Electronic Warfare Market Strategies, Top Players, Growth Opportunities, Analysis and Forecast by 2031

Electronic Warfare Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component (Hardware, Software, and Services), Application (Electronic Attack, Electronic Protection, and Electronic Warfare Support), Product Type (Countermeasure Systems, Jammers, Sensor Systems, Weapons Systems, and  Others), and Geography

  • Report Code : TIPTE100000942
  • Category : Aerospace and Defense
  • No. of Pages : 150
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The electronic warfare market size is projected to reach US$ 34.94 billion by 2031 from US$ 20.07 billion in 2023. The market is expected to register a CAGR of 7.2% during 2023–2031. Deployment of sensors in space for improved electronic warfare capabilities is likely to remain a key trend in the market.

Electronic Warfare Market Analysis

The major stakeholders in the global electronic warfare market ecosystem include raw material (hardware & component) providers, electronic warfare manufacturers, government organizations, regulatory bodies, and end customers. Component and hardware providers provide various components & parts to electronic warfare manufacturers. Some of the key electronic warfare manufacturers included in this report include L3Harris Technologies, Inc., Raytheon Technology Corporation, Lockheed Martin Corporation, Saab Ab, BAE Systems Plc, Thales Group, Northrop Grumman Corporation, Cobham Plc (Eaton), Leonardo Spa, And Textron. The key players operating in this market are constantly engaging in the development of electronic warfare systems.

Electronic Warfare Market Overview

System integrators play a vital role in installing the electronic warfare at the required locations. System integrators are tasked with integrating these electronic warfare systems into a networked capability and conducting field trials to demonstrate and test the integration and effects of EW systems. Some of these stakeholders include government organizations and regulatory bodies various countries Department of Defense (DOD) such as United States Department of Defense (DoD, USDOD or DOD), Ministry of Defense of the Russian Federation, Ministry of National Defense People's Republic of China, Israel's Ministry of Defense, India Ministry of Defense, German Federal Ministry of Defense (BMVG), UK Ministry of Defense (MOD or MoD) among others.

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Electronic Warfare Market: Strategic Insights

Electronic Warfare Market

  • CAGR (2023 - 2031)
    7.2%
  • Market Size 2023
    US$ 20.07 Billion
  • Market Size 2031
    US$ 34.94 Billion

Market Dynamics

GROWTH DRIVERS
  • Increasing procurement of electronic warfare systems
  • Deployment of electronic warfare systems on unmanned vehicles
FUTURE TRENDS
  • Technological Advancements in Electronic Warfare
OPPORTUNITIES
  • Deployment of sensors in space for improved electronic warfare capabilities

Key Players

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

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Component
  • Hardware
  • Software
  • Services
Application
  • Electronic Attack
  • Electronic Protection
  • Electronic Warfare Support
Product Type
  • Countermeasure Systems
  • Jammers
  • Sensor Systems
  • Weapons Systems
  • Others
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Electronic Warfare Market Drivers and Opportunities

Deployment of Electronic Warfare Systems on Unmanned Vehicles

Armed forces and non-state groups employ unmanned aerial systems. The tiniest commercial drones can be weaponized and used to cause catastrophic damage. Finding strategies to defeat the weaponized drones as their use spreads across the battlefield is a top issue. Electronic communications and technologies are critical for autonomous and remotely driven vehicles. As the number of duties delegated to unmanned systems grows, the demand for counter-unmanned aerial systems (UAS) and electronic warfare (EW) technologies to counter them also grows. Unmanned aerial vehicles have become an important feature of armed forces worldwide. Transforming surveillance and imagery data has become easier by deploying electronic warfare devices on unmanned platforms. Various unmanned EW missions benefit from integrating unmanned systems with communication jammers or electronic surveillance equipment. Furthermore, unmanned EW planes do not require people, lowering the chance of human casualties. As a result of these advantages, countries including the US, India, and China plan to purchase and deploy additional UAVs in their military forces.

Technological Advancements in Electronic Warfare

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. Within a dispersed virtual environment, operators and analysts will be able to collaborate in real-time. They will configure, launch, and control highly efficient software agents to efficiently and swiftly complete geographically distributed activities and complicated analyses within a dynamic operational context.

Exciting new possibilities are developing due to developments in information technology, piquing the interest of military officials and leading to requirements that take advantage of the latest technologies while driving even more technological advancements. The electronic warfare tools are fast developing and the Pentagon, which is the headquarter for United States defense is also preparing ahead for the country’s future military usage from the standpoint of operational war fighting.

Electronic Warfare Market Report Segmentation Analysis

Key segments that contributed to the derivation of the electronic warfare market analysis are component, application, and product type.

  • Based on component, the electronic warfare market is divided into hardware, software, and services. The hardware segment held a larger market share in 2023.
  • Based on application, the electronic warfare market is segmented into electronic attack, electronic protection, and electronic warfare support. The electronic warfare support segment held a larger market share in 2023.
  • By product type, the market is segmented into countermeasure systems, jammers, sensor systems, weapons systems, and  others. The sensor systems segment held the largest share of the market in 2023.

Electronic Warfare Market Share Analysis by Geography

The geographic scope of the electronic warfare market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.

North America has dominated the market in 2023 followed by Europe and Asia Pacific. Further, Asia Pacific is likely to witness highest CAGR in the coming years. Global military forces no longer have the authority to restrict or refuse freedom of access to activities in space. On the international market, knowledge of space systems and the methods to defeat them is becoming increasingly available. Nations can possess or acquire the capability to disrupt or destroy an adversary's space systems by targeting their satellites in orbit, their ground and space communication nodes, or ground nodes that command the satellites if they so desire. Anti-satellite weapons, denial and deception tactics, jamming, usage of tiny satellites, hacking, and nuclear detonation are just a few examples of existing capabilities that can deny, disrupt, or physically destroy space systems and the terrestrial facilities that use and operate them.

Electronic Warfare Market Report Scope

Report Attribute Details
Market size in 2023 US$ 20.07 Billion
Market Size by 2031 US$ 34.94 Billion
Global CAGR (2023 - 2031) 7.2%
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Component
  • Hardware
  • Software
  • Services
By Application
  • Electronic Attack
  • Electronic Protection
  • Electronic Warfare Support
By Product Type
  • Countermeasure Systems
  • Jammers
  • Sensor Systems
  • Weapons Systems
  • Others
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • L3Harris Technologies, Inc.
  • Raytheon Technologies Corporation
  • Lockheed Martin Corporation
  • Saab AB
  • BAE Systems
  • Thales Group
  • Northrop Grumman Corporation
  • Cobham Limited
  • Leonardo S.p.A.
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

    Electronic Warfare Market News and Recent Developments

    The electronic warfare market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the electronic warfare market are listed below:

    The United States Navy awarded Raytheon, an RTX (NYSE: RTX) Business, an $80 million contract in a down select to prototype Advanced Electronic Warfare, or ADVEW, for the F/A-18 E/F Super Hornet. This prototype will be considered as a replacement for the existing AN/ALQ-214 integrated defensive electronic countermeasure and AN/ALR-67(V)3 radar warning receiver with a consolidated solution that will deliver superior electronic warfare capabilities to the backbone of the Navy's carrier air wing. (Source: Raytheon Technologies Corp, Press Release, Dec 2023)

    • L3Harris Technologies submitted a proposal this month for the U.S. Navy’s Next Generation Jammer – Low Band (NGJ-LB) competition. L3Harris won the original contract in December 2020 with an “Outstanding” technically evaluated solution that led to a protest by a competitor. The program includes prototype development and deliveries of tactical jamming pods designed to modernize the EA-18G Growler’s Electronic Warfare (EW) capability. (Source: L3Harris Technologies, Press Release, Aug 2023)

    Electronic Warfare Market Report Coverage and Deliverables

    The “Electronic Warfare Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

    • Electronic warfare market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
    • Electronic warfare market trends as well as market dynamics such as drivers, restraints, and key opportunities
    • Detailed porter’s five forces analysis
    • Electronic warfare market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
    • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the electronic warfare market
    • Detailed company profiles
    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 region dominated the electronic warfare market in 2023?

    North America region dominated the electronic warfare market in 2023.

    What are the driving factors impacting the electronic warfare market?

    Increasing procurement of electronic warfare systems and deployment of electronic warfare systems on unmanned vehicles are some of the factors driving the growth for electronic warfare market.

    What are the future trends of the electronic warfare market?

    Deployment of sensors in space for improved electronic warfare capabilities is one of the major trends of the market.

    Which are the leading players operating 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 SpA, and General Dynamics are some of the key players profiled under the report.

    What would be the estimated value of the electronic warfare market by 2031?

    The estimated value of the electronic warfare market by 2031 would be around US$ 34.93 billion.

    What is the expected CAGR of the electronic warfare market?

    The electronic warfare market is likely to register of 7.2% during 2023-2031.

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    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.

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    • 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:

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    • 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:

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