Global Electronic Warfare Market 2018-2022 | Adoption of OpenRFM Architecture to Boost Growth | Technavio
LONDON--(BUSINESS WIRE)--Oct 3, 2018--The global electronic warfare market is expected to post a CAGR of over 5% during the period 2018-2022, according to the latest market research report by .
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181003005871/en/
Technavio has published a new market research report on the global electronic warfare market for the period 2018-2022. (Graphic: Business Wire)
A key factor driving the growth of the market is the increasing use of UAVs in electronic warfare. The growing demand for UAVs worldwide is attributable to their varied applications in the military, civil, and commercial sectors; UAVs are extensively used for missions that are unsafe for manned aircraft. The use of unmanned electronic warfare systems helps in eliminating the risk to the pilot or operator’s life, and the long endurance time offers relatively greater coverage as compared to conventional manned aerial vehicles.
This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
In this report, Technavio highlights the adoption of OpenRFM architecture as one of the key emerging trends in the global electronic warfare market:
Global electronic warfare market: Adoption of OpenRFM architecture
In the past few years, the application of open systems architecture that supports RF and microwave technology in electronic warfare has witnessed rapid progress. These kinds of developments enable better interoperability, cost certainty, risk mitigation, and affordability. Such developments have been made possible due to technological innovations and the advent and adoption of OpenVPX standard which allows the design and implementation of high-speed and high-power switched fabric-based system.
“The increasing sophistication of electronic warfare and EA missions and related programs have demanded the growth of the lower band RF and higher frequency RF, along with microwave technologies. OpenRFM is one such modular and open architecture developed to combine hardware, firmware, and software that can be applied to electronic warfare and SIGINT. OpenRFM is a standardized, scalable approach that allows prime contractors to improve the existing applications to act against the evolving threats,” says a senior analyst at Technavio for research on defense.
Global electronic warfare market: Segmentation analysis
This market research report segments the global electronic warfare market by application (protection, support, and attack) and geographical regions (APAC, EMEA, and the Americas).
The protection segment held the largest market share in 2017, accounting for nearly 49% of the market. This application segment is expected to dominate the global market throughout the forecast period.
The Americas led the market in 2017 with a market share of nearly 43%. This region is expected to dominate the market through 2022, however, there will be a decrease in its market share by over 2%.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at .
View source version on businesswire.com:https://www.businesswire.com/news/home/20181003005871/en/
CONTACT: Technavio Research
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT HARDWARE SOFTWARE SECURITY
SOURCE: Technavio Research
Copyright Business Wire 2018.
PUB: 10/03/2018 04:09 PM/DISC: 10/03/2018 04:09 PM