur well for electronic warfare.
In addition, broader uptake of UAVs, ground surveillance solutions and communication jamming are key factors responsible for growing preference of electronic warfare platforms. These factors, combined with ongoing technological innovations and the evolving nature of electronic warfare, are propelling robust growth in the Electronic Warfare Systems market, ensuring its pivotal role in modern and future combat operations.
The growth in the Electronic Warfare Systems market is driven by several factors. The war front-stance of the defense industry on modernization of military capabilities, high uptake of UAVs, and increasing incident of geopolitical conflicts, terrorist attacks and security breaches are driving market growth. Geopolitical tensions and the modernization of military forces globally are spurring investments in advanced EWS to maintain strategic and tactical advantages. The increasing complexity and proliferation of electronic threats, including advancements in enemy radar and communication technologies, necessitate continuous improvements in EW capabilities.
Government's focus on air defense and radar systems along with high uptake of military robots is buoying the global market. Increasing use of advanced platforms for detecting and intercepting enemy weapons is set to fuel global demand for these systems. Technological advancements along with the resulting transition toward multilayered defense systems are bound to augur well for electronic warfare.
In addition, broader uptake of UAVs, ground surveillance solutions and communication jamming are key factors responsible for growing preference of electronic warfare platforms. These factors, combined with ongoing technological innovations and the evolving nature of electronic warfare, are propelling robust growth in the Electronic Warfare Systems market, ensuring its pivotal role in modern and future combat operations.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Electronic Support Capability segment, which is expected to reach US$13.5 Billion by 2030 with a CAGR of a 5.9%. The Electronic Attack Capability segment is also set to grow at 5.2% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $7.1 Billion in 2023, and China, forecasted to grow at an impressive 7.1% CAGR to reach $4.2 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Electronic Warfare Systems Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Electronic Warfare Systems Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Electronic Warfare Systems Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as ASELSAN AS, BAE Systems Plc, Elbit Systems Ltd., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 147 Featured):
- ASELSAN AS
- BAE Systems Plc
- Elbit Systems Ltd.
- ELT Group
- General Dynamics Mission Systems, Inc.
- Hensoldt AG
- Israel Aerospace Industries Ltd.
- L3Harris Technologies, Inc.
- Leonardo Electronics US Inc.
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- RTX Corporation
- SAAB AB
- Thales Group
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned
- ASELSAN AS
- BAE Systems Plc
- Elbit Systems Ltd.
- ELT Group
- General Dynamics Mission Systems, Inc.
- Hensoldt AG
- Israel Aerospace Industries Ltd.
- L3Harris Technologies, Inc.
- Leonardo Electronics US Inc.
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- RTX Corporation
- SAAB AB
- Thales Group
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 553 |
| Published | December 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 18.9 Billion |
| Forecasted Market Value ( USD | $ 27.7 Billion |
| Compound Annual Growth Rate | 5.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 14 |
