Some of the key players in the electronic warfare market include BAE Systems (UK), Harris (US), Raytheon (US), Northrop Grumman (Germany), Lockheed Martin (US), and Boeing (US). The objective of Electronic Warfare Market study is to analyze, define, describe, and forecast the electronic warfare market based on platform, product, capability, and region.
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The electronic warfare market is projected to grow from an estimated USD 24.20 Billion in 2017 to USD 30.32 Billion by 2022, at a CAGR of 4.61% from 2017 to 2022. Defense modernization programs and increasing procurement of advance electronic warfare systems are expected to fuel the electronic warfare market.
Target Audience for this Report
- Manufacturers of Electronic Warfare Products
- Component Manufacturers of Electronic Warfare Products
- System Integrators
- Department of Defense of Various Countries
- Armed Services
- Government and Certification Bodies
The electronic warfare market has been segmented on the basis of capability, platform, product, and region.
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Based on platform, the electronic warfare market has been segmented into airborne, ground, naval, and space. The space segment is projected to lead the market during the forecast period owing to the increasing use of satellite-based electronic warfare equipment for military applications.
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North America is estimated to lead the electronic warfare market in 2017. The North America region is estimated to lead the electronic warfare market in 2017.
Countries in this region include the US and Canada. The US has the world’s highest military budget and a large amount of its military spending goes into procuring electronic warfare systems.
This factor contributes to the large market share of North America in the electronic warfare market.
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The study segments the electronic warfare market based on capability (electronic support, electronic attack, electronic protection),platform(airborne-based EW, naval-based EW, ground-based EW, space-based EW),and product (EW equipment, electronic warfare operational support)and maps these segments and sub segments across major regions, namely, North America, Europe, Asia Pacific, Middle East, and Rest of the World (RoW).
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The report provides in-depth market intelligence regarding the market dynamics and major factors that influence the growth of the electronic warfare market (drivers, restraints, opportunities, and industry-specific challenges), along with an analysis of micro markets with respect to individual growth trends, prospects, and their contribution to the electronic warfare market.
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The report also focuses on the competitive landscape of this market and profiles companies, highlighting their financial positions, product portfolios, growth strategies, and analyzes their core competencies and market shares to anticipate degree of competition prevailing in the market.
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