Global Electronic Warfare Systems Market to Reach US$27.7 Billion by 2030
The global market for Electronic Warfare Systems estimated at US$18.9 Billion in the year 2023, is expected to reach US$27.7 Billion by 2030, growing at a CAGR of 5.6% over the analysis period 2023-2030. Electronic Support Capability, one of the segments analyzed in the report, is expected to record a 5.9% CAGR and reach US$13.5 Billion by the end of the analysis period. Growth in the Electronic Attack Capability segment is estimated at 5.2% CAGR over the analysis period.
The U.S. Market is Estimated at US$7.1 Billion While China is Forecast to Grow at 7.1% CAGR
The Electronic Warfare Systems market in the U.S. is estimated at US$7.1 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.2 Billion by the year 2030 trailing a CAGR of 7.1% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.0% and 5.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR.
Global Electronic Warfare Systems Market - Key Trends & Drivers Summarized
Electronic Warfare Systems are critical components in modern military operations, designed to disrupt, deceive, and deny the adversary`s use of the electromagnetic spectrum while protecting friendly systems. These systems encompass a range of technologies and techniques, including electronic attack (EA), electronic protection (EP), and electronic support (ES). Electronic attack involves jamming enemy communications and radar, launching cyber-attacks, and deploying electromagnetic pulses (EMP) to incapacitate electronic equipment. Electronic protection focuses on safeguarding friendly forces from these same tactics, employing countermeasures such as frequency hopping and stealth technology to evade detection and interference. Electronic support, on the other hand, involves monitoring the electromagnetic spectrum to gather intelligence, detect enemy signals, and provide situational awareness, thereby informing strategic decisions and tactical responses.
Technological advancements have significantly enhanced the capabilities of Electronic Warfare Systems, making them more sophisticated and effective. Innovations in signal processing, artificial intelligence (AI), and machine learning (ML) have enabled more precise and rapid identification of threats, allowing for real-time adaptive responses. The development of more powerful and compact electronic components has facilitated the integration of EWS into a wider array of platforms, including unmanned aerial vehicles (UAVs), ships, and ground vehicles. Additionally, the advent of cyber-electronic warfare has expanded the scope of traditional EW, merging cyber operations with electronic attacks to create more versatile and potent threats. The use of directed energy weapons, such as high-powered microwaves and lasers, represents another significant advancement, offering new means to disrupt or destroy enemy electronics from a distance.
The growth in the Electronic Warfare Systems market is driven by several factors. The war front-stance of the defense industry on modernization of military capabilities, high uptake of UAVs, and increasing incident of geopolitical conflicts, terrorist attacks and security breaches are driving market growth. Geopolitical tensions and the modernization of military forces globally are spurring investments in advanced EWS to maintain strategic and tactical advantages. The increasing complexity and proliferation of electronic threats, including advancements in enemy radar and communication technologies, necessitate continuous improvements in EW capabilities. Government’s focus on air defense and radar systems along with high uptake of military robots is buoying the global market. Increasing use of advanced platforms for detecting and intercepting enemy weapons is set to fuel global demand for these systems. Technological advancements along with the resulting transition toward multilayered defense systems are bound to augur well for electronic warfare. In addition, broader uptake of UAVs, ground surveillance solutions and communication jamming are key factors responsible for growing preference of electronic warfare platforms. These factors, combined with ongoing technological innovations and the evolving nature of electronic warfare, are propelling robust growth in the Electronic Warfare Systems market, ensuring its pivotal role in modern and future combat operations.
Select Competitors (Total 147 Featured) -Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook