The market size of the electronic warfare market is estimated to be valued at $20.55 billion in 2016 and is projected to grow at a CAGR of 4.29% during the forecast period, to reach $25.36 billion by 2021. Growing number of wars and transnational disputes, emergence of cognitive electronic warfare technology, increased system reliability and efficiency due to the introduction of TWT (travelling-wave tube)-based solutions, and advancements due to integrated electronic warfare systems are the factors driving the market. Complete report on electronic warfare market spread across 187 pages, profiling 13 companies and supported with 73 tables and 80 figures is now available at http://www.rnrmarketresearch.com/electronic-warfare-market-forecast-analysis-2014-2020-market-report.html .
Ground-based platform to capture the largest market share in the electronic warfare platform market. The electronic warfare market has been segmented and analyzed on the basis of four platforms namely, air, naval, ground, and unmanned. The ground-based platform segment dominates the overall market, as of 2016. However, the unmanned segment is projected to grow at the highest CAGR during the forecast period. This growth is mainly attributed to the increased proliferation of UAVs, due to which they are increasingly being used by the defense industry.
The electronic warfare market in the Asia-Pacific region is projected to grow at a rapid pace during the forecast period. This growth is mainly attributed to huge population base, booming economy, increasing funding/investments towards the development of electronic warfare products, growing focus of both, international and domestic players on the APAC electronic warfare market, and a large number of R&D activities.
Growing wars and transnational disputes are major factors for the increasing procurement of electronic warfare (EW) systems globally.
Electronic support segment to lead the global electronic warfare market. Electronic support is the largest share-contributing segment in the electronic warfare market. This segment plays a significant role in recognizing the threats in tactical environment. Due to this importance of an electronic system in the electronic warfare system, it is the most used category. This is the factor due to which electronic support is at a dominant position in the electronic warfare category segment.
The key players operating in the electronic warfare market include BAE Systems Plc. (U.K.), The Raytheon Company (U.S.), Thales Group (France), Lockheed Martin Corporation (U.S.), and Saab AB (Sweden). The North America region dominates the electronic warfare market, as of 2016 whereas the Asia-Pacific region is projected to grow at the highest CAGR during the forecast period. Make an Inquiry on “Electronic Warfare Market by Category (Electronic Support, Electronic Attack, Electronic Protection), Platform (Airborne, Naval, Land, Unmanned), Product, Technology, Portable, and Region - Global Forecast to 2021” research report at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=136458 .
On a related note, another research titled C4ISR Market Analysis & Forecast to 2014 – 2020 says, the C4ISR market is estimated to be the $102 billion in 2014, and expected to reach $133 billion by 2020 with a CAGR of 4.52%. The C4ISR electro optics market is projected to be $4.34 billion in 2014 and is expected to register a CAGR of 4.55% to reach $5.66 billion by 2020. Companies like Lockheed Martin, Northrop Grumman, BAE Systems, Elbit Systems, Rockwell Collins., SAAB, Thales Group, Boeing, Raytheon, L3 Communication, Rheinmetall Defense, ITT Exiles, Harris Corporation, DRS Technologies, Inc., Ball Aerospace and Booz Allen Hamilton have been profiled in this 270 pages research report available at http://www.rnrmarketresearch.com/c4isr-market-command-control-communications-computers-intelligence-surveillance-reconnaissance-land-systems-airborne-systems-and-naval-systems-2014-2019-market-report.html .
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