Selbyville, Delaware – Global Market Insights, Inc. announces an ongoing comprehensive report on the “Electronic Warfare Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Poland, Belgium, Netherlands, Russia, Japan, China, India, South Korea, Malaysia, Sri Lanka, Brazil, Argentina, UAE, South Africa, Saudi Arabia), Growth Potential, Competitive Market Share & Forecast, 2020-2026”. This report provides an exhaustive account of the industry including:
- Electronic warfare market size, historical from 2015-2019 and annual forecast from 2020 to 2026.
- Major electronic warfare industry trends, technology evolution, economic indicators and business challenges.
- Regulatory and geopolitical trends impacting the industry.
- Business drivers and pitfalls impacting key regional markets.
- Competitive landscape of the industry and detailed profiles on the major companies.
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Relentless advancements in the electronic spectrum in tandem with hefty investments by the government authorities are poised to massively drive the expansion of global electronic warfare market over the forecast period. Moreover, technology proliferation is also likely to bolster the industry outlook. Electronic warfare represents the ability to make use of signals like IR, radar, or radio in an effort to protect, sense, and communicate with the energy troops. This stands as a new addition to the military operations and worldwide aerospace and defense industry.
Electronic protection segment is expected to stay tall as one of the major application segments of the electronic warfare market. Electronic protection is an innate segment of electronic warfare and involves actions taken to protect personnel, equipment, and facilities from any effects of enemy, neutral, or friendly use of EMs. Additionally, during military operations, electronic protection also includes the application of procedures and training for countering enemy electronic attack. EP measures significantly reduce the enemy’s ability to conduct electronic warfare support and attack operations against friendly forces.
Naval based systems are set to account for a substantial stake in the overall electronic warfare market share in the upcoming years owing to the Navy’s requirement for revamped EWs to help them have a clearer image of the situation. EW is massively being deployed by the navy to detect any signals in the sea which has urged them to tighten their aircraft carriers, destroyers, and warships against the electronic warfare environment by establishing partnerships with vivid market leaders. For instance, the U.S navy, in May last year, announced offering a USD 184 million contract for the production of Block 2 systems as a part of Surface Electronic Warfare Improvement Program.
Asia Pacific is poised to emerge as a major revenue pocket for electronic warfare market owing to the robust growth in military spending across the region. Economies like China, Indonesia, Cambodia, Nepal, Philippines, Myanmar, and others are rigorously investing in development of new and advanced electronic warfare systems in order to enhance their capabilities amidst ongoing political and territorial issues.
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Some of the prominent companies partaking in the overall electronic warfare market include BAE systems, Airbus, Lockheed Martin, L3Harris, Saab, Leonardo, Thales Group, Textron, and several others.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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