Report : Europe Electronic Warfare Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Hardware, Software, and Services), Application (Electronic Attack, Electronic Protection, and Electronic Warfare Support), and Product Type (Countermeasure Systems, Jammers, Sensor Systems, Weapons Systems, and Others)
Electronic Warfare Support Segment to Dominate Europe Electronic Warfare Market During 2021–2028
According to a new market research study on “Europe Electronic Warfare Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Component, Application, and Product Type” is expected to reach US$ 8,478.30 million by 2028 from US$ 5,477.94 million in 2021. The market is estimated to grow at a CAGR of 6.4% from 2021 to 2028. The report provides trends prevailing in the Europe electronic warfare market along with the drivers and restraints pertaining to the market growth. The deployment of electronic warfare systems on unmanned vehicles and increasing procurement of electronic warfare systems are the major factor driving the growth of the Europe electronic warfare market. However, limited access to electronic warfare manufacturing facilities in developing countries hinders the growth of Europe electronic warfare market.
The Europe electronic warfare market is segmented based on component, application, product type, and country. Based on component, Europe electronic warfare market is segmented into hardware, software, and services. The hardware segment dominated the market in 2020 and software segment is expected to be fastest growing during forecast period. Based on application, Europe electronic warfare market is segmented into electronic attack, electronic protection, and electronic warfare support. The electronic warfare support segment dominated the market in 2020 and electronic attack segment is expected to be fastest growing during forecast period. Based on product type, Europe electronic warfare market is segmented into countermeasure systems, jammers, sensor systems, weapons systems, and others. The sensor systems segment dominated the market in 2020 and countermeasure systems segment is expected to be fastest growing during forecast period. Based on country, the Europe electronic warfare market has been segmented into the UK, Germany, France, Italy, Russia, and rest of Europe.
BAE Systems; Cobham Limited; L3Harris Technologies, Inc.; Leonardo S.p.A.; Lockheed Martin Corporation; Northrop Grumman Corporation; Raytheon Technologies Corporation; Saab AB; Textron Inc.; and Thales Group are among the leading companies in the Europe electronic warfare market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2022, Leonardo and the UK Royal Air Force have successfully demonstrated new high-tech deception techniques using its drinks-can-sized BriteCloud countermeasure, in co-operative trials with the Italian and Royal Danish Air Forces. The trials took place at a UK range in partnership with the RAF’s Rapid Capabilities Office (RCO), the Air and Space Warfare Centre (ASWC), and the Defence Science and Technology Laboratory (Dstl).
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