Electronic Warfare Market 2018 Global Key Players: BAE Systems Plc., General Dynamics, Lockheed Martin, Northrop Grumman, Raytheon, FishEye, Mercury Systems

Market Research Future published a Cooked research report on “Global Electronic Warfare Market Research Report - Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Electronic Warfare Market – Overview

The global electronic warfare market is growing with the rapid pace. According to a recent study report published by the Market Research Future, The global market of electronic warfare will grow at a rapid pace over the forecast period. The market is forecasted to witness slow but steady growth by 2023, which will be a surplus growth at a moderate CAGR during the projected period (2017 -2023).

The high demand for electronic warfare’s is due to the growth in the military services. Many new electronic warfare centres have been setup in numerous countries in recent years. This increases the participation of regional companies in the field of electronic warfare market. Moreover, the growing demand for electronic warfare equipment’s that satisfy the demand for intelligence, surveillance and reconnaissance capabilities. Thus, the electronic warfare system is an integral part of military systems. Electronic system integrated with patrol vessels are estimated to gain higher popularity during the forecast period.

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BAE Systems Plc. (U.K.), General Dynamics (U.S.), Lockheed Martin (U.S.), Northrop Grumman (U.S.), Raytheon (U.S.), FishEye (U.S.), Mercury Systems (U.S.), Saab (Sweden), Thales (France), and Ultra Electronics (U.K.) and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global electronic warfare market.

Industry/ Innovation/ Related News:
February, 2018 – The U.S. navy had selected BAE systems to provide equipment and support services for Space and Naval Warfare Systems Center Atlantic (SPAWAR).
June, 2017 – General Dynamics European Land Systems (GDELS) awarded a supply contract for Danish army’s new 4x4 armoured patrol vehicle program (APV). The contract has options for further variants including Electronic Warfare, Support and Reconnaissance.

Electronic Warfare Market – Segmentation
The global electronic warfare market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Category Type : Comprises Electronic Support, Electronic Attack and Electronic Protection
Segmentation by Platform : Comprises Airborne, Naval, Land, Unmanned
Segmentation by Regions : Comprises Geographical regions - North America, Europe, Asia-Pacific, Middle East & Africa and South America.

Electronic Warfare Market: Regional Analysis
North America market is dominating the market of electronic warfare market due to high adoption rate of new technology and defense capabilities. The market in the developed countries is largely driven by growing demand for military services, which helps in growth of electronic warfare market.
Asia Pacific is referred to as the second-largest electronic warfare’s market due to factors such as increased investment in the defense sector have fuelled the demand for electronic warfare market.

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