Global Electronic Warfare Industry Market by Product (Electronic Support, Electronic Attack & Others), By Application (Anti-radiation Missiles, Jammers, Radar Warning Receiver, Self-protection EW Suite, Antennas, Interference Mitigation, Counter UAV System, IR Missile Warning System, Laser Warning Receiver, Identification Friend or Foe & Others), by Vertical (Military & Defense, Homeland Security & Commercial) and by region (North America, Europe, Asia Pacific, Middle East & Africa, and South America)” Global Electronic Warfare Industry Market was valued at US$ 14.4Bn in 2017 and is expected to reach US$ 21Bn by 2026, at a CAGR of 4.83% during a forecast period.
Major driving factors of the market are increase in the terrorism, drone attacks, and borders infraction are some of the factors driving the defense market. Globally, the usage of commercial drones has considerably increased which has posed a serious threat to the public safety and the violation of privacy, transportation roadways, tunnels and bridges, energy storage, generation and transportation and other vital elements of modern society are often targets of activists, terrorists and other would-be saboteurs. Increased security breach incidences, rising threats of aerial attacks have opened up substantial new market opportunities for the evolution of counter-UAV measures, Growth of anti-UAV industry and high R&D expenses will act as a restraint to the market.
Ground segment is leading the Electronic Warfare Industry Market.
Ground segment is expected to hold the largest share in the market during the forecast period due to this is due to ground terminals will continue to be a challenge and area of focus for global militaries, and the approach to acquiring ground terminals will most likely change. The ground segment is the ensemble of all the ground-based stations that give support and communicate with a spacecraft, like satellites or scientific probes, Ground station realize all bidirectional communication tasks between the mission control center and the satellite is from ground. In Product, Electronic Support segment is also expected to lead the market growth.
North America is the leading regional market for Electronic Warfare Industry Market.
North America is expected to hold the largest share in the market during the forecast period owing to increased maritime security sector, the increase in number of security breach incidents by unidentified drones and increasing terrorist attacks in the North America. The US military has continued to make robust related investments in the electronic warfare systems domain, Military and defense is expected to emerge as the largest end-use segment over the forecast period due to increase in R&D activities by defense prime contractors. The US market is an increase in the sheer volume of sales in the electronic warfare market.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as are Israel Aerospace Industries Ltd., Harris, Rockwell Collins, SAAB, Alliant Techsystems, Inc., Boeing, Northrop Grumman, BAE Systems, Thales, Cobham, Elbit Systems, Raytheon, Thales and Exelis Inc.
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the Electronic Warfare Industry Market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Electronic Warfare Industry Market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Electronic Warfare Industry Market positioning of competitors.
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