Global Electronic Warfare Market Size to Exceed USD 22.43 Billion by 2033: Market Statistics Report

Global Electronic Warfare Market Size to Exceed USD 22.43 Billion by 2033 

According to a research report published by Spherical Insights & Consulting, the Global Electronic Warfare Market Size Expected to Grow from USD 15.09 Billion in 2023 to USD 22.43 Billion by 2033, at a CAGR of 4.04% during the forecast period 2023-2033.

Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Electronic Warfare Market Size, Share, and COVID-19 Impact Analysis, By Platform (Airborne, Ground, Naval, and Space), By Capability (Electronic Support, Electronic Attack, and Electronic Protection), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033 

The employment of electromagnetic spectrum, including radio frequency and transmissions, is known as electronic warfare (EW). It entails tasks like signal jamming, intercepting, and decoding. It gives a nation and its allies situational awareness, enabling them to take defensive action, gain diplomatic understanding, and get ready for offensive circumstances on all fronts before hostilities break out. The use of modern combat techniques became necessary as regional conflicts and geopolitical tensions increased. Additionally, the electronic warfare market is expected to grow throughout the forecast period due to technological advancements in warfare. The usage of electronic equipment and related weapon systems, which are necessary to detect and neutralize these weapons, is fueled by advancements in the electromagnetic spectrum and is one of the drivers propelling the growth of the electronic warfare industry. It is anticipated that the growing use of optical and infrared methods, including lasers and other technologies, will support the expansion of the electronic warfare sector. However, integrating EW systems across various areas is necessary for thorough situational awareness and efficient reaction. A difficulty that could impede market expansion is achieving seamless integration.

The airborne segment is expected to hold the largest share of the global electronic warfare market during the projected timeframe.                         

Based on platform, the global electronic warfare market is categorized as airborne, ground, naval, and space. Among these, the airborne segment is expected to hold the largest share of the global electronic warfare market during the projected timeframe. The growing need for advanced surveillance, signal intelligence, and self-defense systems in contemporary aircraft is propelling the market for electronic warfare's airborne segment's strong expansion.

The electronic support segment is expected to grow at the fastest CAGR during the projected timeframe.       

Based on the capability, the global electronic warfare market is categorized as electronic support, electronic attack, and electronic protection. Among these, the electronic support segment is expected to grow at the fastest CAGR during the projected timeframe. Technological developments in signal processing, risk identification algorithms, and management of spectrum have a major impact on the expansion of the electronic support (ES) section of the electronic warfare (EW) business. Improved ES capabilities provide vital intelligence for risk mitigation and operational preparation by enabling the detection, identification, and localization of adversary electromagnetic emissions.

North America is projected to hold the largest share of the global electronic warfare market over the forecast period.

North America is projected to hold the largest share of the global electronic warfare market over the forecast period. The region's significant investments in military capabilities, with an emphasis on fending off new threats and preserving technological dominance, are the primary factors propelling the growth of the electronic warfare (EW) market in North America. Research and development activities toward next-generation EW systems are heavily supported by the U.S. Department of Defense's emphasis on EW as a crucial element for national security.

Asia-Pacific is expected to grow at the fastest CAGR growth of the global electronic warfare market during the forecast period. The region's expansion is ascribed to rising defense spending from China, Japan, Australia, and India. Additionally, the Indian Air Force intended to create a cutting-edge EW suite for its fleet of fighter jets in March 2022.

Company Profiling

Major vendors in the global electronic warfare market are Lockheed Martin Corporation, L3Harris Technologies Inc., Thales Group, Leonardo SPA, Moog Inc., General Dynamics Corporation, Raytheon Technologies Corporation, Northrop Grumman Corporation, Elbit Systems Ltd, BAE Systems Plc., and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Key Market Development

• In April 2023, Lockheed Martin awarded BAE Systems a USD 491 million agreement to manufacture the AN/ASQ-239 EW kit for the F-35 fighter jet's Block 4.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global electronic warfare market based on the below-mentioned segments: 

Global Electronic Warfare Market, By Platform

• Airborne
• Ground
• Naval
• Space

Global Electronic Warfare Market, By Capability

• Electronic Support
• Electronic Attack
• Electronic Protection

Global Electronic Warfare Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa