DUBLIN--(BUSINESS WIRE)--The "Electronic Warfare Market by Capability (Electronic Support, Electronic Attack, Electronic Protection), Platform (Airborne, Naval, Ground, Space), Product (EW Equipment, EW Operational Support), and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The electronic warfare market is projected to grow from an estimated USD 24.20 Billion in 2017 to USD 30.32 Billion by 2022, at a CAGR of 4.61% from 2017 to 2022.
The electronic warfare market has been segmented on the basis of capability, platform, product, and region. Based on platform, the electronic warfare market has been segmented into airborne, ground, naval, and space. The space segment is projected to lead the market during the forecast period owing to the increasing use of satellite-based electronic warfare equipment for military applications.
Based on capability, the electronic warfare market has been segmented into electronic support, electronic attack, and electronic protection. The electronic support segment is projected to grow at the highest CAGR during the forecast period. This expected high growth rate can be attributed to the increasing adoption of modern warfare techniques in emerging nations in the Asia Pacific and Middle East regions.
High cost involved in the development of electronic warfare equipment can act as a challenge for the electronic warfare market. Major companies profiled in the report include Lockheed Martin (US), Harris (US), Rockwell Collins (US), SAAB (Sweden), Boeing (US), Northrop Grumman (US), BAE Systems (UK), and Thales (France), among others. New product launches and supply contracts were the key strategies adopted by leading players in the electronic warfare market from 2012 to 2017. These strategies have enabled companies to strengthen their positions.
- Increasing Procurement of EW Systems Due to Growing Transnational and Regional Instability
- Deployment of Electronic Warfare Capabilities on Unmanned Platforms
- Growing Focus on Cognitive Electronic Warfare Technologies for Electronic Counter Measure (ECM)/Electronic Counter-Counter Measure (ECCM)
- Increasing Use of EW Systems for Geospatial Intelligence Gathering
- Increasing Adoption of Integrated EW Systems
- Development of Integrated EW Systems
- Developing Countries Procuring More Conventional Warfare Systems Rather Than EW Systems
- Increased System Reliability and Efficiency Due to Traveling-Wave Tube-Based Solutions
- Development of Electronic Warfare Capabilities for Civil Aviation
- Deployment of Electronic Warfare Capabilities on Space Platform
- Development of EW Systems With Enhanced Capabilities
- High Cost Involved in the Deployment of EW Systems
- Incapability of Existing Electronic Warfare Systems to Address Multiple/Diverse Threats
- Bae Systems
- Elbit Systems
- General Dynamics
- Israel Aerospace Industries
- L3 Technologies
- Lockheed Martin
- Rockwell Collins
- Teledyne Technologies
For more information about this report visit https://www.researchandmarkets.com/research/xjk797/global_electronic?w=4