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Elelctronic Warfare Market By Platform (Air-based, Sea-based, Land-based), and Regional Forecast 2020-2027 

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Elelctronic Warfare Market By Platform (Air-based, Sea-based, Land-based), and Regional Forecast 2020-2027 

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The electronic warfare market is anticipated to gain momentum from the ever-increasing technological advancements and the rising adoption of cyber EW worldwide. Cyber EW helps in refining the offensive and defensive purposes. It is capable of covering a wide range of cyberspace and the electromagnetic environment. This information is given by Fortune Business Insights™ in a new report, titled, “Electronic Warfare Market Size, Share & Covid-19 Impact Analysis, By Domain (Electronic Attack, Electronic Protection, and Electronic Support), By Equipment (Jammers, Antennas, Radar Warning Receiver, Anti-radiation Missiles, Directed Energy Weapons, and Others), By Platform (Air-based, Sea-based, Land-based), and Regional Forecast, 2020-2027.” The report further states that the electronic warfare market size was USD 26.50 billion in 2019 and is projected to reach USD 29.46 billion by 2027, thereby exhibiting a CAGR of 4.81% during the forecast period.

COVID-19 Pandemic: Urgent Need to Enhance Immune Systems to Aid Growth

The emergence of the COVID-19 pandemic has brought the world to a complete halt. Even though some of the manufacturing companies have resumed their operations, certain norms, such as social distancing and low workforce are to be followed mandatorily. The pandemic has also affected the supply chains and business confidence severely. Our report will help you to overcome such situations by adopting the best strategy provided by our team of highly skilled analysts.

This Report Answers the Following Questions:

·         What are the current market trends?

·         What are the challenges and opportunities in the market?

·         Which segment is set to dominate the market?

·         How are the companies trying to generate sales of EW to compete in the market?

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Highlight of the Report:  While making the report, we segmented the market on the basis of product, type, consumption, distribution channel, and region. Based on the segmentation, we made a list of companies and conducted a detailed analysis of their financial positions, product portfolios, and growth strategies. Our next step included the study of core competencies of key players and their market share to anticipate the degree of competition. The bottom-up procedure was conducted to arrive at the overall size of the market.

Drivers & Restraints-

Integration of UAVs & Electronic Warfare Systems to Spur Growth

Over the past few years, the usage of unmanned aerial vehicles (UAVs) in the military forces across the globe has surged. It occurred because of the monitoring, imagery mapping, and surveillance of combat operations. The integration of surveillance data and imagery with EW can provide more information about the situational awareness. It is a major factor that is set to contribute to the electronic warfare market growth in the coming years. Several prominent companies and ruling bodies are investing huge sums in the exploitation of this relationship between the EW and the UAVs. However, EE systems are very expensive. Hence, the developing countries prefer conventional systems. It may hinder the market growth.

Segment-

Electronic Support Segment to Lead Owing to Rising Demand for ISR from Defense Sector

In terms of domain, the market is segregated into electronic support, electronic protection, and electronic attack. Out of these, the electronic support segment is expected to exhibit the largest electronic warfare market share in the coming years and remain in the leading position. This growth is attributable to the high demand for intelligence, surveillance, and reconnaissance (ISR) techniques and equipment from the defense sector worldwide.

Regional Analysis-

Presence of Numerous Industry Giants to Favor Growth in Europe

Geographically, North America held USD 9.28 billion in terms of revenue in 2018. This growth is attributable to the rising terrorism, as well as political and territorial disputes occurring in this region. In addition to that, the U.S. Department of Defense (DoD) is set to invest approximately USD 25.8 billion in the research, development, test, and evaluation (RDT&E) in the coming years. Also, it is planning to spend around USD 27.8 billion to procure electronic warfare systems. It would also propel the market growth in this region.

Europe, on the other hand, is set to remain in the second position stoked by the presence of major companies, such as Saab AB, BAE Systems, and Thales Group in this region. Also, the rising investments in the development and procurement of electronic warfare systems would augment growth. Asia Pacific would exhibit rapid growth backed by the need to enhance the warfighting capabilities of the defense forces in the developing countries, such as India and China.

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Competitive Landscape-

Renowned Companies Focus on Receiving New Contracts from Defense Forces

The   market is fragmented with the presence of a large number of companies worldwide. Amongst them, Lockheed Martin Corporation is in the top position on account of its persistent research and development activities to unveil state-of-the-art products in the market. Nowadays, several companies are focusing on bagging new contracts from the government agencies to deliver their in-house products. Below are a couple of the latest industry developments:

·         January 2020: Lockheed Martin Corporation received a new contract from the U.S. Navy. It is worth USD 43 million. It would help the company to upgrade the E-2D AN/ALQ-217 Electronic Support Measures (ESM) system of the E-2D Advanced Hawkeye.

·         January 2019: The Space and Naval Warfare Systems Center Atlantic (SPAWAR) provided a five-year contract worth USD 898 million to General Dynamics Information Technology (GDIT) for Navy Cyber Mission Engineering Support.

·         April 2019: The U.S. Navy awarded a new contract to Harris Corporation to manufacture and provide Integrated Defensive Electronic Countermeasures (IDECM) jammers. These are meant for the F/A-18C/D/E/F variants.

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The global electronic warfare market size was USD 26.50 billion in 2019 and is projected to reach USD 29.46 billion by 2027, exhibiting a CAGR of 4.81% during the forecast period.

Electronic warfare (EW) is a military operation that uses the electromagnetic spectrum to sense and communicate with the radio, radar, or infrared signals and attack an enemy or block their attacks. At present, the militaries are dependent on the electromagnetic spectrum to communicate and conduct their operations. The constantly developing technology has led to the integration of advanced technologies for several military applications. Technological developments in the electromagnetic spectrum are anticipated to propel the market growth. The global market is expected to grow rapidly during the forecast period, and this growth can be attributed to factors such as technological advancements in the electromagnetic spectrum, rising geopolitical conflicts and terrorist activities, and rising usage of UAVs for military purposes.

COVID-19 Outbreak Anticipated To Affect Defense Budget Of Several Countries

The pandemic has led to devastating economic conditions of various emerging countries such as India and also the developed countries such as the U.S. and others. Several governments have put a limit on their defense spending and diverted it towards healthcare facilities of the nation. According to our study, the ministry of defense will cover payments only for existing contracts that are already under execution, thus leaving no scope for new procurement.

LATEST TRENDS

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Embracing Cyber Electronic Warfare Technology is a Prominent Trend
The military operations are dependent upon electronic and cyber warfare, information operations, and signals intelligence. These are set to dominate the characteristics of the electromagnetic spectrum. The emerging trend in the market includes combining the capabilities of electronic & cyber warfare, information operations, & signal intelligence for both offensive and defensive purposes. The new conception of cyber EW can cover a broad range of the electromagnetic environment and cyberspace. The convergence of electronic and cyber warfare seamlessly enables the warfighters to gain a strong defense and attack capacity. Due to the political conflicts and wars among the rival countries, it has become important to study the electronic and cyber threats together to build an effective offense and defense. The rising adoption of cyber systems is expected to create a shift in warfighting methods. Moreover, the path of technological advancement in the field is boundless. Hence, the new generations of the equipment will be developed rapidly.

DRIVING FACTORS
Increasing Conflicts And Disputes Among Countries to Fuel Growth
It has been observed that a rise in the cross-border conflicts in Asia Pacific has increased owing to the close boundaries of countries, due to which, border attacks have increased in the India-Pakistan border and India-China border. Moreover, the rising war threats from North Korea have led all the countries across the globe to strengthen their defense system. The adoption of EW has become necessary for these countries to strengthen and modernize their defense and attack capabilities.

However, the deployment and up-gradation of this technology are costly, which has led the countries to increase their defense budget, which is expected to fuel the growth of the market. The increasing defense budget, especially for research & development (R&D) and procurement of the systems, has been observed in several countries.

For instance, the U.S. Department of Defense (DoD) has EW funding by 16.8% in 2020. Over the past 2-3 years, the developing countries, such as India and China have also increased their defense budget.

The electronic warfare market is expected to grow promptly during the forecast period. This growth is due to factors such as increasing demand for electronic warfares from various countries, which is owing to the high international border tension.
Rising Adoption Of Electronic Warfare In UAV Platforms to Boost Growth
The use of unmanned aerial vehicles (UAVs) in the military has increased over the past few years for surveillance, imagery mapping, and monitoring combat operations. However, integrating EW information with imagery or surveillance data can provide more data about situational awareness, which is one of the key factors for the growth of the market. For instance, a component such as radar warning receiver is used in the UAV to provide advanced threat warning. Thus, most of the countries and prominent industry players are increasingly investing to exploit this synergistic relationship between the UAVs and the electronic warfare, which is driving the growth of the market.

For instance, Lockheed Martin Corporation was awarded a contract worth USD 18 million to develop an EW pod, also known as "Air Large" for the U.S. Army, which is to be mounted on MQ-1C Gray Eagle UAV to provide the commanding officer with jamming capabilities and electronic support.

The market is expected to grow during the forecast period due to an increase in the usage of EW technology in the UAV platforms, which can be attributed to the enhancement of technology for a better defense system.

RESTRAINING FACTORS
High Budget Involved In Deployment Of EW Systems to Hinder Growth
Electronic warfare makes the process of modern-warfare more user-friendly and effective. However, the cost of such system is huge, owing to the complexity of the design and development of the system. Most of the developing countries prefer conventional warfare systems rather than these systems due to their high cost, which is further expected to hamper the growth of the market. The development, integration of systems across the platforms, and maintenance of these systems are very expensive, and hence, the market growth is anticipated to be affected.

SEGMENTATION

By Domain Analysis

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Electronic Support Segment to Grow At Higher CAGR Owing to Their Increasing Demand
Based on domain, the market is divided into electronic attack, electronic protection, and electronic support.

The electronic support segment is anticipated to grow at a higher CAGR during the forecast period, owing to the rising demand for intelligence, surveillance, and reconnaissance equipment & techniques by the global defense sector.

The electronic protection and electronic attack segments are also expected to show significant growth throughout the forecast period due to the rising terrorist activities and political tension in Asia Pacific.

By Equipment Analysis
Jammers & Radar Warning Receiver Segments to Grow Rapidly Backed by Their Rising Procurement
Based on equipment, the market is classified into jammers, antennas, radar warning receiver, directed energy weapons, anti-radiation missiles, countermeasure dispenser system (CMDS), directional infrared countermeasures (DIRCM), self-protection suite, and others.

The jammers and radar warning receivers are equipped in electronic support, electronic attack, and electronic protection systems. A rise in the procurement of EW systems for the naval, military base, and airborne ISR operations are expected to drive the growth of these segments.

By Platform Analysis
Rising Defense Budget Expected To Create Demand For EW Market
Based on platform, the market is segmented into air-based, sea-based, and land-based. The air-based segment is further divided into combat aircraft, airborne early warning & control (AEW&C) aircraft, and UAV. The sea-based segment is further divided into ships and submarines. The air-based platform is anticipated to be the fastest-growing segment during the forecast period due to the increasing procurement of combat aircraft and UAVs by the defense sectors of various countries.

The land-based segment is predicted to grow owing to the rising military spending on enhancing the defense capabilities at the borders to combat terrorist attacks.

REGIONAL INSIGHTS

North America Electronic Warfare Market Size, 2019 (USD Billion)

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North America EW market is projected to be the largest region in 2019 owing to the high investments by the U.S. Department of Defense (DoD) in the expansion of EW systems. The U.S. DoD is expected to invest USD 25.8 billion in research service, development, test, and evaluation (RDT&E) and USD 27.8 billion in procurement throughout the defense program. Moreover, the market in the region is anticipated to grow due to factors such as territorial disputes, political disputes, and increased terrorism.

Followed by North America, Europe is expected to be the second-largest region owing to a rise in the investments in the procurement and development of EW systems. Additionally, the existence of some of the key market players such as Thales Group, BAE Systems, and Saab AB in the region is anticipated to fuel the growth of the market.

Asia-Pacific is predicted to be the fastest-growing region during the forecast period owing to the rapid growth in investments in countries such as China and India for the development of such systems and for enhancing their warfighting capabilities. China is focusing on the modernization of its forces and building powerful air bases and naval fleet. It had announced a defense budget worth USD 175 billion in the year 2018 with an 8.1% increase in the budget since the previous year. Recently, the emerging conflicts between China and the U.S. have led the countries to strengthen their defense.

KEY INDUSTRY PLAYERS
Lockheed Martin Corporation Is a Leader in Providing Electronic Warfare Solutions & Plans To Reinforce its Position
Lockheed Martin Corporation invents advanced technologies in air, at sea, and on land to control the electromagnetic spectrum and develops disruptive technologies to outdo the enemy threats. Its ability to predict developments and reliable intelligence to understand risks is vital to national security. Moreover, a widespread company location, mergers, and partnerships are the strategies implemented by this company to maintain its leading position in the EW market.

LIST OF KEY COMPANIES PROFILED:

KEY INDUSTRY DEVELOPMENTS:

January 2020 - Lockheed Martin Corporation was granted a contract worth USD 43 million by the U.S. Navy for the up-gradation of E-2D AN/ALQ-217 Electronic Support Measures (ESM) system for the E-2D Advanced Hawkeye. The upgrade will give an extra performance in the dense coastal and open-ocean environments, reduce the operator workload, enable faster reaction time, and improve survivability.

April 2020 - Lockheed Martin Corporation was awarded a contract worth USD 75 million by the U.S. Army to develop, build, and test the operational artificial intelligence Cyber/Jamming pods.

January 2019 - General Dynamics Information Technology (GDIT) was awarded a five-year contract worth USD 898 million by the U.S. Navy's Space and Naval Warfare Systems Center (SPAWARSYSCEN) Atlantic for Navy Cyber Mission Engineering Support. According to this contract, the new defense platform will be equipped with GDIT's next-generation cyber and electronic warfare solutions. The GDIT EW solutions will strengthen the U.S. Navy's important missions in the coming years.

REPORT COVERAGE

The electronic warfare market report provides a detailed analysis of the market and focuses on key aspects such as leading defense companies, EW product types, and leading defense applications.

An Infographic Representation of Electronic Warfare Market

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Moreover, the report offers insights into the electronic warfare market trends and highlights key industry developments. In addition to the factors mentioned above, the EW market report encompasses several direct and indirect factors that have contributed to the growth of the market over recent years.

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Report Scope & Segmentation

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Electronic Warfare Market Size, Share, Analysis | Global Report [2027]

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The global electronic warfare market size was USD 26.50 billion in 2019 and is projected to reach USD 29.46 billion by 2027, exhibiting a CAGR of 4.81% during the forecast period. Electronic warfare (EW) is a military operation that uses the electromagnetic spectrum to sense and communicate with the radio, radar, or infrared signals and attack an enemy or block their attacks.