Electronic Warfare Market by Product (Equipment, Operational Support), Capability (Attack, Protection, Support), End-Use - Global Forecast 2024-2030

Electronic Warfare Market by Product (Equipment, Operational Support), Capability (Attack, Protection, Support), End-Use - Global Forecast 2024-2030

The Electronic Warfare Market size was estimated at USD 18.68 billion in 2023 and expected to reach USD 20.38 billion in 2024, at a CAGR 9.74% to reach USD 35.82 billion by 2030.

Electronic Warfare (EW) encapsulates the strategic use of the electromagnetic spectrum to effectively deny or degrade its use by adversaries while ensuring its unrestricted access for friendly forces. It encompasses practices such as electronic attack, electronic protection, and electronic support to manipulate or intercept communications and radar signals. The electronic warfare market is experiencing significant growth, driven by heightened global security concerns, rapid technological advancements, and the strategic integration of EW into military operations to achieve informational superiority. However, the high cost of deployment and the swift pace of technological innovation necessitating continuous updates to EW systems present both financial and operational challenges. Despite these challenges, the advent of cognitive electronic warfare, powered by AI, offers prospects for more efficient and effective threat countering. Increased investments in research and development present new growth opportunities for market players.

Regional Insights

In the Americas, the electronic warfare market is growing rapidly, primarily attributed to the substantial defense budget, ongoing investments in advanced electronic warfare systems to maintain technological superiority, and the increasing importance of electronic warfare in national security strategies. Additionally, the push for modernizing existing military assets to counter perceived threats enhances the market's growth in this region. Europe shows significant growth potential, driven by NATO countries' efforts to enhance their electronic warfare capabilities in response to evolving security challenges. This includes upgrading existing systems and integrating electronic warfare technologies into new platforms. The Middle East remains a robust market, fueled by ongoing conflicts and the consequent need for advanced defense mechanisms, including electronic warfare systems. Africa, while still in the nascent stages of electronic warfare capabilities development, shows potential for growth, particularly in regions facing security challenges. Asia-Pacific is witnessing rapid growth in the electronic warfare market, owing to the increased defense spending by countries such as China, India, Australia, and South Korea. The diverse range of geopolitical interests, coupled with the need for surveillance and reconnaissance capabilities, drives the demand for advanced electronic warfare systems in APAC.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Electronic Warfare Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Increasing geopolitical tensions and security threats worldwide
Rising deployment of electronic warfare capabilities on unmanned platforms

Market Restraints

High cost associated with the development and deployment of electronic warfare

Market Opportunities

Emergence of cognitive electronic warfare technologies
Government investments in research and development for advanced defense technologies

Market Challenges

Stringent regulatory compliances related to electronic warfare

Market Segmentation Analysis

Product: Growing adoption of advanced equipment to address the immediate needs of electronic warfare on the battlefield
End-Use: Rising deployment of electronic warfare on UAVs for airborne security and surveillance

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Electronic Warfare Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Electronic Warfare Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

ECIL Secures Significant Contract for Enhancing Communication Systems of Indian Army

Electronics Corporation of India Limited (ECIL), a state-owned enterprise under the Department of Atomic Energy, has been awarded a lucrative contract valued at INR 980 crore to bolster the communication capabilities of the Indian Army. This initiative aims to supply cutting-edge Communication Security (COMSEC) and Transmission Security (TRANSEC) systems, instrumental in upgrading the military’s communication infrastructure to safeguard against electronic warfare and cyber threats.

RTX Secures USD 80 Million Contract for Advancing Super Hornet Electronic Warfare Capabilities

The U.S. Navy recently awarded RTX, a contract worth USD 80 million to develop cutting-edge electronic warfare technology specifically for the F/A-18 Super Hornet aircraft. This initiative is expected to substantially upgrade the electronic warfare capabilities of the Super Hornet, enhancing its ability to counter and suppress enemy electronic threats effectively.

Partnership between Hensoldt and Rafael Develops Advanced Jamming System to Enhance Naval Vessel Protection

In a significant advancement in electronic warfare, Hensoldt, in collaboration with Israeli defense specialist Rafael, has engineered an innovative jamming system aimed at bolstering the electronic defenses of naval vessels. This cutting-edge, fully digital solution is designed to intercept and counteract a wide array of electronic threats encountered in naval engagements, thus significantly reducing the vulnerability of ships to such attacks. By leveraging sophisticated electronic interference techniques, this system plays a crucial role in safeguarding naval assets from emerging threats, highlighting the importance of electronic warfare capabilities in modern naval strategy.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Electronic Warfare Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Electronic Warfare Market, highlighting leading vendors and their innovative profiles. These include Abaco Systems by AMETEK, Inc., Aselsan A.Ş., BAE Systems PLC, Bharat Dynamics Limited, CACI International Inc., Cobham Advanced Electronic Solutions, Elbit Systems Ltd., Galleon Embedded Computing by Spectra Aerospace & Defense, GBL Systems Corporation, General Dynamics Mission Systems, Inc., Hensoldt AG, Honeywell International Inc., HR Smith Group of Companies, Huntington Ingalls Industries, Inc., IAI Group, Indra Sistemas, S.A., L3Harris Technologies, Inc., Leidos, Inc., Leonardo S.p.A., Lockheed Martin Corporation, Mistral Solutions Pvt. Ltd. by AXISCADES Inc., National Instruments Corporation by Emerson Electric Co., Raytheon Technologies Corporation, Rohde & Schwarz GmbH & Co KG, RTX Corporation, Saab AB, Tata Advanced Systems Limited, Teledyne Technologies Incorporated, Thales Group, and The Boeing Company.

Market Segmentation & Coverage

This research report categorizes the Electronic Warfare Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product
Equipment
Antennas
Anti-Radiation Missiles
Counter UAV Systems
Directed Energy Weapons
Direction Finders
Directional Infrared Countermeasures
Electromagnetic Pulse Weapons
Identification Friend/Foe Systems
Laser Warning Systems
Radar Warning Receivers
Self-Protection EW Suite
Operational Support
Simulation
Software
Capability
Attack
Active
Passive
Protection
Anti-Active
Anti-Passive
Support
Communications Intelligence
Electronic Intelligence
Signals Intelligence
End-Use
Air
Land
Naval
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year