Electronic Warfare Market 2018 Key Players: Lockheed Martin, Northrop Grumman, Raytheon, FishEye, Mercury Systems, SAAB, Thales, 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.

Of late the electronic warfare systems for both naval and airborne platforms, are equipped with emerging technologies, which enhance their capabilities. These systems focus on jamming and identification of radar and other electronic signals that enable operations in the enemy territories. For instance, the US SEWIP program focuses on the upgrade of AN/SLQ-32 EW system for defense against the cruise or guided missiles and other radar threats. For airborne platforms, the Next Generation Jammer is intended to strengthen the software driven approach to these systems. This can be employed across a range of platforms, including the next generation stealth fighter planes and the bombers and other special mission aircraft.

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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.

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.

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Electronic Warfare Market – Regional Analysis
The electronic warfare market has witnessed tremendous growth in the recent years. There has been an increased demand, especially in the regions of Middle East and Asia-Pacific, combined with the advancing technologies. Of late, the electronic warfare, especially ECM’s capabilities, are sought by the military forces, globally, for both offensive and defensive operations. The protection of troops and hardware, are particularly at the centre of the quest for electromagnetic spectrum (EMS) dominance.

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