Electronic Warfare Market Analysis, Trends, and Scope 2024 to 2031
Electronic Warfare Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 20.07 Billion |
Market Size by 2031 | US$ 34.94 Billion |
Global CAGR (2023 - 2031) | 7.2% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Component
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Electronic Warfare Market News and Recent Developments
The electronic warfare market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the electronic warfare market are listed below:
The United States Navy awarded Raytheon, an RTX (NYSE: RTX) Business, an $80 million contract in a down select to prototype Advanced Electronic Warfare, or ADVEW, for the F/A-18 E/F Super Hornet. This prototype will be considered as a replacement for the existing AN/ALQ-214 integrated defensive electronic countermeasure and AN/ALR-67(V)3 radar warning receiver with a consolidated solution that will deliver superior electronic warfare capabilities to the backbone of the Navy's carrier air wing. (Source: Raytheon Technologies Corp, Press Release, Dec 2023)
- L3Harris Technologies submitted a proposal this month for the U.S. Navy’s Next Generation Jammer – Low Band (NGJ-LB) competition. L3Harris won the original contract in December 2020 with an “Outstanding” technically evaluated solution that led to a protest by a competitor. The program includes prototype development and deliveries of tactical jamming pods designed to modernize the EA-18G Growler’s Electronic Warfare (EW) capability. (Source: L3Harris Technologies, Press Release, Aug 2023)
Electronic Warfare Market Report Coverage and Deliverables
The “Electronic Warfare Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Electronic warfare market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Electronic warfare market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed porter’s five forces analysis
- Electronic warfare market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the electronic warfare market
- Detailed company profiles