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

Market Research Future Published a Cooked Research “Global Electronic Warfare Market Research Report - Forecast to 2023” - Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2023

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 – Market Overview

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.

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.

Market Scenario

The electronic warfare market is completely dependent on the technology upgradation in defense capabilities. Thus, the increasing or decreasing demand of the technology upgradation directly has an impact on the market. Moreover, factor responsible for the growth of electronic warfare market are transnational disputes & wars, the emergence of cognitive electronic warfare technology, growth in system reliability & efficiency due to the introduction of traveling-wave tube based solutions. This is the primary factor that drives the growth of the electronic warfare market and has gained prevalence in the recent times, with usage of best in class technologies in aircraft. Thus, the growth of the electronic warfare market is expected to go hand in hand with the growth of investment in military.

The expansion of the military aircraft fleets, which has resulted in the development of a set of electronic warfare market. The increase focus of manufacturers on electronic warfare will lead to an increase in use of military aircraft, due to which there will be growth in electronic warfare market. The expansion of the existing military aircraft fleets along with the launch of new airlines, would result in increased electronic warfare the forthcoming years. Hence, it is expected that the rapid fleet expansion would eventually drive the electronic warfare market. Moreover, growth in electronic warfare in unmanned aerial vehicles and demand for counter radio-controlled improvised explosive device electronic warfare systems, will drives the growth of electronic warfare market.

Electronic warfare is gaining acceptance as technology upgradation are gaining popularity in the military field. This enables faster response to crisis situations and adaptation to the dynamic technological advances in the industry. Such cut throat competition in the military systems requires massive investments at a regular basis, thus the high capital investment in the electronic warfare market is expected to act as a hurdle in the growth of the 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.

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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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