Overview
The global electronic warfare market will grow at a CAGR of 4.03% during the forecast period 2019 to 2027. The market for electronic warfare is set to reach a greater valuation. As per electronic warfare market analysts, the global market is anticipated to witness growth owing to the factors such as the increasing transnational disputes & wars as well as the increasing use of integrated electronic warfare systems. However, the electronic warfare market will face challenges and restraints due to high deployment cost and threat from cyberattacks during the forecast period 2019 to 2027.
The emergence of cognitive electronic warfare technology in the electronic warfare market share will support the growth. As per electronic warfare market analysts, the electronic warfare market based companies will face certain challenges during the forecast period 2019 to 2027. The electronic warfare market research report provides in-depth analysis of the category, platform, product, and region segments. The electronic warfare market research report presents factors such as the rising prevalence of data breach that could slow down the electronic warfare market's growth.
Market Segmentation
The electronic warfare market has been segmented into category, platform, product, and region. Based on the segment which is the category, the market is categorized on the basis of electronic attack (EA), electronic protection (EP), and electronic support (ES). The global market for electronic warfare is further segmented based on platform into 2G antennas, 3G antennas, 4G antennas, 5G antennas, and countermeasure system, decoy, directed energy weapon, jammers, and others. Furthermore, the market, on the basis of product is segmented into airborne, land-based, and naval.
The electronic warfare market report offers comprehensive study of the electronic warfare market segments including category, platform, product, and region. The analysts have also studied the electronic warfare market's spread across the regional markets across many of the electronic warfare market’s segments at country levels. The category, platform, product, and region segments spread across the electronic warfare market along with the subsegments are studied. The global market for electronic warfare is spread across various product and service based segments. The electronic warfare market research report highlights these key segments and offers forecasts based on primary and secondary data. The global electronic warfare market research report presents key company profiles of organizations active across the electronic warfare market.
Regional Overview
The growing demand for high security may hinder the electronic warfare market growth. The electronic warfare market research report suggests that companies in the electronic warfare market could be supported by growing demand in application areas including collision avoidance, defense, and surveillance as well as the increasing use of integrated electronic warfare systems during the forecast period. The electronic warfare market is set to register growth at a high CAGR owing to these key factors. The electronic warfare market is spread across North America, Europe, Asia-Pacific, and other parts of the world. As per electronic warfare market analysts, the electronic warfare market is set to witness tremendous growth across category, platform, product, and region segments. The global electronic warfare market’s North American region covers electronic warfare markets across the United States, Mexico, Canada, and others. Businesses present in the electronic warfare market are also profiled and their strategies have been presented in detail in the electronic warfare market research report.
The electronic warfare market across the European region covers Italy, France, Germany, and the United Kingdom. Furthermore, the electronic warfare market research report provides details about the APAC region covering electronic warfare markets from China, India, Australia, Japan, and others. The electronic warfare market is also active across several other parts of the world. The electronic warfare market report covers all these key regions including the Middle East, Africa, Brazil, and others active in the global electronic warfare market..
Competitive Landscape
Electronic warfare has seen tremendous growth, due to demand for enhancing situational awareness and increasing product demand from military forces. However, risks from cyberattacks and high deployment cost would challenge the firms active in the electronic warfare market. Furthermore, companies using growth strategies to stay ahead in the global electronic warfare market are expected to help the market during the forecast period 2019 to 2027. As the electronic warfare market report suggests that the electronic warfare market will register a CAGR of 4.03% and reach a higher value in the coming years, the market report highlights key areas electronic warfare market based companies need to focus on. The electronic warfare market research report projects a long term growth till 2027. Based on electronic warfare market’s analysis on the basis of SWOT and Porters’ Five Force Model, the electronic warfare market will rise during the forecast period 2019 to 2027, however the companies need to move ahead with caution. The electronic warfare market research report highlights such key areas.
Industry News
The United States Air Force (USAF) contracts Northrop Grumman to give its squadron of Lockheed Martin F-16C/D Fighters a modern technological counter measurement system. In order to shield the aircrafts from radar-guided missiles by jamming and other tactics, the counter measurement scheme, also referred to as an electronic warfare suite. The deal was given via the Systems Consortium, a company from the US Department of Defences that was initiated to handle other agreements for transactions, a kind of speedy state research & design funding process or prototyping work, Northrop said.
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