Electronic Warfare: Worldwide Market Outlook, Opportunities & Challenges to 2022 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jul 13, 2018--The “Electronic Warfare Market by Capability (Electronic Support, Electronic Attack, Electronic Protection), Platform (Airborne, Naval, Ground, Space), Product (EW Equipment, EW Operational Support), and Region - Global Forecast to 2022” report has been added to ResearchAndMarkets.com’s offering.
The electronic warfare market is projected to grow from an estimated USD 24.20 billion in 2017 to USD 30.32 billion by 2022, at a CAGR of 4.61% from 2017 to 2022.
The rise in defense expenditures, combined with increasing R&D activities to develop advanced electronic warfare products capable of countering enemy attacks, is expected to propel the growth of the electronic warfare market across the globe. On the other hand, traditional warfare systems being procured by developing countries rather than electronic warfare systems can act as a restraint for the market.
Based on platform, the airborne-based EW segment is estimated to lead the electronic warfare market in 2017. This is mainly due to the high adoption of modern electronic warfare systems for airborne platforms such as fighter jets and ISR aircraft as well as unmanned aircraft. These platforms are being equipped with advanced attack and countermeasure electronic warfare systems.
Based on capability, the electronic support segment is estimated to lead the electronic warfare market in 2017. This is mainly attributed to the extensive use of electronic support measures by defense forces to obtain situational awareness of the battlefield for threat evaluation.
Based on products, the EW equipment is estimated to lead the electronic warfare market in 2017. EW products include all the major products in the electronic warfare market that are used for electronic support, electronic attack, and electronic protection. These products are being equipped in various military platforms for attack and defense using electromagnetic spectrum.
Some of the key players in the electronic warfare market include BAE Systems (UK), Harris (US), Raytheon (US), Northrop Grumman (Germany), Lockheed Martin (US), and Boeing (US).
Companies FeaturedNorthrop Grumman Elbit Systems Israel Aerospace Industries Lockheed Martin Boeing Saab Thales Textron BAE Systems Raytheon L3 Technologies Rockwell Collins Teledyne Technologies Harris Leonardo General Dynamics
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INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY MANUFACTURING AEROSPACE DEFENSE OTHER DEFENSE
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PUB: 07/13/2018 02:40 PM/DISC: 07/13/2018 02:41 PM