Electronic warfare Market worth $20.9 billion by 2025

The electronic warfare market 2021 research study has 273 market data Tables and 82 Figures spread through 340 Pages. The electronic warfare market size is projected to grow from USD 17.0 billion in 2020 to USD 20.9 billion by 2025, at a CAGR of 4.2% from 2020 to 2025. The electronic warfare market is dominated by a few globally established players such as BAE Systems Plc. (UK), Northrop Grumman Corporation (US), Raytheon Technologies Corporation (US), Lockheed Martin Corporation (US), Thales Group (US), L3Harris Technologies, Inc. (US), Israel Aerospace Industries (Israel), and SAAB AB (Sweden), among others, are the key manufacturers that secured electronic warfare contracts in the last few years. Major focus was given to the development of new products due to the changing requirements of armed forces across the world.

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COVID-19 Impact on the Electronic warfare Market

Electronic warfare is now among the crucial requirements of the defense and intelligence agencies across countries. Hence, military and intelligence agencies are the key end users, showcasing greater demand for electronic warfare equipment. Some industry experts have noted that the COVID-19 pandemic has not affected the demand for electronic warfare, especially for military end use. Companies such as Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Elbit Systems Ltd. (Israel), and L3Harris Technologies (US) received contracts for the supply of electronic warfare to the armed forces of various nations in the first half of 2020, showcasing continuous demand during the COVID-19 crisis.

However, due to the precautionary measures undertaken by government agencies to minimize the spread of COVID-19, many manufacturing facilities have been temporarily closed, which has resulted in delays in order deliveries. This trend seems to vary with countries in 2020. While countries in Europe show steady growth in demand for electronic warfare; a more significant increase in demand is observed in North America. Below are some important developments that showcase the increase in demand for electronic warfare in the defense sector during the COVID-19 crisis in the North American region.

Opportunities: Development of new-generation air and missile defense systems

The development of new-generation missiles with high-end technologies is a major threat to strategic locations and platforms such as military airbases and ships. Some of these new developments include nuclear-capable ballistic missiles and high-speed cruise missiles. Various countries are developing such advanced weapons capable of defeating high-end air defense systems such as the medium extended air defense system (MEADS), the Patriot Advanced Capability-3 (PAC-3), and the S-400. Countries such as India, China, and Russia have developed hypersonic missiles that are difficult to intercept for missile shields. India and Russia have jointly developed the BrahMos missile, which is difficult to intercept by older missile defense shields. These developments have led to the requirement for new-generation high-speed air defense electronic warfare systems. Governments worldwide are focusing on the development of stealth aircraft, but, at the same time, they are also investing heavily in advanced surveillance systems to counter stealth technology.

Several types of research have been undertaken on electronic warfare technologies such as quantum-based radars technology and their use for surveillance. According to an article published by China Daily in September 2018, quantum radars transmit subatomic particles, instead of radio waves, when searching for targets. They are not affected by radar-absorbent materials and low-signature designs. Traditional radar-jamming tactics cannot deceive these radars and, hence, can be adopted for missile defense and space exploration in the future.

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Challenges: High cost of deployment

The increasing importance of electronic warfare in tactical and strategic roles in the modern warfare environment has propelled the need for new, effective, and affordable electronic warfare systems. These systems use electromagnetic radiations to ensure the secure transmission of data. Electronic warfare systems encompass multiple capabilities such as electronic attack, electronic protection, and electronic support. These systems are required to perform various essential functions in diverse threat environments. They have to identify all emitters in an area of interest using SIGINT techniques to determine their geographic locations or ranges of mobility, characterize their signals, and determine the strategy of enemy conflict. Achieving the performance levels expected for the next-generation electronic warfare systems becomes a formidable task due to the complexity of electronic warfare market. These systems require complex designs to serve in high-magnitude signal environments. One of the key challenges faced by manufacturers of electronic warfare systems is modifying and programming these systems. Advanced EW technologies are required to operate in a crowded EM environment, and a cost-effective open system approach will help achieve challenging design goals. The electronic warfare systems market is expected to be cost-dependent due to the requirement of heavy R&D investments, which serves as a challenge for manufacturers

Industry experts have stated that the COVID-19 pandemic has not affected the demand for electronic warfare in the defense sector for the US and Canada. US Department of Defense (DoD) has asked the manufactures to continue with product activities related to electronic warfare. However, some change has been observed in the demand for electronic warfare in civil & commercial applications, especially in sporting and hunting activities. The demand for electronic warfare for self-defense applications has increased to a greater extent. According to the New York Times published in April 2020, “About 2 Million Guns Were Sold in the US as Virus Fears Spread,” which showcases the increased ammunition demand for self-defense applications.

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