Global Electronic Warfare Market to Reach $17.7 Billion by 2027


Reading time ( words)

Electronic Warfare systems are playing a vital role in war fighter detecting, preventing, deterring, and defeating attacks by aircraft, UAVs, missiles, radars, maritime vessels, hostile space systems, and cyber threats. The global electronic warfare market is expected to be valued at more than $13 billion in 2017, and will grow at a CAGR of more than 2.6%, to cross $17.5 billion by 2027.

Global electronic warfare market includes three segments, being electronic protection, electronic attack, and electronic warfare support. The largest share in the global market for electronic warfare is projected to be accounted for by electronic protection systems with an estimated 59% over the forecast period. Electronic protection will be followed by electronic warfare support systems, which are projected to garner a share of more than 30% in the global market during 2017-2027. The remainder of about 9% will be accounted for by electronic attack systems.

North America is expected to witness defense budget cuts during the forecast period; the region's expenditure on electronic warfare systems is expected to account for a majority 45% share of global spending during the forecast period. The US military has continued to make robust related investments in the electronic warfare systems domain, a trend that is expected to continue over the forecast period. One of the major trends currently being witnessed in the US market is an increase in the sheer volume of sales in the electronic warfare market.

Segment wise, electronic protection is estimated to account for the largest share of about 59% of spending over the forecast period. With a steady growth of Network-centric warfare (NCW), the importance of using electro-magnetic (EM) spectrum is rapidly rising in modern battle spaces. The dependence on cyberspace for the command and control functions is increasing exponentially, which makes the electromagnetic spectrum vulnerable to the emerging domains of electronic and cyber warfare. This, in turn, has led to the growing need for advanced electronic protection and countermeasure systems across the world.

Share

Print


Suggested Items

Worldwide Semiconductor Equipment Billings at $13.3 Billion in 2Q19; Down 20%

09/12/2019 | SEMI
Worldwide semiconductor manufacturing equipment billings reached $13.3 billion in the second quarter of 2019, down 20% from the same quarter of 2018 and 3% from than the previous quarter.

Uncertainties in the Market Rise while a Bounce in NAND Flash Prices Remains Unlikely in 3Q

06/20/2019 | TrendForce
According to the latest investigations by DRAMeXchange, a division of TrendForce, demand for smartphones and servers go below expected levels in 2019 as the US-China trade dispute heats up.

Telecom (Compute and Storage) Infrastructure Market to Reach $16.35B in 2022

09/03/2018 | IDC
A new forecast from IDC sizes the market for compute and storage infrastructure for Telecoms at nearly $10.81 billion in 2017. However, as Telecoms aggressively build out their infrastructure, IDC projects this market to see a healthy five-year compound annual growth rate (CAGR) of 6.2% with purchases totaling $16.35 billion in 2022.



Copyright © 2020 I-Connect007. All rights reserved.