The Electronic Warfare Market size is projected to grow from USD 10.8 billion in 2023 to USD 19.4 billion by 2028, growing at a CAGR of 12.5 % from 2023 to 2028. The global electronic warfare (EW) market expansion is primarily attributed to escalating geopolitical tensions and the consequent defense modernization initiatives. Enhanced funding for research and development (R&D) activities fosters innovation in EW technologies, notably in quantum computing and artificial intelligence (AI) applications for electronic attack (EA), electronic protection (EP), and electronic support (ES).
Electronic Warfare Market Size and Key Points:
The Electronic Warfare Market Size is experiencing significant growth driven by evolving threats, technological advancements, and increased defense spending worldwide. This growth is fueled by the rising sophistication of modern threats, including cyber-attacks and electronic surveillance, which has led to a higher demand for electronic warfare systems. The Electronic Warfare Market Size is witnessing substantial growth driven by evolving threat landscapes, technological advancements, and increasing investments in defense systems worldwide. Here, we explore the current state of the electronic warfare market, highlighting key trends and projections.
Growing Threat Environment: The electronic warfare market size is expanding rapidly in response to the growing sophistication of modern threats, including cyber-attacks, jamming, and electronic surveillance. As nations seek to enhance their defense capabilities, the demand for electronic warfare systems to counter these threats is on the rise.
Technological Advancements: Advancements in electronic warfare technologies, such as cognitive EW, directed energy weapons, and software-defined radio, are driving market growth. These technologies enable more agile and adaptable defense systems capable of countering emerging threats effectively.
Increasing Defense Spending: Governments worldwide are increasing their defense budgets to address evolving security challenges. This surge in defense spending is driving investments in electronic warfare capabilities, including the procurement of advanced EW systems and upgrades to existing platforms.
Focus on Cyber EW: With the growing reliance on networked systems and digital infrastructure, cyber electronic warfare (EW) has become a critical component of modern defense strategies. Cyber EW involves the use of electronic warfare techniques to disrupt, degrade, or deny adversary cyber operations, making it an area of significant investment and development within the electronic warfare market.
Electronic Warfare Market by Platform (Ground, Naval, Airborne, Space), Capability (Electronic Support, Electronic Attack, Electronic Protection), End-Use, Product (Electronic Warfare Equipment, Operational Support) and Region - Global Forecast to 2028
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]
