Electronic Warfare Market Share, Regional Analysis and Manufacturing Industry Insights 2020
The global electronic warfare market is anticipated to gain momentum from the ever-increasing technological advancements and the rising adoption of cyber EW worldwide.
The report further states that the electronic warfare market size was USD 26.50 billion in 2019 and is projected to reach USD 29.46 billion by 2027, thereby exhibiting a CAGR of 4.81% during the forecast period.
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Over the past few years, the usage of unmanned aerial vehicles (UAVs) in the military forces across the globe has surged. It occurred because of the monitoring, imagery mapping, and surveillance of combat operations. The integration of surveillance data and imagery with EW can provide more information about situational awareness. It is a major factor that is set to contribute to the electronic warfare market growth in the coming years. Several prominent companies and ruling bodies are investing huge sums in the exploitation of this relationship between the EW and the UAVs. However, EE systems are very expensive. Hence, developing countries prefer conventional systems. It may hinder the market growth.
List of the Key Companies Profiled in this Report are as follows:-
- BAE Systems (the U.K.)
- Lockheed Martin Corporation (The U.S.)
- Raytheon Company (The U.S.)
- General Dynamics Corporation (The U.S.)
- L3Harris Technologies Inc. (The U.S.)
- The Boeing Company (The U.S.)
- Thales Group (France)
- Leonardo SPA (Italy)
- Northrop Grumman Corporation (The U.S.)
- Saab AB (Sweden)
- Teledyne Technologies (The U.S.)
- Israel Aerospace Industries (Israel)
- Cobham PLC (The U.K.)
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