Electronic Warfare Market 2018 Top Manufacturers & Competitive Development Analysis, Industry Growth Forecast Report by 2021
Electronic Warfare Market by Category (Electronic Support, Electronic Attack, and Electronic Protection), Platform (Airborne, Naval, Land, Unmanned), and by Region – Forecast To 2021
Pune, India – April 27, 2018 /MarketersMedia/ —
Electronic Warfare Market – Overview:
The global electronic warfare market is growing with the rapid pace. According to a recent study report published by the Market Research Future, The global market of electronic warfare will grow at a rapid pace over the forecast period. The market is forecasted to witness slow but steady growth by 2023, which will be a surplus growth at a moderate CAGR during the projected period (2017 -2023).
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.
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Key Players
BAE Systems,
General Dynamics,
Lockheed Martin,
Northrop Grumman,
Raytheon,
FishEye,
Mercury Systems,
SAAB, Thales, and Ultra Electronics.
Industry/ Innovation/ Related News:
February, 2018 – The U.S. navy had selected BAE systems to provide equipment and support services for Space and Naval Warfare Systems Center Atlantic (SPAWAR).
June, 2017 – General Dynamics European Land Systems (GDELS) awarded a supply contract for Danish army’s new 4×4 armoured patrol vehicle program (APV). The contract has options for further variants including Electronic Warfare, Support and Reconnaissance.
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.
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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
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact Info:
Name: Abhishek sawant
Email: sales@marketresearchfuture.com
Organization: Market Research Future
Phone: +1 646 845 9312
For more information, please visit https://www.marketresearchfuture.com/reports/electronic-warfare-market-1552
Source: MarketersMedia
Release ID: 337922
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