Global Electronic Warfare Market: Key Highlights
Global Electronic Warfare Market: Key Market Dynamics
Global Electronic Warfare Market: Regional Overview
Asia-Pacific is expected to have the highest growth rate during the forecast period. The growth is mainly driven by increasing investments in the development of electronic warfare systems, growing economy, regional territorial disputes, and R&D activities in this region. The growth in military spending of this region is the major driver for the growth in the electronic warfare market. In 2018, China was the second-largest spender in the world by reaching military spending up to USD 250 billion.
In Europe, the growth is driven by high investment in procurement and developing electronic warfare systems. UK, France, Russia, and Germany are the leading countries for investing in electronic warfare technologies. Additionally, the presence of prominent players such as Leonardo S.p.A., Saab AB, Thales Group and BAE Systems in this region is driving the market growth.
Global Electronic Warfare Market: Key Players Overview
Northrop Grumman Corporation. is a US-based company, engaged in manufacturing weapons and provides products, systems, and solutions in aerospace, information systems, electronic and technical services. In April 2019, the company partnered with US Air force to deliver Cyber Enterprise Services which will help to identify and implement cyber capabilities on the United Platform to further enable effectiveness and efficiency of cyber missions.
Saab AB is a Sweden-based company, which specializes in manufacturing, delivering and developing advanced products for the defense sector. The company’s product portfolio includes command and control systems, defense technology, military, and commercial aircraft, missiles, technical services, and space equipment. In November 2019, it developed a new advanced electronic attack Jammer Pod (EAJP) with a successful outcome. This was the company’s strategy to protect aircraft against radars by using jamming functions and blocking opponents' attacks.
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