Global Electronic Warfare Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Electronic Warfare Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Electronic warfare, also known as electronic countermeasure, refers to the main form of information warfare, which uses electromagnetic energy, directional energy, acoustic energy and other technical means to control the electromagnetic spectrum, weaken and destroy the operational effectiveness of the enemy's electronic information equipment, systems, networks and related weapon systems or personnel, while protecting the normal operational effectiveness of our own electronic information equipment, systems, networks and related weapon systems or personnel. With the rapid development of artificial intelligence technology, its application in the military field has attracted more and more attention from all countries. Electronic warfare is the key means to win modern wars. The application research of artificial intelligence in the field of electronic warfare has become a strategic focus for military powers, promoting the rapid development of electronic warfare industry.

Market Overview:

The latest research study on the global Electronic Warfare market finds that the global Electronic Warfare market reached a value of USD 21947.31 million in 2022. It’s expected that the market will achieve USD 30215.71 million by 2028, exhibiting a CAGR of 5.47% during the forecast period.

The global electronic warfare market is currently dominated by foreign manufacturers, and the competition in the industry market is becoming increasingly fierce. In recent years, the technology of the electronic warfare industry has developed rapidly, new products have been emerging, and electronic warfare equipment is developing towards integration. Enterprises need to invest a lot of money in research and development to meet the needs of the military modernization industry. From the perspective of the competition pattern of the electronic warfare industry, European and American enterprises have great advantages in terms of production scale, technical level and product diversity, and have strong competitiveness. After decades of development, internationally renowned enterprises represented by Lockheed Martin, Bae Systems, L3Harris Technologies, Inc., etc., have taken a leading position in the global market by virtue of their advantages in capital, technology, customer resources, brands, etc.

The industry is greatly affected by national policies.

Electronic warfare serves the military field of national defense. It is highly related to the scale of military expenditure and the amount of fixed asset investment in industrial planning, and is closely related to national industrial policies and macroeconomic policies. If there is a major adjustment in macroeconomic policies and the scale of military expenditure and fixed asset investment decreases accordingly, the overall market of the industry will be adversely affected

Large R&D investment, long R&D cycle

Electronic warfare industry related products are used in various cutting-edge military fields, with high technical level requirements, and early research and development has the characteristics of long R&D cycle, high R&D investment, high R&D risk, etc. For military enterprises, on the one hand, in order to promote R&D progress and achieve technological breakthrough, it is necessary to establish a horizontal R&D team involving multiple subdivisions and allocate R&D resources accordingly; On the other hand, due to the long R&D cycle and uncertainty, enterprises may face the risk of being unprofitable for a long period of time. Enterprises need to invest a lot of money to ensure the smooth progress of R&D and the normal operation of enterprises, so the industry has a high capital threshold and technical threshold

Region Overview:

In global comparison, a significant portion of the revenue was generated in North America (58.36% in 2021).

Company Overview:

Lockheed Martin, Bae Systems and L3Harris Technologies, Inc. are the top three companies in the electronic warfare market in 2021, accounting for 31.95% of the market share

Lockheed was founded in 1926, and later merged with Martin Marietta to become Lockheed Martin in 1995. Lockheed Martin is a global security and aerospace company, mainly engaged in the research, design, development, manufacturing, integration and maintenance of advanced technology systems, products and services

Bae Systems designs, manufactures, upgrades and supports combat vehicles and provides ammunition, precision ammunition, artillery systems and missile launchers to its global customer base.

Segmentation Overview:

Among different product types, Electronic Warfare Equipmen segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Ground segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Electronic Warfare market covered in Chapter 3:

Leonardo 
L3Harris Technologies, Inc.
General Dynamics 
Tellhow Technology
Lockheed Martin 
Teledyne Technologies
Saab 
Textron 
Hangtian Development
Elbit Systems 
Raytheon 
Thales 
Northrop Grumman Corporation
Israel Aerospace Industries 
Bae Systems 

In Chapter 4 and Chapter 14.2, on the basis of types, the Electronic Warfare market from 2018 to 2029 is primarily split into:

Electronic Warfare Equipment
Electronic Warfare Operational Support

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Electronic Warfare market from 2018 to 2029 covers:

Ground
Navy
Aerospace

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)