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Market Overview of Global Electronic Warfare market:
According to our latest research, the global Electronic Warfare market looks promising in the next 5 years. As of 2022, the global Electronic Warfare market was estimated at USD 20741.54 million, and it's anticipated to reach USD 30215.71 million in 2028, with a CAGR of 6.47% during the forecast years.
Electronic warfare, also known as electronic countermeasure, refers to the main form of information warfare, which uses electromagnetic energy, directional energy, acoustic energy and other technical means to control the electromagnetic spectrum, weaken and destroy the operational effectiveness of the enemy's electronic information equipment, systems, networks and related weapon systems or personnel, while protecting the normal operational effectiveness of our own electronic information equipment, systems, networks and related weapon systems or personnel. With the rapid development of artificial intelligence technology, its application in the military field has attracted more and more attention from all countries. Electronic warfare is the key means to win modern wars. The application research of artificial intelligence in the field of electronic warfare has become a strategic focus for military powers, promoting the rapid development of electronic warfare industry.
The global electronic warfare market is currently dominated by foreign manufacturers, and the competition in the industry market is becoming increasingly fierce. In recent years, the technology of the electronic warfare industry has developed rapidly, new products have been emerging, and electronic warfare equipment is developing towards integration. Enterprises need to invest a lot of money in research and development to meet the needs of the military modernization industry. From the perspective of the competition pattern of the electronic warfare industry, European and American enterprises have great advantages in terms of production scale, technical level and product diversity, and have strong competitiveness. After decades of development, internationally renowned enterprises represented by Lockheed Martin, Bae Systems, L3Harris Technologies, Inc., etc., have taken a leading position in the global market by virtue of their advantages in capital, technology, customer resources, brands, etc.
The industry is greatly affected by national policies
Electronic warfare serves the field of national defense and military affairs. It is closely related to the scale of military expenditure and the amount of investment in fixed assets in industrial planning, and is closely related to national industrial policies and macroeconomic policies. If there is a major adjustment of macroeconomic policies, the scale of military expenditure and investment in fixed assets will decrease accordingly, the overall market of this industry will be adversely affected to a certain extent.
Large R&D investment and long R&D cycle
Products related to the electronic warfare industry are used in various cutting-edge military fields, requiring high technical levels, and the early stage development has the characteristics of long R&D cycle, high R&D investment, and high R&D risk. For military enterprises, on the one hand, in order to promote R&D progress and achieve technological breakthroughs, it is necessary to form a horizontal R&D team involving multiple subdivisions and allocate R&D resources accordingly; on the other hand, due to the long R&D cycle, there are also uncertainties. Enterprises may face the risk of being unable to make profits for a long period of time, and they need to invest a lot of money to ensure the smooth progress of research and development and the normal operation of enterprises, so the industry's capital threshold and technical threshold are relatively high.
Region Overview:
In global comparison, a significant portion of the revenue was generated in North America (58.36% in 2021).
Company Overview:
Lockheed Martin Corporation, Bae Systems Corporation, and L3Harris Technologies, Inc. are the top three companies in the electronic warfare market in 2021, accounting for a combined market share of 31.95%.
Lockheed was founded in 1926 and later merged with Martin Marietta in 1995 to become Lockheed Martin.
Lockheed Martin is a global security and aerospace company engaged in the research, design, development, manufacture, integration and maintenance of advanced technology systems, products and services.
Bae Systems designs, manufactures, upgrades and supports combat vehicles and supplies ammunition, precision munitions, artillery systems and missile launchers to a global customer base.
Segmentation Overview:
Among different product types, Electronic Warfare Equipmen segment is anticipated to contribute the largest market share in 2027.
Application Overview:
By application, the Ground segment occupied the biggest share from 2017 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Electronic Warfare market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Electronic Warfare Market Report:
Market Size Estimates: Electronic Warfare market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Electronic Warfare market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Electronic Warfare market
Segment Market Analysis: Electronic Warfare market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Electronic Warfare market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Electronic Warfare Market: Revenue and sales volume of major countries in each region
Electronic Warfare Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Electronic Warfare market in major regions.
Electronic Warfare Industry Value Chain: Electronic Warfare market raw materials & suppliers, manufacturing process, distributors, downstream customers
Electronic Warfare Industry News, Policies & Regulations
Key players in the global Electronic Warfare market are covered in Chapter 12:
Elbit Systems
Northrop Grumman Corporation
Lockheed Martin
Tellhow Technology
Textron
Bae Systems
General Dynamics
Leonardo
Thales
L3Harris Technologies, Inc.
Raytheon
Hangtian Development
Teledyne Technologies
Israel Aerospace Industries
Saab
In Chapter 2 and Chapter 15.1, based on types, the Electronic Warfare market from 2018 to 2028 is primarily split into:
Electronic Warfare Equipment
Electronic Warfare Operational Support
In Chapter 3 and Chapter 15.2, based on applications, the Electronic Warfare market from 2018 to 2028 covers:
Ground
Navy
Aerospace
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Electronic Warfare market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028