Global Electronic Warfare Market is Estimated to Reach $33 Billion by 2025
Global Electronic Warfare Market report published by Accurize Market Research forecast that the global market is expected to reach $33 billion by 2025; growing at a CAGR of 4.9% from 2017 to 2025. By geography, the Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
Continuous development in the electromagnetic spectrum, growing worldwide disputes, and rising use of EW systems for geospatial intelligence to drive the market
Continuous development in the electromagnetic spectrum, development of Integrated EW Systems, growing worldwide disputes, and rising use of EW systems for geospatial intelligence fuels the demand for the global electronic warfare market. Furthermore, enhancing the implementation of visual and infrared technology in defense also boosts the growth of the market.
The global electronic warfare market has been bifurcated on the basis of capability, platform, product, and geography. The capability segment comprises electronic support, electronic attack, and electronic protection. By platform, the market is segmented as airborne-based EW, naval-based EW, ground-based EW, and space-based EW. Further, the product segment is classified into EW equipment, and electronic warfare operational support (EWOS).
By geography, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). North America is further bifurcated in the U.S., Canada, and Mexico whereas Europe consists of the UK, Russia, Germany, France, and the Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea and Rest of Asia-Pacific while RoW is bifurcated into South America, the Middle East, and Africa.
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Top players in the market
The key market players include Lockheed Martin Corporation, Raytheon Company, Elbit Systems Ltd., Boeing, Saab AB, Thales Group, Textron Inc., Israel Aerospace Industries Ltd, BAE Systems, and L3 Technologies, Inc., among others.