Electronic Warfare Market Global Market Report 2024

Electronic warfare refers to a method of conducting military and intelligence missions that strategically employs electromagnetic or directed energy as well as integrated cyber capabilities. A military force's ability to anticipate adversary threats and respond to attacks electronically depends on how well it utilizes the entire electromagnetic (EM) spectrum, which includes radio waves, microwaves, millimeter waves, infrared, visible light, ultraviolet light, and gamma rays.

The main electronic warfare products include EW equipment and electronic warfare operational support (EWOS). EW equipment uses the electromagnetic spectrum for sensing, protecting, and communicating. The different electronic warfare capabilities include electronic protection, electronic support, and electronic attack for platforms such as land, naval, airborne, and space.

The electronic warfare research report is one of a series of new reports that provides electronic warfare statistics, including electronic warfare industry global market size, regional shares, competitors with electronic warfare share, detailed electronic warfare segments, market trends and opportunities, and any further data you may need to thrive in the electronic warfare industry. This electronic warfare research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The electronic warfare market size has grown steadily in recent years. It will grow from $28.46 billion in 2023 to $29.85 billion in 2024 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to military modernization programs, need for spectrum dominance, electronic countermeasure development,.

The electronic warfare market size is expected to see strong growth in the next few years. It will grow to $36.69 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to enhanced electronic support measures, directed energy weapons, hypersonic threats and ew, space-based ew systems. Major trends in the forecast period include cyber-electronic convergence, quantum technologies in electronic warfare, advanced electronic support measures, next-generation radar technologies, collaboration with industry partnerselectromagnetic maneuver warfare.

The increasing military expenditure is expected to propel the growth of the electronic warfare market going forward. Military expenditure, often referred to as defense spending or defense budget, is the total amount of financial resources that a country allocates for its military and defense-related purposes. Electronic warfare capabilities contribute to military expenditure by improving the efficiency and effectiveness of defense operations, reducing costs, and safeguarding military assets and personnel. For instance, in April 2023, according to SIPRI (Stockholm International Peace Research Institute), a Sweden-based international organization, in 2022, the total amount spent on military spending worldwide climbed by 3.7% in real terms, hitting a record $2240 billion. China's military budget also increased for the 26th year in a row. Therefore, the increasing military expenditure drives the growth of the electronic warfare market .

The increasing number of cyber-attacks is expected to propel the growth of the electronic warfare market going forward. Cyber-attacks are malicious and deliberate actions or operations conducted over the internet or through computer networks to compromise the confidentiality, integrity, or availability of digital systems, data, or services. Electronic warfare can be used in cyber-attacks to disrupt or jam an adversary's communication and network infrastructure, to deceive an adversary by manipulating electronic signals, and can provide support by identifying and locating enemy cyber-attack activities, helping to track down the source and intent of cyber threats. For instance, in January 2022, according to checkpoint research, an Israel-based cybersecurity threat intelligence team in 2021, there was a 50% rise in overall corporate hacking attacks per week. The number of cyber-attacks has been steadily increasing. This trend peaked at 925 cyber-attacks per week per organization globally. Therefore, the increasing number of cyber-attacks is driving the growth of the electronic warfare market .

Increasing Focus On Product Innovations To Provide Reliable Services To Their Customers Major companies operating in the electronic warfare market are focusing on innovative products such as electronic warfare counter-drone system to drive revenues in their market. Electronic warfare counter-drone system is a specialized technology designed to detect, track, and neutralize or mitigate the threats posed by unauthorized or hostile drones by utilizing electronic warfare techniques and technologies to protect against drone-related security risks. For instance, in June 2023, Elbit Systems Ltd, an Israel-based defense technology company launched electronic warfare counter-drone system. Electronic warfare counter-drone system is equipped with digital Radar Warning Receivers (RWR) and is intended to fight drone threats. The technology can locate ground forces' and pilots' personal location beacons (PLBs) and detect and identify drones. The radar warning receiver digital receivers can be equipped with additional processing power to provide the capability of identifying and categorizing drones as a threat. In order to address one of the growing hazards that confront both military and commercial aircraft nowadays, this new radar warning receiver technology locates drones and categorizes them as a threat .

Major companies operating in the electronic warfare market are focusing on innovative products such as defensive electronic warfare systems to drive revenues in their market. Defensive electronic warfare systems are a category of military technology designed to protect against and counteract electronic threats and attacks which are primarily used to safeguard military assets, personnel, and critical infrastructure from hostile electronic and electromagnetic activities. For instance, in November 2021, Israel Aerospace Industries (IAI), an Israel-based aerospace and defense company launched defensive electronic warfare system. The system is made to target a variety of threats, such as communication cables, ships, missiles, UAVs, low probability of interception (LPOI) radars, and more. Defensive electronic warfare system is based on active electronically scanned array technology. Electronic warfare weapons introduced by IAI is intended to identify and neutralize a variety of threats over an extended range .

In April 2021, Gilmour Space Technologies, an Australia-based company which focuses on developing and launching small satellite launch vehicles and associated technologies partnered with DEWC Systems. This partnership includes the development of next-generation space-based sovereign electronic warfare capability launching MOESS into orbit. This partnership intends to use Gilmour's affordable, lightweight satellites to send DEWC Systems' miniaturized orbital electronic warfare sensor systems (MOESS) into orbit. DEWC Systems is an Australia-based company specializing in electronic warfare and counter-drone technology .

Major companies operating in the in the electronic warfare market market report are Lockheed Martin Corporation, BAE Systems PLC, Saab AB, RTX Corporation, Thales Group, General Dynamics Corporation, L3Harris Technologies Inc., Northrop Grumman Corporation, Israel Aerospace Industries Ltd., Leonardo SPA, Teledyne Technologies Inc., Elbit Systems Ltd., The Boeing Company, Textron Inc., ASELSAN AS, Hensoldt AG, Cobham Plc, The Boeing Company, Harris Corporation, Cohort plc, Mercury Systems Inc., Chemring Group PLC, Ultra Electronics Holdings plc, Kratos Defense & Security Solutions Inc., Elettronica S. p. A., Rohde & Schwarz GmbH & Co. KG, Terma A/S, Indra Sistemas SA, RADA Electronic Industries Ltd., QinetiQ Group PLC, SRC Inc.

North America was the largest region in the electronic warfare market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electronic warfare market market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the electronic warfare market market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The electronic warfare market includes revenues earned by entities by detecting, analyzing, and tracking potential threats. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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