The electronic warfare market involves technologies used to exploit the electromagnetic spectrum for military operations. Electronic warfare encompasses communications jamming, directed energy weapons, and radar systems that can detect, disrupt or destroy enemy electronics. Key functions of electronic warfare include intelligence gathering, protecting own troops, and limiting adversary's use of the electronic spectrum. The growing need to tackle emerging asymmetric threats from non-state actors is a major driver propelling investments in this sector.

The Electronic Warfare Market is estimated to be valued at US$ 18.45 Bn in 2024 and is expected to exhibit a CAGR of 5.7% over the forecast period 2024 To 2031.

This market caters to the rising demand for electronic protection, electronic attack, and electronic support systems from armed forces across major countries. Ongoing military modernization programs and development of network-centric warfare capabilities are fueling demand for advanced electronic warfare payloads.

Key Takeaways

Key players operating in the Electronic Warfare Market Size  are BAE Systems plc, Elbit Systems Ltd., General Dynamics Corporation, Israel Aerospace Industries Ltd., L3Harris Technologies Inc., Leonardo SpA, Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies Corporation, SAAB AB, Thales Group, Mistral Solutions Pvt. Ltd., Chelton Limited, Rafael Advanced Defense Systems Ltd, Rohde & Schwarz India Pvt Ltd, QUEST GLOBAL, Mercury Systems, Inc., IAI, DRDO, TEKTRONIX, INC., and Tata Advanced Systems Limited.

The growing demand for counter-UAS technologies is prompting electronic warfare manufacturers to develop solutions that can detect, identify and defeat threats posed by unconventional air assets. Emergence of hybrid warfare tactics necessitates capabilities for electronic support of ground troops against radio-controlled IEDs and networked radio communications of hostile forces.

The global expansion of electronic warfare sector is facilitated by increasing foreign military aid to allies and export of EW equipment. Ongoing collaborations among armed forces of partner nations also support co-development and interoperability of electronic warfare systems. Transition towards multi-domain battle networks further stimulates need for coordinated EW efforts across land, sea, air, space and cyber domains.

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