Electronic Warfare Market Research Report 2022 - 2032
The demand
for electronic
warfare is expected to
reach US$ 17856.2 million in 2022, rising at a CAGR of 5.6% to US$ 30763.9
million from 2022 to 2032. A CAGR of 4.2% was recorded for the electronic
warfare market from 2017 to 2021.
A majority of
people have seen and are familiar with warships, fighter aircrafts, battle
tanks, and submarines in action, either directly or via television or films.
But fight involving the use of radar emissions and radio waves is also going on
in the atmosphere. This silent battle of beams which uses focused energy such
as laser light, radio waves to confuse or disable enemy's electronics is
commonly called electronic warfare (EW).
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Electronic warfare
uses entire range of electromagnetic spectrum. Hence it is sometime also known
as electromagnetic warfare. Electronic warfare equipment began to be developed
back during World War - II, since then electronic warfare system has become more
specialized and sophisticated. Electronic Warfare is a military action which
involves the use of electromagnetic energy to control, exploit, decrease, or
avoid the hostile use of electromagnetic spectrum and it also involves sensing
the radar of an incoming missile and listening i.e. collecting an enemy's radio
signals.
Global Electronic
Warfare Market: Drivers
Development in the
electromagnetic spectrum drives the use of electronic equipment and associated
weapon systems which are required to sense and counter these weapons that is
included among the factor driving the electronic warfare market growth.
Increasing adoption of visual and infrared techniques such as laser and other
technologies are expected encourage the growth of electronic warfare market. Electronic
warfare has become an essential requirement of strategic landscape for all war
fighters.
Situations such as
political conflicts, territorial disputes, and cold-wars are expected to
positively impact the electronic warfare market. Increasing popularity of
small electronic systems that can be integrated within platforms such as
unmanned systems is also expected to drive electronic warfare market growth.
Other factors that
has a positive impact on the electronic warfare market include increased system
reliability, efficiency and effectiveness due to the introduction of
travelling-wave tube- (TWT) technology used for electronic warfare application,
and emergence of cognitive electronic warfare technology.
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Global Electronic
Warfare Market: Restraints
Lack of technical
knowhow, adaptability to the new technology and the laws formed to limit the
investment dedicated to the R&D in this sector in some regions are included
among a few restraints that negatively impact the growth of global electronic
warfare market.
Key Companies
Profiled
·
BAE systems Plc.
·
Harris Corporation
·
General Dynamics
·
Elbit Systems
·
Lockheed Martin
·
Raytheon
·
Northrop Grumman
·
Boeing, Cobham Plc.
·
Tata Power SED
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