Electronic Warfare Market Overview
The Electronic Warfare in Semiconductor & Electronics Market size accounted for USD 10.87 Billion in 2023 and is estimated to account for 12.52 Billion in 2024. The Market is expected to reach USD 23.56 Billion by 2034 growing at a compound annual growth rate (CAGR) of 12.57% from 2024 to 2034. The Electronic Warfare (EW) Market involves the use of electromagnetic spectrum to detect, disrupt, or manipulate enemy communications, radar, and other electronic signals. It encompasses technologies like jamming, electronic countermeasures, and intelligence gathering. EW is vital for military operations, enhancing both defensive and offensive capabilities by protecting assets from adversary attacks while compromising their systems. The market is driven by increasing geopolitical tensions, modernization of military equipment, and advancements in cyber and electromagnetic technologies. Applications include air, naval, ground, and space-based platforms used by defense forces globally.
Global Electronic Warfare Market Synopsis
Global Electronic Warfare Market Dynamics
The major factors that have impacted the growth of Electronic Warfare are as follows:
Drivers:
⮚    Technological Advancements in Electronics and Cyber Warfare
Rapid technological advancements in the fields of cyber warfare, signal processing, artificial intelligence (AI), and machine learning are transforming the landscape of electronic warfare. These technologies enable more sophisticated electronic intelligence gathering, automated signal jamming, and precise targeting of enemy electronic systems. The integration of AI in EW systems allows for faster and more effective responses to enemy threats, making defense systems smarter and more resilient to electronic attacks.
Restraint:
- Cybersecurity Vulnerabilities
While EW systems are designed to protect military assets from electronic attacks, they are themselves vulnerable to cyber threats. The increasing integration of software and digital technologies in EW systems opens them up to potential cyberattacks that could disable or compromise their functions. Adversaries may exploit these vulnerabilities to gain unauthorized access to EW systems, tamper with their operations, or gather sensitive intelligence.
Opportunity:
⮚    Expansion of Cyber Warfare Capabilities
As cyber warfare becomes increasingly important in modern conflicts, there is a growing opportunity for EW systems that can integrate cybersecurity measures to protect against and respond to cyberattacks. This includes developing EW solutions that can safeguard communication networks, command-and-control systems, and critical infrastructure from cyber threats.
Electronic Warfare Market Segment Overview
By Product
Based on the Product, the market is segmented based on Equipment, Operational Support. the Equipment segment dominates. This is due to the essential role of physical EW systems, such as radar jammers and electronic countermeasure devices, in both defensive and offensive operations.
By End-use
Based on the End-use, the market has been divided into Airborne, Land, Naval, Space. the Airborne segment dominates. This is driven by the extensive use of EW systems in aircraft for both offensive and defensive operations, as well as their critical role in air superiority and surveillance missions
By Capability
Based on Capability, the market has been divided into Support, Attack, Protection. the Protection segment dominates. This is due to the high demand for EW systems designed to safeguard military assets and communication networks from electronic attacks and interference
Global Electronic Warfare Market Regional Analysis
Based on region, the market has been divided into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. The area of North America is anticipated to dominate the market for the usage of Electronic Warfare, followed by those in Asia-Pacific and Europe.
Electronic Warfare North America Market
North America dominates the Electronic Warfare market due to several factors. In 2022, the North American Electronic Warfare Market was valued at USD 7.099 billion, and it is anticipated to increase at a substantial compound annual growth rate (CAGR) throughout the course of the research. The Department of Defense’s largest defense spending in the United States is to blame for the surge. The United States of America allocated USD 782 billion for defense in 2022. The government allocated USD 3.17 billion by 2021 to the U.S. 45 Electronic Warfare programs across military service divisions and other platforms.
Electronic Warfare Asia Pacific Market
The Asia-Pacific region has been witnessing remarkable growth in recent years. From 2022 to 2030, the Asia-Pacific Electronic Warfare Market is anticipated to expand at the fastest rate. The expansion of the region is attributed to rising defense spending from countries like Australia, China, Japan, and India. The Indian Air Force plans to equip its fleet of fighter aircraft with an advanced Electronic Warfare suite. The Indian defense ministry entered into an agreement with Bharat Electronics Limited (BEL) to supply the Indian Air Force with state-of-the-art fighter aircraft equipped with these features.
Competitive Landscape
The competitive landscape includes key players (tier 1, tier 2, and local) having a presence across the globe. Companies such as BAE Systems, Northrop Grumman Corporation, RAYTHEON TECHNOLOGIES CORPORATION, Lockheed Martin Corporation, and Thales Group are some of the leading players in the global Electronic Warfare Industry. These players have adopted partnership, acquisition, expansion, and new product development, among others as their key strategies.
Key Market Players:
- BAE Systems
- Northrop Grumman Corporation
- RAYTHEON TECHNOLOGIES CORPORATION
- Lockheed Martin Corporation
- Thales Group
- L3Harris Technologies
- Israel Aerospace Industries
- SAAB AB
- Elbit Systems Ltd
- General Dynamics Corporation
Key development:
May 2022 The U.S. government awarded a contract to Northrop Grumman Corporation. S. The AN/ALQ-257 Integrated Viper Electronic Warfare Suite (IVEWS) will continue to be prepared by the Air Force for developmental testing and complete hardware qualification.
Scope of the Report
Global Electronic Warfare Market, by Product
- Equipment
- Operational Support
Global Electronic Warfare Market, by End-use
- Airborne
- Land
- Naval
- Space
Global Electronic Warfare Market, by Capability
- Support
- Attack
- Protection
Global Electronic Warfare Market, by Region
- North America
- US
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Benelux
- Nordic
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Indonesia
- Austalia
- Malaysia
- India
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of Middle East & Africa
| Parameters | Indicators |
|---|---|
| Market Size | 2034: USD 23.56 Billion |
| CAGR (2021-2034) | 12.57% |
| Base year | 2023 |
| Forecast Period | 2021-2034. |
| Historical Data | 2021 (2017 to 2020 On Demand) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Key Segmentations | Product, End-use, Capability |
| Geographies Covered | North America, Europe, Asia-Pacific, South America, Middle East, Africa |
| Key Vendors | BAE Systems, Northrop Grumman Corporation, RAYTHEON TECHNOLOGIES CORPORATION, Lockheed Martin Corporation, Thales Group, L3Harris Technologies, Israel Aerospace Industries, SAAB AB, Elbit Systems Ltd, General Dynamics Corporation |
| Key Market Opportunities | ·      Warfare Equipment Use increased due to the Use of Cyber Operations |
| Key Market Drivers | ·      Increase in the Use of EW Equipment Due to Drone Threats and Remotely Triggered IEDs. |
REPORT CONTENT BRIEF:
- High-level analysis of the current and future Electronic Warfare market trends and opportunities
- Detailed analysis of current market drivers, restraining factors, and opportunities in the future
- Electronic Warfare market historical market size for the year 2022, and forecast from 2021 to 2034
- Electronic Warfare market share analysis at each product level
- Competitor analysis with detailed insight into its product segment, Government & Defense strength, and strategies adopted.
- Identifies key strategies adopted including product launches and developments, mergers and acquisitions, joint ventures, collaborations, and partnerships as well as funding taken and investment done, among others.
- To identify and understand the various factors involved in the global Electronic Warfare market affected by the pandemic
- To provide a detailed insight into the major companies operating in the market. The profiling will include the Government & Defense health of the company’s past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.
