The electronic warfare market involves technologies, systems & other countermeasures used to deceive or disrupt enemy systems that rely on the electromagnetic spectrum such as radars, communications, etc. It helps protect military assets from enemy attacks. Countries are increasingly investing in EW capabilities amid growing cross-border security threats. These systems help neutralize enemy weaponry by jamming enemy communications and radar signals. They also gather signals intelligence from hostile emitters. Prominent applications include support of air operations, protection of ground forces, and naval missions.

The Global Electronic Warfare Market is estimated to be valued at US$ 18.45 Bn in 2024 and is expected to exhibit a CAGR of 5.7% over the forecast period 2024 to 2031.


Key Takeaways
Key players operating in the electronic warfare market are BAE Systems plc, Elbit Systems Ltd., General Dynamics Corporation, Israel Aerospace Industries Ltd., L3Harris Technologies Inc., Leonardo SpA, Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies Corporation, SAAB AB, Thales Group, Mistral Solutions Pvt. Ltd., Chelton Limited, Rafael Advanced Defense Systems Ltd, Rohde & Schwarz India Pvt Ltd, QUEST GLOBAL, Mercury Systems, Inc., IAI, DRDO, TEKTRONIX, INC., and Tata Advanced Systems Limited.

The growing demand for effective EW systems to tackle emerging threats like drones and precision-guided weapons is fueling market growth. Modern warfare is increasingly dependent on advanced EW systems to counter enemy weaponry that relies on electromagnetic signals for execution. Countries are allocating higher shares of defense budgets for modernizing and boosting EW capabilities.

Key players are expanding their Electronic Warfare Market Size global footprint through partnerships, acquisitions, and new technology offerings to capture larger shares of foreign defense budgets and capitalize on rising global demand for EW systems. They are offering advanced integrated solutions, open architecture systems, and smarter technologies to handle evolving threats. Contracts and collaborations to supply systems for new aircraft, ships, and land programs across Asia Pacific, Europe, Middle East & Africa are propelling international expansion.

Market Drivers
Increasing defense spending by major economies like the US, China, India, Japan is one of the key drivers as EW systems account for a notable allocation. Growing expenditure on modern weaponry and security amid rising threats positively impacts EW market demand. The emergence of advanced threats involving drones, stealth aircraft, and cyber & electronic attacks has boosted EW requirements globally. Continual technological advancements in EW domains including AI, big data analytics, and dynamic modeling are also fueling market growth.

Impact of Current Geopolitical Situation on Electronic Warfare Market Growth

The electronic warfare market is witnessing substantial growth owing to rising geopolitical tensions and cross-border conflicts globally. With advancing warfare technologies, countries are increasingly investing in electronic warfare capabilities to gain strategic advantage over adversaries. The ongoing Russia-Ukraine conflict has intensified the need to enhance electronic warfare defences. Both nations are relying heavily on electronic warfare platforms like jammers and interceptors to disrupt enemy communications and gain situational awareness. Meanwhile, China's aggressive military posturing in the Indo-Pacific region has also prompted nations like India, Japan, Australia and the US to bolster their electronic warfare capabilities. Growing security threats from terrorists and dissent groups are spurring procurement of electronic warfare systems as well.

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