The electronic warfare market is projected to reach US$ 27,797.72 million by 2028 from US$ 18,192.85 million in 2021

it is expected to grow at a CAGR of 6. 2% from 2021 to 2028. The goal of electronic warfare is to deny the enemy the advantage of the electromagnetic spectrum while ensuring that allied forces have unrestricted access to it.

New York, June 10, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Electronic Warfare Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Component, Application, and Product Type” – https://www.reportlinker.com/p06279436/?utm_source=GNW

Modern warfare has always included electronic warfare; however, it has progressed far beyond radio jamming.

Sensing, exploiting, and manipulating the electromagnetic spectrum (EMS) is becoming increasingly possible for electronic warfare weapons thus many key players along with governments are investing an massive amount of capital in developing electronic warfare positively impacting the electronic warfare market.As a relatively affordable and easily deployed way of stopping the operation of an enemy’s radar and shielding one’s similar equipment from interference, EW is becoming apriority.

The market players in the electronic warfare market are anticipated to provide lucrative growth opportunities in the coming years with the rising geographical tension between neighboring countries demand for electronic warfare systems in the global market will increase.

The electronic warfare market is analyzed on the basis of component, application, product type, and geography.Based on component, the market is segmented into hardware, software, and services.

By application, the market is segmented into electronic attack, electronic protection, electronic warfare support.Based on product type, the market is segmented into countermeasure systems, jammers, sensor systems, weapons systems, and others.

By geography, the market is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America.

Armed forces and non-state groups deploy unmanned aerial systems.The tiniest commercial drones can be weaponized and used to cause catastrophic damage.

Finding strategies to defeat the weaponized drones as their use spreads across the battlefield is a top issue.Electronic communications and technologies are critical for autonomous and remotely driven vehicles.

As the number of duties delegated to unmanned systems grows, the demand for counter-unmanned aerial systems (UAS) and electronic warfare (EW) technologies to counter them also rises.Unmanned aerial vehicles have become an important feature of armed forces worldwide.

Thus, the deployment of electronic warfare systems on unmanned vehicles is propelling the electronic warfare market.

Since 2016, Turkey has won conflicts purely using unmanned systems in Syria, Libya, and Azerbaijan, demonstrating the importance of such an EW capability.Also, in 2021, the Indian Army procured a set of new surveillance drones that allow the ground controller to communicate through a satellite.

As the procurement of unmanned vehicles is increasing, it is also augmenting the growth of electronic warfare systems market.The electronic defense/electronic attack system is made of two military trucks.

It is meant to jam and fool both conventional and complicated varieties of hostile radar and analyze multiple target signals over a wide frequency range. Thus, these new technology integrations with electronic warfare systems are expected to contribute to the electronic warfare market growth during the forecast period.

North America has experienced a rise in the uptake of electronic warfare market over the last decade.The US has increased its military spending on acquiring advanced and updated vessels, equipment, and lethal and electronic warfare.

According to the data published by Stockholm International Peace Research Institute (SIPRI), the US recorded an increase in military expenses in 2020 compared to 2019.The increase in military expenditure by North American countries influences the growth of this region’s electronic warfare market.

The increasing riots, protests, and terrorism in the region have created a significant demand for electronic warfare.Russia, France, the UK, Germany, and Italy are major countries with powerful military forces.

To further empower them, governments of these countries invest more in military technologies, including electronic warfare systems. According to SIPRI, Germany, France, Italy, the UK, and Russia spent US$ 52.7 billion, US$ 52.7 billion, US$ 28.9 billion, US$ 59.2 billion, and US$ 61.7 billion, respectively, on military operations in 2020. The presence of well-established market players in Europe such as Saab AB, Bae Systems plc, Thales Group, Cobham plc, and Leonardo is further augmenting the growth of the electronic warfare market in the region.

Lamperd Less Lethal, Inc.; Combined Systems, Inc.; Pepperball; and NonLethal Technologies, Inc. are the major companies operating in the North America electronic warfare market. The rising strategic initiatives and investments in new product developments are likely to propel the market’s growth in the coming years.

Impact of COVID-19 Pandemic on Electronic Warfare Market Share

The impact of COVID-19 was negative in North America, the US, Canada, and Mexico.The federal governments in North America are focusing on healthcare facilities.

They have cut back on defense spending as governments only want to cover existing contracts that are in place, leaving fewer opportunities for new procurement.Many ongoing defense programs have faced challenges such as a slowdown in production facilities that impacted the delivery of aircraft and navy carriers, military vehicles, and electronic warfare products.

For instance, Lockheed Martin delivered 120 aircraft in 2020, including 46 to international customers, bringing the total number of production aircraft delivered to 611 since the F-35 program’s inception.The advanced F-35 aircraft is equipped with advanced jammers, radar, laser, and electronic warfare systems.

Delay in delivering aircraft has led to a slowdown in the electronic warfare market. As per Insight partner research analysis Furthermore, due to the substantial decrease in the labor workforce, the accelerated production rate of tier three and tier four suppliers have slowed down, leading to the delayed purchase of electronic equipment restraining the market growth of the electronic warfare market.

The global electronic warfare market is primarily driven by the rising geographical tension between the neighboring countries electronic across developed and developing countries.Space is slowly becoming the new high ground for electronic warfare systems.

Physical destruction, laser blinding, and electronic warfare are all likely to be used to deny the enemy the use of their satellites and protect one’s satellites for their force multiplier effect.There is a need to consider the best method to integrate space assets into military operations.

Anti-satellite weapons, denial and deception tactics, jamming, usage of tiny satellites, hacking, and nuclear detonation are just a few examples of existing capabilities that can deny, disrupt, or physically destroy space systems and the terrestrial facilities that use and operate them. However, limited access to electronic warfare manufacturing facilities in developing countries is restricting the growth of the electronic warfare market.

Lockheed Martin Corporation, Raytheon Technologies, L3Harris Corporation, Northrop Grumman Corporation, and BAE Systems Plc hold a significant percentage of the electronic warfare market share.

The overall electronic warfare market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the electronic warfare market size.

The process also serves the purpose of obtaining an overview and market forecast of the electronic warfare market size with respect to all the market segments.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights into the topic.

The participants of this process include industry experts, such as VPs, business development managers, market intelligence managers, national sales managers, and external consultants, such as valuation experts, research analysts, and key opinion leaders, specializing in the market.

Read the full report: https://www.reportlinker.com/p06279436/?utm_source=GNW

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