Report : South America 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 SAM Electronic Warfare Market During 2021–2028
According to a new market research study on “SAM Electronic Warfare Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Component, Application, and Product Type” is expected to reach US$ 583.75 million by 2028 from US$ 475.97 million in 2021. The market is estimated to grow at a CAGR of 3.0% from 2021 to 2028. The report provides trends prevailing in the SAM electronic warfare market along with the drivers and restraints pertaining to the market growth. The deployment of sensors in space for improved electronic warfare capabilities and technological advancements in electronic warfare are the major factor driving the growth of the SAM electronic warfare market. However, limited access to electronic warfare manufacturing facilities in developing countries hinders the growth of SAM electronic warfare market.
The SAM electronic warfare market is segmented based on component, application, product type, and country. Based on component, SAM 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, SAM 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, SAM 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 SAM electronic warfare market has been segmented into Brazil and rest of SAM.
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 SAM 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 2020, Northrop Grumman Corporation was awarded a follow on production contract for AN/SLQ-32(V)7 SEWIP Block 3 systems by the U.S. Navy. The system is employed on Surface Combatants to defeat legacy and emerging anti-ship threats using non-kinetic/electronic attack methodologies.
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