Electronic Warfare Market worth $24,254 M by 2020
- According to a New Study on ASDReports
According to a new market research report, now available on ASDReports, "Electronic Warfare Market by category (ECM, ESM, ECCM), by technology (Electronic Attack, Electronic Support, Electronic Protection), by Platforms (Airborne, Naval, Land, Unmanned), and by Geography - Forecast & Analysis to 2014 - 2020", the global electronic warfare market is estimated to be $17.72 billion in 2014 and is expected to register a CAGR of 5.37%, to reach $24.25 Billion in 2020. The major growth regions expected will be Latin America, the Middle East and Asia-Pacific.
Electronic warfare is an indispensible component of any military force. The capability and efficiency of the electronic warfare system can change the outcome of a war. Electronic warfare systems in the past consisted of analog systems with capabilities limited by the hardware and software. The advancements in the field of electronics enables today’s electronic warfare systems to incorporate more digital capability and faster signal processors to enable better performance.
Electronic Warfare Market - Forecast & Analysis to 2014 - 2020
Though airborne and naval platforms have dominated electronic warfare in the past decade, the land-based electronic warfare systems are now gaining importance. There is also an increasing popularity of smaller electronic warfare systems that can be integrated with smaller platforms such as unmanned aerial vehicles (UAVs) and patrol vessels. The market will see considerable growth due to stealth aircrafts and naval vessels. These platforms are hard to detect and track due to which the electronic warfare system will play a crucial role with respect to maintaining stealth, and at the same time, counter stealth.
Brazil will be the leader in the Latin American region due to their commitment to electronic war systems’ research, development and implementation. Border disputes and the counter response to these disputes will propel the growth of EW in APAC and the Middle East regions.
The report includes discussion on key high growth markets, thereby marking the growth trends in the electronic warfare market. Furthermore, the analysis is conducted on the competitive scenario & geographic trends and opportunities in the United States, Europe, China, Canada, and Brazil.
Scope of the report
This report analyzes the Global Electronic Warfare Market based on:
- Categories of electronic warfare
- Geographic regions
In addition to market sizes and forecasts, this report also provides a detailed analysis of the market trends and factors influencing the market growth, and offers in-depth geographic analysis of the electronic warfare market in countries such as United States, Europe, Canada, Brazil, and Japan. The report also draws the competitive landscape of electronic warfare market, providing an in-depth comparative analysis of the technological strategies of the key players.
The key market players includes Raytheon (U.S.), Alliant Techsystems, Inc. (U.S.), BAE Systems (U.K.), Rockwell Collins (U.S.), IAI Elta (Israel), and L-3 communications (U.S.), General Dynamics Corporation (U.S.), SAAB (Sweden), Thales (France), and Teledyne Defense Ltd. (U.K.).
Source : ASDReports - Market Research - view original press release