Who are the key players in Electronic Warfare Market?

Lockheed Martin Corporation, L3Harris Technologies, Inc., RTX Corporation, Leonardo S.p.A. and Northrop Grumman Corporation are the major companies operating in the Electronic Warfare Market. Read More

Which is the fastest growing region in Electronic Warfare Market?

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Electronic Warfare Market?

In 2024, the Asia Pacific accounts for the largest market share in Electronic Warfare Market. Read More

What years does this Electronic Warfare Market cover, and what was the market size in 2023?

In 2023, the Electronic Warfare Market size was estimated at USD 18.31 billion. The report covers the Electronic Warfare Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Electronic Warfare Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Electronic Warfare Market Size

Market Size of Electronic Warfare Industry

Study Period	2019 - 2029
Market Size (2024)	USD 19.30 Billion
Market Size (2029)	USD 24.76 Billion
CAGR (2024 - 2029)	5.11 %
Fastest Growing Market	North America
Largest Market	Asia Pacific
Market Concentration	Medium
Major Players *Disclaimer: Major Players sorted in no particular order

Electronic Warfare Market Analysis

The Electronic Warfare Market size is estimated at USD 19.30 billion in 2024, and is expected to reach USD 24.76 billion by 2029, growing at a CAGR of 5.11% during the forecast period (2024-2029).

The ongoing border disputes between several nations as well as the changing nature of modern warfare are expected to generate substantial demand for sophisticated electronic warfare systems that possess advanced capabilities thereby generating significant market growth during the forecast period. Moreover, the development of multilayered defensive systems owing to significant technological developments as well as the growing integration of electronics into military hardware is expected to bolster the growth of the market in the coming years.

On the other hand, growth in complexities concerning the integration of electromagnetic systems will detriment market growth.

Significant progress in terms of the development of cognitive electronic warfare which refers to the integration of advanced technologies such as artificial intelligence (AI) and neural networks to manufacture faster systems with minimal lag in threat detection and tracking will alter the current market dynamics, drive innovation from the market players and create potential business opportunities during the forecast period.

Electronic Warfare Industry Segmentation

Electronic Warfare involves the use of electromagnetic spectrum signals such as radio, infrared, or radar to attack or impede enemy operations. Moreover, electronic warfare can help to disrupt, deny, and degrade the ability of the enemy forces to make use of such electromagnetic signals.

The electronic warfare market is segmented by capability, platform, and geography. By capability, the market is segmented into electronic attack, electronic protection, and electronic support. By platform, the market is segmented into air, sea, land, and space. The report also covers the market sizes and forecasts for the electronic warfare market in major countries across different regions. For each segment, the market size is provided in terms of value (USD).

Capability
		Electronic Attack
		Electronic Protection
		Electronic Support

Platform
		Air
		Sea
		Land
		Space

Geography

North America
	United States
	Canda

Europe
	United Kingdom
	Germany
	France
	Russia
	Rest of Europe

Asia-Pacific
	China
	India
	Japan
	South Korea
	Rest of Asia-Pacific

Latin America
	Brazil
	Mexico
	Rest of Latin America

Middle East and Africa
	Saudi Arabia
	United Arab Emirates
	Rest of Middle-East and Africa

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Electronic Warfare Market Size Summary

The electronic warfare market is poised for significant growth, driven by the increasing complexities of modern warfare and the ongoing border disputes among nations. This demand is further fueled by advancements in multilayered defensive systems and the integration of electronics into military hardware. The market is expected to expand as countries invest in sophisticated electronic warfare systems with advanced capabilities. The development of cognitive electronic warfare, which incorporates artificial intelligence and neural networks, is set to transform market dynamics, fostering innovation and creating new business opportunities. Global military expenditure has led to the retrofitting of naval vessels with next-generation electromagnetic solutions, enhancing their defensive capabilities against threats such as anti-ship missiles.

The market landscape is characterized by a fragmented competitive environment with both global and local players vying for market share through technological advancements and product offerings. Major companies like Lockheed Martin, L3Harris Technologies, Northrop Grumman, RTX Corporation, and Leonardo S.p.A. are at the forefront, investing heavily in research and development to create advanced warfare products. Collaborations with defense forces worldwide are common as companies strive to meet military requirements and expand their technological capabilities. The presence of international companies with substantial investments in new technologies is expected to increase their market share, further intensifying competition in the electronic warfare sector.

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Electronic Warfare Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Market Overview
2. 1.2 Market Drivers
3. 1.3 Market Restraints
4. 1.4 Porter's Five Forces Analysis
  1. 1.4.1 Bargaining Power of Buyers/Consumers
  2. 1.4.2 Bargaining Power of Suppliers
  3. 1.4.3 Threat of New Entrants
  4. 1.4.4 Threat of Substitute Products
  5. 1.4.5 Intensity of Competitive Rivalry
2. MARKET SEGMENTATION
1. 2.1 Capability
  1. 2.1.1 Electronic Attack
  2. 2.1.2 Electronic Protection
  3. 2.1.3 Electronic Support
2. 2.2 Platform
  1. 2.2.1 Air
  2. 2.2.2 Sea
  3. 2.2.3 Land
  4. 2.2.4 Space
3. 2.3 Geography
  1. 2.3.1 North America
    1. 2.3.1.1 United States
    2. 2.3.1.2 Canda
  2. 2.3.2 Europe
    1. 2.3.2.1 United Kingdom
    2. 2.3.2.2 Germany
    3. 2.3.2.3 France
    4. 2.3.2.4 Russia
    5. 2.3.2.5 Rest of Europe
  3. 2.3.3 Asia-Pacific
    1. 2.3.3.1 China
    2. 2.3.3.2 India
    3. 2.3.3.3 Japan
    4. 2.3.3.4 South Korea
    5. 2.3.3.5 Rest of Asia-Pacific
  4. 2.3.4 Latin America
    1. 2.3.4.1 Brazil
    2. 2.3.4.2 Mexico
    3. 2.3.4.3 Rest of Latin America
  5. 2.3.5 Middle East and Africa
    1. 2.3.5.1 Saudi Arabia
    2. 2.3.5.2 United Arab Emirates
    3. 2.3.5.3 Rest of Middle-East and Africa