HOME Research Insight Harris (US) and BAE Systems (UK) are the Key Players in the Electronic Warfare Market

Harris (US) and BAE Systems (UK) are the Key Players in the Electronic Warfare Market

Electronic Warfare (EW) can be defined as any action that involves the use of electromagnetic or directed energy to counter an enemy attack. Electronic warfare includes electronic attack, electronic protection, and electronic support. The electronic warfare market is projected to grow from an estimated USD 24.20 Billion in 2017 to USD 30.32 Billion by 2022, at a CAGR of 4.61% from 2017 to 2022. The electronic warfare market in North America is fueled by the modernization programs and increasing demand for air defense systems. Apart from this, significant investments by key electronic warfare manufacturers for the development of innovative technologies is expected to fuel this market.

Lockheed Martin (US), Northrop Grumman (US), Harris (US), BAE Systems (UK), and Raytheon (US) are some of the key players operating in the electronic warfare market. These market players focused on securing contracts to ensure their organic growth in the electronic warfare market from 2012 to 2017. The core competencies of these players include their widespread geographical presence and increased investments in R&D activities.

Harris is a major player in the electronic warfare market. The company has a wide product portfolio that consists of various types of electronic warfare systems, including ESM, jammers, decoys, Laser Warning System (LWS), and Anti-radiation Missiles (ARMs), among others. Harris designs and manufactures high-performance electronic warfare products for its military customers. It focuses on acquiring contracts and signing agreements with the US government and other defense agencies, which, in turn, help the company enhance its revenue. In addition, the company intends to expand its core business by developing new products in the electronic warfare market. In October 2017, Harris was awarded a USD 133 million contract to supply Lot 14 AN/ALQ-214(V)4/5 onboard jammers for US Navy and Australian F/A-18s. Under this contract, the company will manufacture and deliver ALQ-214(V)4/5 Integrated Defensive Electronic Countermeasures (IDECM) jammers for the F/A-18C/D/E/F variants.

BAE Systems operates through four domains, namely, air, land, maritime, and cyber. Some of the key subsidiaries of the company include BAE Systems Integrated System Technologies (UK), BAE Systems Maritime – Submarines (England), and BAE Systems Military Air & Information (UK), among others. The company has a diverse product portfolio, broadly balanced between enduring services and support business, in addition to long-term platform programs, electronic systems, and activities in cyber and intelligence. The key business segments of the company include platform & services (UK), platform & services (international), electronic systems, platform & services (US), and cyber & intelligence. In 2016, the company registered a revenue of USD 21.88 billion. The company’s strategy for sustainable long-term growth aligns with the emerging global trends that drive the demand for improved operational efficiency and cost-effectiveness. In February 2018, BAE Systems was selected by the US Navy to provide equipment and support services for Space and Naval Warfare Systems Center Atlantic (SPAWAR). The total value of the contract is estimated to be USD 180 million.

Related Reports:

Electronic Warfare Market by Capability (Electronic Support, Electronic Attack, Electronic Protection), Platform (Airborne, Naval, Ground, Space), Product (EW Equipment, EW Operational Support), and Region - Global Forecast to 2022

Mr. Rohan
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA : 1-888-600-6441 

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support

US : 1-888-600-6441

Search reports