Demand for electronic warfare systems is anticipated to be driven by rapid technological advancements in the domain and the growing need for intelligence, surveillance, and reconnaissance (ISR) capabilities in militaries globally. The Electronic Warfare Systems Market is expected to be dominated by North America, followed by Asia-Pacific and Europe. Modern warfare places a greater emphasis on information superiority and situational awareness, and this is expected to be a major factor driving spending in this sector.
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Key Findings:
- The global electronic warfare systems market is expected to be worth US$13.3 billion in 2015, and is expected increase to US$19 billion by 2025
- The North American region is estimated to account for the largest share of 41% in the global electronic warfare systems market, with the region accounting for a cumulative spending of US$72.1 billion over the forecast period. The region will be followed by Asia Pacific and Europe, with respective spending of US$51.6 billion and US$35.3 billion during 2015-2025
- In terms of segments, Electronic Protection and Electronic Warfare Support are expected to be the top two segments in the global electronic warfare systems market over the forecast period. The Electronic Protection segment is expected to account for 52.4% of the total market, Electronic Warfare Support segment is estimated to comprise 33.1%, and the Electronic Attack segment is estimated to account for 14.5% of the market
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Reasons To Buy:
- Determine prospective investment areas based on a detailed trend analysis of the global electronic warfare systems market over the next ten years
- Gain in-depth understanding about the underlying factors driving demand for different electronic warfare system segments in the top spending countries across the world and identify the opportunities offered by each of them
- Strengthen your understandingof the market in terms of demand drivers, SWOT, industry trends, and the latest technological developments, among others
- Identify the major channels that are driving the global market, providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion
- Channelize resources by focusing on the ongoing programs that are being undertaken by the internal ministries of different countries within the electronic warfare systems market
- Make correct business decisions based on thorough analysis of the total competitive landscape of the sector with detailed profiles of the top electronic warfare system providers around the world which include information about their products, alliances, recent contract wins and financial analysis wherever available
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