Electronic Warfare Market Size, Share, Statistics & Trends Analysis Report By Type, By Application, By Region, and Segment Forecasts, 2021-2026

The global Electronic Warfare market size is projected to reach US$ 26260 million by 2026, from US$ 21880 million in 2019, at a CAGR of 2.6% during the forecast period 2021-2026. Increasing procurement of electronic warfare systems due to growing transnational and regional instability is expected to drive electronic warfare market size growth. The growing frequency of bilateral militarized conflicts between countries is increasing rapidly, leading to the need for countries' defense forces to improve their security measures. The introduction of digital battlefields has propelled all defense systems used during combat missions to integrate electronic warfare technology.

 

 

This report focuses on the global Electronic Warfare status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Electronic Warfare development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.

• Increasing conflicts and disputes among countries to fuel growth
• Significant technological advancements and integration of electronics in military equipment 
• Rising adoption of electronic warfare in UAV platforms to boost growth

The development of new-generation air and missile defense systems is expected to fuel the growth of the electronic warfare market size.

The development of new-generation missiles with high-end technologies is a major threat to strategic locations and platforms such as military airbases and ships. Some of these latest technologies include ballistic missiles and high-speed cruise missiles that are nuclear-capable. These advances have contributed to the need for electronic warfare systems for new-generation high-speed air defense. Governments around the world are concentrating on developing stealth aircraft but are also investing extensively in sophisticated surveillance systems to fight stealth technology at the same time.

 

Furthermore, the increase in popularity of small electronic systems that can be integrated into platforms such as patrol vessels and unmanned aerial vehicles (UAVs) is also expected to increase the growth of the electronic warfare market size.

This rapid growth is attributed to the increasing procurement of electronic warfare equipment in military ships and aircraft due to benefits such as advanced electronic protection and electronic support applications.

This dominance of North America is attributed to the increased investments from various private and government entities. The US is regarded as one of the world's leading manufacturers, exporters, and consumers of EW systems and is considered to have the best EW capabilities.

 

On the other hand, Asia Pacific is expected to exhibit rapid growth backed by the need to enhance the warfighting capabilities of the defense forces in developing countries, such as India and China.