Electronic Warfare Market Size Report and Growth Analysis 2028

Electronic Warfare Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Component (Hardware, Software, and Services), Application (Electronic Attack, Electronic Protection, and Electronic Warfare Support), and Product Type (Countermeasure Systems, Jammers, Sensor Systems, Weapons Systems, and Others)

Publication Month : Apr 2022

  • Report Code : TIPTE100000942
  • Category : Aerospace and Defense
  • Status : Published
  • No. of Pages : 199
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[Research Report] The electronic warfare market is projected to reach US$ 27,797.2 million by 2028 from US$ 18,192.8 million in 2021. It is expected to grow at a CAGR of 6.2% from 2021 to 2028.

Analyst Perspective:

The electronic warfare (EW) market is a rapidly expanding sector that encompasses developing, producing, and deploying technologies and systems used for protection and attack in the electromagnetic spectrum. It plays a crucial role in modern military operations by leveraging electronic capabilities to gain an advantage on the battlefield. One of the primary drivers of the electronic warfare market's growth is the growing reliance on technology in military operations. The demand for electronic warfare solutions has surged as armed forces increasingly integrate advanced electronic systems into their arsenal. These systems help military units counter and mitigate threats from adversaries' electronic systems, safeguarding their forces. Advancements in electronic warfare systems have also contributed to market expansion. Technological progress has led to the developing of sophisticated EW systems with improved capabilities. These systems detect, analyze, and respond to electronic signals, enabling more effective attack, protection, and support functions. Enhanced situational awareness is another key factor driving the demand for electronic warfare solutions. In modern warfare, understanding the electronic battlefield is critical for mission success. EW systems provide real-time intelligence by intercepting and analyzing electronic signals, aiding decision-making processes, and enabling effective responses to emerging threats. The electronic warfare market encompasses various segments, including attack, protection, and support. Electronic attacks involve jamming and deception techniques to disrupt or turn off adversary communication and radar systems. Electronic protection focuses on defensive measures to safeguard friendly electronic systems from hostile attacks. Electronic support entails gathering intelligence and analyzing enemy electronic signals to understand their capabilities and intentions comprehensively.

Market Overview:

An emerging area of defense is electronic warfare. With the integration of the electromagnetic spectrum, this has been introduced. E-bombs are also a part of it because they use the same electromagnetic energy. The term "e-bomb" refers to a weapon that uses a powerful electromagnetic field to generate a brief burst of energy that damages electrical equipment without threatening people or buildings. The pulse temporarily interferes with electronic systems at low levels, while at mid-levels, it corrupts computer data. It is gaining popularity steadily.

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Electronic Warfare Market: Strategic Insights

electronic-warfare-market
Market Size Value inUS$ 18,192.8 million in 2021
Market Size Value byUS$ 27,797.2 million by 2028
Growth rateCAGR of 6.2% from 2021 to 2028
Forecast Period2021-2028
Base Year2021
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Market Driver:

Growing Demand for Intelligence, Surveillance, and Reconnaissance (ISR) to Drive Growth of Electronic Warfare Market

The growing demand for Intelligence, Surveillance, and Reconnaissance (ISR) capabilities is a significant driver for the growth of the electronic warfare market. ISR plays a crucial role in military operations by providing decision-makers with essential information and situational awareness. Electronic warfare systems contribute significantly to ISR by intercepting, analyzing, and exploiting electronic signals from adversaries. Electronic warfare systems enable the interception and collection of electronic signals, such as communications, radar emissions, and electronic signatures. These systems have advanced capabilities to detect and monitor enemy activities in the electromagnetic spectrum. By intercepting and analyzing these signals, valuable intelligence can be gathered regarding enemy capabilities, intentions, and operational patterns. Electronic warfare systems provide the means to analyze and exploit the collected intelligence. Advanced signal processing algorithms and techniques enable extracting relevant information from intercepted electronic signals. This information can include details about enemy communication networks, radar capabilities, electronic warfare tactics, and potential vulnerabilities. The information obtained through electronic warfare ISR contributes to the overall situational awareness of military forces. Armed with timely and accurate intelligence, decision-makers can make informed choices regarding mission planning, target identification, and threat assessment. This, in turn, enhances the effectiveness and efficiency of military operations. The growing demand for ISR capabilities drives the need for advanced electronic warfare systems that can effectively intercept, analyze, and exploit electronic signals. As military forces increasingly recognize the importance of real-time and accurate intelligence, the market for electronic warfare systems experiences growth. Defense organizations and governments invest in procuring and developing sophisticated electronic warfare technologies to bolster their ISR capabilities and maintain a competitive edge. Furthermore, integrating electronic warfare systems with other ISR platforms, such as unmanned aerial vehicles (UAVs) or reconnaissance aircraft, further drives market growth. This integration allows for enhanced data collection and analysis, facilitating comprehensive surveillance and reconnaissance missions.

Segmental Analysis:

By application, the market is segmented into electronic attack, electronic protection, and electronic warfare support. The electronic attack segment held the largest share of the electronic warfare market in 2020 and is anticipated to register the highest CAGR in the market during the forecast period. The electronic warfare market is driven by various factors, including the growing demand for intelligence, surveillance, and reconnaissance (ISR) capabilities. This demand stems from the need for enhanced situational awareness, target identification, and threat assessment in modern warfare. The market is also driven by technological advancements, particularly in signal processing, machine learning, and autonomous systems. Furthermore, increasing cyber threats and integrating electronic warfare with cyber operations provide opportunities for market growth. The market offers potential in counter-UAS systems, export opportunities, integration with other military systems, and training and simulation. The electronic warfare market presents many opportunities for innovation, collaboration, and expansion.

Regional Analysis:

The North America electronic warfare market was valued at US$ 5,941.9 million in 2021 and is projected to reach US$ 8,756.3 million by 2028; it is expected to grow at a CAGR of 5.7% during the forecast period. The North American region has dominated the electronic warfare market due to several key factors. Firstly, North America is home to major defense contractors, research institutions, and technology companies with advanced capabilities in electronic warfare. The region has a strong industrial base and a robust defense sector, facilitating cutting-edge electronic warfare systems development and production. The presence of established companies with extensive experience and expertise in electronic warfare has given North America a competitive advantage in the market. Secondly, the United States, as a major player in the global defense landscape, has significantly contributed to the dominance of North America in the electronic warfare market. The U.S. Department of Defense (DoD) allocates substantial budgets to research, develop, and procure electronic warfare systems. This consistent investment in electronic warfare capabilities has fueled innovation and the advancement of technologies in the region. The United States has also actively collaborated with allied nations, further bolstering North America's position in the market.

Additionally, North America benefits from a strong network of defense partnerships and alliances, such as NATO. These partnerships provide opportunities for collaboration, interoperability, and shared development of electronic warfare technologies. The region's defense organizations work closely with industry partners to address emerging threats, enhance capabilities, and develop interoperable electronic warfare systems. Such collaboration and coordination contribute to the dominant market position of North America. Furthermore, North America's geopolitical landscape, characterized by various regional conflicts and security challenges, has necessitated a strong focus on electronic warfare capabilities. The region faces diverse threats, ranging from state to non-state actors, increasing the demand for advanced electronic warfare systems. This demand, combined with the region's technological advancements, has driven the growth and dominance of North America in the market.

Moreover, the strong export potential of North American electronic warfare systems has contributed to its market dominance. The region has successfully exported its advanced electronic warfare technologies to allied nations and partners worldwide. These exports generate revenue, foster stronger defense relationships, and promote the standardization of electronic warfare capabilities globally.

Key Player Analysis:

The electronic warfare market analysis consists of the players such as L3Harris Technologies, Inc.; Raytheon Technologies Corporation; Lockheed Martin Corporation; Saab AB; BAE Systems; Thales Group; Northrop Grumman Corporation; Cobham Limited; Leonardo S.p.A.; and Textron Inc. Among the players in the electronic warfare Raytheon Technologies Corporation and Lockheed Martin Corporation are the top two players owing to the diversified product portfolio offered.

Recent Developments:

Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the electronic warfare market. A few recent key market developments are listed below: 

  • In 2022, Israel successfully tested the new "Iron Beam" laser-based air defense system. This is the world's first energy-based weapons system that uses a laser to shoot down incoming UAVs, rockets, and mortars.
  • In 2021, L3 Harris won a US$ 120 million contract to upgrade Space Force electronic jammers. On December 23, 2020, the company received US$ 496 million from the US navy under the Next Generation Jammer Low Band aerial jamming program to manufacture Next Generation jammers.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Component, Application, and Product Type

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


Which are the major companies in the electronic warfare market?

L3Harris Technologies, Inc., Raytheon Technologies Corporation, Lockheed Martin Corporation, Saab AB, BAE Systems, Thales Group, Northrop Grumman Corporation, Cobham Limited, Leonardo S.p.A., and Textron Inc.

What are market opportunities for electronic warfare market?

In the information age battlespace, next-generation fighters will encounter a drastically new electronic warfare and electronic intelligence environment. Rapid technological advancements will significantly impact 21st-century conflicts because advanced systems will provide increased situational awareness; better threat assessment; and more accurate, timely, automated matching of active signals with the resources of widely distributed libraries. The US Army is attempting to integrate artificial intelligence (AI) techniques into its electronic warfare capabilities so that EW equipment can work in the battlefield's dense radio frequency environment. The country struck a $982 million deal with Northrop Grumman in March 2019 to obtain state-of-the-art cyber electromagnetic activity capabilities for the US Army. Thus, Technological Advancements in Electronic Warfare and these initiatives by the governments are further expected to contribute to the growth of the electronic warfare market over the forecast period.

Which component segment is expected to dominate the market in terms of 2020 market share?

The hardware segment led the electronic warfare market with a market share of 64.5% in 2020. It is expected to account for 61.6% of the total market in 2028.

Which application segment is expected to dominate the market in terms of 2020 market share?

The electronic attacks segment led the electronic warfare market with a significant market share in 2020. It is expected to account for a substantial market share by 2028.

Which region has dominated the electronic warfare market in terms of 2020 market share?

North America dominated the electronic warfare market in 2020 with a share of 32.8%; it would continue to dominate the market during the forecast period and account for 31.5% share by 2028. APAC is the second-largest contributor to the global electronic warfare market, followed by Europe.

What are the reasons behind electronic warfare market growth?

The global electronic warfare market is primarily driven by the increasing procurement of electronic warfare systems across developed and developing countries. Deployment of electronic warfare systems on unmanned vehicles are further supporting the growth of the electronic warfare market.

The List of Companies - Electronic Warfare Market

  1. L3Harris Technologies, Inc.
  2. Raytheon Technologies Corporation
  3. Lockheed Martin Corporation
  4. Saab AB
  5. BAE Systems
  6. Thales Group
  7. Northrop Grumman Corporation
  8. Cobham Limited
  9. Leonardo S.p.A.
  10. Textron Inc.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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