According to a new market research report "Electronic Warfare Market Forecast Analysis (2014- 2020)", by MarketsandMarkets, the total global electronic warfare market is expected to reach $15,590 million by 2020 with a CAGR of 4.50%.
Electronic warfare is vital to maintain control over the electromagnetic spectrum. The sub segments of electronic warfare include electronic attack, electronic support and electronic protection. Since western markets have matured, the growth at present is from geographic regions like Middle East, Asia-Pacific and Latin America. In Asia-pacific the growth will be driven by the tensions prevailing in the South China Sea region. In Latin America the primary spender will be driven by Brazil and Saudi Arabia in the Middle East region.
Most of the nations around the world are reducing their defense spending and this could impact the electronic warfare market as research and development in electronic warfare is expensive and requires a considerable amount of funding.
Electronic warfare predominantly was dominated by airborne and naval platforms, but now land-based electronic warfare solutions are becoming popular. The reducing size of the electronic warfare solution has enabled it to be integrated on smaller platforms like off shore patrol vessels and unmanned aerial vehicles (UAVs). Development of faster processors will enable the future systems to be more efficient and manage wider range of threats like stealth aircrafts and hypersonic aircrafts. Cognitive electronic warfare systems are expected to be deployed by the end of 2016. Cognitive systems will be able to adapt to the changes that occur in the operational environment and respond to them effectively with the help of machine learning algorithms.
Browse 62 market data tables and 88 figures spread through 231 pages and in-depth TOC on "Electronic Warfare Market (2014 - 2020)"
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Electronic warfare is an indispensable 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 enable today's electronic warfare systems to incorporate more digital capability and faster signal processors enable better performance.
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 like 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.
The global Electronic Warfare Market is estimated to be $12.15 billion in 2014 and is expected to register a CAGR of 4.50% to reach $15.59 billion in 2020. The growth regions will be Latin America, Middle East and Asia-Pacific.
Electronic supports uses data from techniques like communication intelligence and signal intelligence to detect, track and analyze the enemy’s communication and radar systems and use the data in to enhance electronic attack and electronic protection.
Electronic protection deals with protection from enemy’s electronic warfare deployment. It uses various techniques like frequency hoping to protect a platform from the electronic attack of an enemy.
The electronic warfare market can be split as 20% of electronic attack, 50% of electronic support and 30% of electronic protection. With respect to platform, airborne is 40%, land-based is 20% and naval is 40%. Naval electronic systems are typically considered to be expensive as they have higher number of sensors to complement the system.
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The typical lifecycle of an electronic warfare system is 10-12 years and software and hardware updates take place midlife. Software and hardware updates do not occur in isolation and they are interdependent. The research and development process typically consume 3-4 years.
The future will be dominated by electronic warfare systems integrated on unmanned aerial vehicles (UAVs). This is because of the fact that airborne electronic warfare systems are prone to enemy fire and most of the nations want to isolate the human being from the airborne system.
Brazil will be the leader in the Latin American region due to their commitment to electronic war systems' research, development and implementation. In Asia and Middle-East the growth will be from border disputes and the response to these disputes. The agenda for the briefing includes discussion on key high growth markets, thereby marking the growth trend in the electronic warfare market. Furthermore, a briefing is conducted on the competitive scenario and geographic trends and opportunities inthe United States, Europe, China, Canada and Brazil.
Scope of the report
This report analyzes the Global Electronic Warfare Market based on:
- Types of electronic warfare
- Geographic regions
In addition to market sizes and forecasts, the report also provides a detailed analysis of the market trends and factors influencing market growth, and offering in-depth geographic analysis of the electronic warfare market in United States, Europe,Canada, Brazil, and Japan. The report draws the competitive landscape of electronic warfare market, providing an in-depth comparative analysis of the technological strategies of the key players.
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