Armed forces and non-state groups employ unmanned aerial systems. The tiniest commercial drones can be weaponized and used to cause catastrophic damage. Finding strategies to defeat the weaponized drones as their use spreads across the battlefield is a top issue. Electronic communications and technologies are critical for autonomous and remotely driven vehicles. As the number of duties delegated to unmanned systems grows, the demand for counter-unmanned aerial systems (UAS) and electronic warfare (EW) technologies to counter them also grows. Unmanned aerial vehicles have become an important feature of armed forces worldwide. Transforming surveillance and imagery data has become easier by deploying electronic warfare devices on unmanned platforms. Various unmanned EW missions benefit from integrating unmanned systems with communication jammers or electronic surveillance equipment. Furthermore, unmanned EW planes do not require people, lowering the chance of human casualties. As a result of these advantages, several countries plan to purchase and deploy additional UAVs in their military forces. In November 2020, Aselsan, a defense company, created and manufactured KORAL, a land-based radar EW system. The electronic defense/electronic attack system has two military trucks. It is meant to jam and confuse conventional and complicated varieties of hostile radar and analyze multiple target signals over a wide frequency range. KORAL conducts electronic support operations for intelligence, surveillance, and reconnaissance. However, it strikes adversary combat capabilities to degrade, neutralize, or destroy them. Therefore, the increasing procurement of unmanned vehicles augments the growth of the electronic warfare systems market in Europe.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe electronic warfare market in the coming years. The market is expected to grow at a good CAGR during the forecast period.
Strategic insights for the Europe Electronic Warfare provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Report Attribute | Details |
---|---|
Market size in 2021 | US$ 5,477.94 Million |
Market Size by 2028 | US$ 8,478.30 Million |
Global CAGR (2021 - 2028) | 6.4% |
Historical Data | 2019-2020 |
Forecast period | 2022-2028 |
Segments Covered |
By Component
|
Regions and Countries Covered | Europe
|
Market leaders and key company profiles |
The geographic scope of the Europe Electronic Warfare refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Europe Electronic Warfare Market Segmentation
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 Europe Electronic Warfare Market is valued at US$ 5,477.94 Million in 2021, it is projected to reach US$ 8,478.30 Million by 2028.
As per our report Europe Electronic Warfare Market, the market size is valued at US$ 5,477.94 Million in 2021, projecting it to reach US$ 8,478.30 Million by 2028. This translates to a CAGR of approximately 6.4% during the forecast period.
The Europe Electronic Warfare Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Electronic Warfare Market report:
The Europe Electronic Warfare Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Electronic Warfare Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Electronic Warfare Market value chain can benefit from the information contained in a comprehensive market report.