Press release
Strong Growth Ahead: Electronic Warfare Market Size To Grow At Arecord 7% Cagr By 2029
Electronic Warfare
How Big Is the Electronic Warfare Market Size Expected to Be by 2034?
The size of the electronic warfare market has been on a steady increase in the past few years. A growth from $29.15 billion in 2024 to $30.22 billion in 2025, representing a compound annual growth rate (CAGR) of 3.7% is anticipated. Factors such as military modernization initiatives, a demand for spectrum dominance, and the progression of electronic countermeasures, have catalyzed this growth during the historic period.
In the upcoming years, a robust growth is projected for the electronic warfare market. This market is anticipated to expand to $39.58 billion by 2029, with a compound annual growth rate (CAGR) of 7.0%. Reasons for this growth during the forecast period include the advancements in electronic support measures, directed energy weapons, hypersonic threats, and EW, as well as the emergence of space-based EW systems. Key trends that are expected to shape the market during the forecast period are cyber-electronic convergence, the application of quantum technologies in electronic warfare, the evolution of advanced electronic support measures, the development of next-generation radar technologies, collaboration with industry partners, and electromagnetic maneuver warfare.
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What Are the Emerging Segments Within the Electronic Warfare Market?
The electronic warfare market market covered in this report is segmented -
1) By Products: EW Equipment, Electronic Warfare Operational Support (EWOS)
2) By Capability: Electronic Protection, Electronic Support, Electronic Attack
3) By Platform: Land, Naval, Airborne, Space
Subsegments:
1) By EW Equipment: Jammers, Electronic Support Measures (ESM) Systems, Electronic Attack Systems, Electronic Protection Systems, Countermeasure Systems
2) By Electronic Warfare Operational Support (EWOS): Training And Simulation Services, Mission Planning And Support, Intelligence, Surveillance, And Reconnaissance (ISR) Support, Maintenance And Logistics Support
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What Long-Term Drivers Are Shaping Electronic Warfare Market Trends?
The surge in military spending is anticipated to catalyze the expansion of the electronic warfare market. The term military expenditure, also known as defense budget or defense spending, signifies the cumulative financial resources a nation dedicates to its military and related defense activities. The role of electronic warfare technology in enhancing the efficacy of defense functions, slashing expenses, and protecting military resources and staff boosts defense spending. For example, SIPRI (Stockholm International Peace Research Institute), a Sweden-based global entity, revealed in April 2023 that global military expenditure saw a 3.7% upswing in real terms in 2022, reaching a high of $2240 billion. Additionally, for the 26th successive year, China's defense spending saw an uptick. Consequently, the upsurge in military spending propels the electronic warfare market's expansion.
Who Are the Top Competitors in Key Electronic Warfare Market Segments?
Major companies operating in the electronic warfare market market include Lockheed Martin Corporation, BAE Systems PLC, Saab AB, RTX Corporation, Thales Group, General Dynamics Corporation, L3Harris Technologies Inc., Northrop Grumman Corporation, Israel Aerospace Industries Ltd., Leonardo SPA, Teledyne Technologies Inc., Elbit Systems Ltd., The Boeing Company, Textron Inc., ASELSAN AS, Hensoldt AG, Cobham Plc, Cohort plc, Mercury Systems Inc., Chemring Group PLC, Ultra Electronics Holdings plc, Kratos Defense & Security Solutions Inc., Elettronica S. p. A., Rohde & Schwarz GmbH & Co. KG, Terma A/S, Indra Sistemas SA, RADA Electronic Industries Ltd., QinetiQ Group PLC, SRC Inc.
What Electronic Warfare Market Trends Are Gaining Traction Across Different Segments?
Major enterprises established in the electronic warfare market are concentrating on inventive products such as electronic warfare counter-drone systems to bolster their market revenues. This sophisticated technology is aimed at detecting, tracking, and neutralizing the risks presented by unlicensed or aggressive drones. It employs electronic warfare techniques to guard against security threats associated with drones. For example, Elbit Systems Ltd, a leading defense tech firm in Israel, unveiled an electronic warfare counter-drone system in June 2023. The system comes with digitally powered Radar Warning Receivers (RWR) which are designed to counter drone threats. The technology allows locating the position beacons of ground forces and pilots, and detection and identification of drones. The digital receivers of the radar warning are packed with additional processing power, thus enabling them to identify and designate drones as threats. This new radar alerting system identifies drones and assigns them threat status, aiming to tackle one of the growing threats to both military and commercial aircraft today.
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Which Regions Are Becoming Hubs for Electronic Warfare Market Innovation?
North America was the largest region in the electronic warfare market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electronic warfare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Electronic Warfare Market?
2. What is the CAGR expected in the Electronic Warfare Market?
3. What Are the Key Innovations Transforming the Electronic Warfare Industry?
4. Which Region Is Leading the Electronic Warfare Market?
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