Global Electronic Warfare Systems Market Growth (Status and Outlook) 2023-2029

Global Electronic Warfare Systems Market Growth (Status and Outlook) 2023-2029

Electronic warfare (EW) detects, interprets, controls or disrupts signals in the electromagnetic (EM) spectrum, typically radar, radio or infrared transmissions, to protect military assets from potential threats.
Modern military capabilities rely increasingly on the electromagnetic spectrum. War fighters depend on the spectrum to communicate with each other and their commanders, to understand the environment and inform decisions, to accurately identify and engage targets, and to protect them from harm.
LPI (LP Information)' newest research report, the “Electronic Warfare Systems Industry Forecast” looks at past sales and reviews total world Electronic Warfare Systems sales in 2022, providing a comprehensive analysis by region and market sector of projected Electronic Warfare Systems sales for 2023 through 2029. With Electronic Warfare Systems sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electronic Warfare Systems industry.
This Insight Report provides a comprehensive analysis of the global Electronic Warfare Systems landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Electronic Warfare Systems portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Electronic Warfare Systems market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electronic Warfare Systems and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electronic Warfare Systems.
The global Electronic Warfare Systems market size is projected to grow from US$ 15920 million in 2022 to US$ 21450 million in 2029; it is expected to grow at a CAGR of 4.4% from 2023 to 2029.
North America is forecasted to hold the largest share in the market due to rising insurgencies, territorial disputes, terrorism, and the unrest with other nations, thus driving the global market upwards till 2026.
Nations like Russia, China, North Korea, and Iran are involved in the act of modernizing their Electronic Warfare equipment in a bid to hold a better share in the market. Acts like these will help foster the growth of the market over the forecasted period.
The segment for electronic support is expected to have the highest growth rate during the forecast period. The rising demand for advanced communication systems and information gathering is of high importance. This makes other applications such as intelligence, surveillance, target acquisition, and reconnaissance (ISTAR), intelligence, surveillance and reconnaissance (ISR), signals intelligence (SIGINT) systems, and other such systems grow with the highest demand. The usage of unmanned aerial vehicles or drones is also rising in recent years, which is also driving market demand. Report data showed that 52% of the Electronic Warfare Systems market is Electronic Support in 2020.
Airborne application segment is forecasted to be the largest segment in the market, with a market share of over 56% globally in 2020. Increasing investments being carried out in the segment by the majority of the leading market players will be the major factor for the growth of the application segment.
This report presents a comprehensive overview, market shares, and growth opportunities of Electronic Warfare Systems market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Electronic Support
Electronic Attack
Electronic Protection
Segmentation by application
Airborne
Naval
Land
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
BAE Systems
Thales Group
Northrop Grumman
Raytheon
Lockheed Martin
Leonardo
General Dynamics
Elbit Systems
L3Harris Technologies
Cobham
Mercury Systems
Saab
Hensoldt

Please note: The report will take approximately 2 business days to prepare and deliver.