The global 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. 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.
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.
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: 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 Report, with its deep industry analysis of the market, estimates the market size bifurcated into segments and regions.
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