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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)

Report Code :  BMIRE00025367
No. of Pages :  163
Published Month :  Jul 2022
Category :  Aerospace and Defense
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The Europe electronic warfare market is expected to grow from US$ 5,477.94 million in 2021 to US$ 8,478.30 million by 2028; it is estimated to grow at a CAGR of 6.4% from 2021 to 2028.

 

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. 

 

Europe Electronic Warfare Market Revenue and Forecast to 2028 (US$ Million)

      

 

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. 

  1. BAE Systems
  2. Cobham Limited
  3. L3Harris Technologies, Inc.
  4. Leonardo S.p.A.  
  5. Lockheed Martin Corporation
  6. Northrop Grumman Corporation
  7. Raytheon Technologies Corporation
  8. Saab AB
  9. Textron Inc.  
  10. Thales Group
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe electronic warfare market.      
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the Europe electronic warfare market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the electronic warfare market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution