Global Electronic Warfare Market Dynamics: Competitive Landscape and Key PlayersPosted by Sandeep Roy on July 4th, 2024 The Global Electronic Warfare (EW) Market is experiencing significant growth, valued at USD 10.8 billion in 2023 and projected to reach USD 19.4 billion by 2028, with a robust CAGR of 12.5%. EW encompasses the use of the electromagnetic spectrum, including radio, infrared, and radar signals, for sensing, protection, and communication purposes. It also includes the capability to disrupt, deny, and degrade the adversaries' use of these signals. This makes EW a critical tool for managing the electromagnetic spectrum, enabling countries to detect, analyze, and track potential threats. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1301 Key Drivers Several factors are driving the growth of the EW market:
Leading Players Major Key Market Players in the EW market include:
These companies leverage advanced technologies to develop innovative EW solutions for military and government applications. Market Segmentation By Platform
The space segment is expected to lead the market with the highest CAGR from 2023 to 2028. This growth is driven by the increasing reliance on satellite communications and navigation systems, which are vulnerable to electronic threats. The proliferation of space-based sensors and satellites also boosts the demand for EW solutions to safeguard these assets. By Capability
The electronic attack segment is expected to dominate the market due to the need to disrupt and neutralize adversary communication and radar systems. Technological advancements and rising geopolitical tensions further drive the demand for electronic attack capabilities. By End-Use
The OEMs segment is anticipated to have the highest CAGR, driven by their role in designing and producing advanced EW systems. OEMs' established relationships and reputation for delivering comprehensive solutions, including maintenance and support services, give them a competitive edge. By Product
Regional Analysis The Middle East is expected to have the highest CAGR in the EW market during 2023-2028. This is due to the region's geopolitical landscape, characterized by ongoing conflicts and tensions, which drives the demand for advanced defense technologies. Governments in the Middle East are heavily investing in military modernization and technological advancements to enhance their defense capabilities. Ask for Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=1301 About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Rohan Salgarkar MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: sales@marketsandmarkets.com Like it? Share it!More by this author |