According to our latest market study, titled "Electronic Warfare Market Forecast to 2028 – COVID-19 Impact and Global Analysis – By Component, Application, Product Type," the market is expected to grow from US$ 18,192.85 million in 2021 to US$ 27,797.72 million by 2028. It is estimated to grow at a CAGR of 6.2% from 2021 to 2028.

Any activity involving the use of the electromagnetic spectrum or directed energy to control the spectrum, attack an adversary, or obstruct hostile attacks is referred to as electronic warfare. Electronic warfare aims to deny the enemy the advantage of the electromagnetic spectrum while ensuring that allied forces have unrestricted access to it. Modern warfare has always included electronic warfare. However, it has progressed far beyond radio jamming. Sensing, exploiting, and manipulating the electromagnetic spectrum (EMS) is becoming increasingly possible for electronic warfare weapons." Thus, these advantages offered by the electronic warfare system are positively impacting the electronic warfare market.

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

The global electronic warfare market is primarily driven by the increasing procurement of electronic warfare systems across developed and developing countries. Military operations are carried out in an electromagnetic (EM) environment that is becoming increasingly complex. Electronic Warfare (EW) is a military capability that supports all stages and parts of a military campaign and must be integrated into military vehicles and processes. It also helps in the planning and executing joint operations and has become the primary means of fighting and winning wars. The massive array of capabilities, skills, tactics, and organizations of wars will devolve into chaos without careful planning to ensure interoperability, synchronization, and synergy. Thus, deployments of advanced electronic warfare system for enhancing defense security is further supporting the growth of the electronic warfare market.

The deployment of electronic warfare systems on unmanned vehicles is a key factor supporting the growth of the electronic warfare market. However, limited access to electronic warfare manufacturing facilities in developing countries is restricting the electronic warfare market growth. Rising trends towards focus on directed energy weapons is further driving the electronic warfare market.

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