The global electronic warfare market is anticipated to grow at a considerable CAGR of 4.9% during the forecast period. One of the key factors that are fueling market growth includes the growing defense budgets of developed and developing countries. Nations such as the US, India, China, the UK, and others across the globe have been raising their national defense budget as tensions rise on borders between multiple countries such as China, India, the US, Russia, and others. For instance, in February 2022, Russia invaded Ukraine which caused more than 7.7 million Ukrainians escaping the nation, and a third of the population of the country displaced. Such incidences have influenced the defense budget of multiple nations which has contributed to the growth of the electronic warfare market. For instance, in March 2022, China increased its annual defense budget by 7.1% to reach $230 billion.
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The global electronic warfare market is segmented based on capability and platform. Based on the capability, the market is segmented into electronic attack, electronic protection, and electronic support. Based on the platform, the market is sub-segmented into air, sea, land, and space. The above-mentioned segments can be customized as per the requirements. Based on capability, the electronic support segment is anticipated to grow significantly in the market owing to the rising necessity for cutting-edge information gathering and communication systems while based on platform, the air segment is anticipated to grow significantly during the forecast period owing to the rising investments in on-air military equipment across the globe.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Electronic Warfare Market Report Segment
- Electronic Attack
- Electronic Protection
- Electronic Support
Global Electronic Warfare Market Report Segment by Region
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global electronic warfare market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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