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Unmanned Electronic Warfare Market Growing at the Fastest Rate in North America Region

12-06-2021 07:25 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MarketsandMarkets

According to a research report "Unmanned Electronic Warfare Market by Product (Unmanned EW Equipment, Unmanned EW Operational Support), Operation, Platform (Unmanned Aerial Vehicles, Unmanned land Vehicles, Unmanned Marine vehicles), Capability, and Region - Global Forecast to 2026" published by MarketsandMarkets, the Unmanned Electronic Warfare market is projected to grow from an estimated USD 685 million in 2021 to USD 847 million by 2026, at a CAGR of 4.3% in terms of value during the forecasted period. It is witnessing significant growth due to increasing new technologies and demand of going unmanned electronic warfare systems. Significant technological advancements and integration of electronics in military equipment are resulting in a shift towards multilayered defense systems, which is expected to drive the unmanned electronic warfare market during the forecast period. Adding to these factors, the increase in the use of UAV systems and the need for ground surveillance and communication jamming serve as opportunities for the unmanned electronic warfare market. The new emerging security scenarios across the globe are trans-national in nature and warrant a unified approach among nations. Industries having a global presence and undergoing partnerships with local and international defense industry participants and governments are expected to benefit in this highly competitive business environment. Companies wanting to grow in this market must to able to track the various trends with respect to the threats and technologies needed to tackle these, and also provide complete solutions, which include the services and equipment for unmanned electronic warfare systems.

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Unmanned Electronic warfare equipment and unmanned electronic warfare operational support are the two segments of the unmanned electronic warfare market. Due to benefits such as advanced electronic protection, electronic attack, and electronic support applications, the unmanned electronic warfare equipment segment is expected to grow at a faster CAGR due to increased procurement of unmanned electronic warfare equipment for the gradation of various unmanned platforms such as naval vessels, land vehicles, and aircraft.

Based on platform, the unmanned aerial vehicle segment is projected to grow at the highest CAGR during the forecast period.

The growth in the unmanned electronic warfare market is expected to drive the growth of the three platforms proportionately. The requirement of unmanned aerial vehicles in battlefield for surveillance and threat detection capabilities is expected to drive the market during the forecast period.

Based on operations, the Fully Autonomous segment is projected to grow at the highest CAGR during the forecast period.

Based on operations, Fully Autonomous segment is projected to grow at the highest CAGR during the forecast period. The requirement of autonomous vehicles that help in reducing human loss and increasing capabilities, and investments in R&D towards these systems are helping the growth of market for fully autonomous Unmanned electronic warfare systems.

Based on product, the unmanned electronic warfare equipment segment is projected to grow at the highest CAGR during the forecast period.

Growing demand for into identification friend or foe (IFF) systems, radar warning receivers, laser warning systems, IR missile warning systems, direction finders, directed energy weapon systems due to their high demand for countermeasure applications are projected to increase the growth of the unmanned electronic warfare market.

The North America region is the fastest growing in the unmanned electronic warfare market in the forecast period

The North America Unmanned Electronic warfare market is projected to grow at the highest CAGR during the forecast period. The growth of the North America Unmanned Electronic warfare market is primarily driven by increasing focus on increasing investments in unmanned electronic warfare technologies by countries in this region. In addition, factors including increasing geopolitical tensions and increased defense related expenditure are expected to drive the demand for Unmanned electronic warfare market in the region.

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This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as market Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Thales Group (France), L3Harris Technologies, Inc. (US), BAE Systems (UK), and Saab Ab (Sweden).

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Mr. Aashish Mehra
MarketsandMarkets™ INC.
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USA : 1-888-600-6441
sales@marketsandmarkets.com

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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