The Electronic Warfare market size is projected to grow from USD 18.5 billion in 2022 to USD 23.2 billion by 2027, at a CAGR of 4.7% from 2022 to 2027. 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 (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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The leader in the market for electronic warfare is BAE Systems. The US-based business, which ranks as the second-largest defense contractor in the world, is a major provider of surveillance radars to the US military. It has placed its EW systems on more than 120 distinct platforms and shown excellent expertise in creating next-generation EW solutions. Its products are used on a number of significant fixed-wing aircraft platforms, such as 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 UC-35. Its products are placed on numerous important rotary-wing aircraft platforms, including the AH-64, CH-47/MH-47, Lynx, Merlin, OH-58D, Puma, Sea King, and UH-60/HH- 60/MH-60, among others. With capabilities for electronic support, electronic attack, electronic defense, and mission support, BAE Systems has supplied 13,000 EW systems to date.
Lockheed Martin Corporation
In the market for electronic warfare, Lockheed Martin Technologies is placed second. It produces a range of electronic warfare tools, including GPS spatial temporal anti-jam receivers (GSTAR), radio-controlled improvised explosive devices (RCIED), automatic threat warning and situation assessment systems, and submarine electronic warfare systems. The business also sells radars with advanced precision targeting, navigation, threat detection, and next-generation intelligence, surveillance, and reconnaissance capabilities.
Raytheon Technologies Corporation
One of the top firms offering goods for defense, civil government, and cybersecurity applications is Raytheon Technologies Corporation. The business provides sophisticated sensors, imaging technology, and missile defense systems. The Next Generation Jammer (NGI) program, the High-Energy Laser (HEL) Weapon Systems for Counter-UAS and Precision Strike program, the manufacturing of infrared and visible focal plane arrays, the development of integrated electronic warfare suites, the Multi-function Integrated Receiver/Exciter System (MFIRES) product family, advanced classified programs, and products like towed vehicles are all included in the EWS portfolio. There will be increased potential for both businesses as a result of the Raytheon Technologies Corporation and United Technologies Corporation merger..
Israel Aerospace Industries Ltd. (IAI)
IAI is among the leading players in the electronic warfare market. The company has a broad product portfolio, covering airborne, land, and naval applications. It has multiple electronic warfare products such as SIGINT systems, COMINT & direction finding (DF), missile approach warning systems (MAWS), and EW Suite Controller, among others. The company focuses on research & development of new technologies and is a key supplier of defense technologies to India and other Asia Pacific countries. It has innovative intrusion detection and monitoring systems, maritime surveillance applications, and multi-sensor imaging solutions for various missions.
L3Harris Technologies Inc.
L3Harris Technologies Inc. is a prominent player in the electronic warfare market. The company offers a wide range of electronic warfare products for various applications such as CORVUS, Viper Shield AN/ALQ-254(V)1 All-Digital Electronic Warfare Suite, AN/ALQ-214 (IDECM) F/A-18 Countermeasure System, among others, and has a strong customer base in major defense contractors and a strong reputation among defense organizations. The growth of the company is driven by strong customer relationships, cutting-edge technologies, and strategic partnerships with leading companies in the electronic warfare market.
Electronic Warfare Market by Capability (Support, Attack, Protection), Platform (Airborne, Naval, Ground, Space), Product (EW Equipment, EW Operational Support), End Use (OEM, Upgradtion) and Region - Global Forecast to 2027
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