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North 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)

Report Code :  BMIRE00025369
No. of Pages :  145
Published Month :  Jul 2022
Category :  Aerospace and Defense
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The North America electronic warfare market is expected to grow from US$ 5,941.90 million in 2021 to US$ 8,756.28 million by 2028; it is estimated to grow at a CAGR of 5.7% from 2021 to 2028.

 

Military operations are carried out in an electromagnetic (EM) environment, which is becoming increasingly complex. Electronic Warfare (EW) is a military capability that supports all stages and parts of a military campaign and must be integrated into military vehicles and processes. This also helps in the planning and execution of joint operations, and it has become the primary means of fighting and winning wars. War's huge array of capabilities, skills, tactics, and organizations will devolve into chaos without careful planning to ensure interoperability, synchronization, and synergy. It is critical for a Commander to control the electromagnetic spectrum (EMS) to maintain the flexibility of action required to apply maximum fighting power at a specific point in the battle through holistic EMS planning, whether via dominance or control. The frequency of bilateral military confrontations between countries is increasing rapidly, necessitating a greater requirement for countries' defense forces to strengthen their security measures. New weaponry and fighting systems are being developed to meet battle demands. Electronic warfare technology has been included in all defense systems utilized during combat missions due to the development of digital battlefields. As a result of these systems, governments' procurement priorities have shifted to keep up with emerging warfare needs. For example, with numerous terrorist organizations increasingly employing high-tech weapon systems. Several countries across the region are growing their defense spending to incorporate modern electronic warfare systems to protect their borders. The ambition to modernize defensive capabilities is increasing the procurement of electronic warfare systems, which is driving the growth of the electronic warfare market in the region.

 

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 North America electronic warfare market in the coming years. The market is expected to grow at a good CAGR during the forecast period. 

 

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

    

 

North America Electronic Warfare Market Segmentation        

 

The North America electronic warfare market is segmented on the basis of component, application, product type, and country. Based on component, the market is segmented into hardware, software, and services. The hardware segment dominated the market in 2020, and the market for the software segment is expected to grow at the fastest rate during the forecast period. Based on application, the North America 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 the market for the electronic attack segment is expected to grow at the fastest rate during the forecast period.  Based on product type, the North America 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 the market for the countermeasure systems segment is expected to grow at the fastest rate during the forecast period. Based on country, the North America electronic warfare market is segmented into the US, Canada, and Mexico.      

 

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 North America 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 North America 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 North America 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 North America 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