According to the latest market research report the Electronic Warfare market is projected to grow from USD 17.0billion in 2020 to USD 20.9 billion by 2025, at a CAGR of 4.2%. Electronic warfare (EW), as defined by the Department of Defense (DOD), includes military activities that use electromagnetic energy to control the electromagnetic spectrum and attack an enemy. The spectrum is a range of frequencies for electromagnetic energy. EW supports command and control (C2) by allowing military commanders access to the spectrum to communicate with forces while preventing potential adversaries from accessing the spectrum to develop an operational picture and communicate with their forces.
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By Capability, the support segment of the electronic warfare market is projected to witness the largest growth during the forecast period
In terms of capability, the market is segregated into electronic warfare support, protection, and attack. The electronic support segment is projected to witness the largest growth during the forecast period. It involves activities such as diverting, searching, identifying, locating, and distinguishing between the enemy and friendly electromagnetic radiation. Electronic support plays a vital role in locating the source of electromagnetic radiation for threat recognition. It is also used for intelligence gathering in tactical environments.
By Product, the Electronic warfare equipment segment is projected to witness the highest CAGR owing to the increasing focus on defense equipment up-gradation across the globe
The electronic warfare equipment segment is expected to grow at a higher CAGR owing to the increasing procurement of electronic warfare equipment for the up-gradation of various platforms such as naval vessels, land vehicle, and aircraft due to benefits such as advanced electronic protection, electronic attack, and electronic support applications. The uses of mechanical jamming or countermeasure dispensing systems deploy decoys such as flares or chaffs that confuse incoming radar or IR-guided missiles. Electronic jamming or electronic countermeasures use RF and IR jammers to jam the targeting systems of enemy aircraft or missiles.
The North America market is projected to contribute the largest share from 2020 to 2025 in the electronic warfare market
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).
Key Market Players
The electronic warfare market is dominated by a few globally established players such 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), among others, are the key manufacturers that secured electronic warfare contracts in the last few years. Major focus was given to the development of new products due to the changing requirements of armed forces across the world.
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