Press release
Electronic Warfare Market 2018 expected to grow at approximately 4.5% CAGR | Industry Players: BAE Systems Plc., General Dynamics, Lockheed Martin, Northrop Grumman, Raytheon, FishEye, Mercury Systems, Saab
The leading market players in the global electronic warfare market primarily include BAE Systems, General Dynamics, Lockheed Martin, Northrop Grumman, Raytheon, FishEye, Mercury Systems, SAAB, Thales, and Ultra Electronics.
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Electronic Warfare Market – 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.
Companies with better technical and financial resources are able to develop innovative products that render the competitors' products obsolete and non-competitive even before they are launched or costs are recovered. Therefore, vendors have to develop new technologies and stay abreast of emerging technologies that could affect the continuing competitiveness of their product lines in the market. International players are dominating the market, but regional and foreign players with small market shares also have a presence. Many international players may their presence worldwide through acquisitions during the forecast period. In addition, the improving global economic scenario is fueling market growth, making it an ideal time to launch new products.
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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.
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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