The Electronic Warfare market size is projected to grow from USD 17.0 billion in 2020 to USD 20.9 billion by 2025, at a CAGR of 4.2% from 2020 to 2025. Significant technological advancements and integration of electronics in military equipment are resulting in a shift towards multilayered defense systems, which is expected to drive the electronic warfare market during the forecast period. Adding to these factors, the increase in the use of UAV systems and the need for ground surveillance and communication jamming serve as opportunities for the electronic warfare market. That being said, the high cost of research & development and equipment, as well as the complexity of the development cycles of these systems, restrain the market growth
Major manufacturers in this market are based in North America, followed by Europe. BAE Systems Plc. (UK), Northrop Grumman Corporation (US), Raytheon Technologies Corporation (US), Lockheed Martin Corporation (US), Thales Group (US), L3Harris Technologies, Inc. (US), Israel Aerospace Industries (Israel), and SAAB AB (Sweden), among others, are the key manufacturers that secured electronic warfare contracts in the last few years. Major focus was given to the development of new products due to the changing requirements of armed forces across the world. These players have adopted various organic and inorganic growth strategies to strengthen their position in the market. These include product launches, contracts, partnerships, collaborations, expansions, acquisitions, and new product development activities further to expand their presence in the electronic warfare market.
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BAE Systems secures the first position in the electronic warfare market. The US-based company is a key supplier of surveillance radars to the US military and is the worlds second-largest defense contractor. It showcases strong experience in developing next-generation EW solutions and has installed its EW systems on more than 120 different platforms. Some key fixed-wing aircraft platforms where its products are installed include the C-12/RC-12, C-23 Sherpa, C-26, EC-37B, EC-130H, F-15, F-15SA, F-16, F-22, F-35, Harrier, Tornado, U-2 S, and the UC-35. Some of the key rotary-wing aircraft platforms where its products are installed include the AH-64, CH-47/MH-47, Lynx, Merlin, OH-58D,Puma, Sea King, and the UH-60/HH-60/MH-60, among others. BAE Systems has delivered 13,000 EW systems to date and offers electronic support, electronic attack, electronic protection, and mission support capabilities.
Lockheed Martin Technologies is ranked second in the electronic warfare market. It manufactures a variety of electronic warfare equipment such as submarine electronic warfare systems, direction finders, automatic threat warning and situation assessment systems, radio-controlled improvised explosive devices (RCIED), GPS spatial temporal anti-jam receivers (GSTAR), among others. The company also provides radars that use electro-optical/infrared sensor systems for advanced precision targeting, navigation, threat detection, and next-generation intelligence, surveillance, and reconnaissance.
Raytheon Technologies Corporation is one of the leading companies that provide products for defense, civil government, and cybersecurity applications. The company offers advanced sensors and imaging technology, as well as missile defense systems. The EWS portfolio includes the Next Generation Jammer (NGJ) program, the High-Energy Laser (HEL) Weapon Systems for Counter-UAS and Precision Strike program, infrared and visible focal plane array manufacturing operations, integrated electronic warfare suites, the development of electronic warfare planning and management tools (EW PMT), the Multi-function Integrated Receiver/Exciter System (MFIRES) product family, advanced classified programs, and products such as towed decoys, radar warning receivers, radar and communications countermeasures, and missile warning sensors, among others. The merger of Raytheon Company and United Technologies Corporation will create more opportunities for both companies.
Electronic Warfare Market by Capability (Support, Attack, Protection), Platform (Airborne, Naval, Ground, Space), Product (EW Equipment, EW Operational Support), and Region - Global Forecast to 2025
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