Electronic Warfare Market Set up with Whopping 4.5% CAGR | Gross Revenue Model Analysis by General Dynamics, Lockheed Martin, Northrop Grumman, Mercury Systems, and Ultra Electronics

Market Highlights:

The development of electronic warfare (EW) systems, especially to detect and counter weapons, has witnessed a significant development in the past decade, due to the high effectiveness and widespread use of electronics and associated equipment in weapon systems. The implementation of these electronic systems are expanding in variety, with increased capability and sophistication. The superior capability of electronic warfare systems in a country’s defence, has now become one of the vital elements that can decide the outcome, in the event of a conflict.

It has been estimated that over the next ten years, there would be extensive investments into the development and production of EW systems such as electronic countermeasures (ECM), radar warning receivers (RWRs), and electronic support measures (ESM). Concurrently, it has been predicted that there would be high demand for airborne electronic attack and airborne ECM technologies, which are expected to be a big part of the EW market.

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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.

Major Key Players
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.).

Currently, the ECM protective systems that have been deployed, weaken the enemy attempts to deny use of the electromagnetic spectrum. The development in this platform will move beyond jammers that simply barrage the environment with signals, but also block friendly communications, to selective and reactive target jamming capabilities. There will also be a preference towards dismounted and portable jammers that will allow the development of smaller lightweight personal protection devices.
On the other hand, land-based electronic warfare equipment used for jamming, are typically focused on communication frequencies and this is reflected with the increasing emphasis on the development of capabilities that can cover as much of the spectrum, as possible.

Competitive Analysis
The market is highly fragmented with a limited number of large- and small-sized players between whom the competition is intense. Most vendors operate across product lines offering products to multiple industries, certain vendors have entered more niche segments, providing a limited number of products to the defense industry. Vendors have started to shift their manufacturing bases to APAC for greater cost-effectiveness. In addition, the need for an enhanced response time is expected to gain increased market traction during the forecast period. This drives vendors to either acquire or set up manufacturing facilities in APAC. The need for higher revenue and customer base expansion has forced global players to enter into alliances with local players to serve end users effectively.

However, as international players increase their footprint in the market, with their huge infrastructure and R&D support, regional vendors find it increasingly difficult to compete in terms of reliability, on-time delivery, and price. The competitive environment in the market is likely to intensify further due to an increase in product/service extensions, technological innovations, and M&A.

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Target Audience
• Electronic warfare OEMs
• Component Suppliers
• Aftermarket suppliers
• Research Institute / Education Institute
• Potential Investors
• Key executive (CEO and COO) and strategy growth manager

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