Global Electronic Warfare Market by Type, and Platform - Global Forecast 2024-2031

The global electronic warfare market is projected to witness notable growth owing to the rising focus on cognitive electronic warfare technologies. The market value stood at USD 19.70 Billion in 2022 and is expected to grow from USD 20.72 Billion in 2023 to reach USD 29.55 Billion by the end of 2031. Positive market growth is expected in the upcoming years due to improvements in electronics technology and the growing use of laser, infrared, and electro-optic technologies. The strategic environment for military personnel now includes electronic warfare, and market growth is expected due to cold wars, political unrest, and territorial disputes.

Electronic Support to Hold Dominant Share in Type Segment

The process of users engaging with voice assistants has been revolutionised by the incorporation of Electronic Support (ES) in the Global Voice Assistant Application Market, which is a significant innovation. By offering real-time assistance and feedback, ES improves the functionality of voice assistants while maximising customer happiness. Voice assistants can now anticipate user demands, provide individualised advice, and easily interface with a wide range of gadgets and apps thanks to this breakthrough. Electronic Support's ability to improve the overall performance and dependability of voice assistant technology accounts for its supremacy in this sector. Voice assistants can become even more useful tools in today's digital world by using ES capabilities to handle instructions and inquiries, respond to users' requests more accurately, and adjust to their preferences. The quick development of directed energy weapons, anti-radiation missiles, and sophisticated jamming techniques are just a few examples of the electronic warfare technologies that are driving the market's EA segment's explosive expansion.

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North America to Lead with Major Revenue from United Sates of America

Due to the existence of well-established defence firms, technological developments, and significant defence spending, North America led the electronic warfare market. Major market participants, such as top defence contractors and manufacturers, are based in the area. Because of its strong defence capabilities and large investments in electronic warfare equipment, the United States has a big influence on the dynamics of the market. North America's hegemony in the market is a result of the nation's pursuit of technological superiority and military modernization initiatives. The market for electronic warfare is expanding quickly in the Asia-Pacific area. To preserve a competitive edge and secure regional security, nations such as China, India, and Japan are actively investing in modernising their military capabilities, particularly electronic warfare. APAC is the fastest-growing market for electronic warfare, which is attributed to the region's increasing military modernization initiatives, electronic technology developments, and increased use of unmanned systems.

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List of Prominent Players in the Global Electronic Warfare Market includes BAE Systems (UK), Lockheed Martin Corporation (US), Raytheon Company (US), Northrop Grumman Corporation (US), Thales Group (France), Saab AB (Sweden), L3Harris Technologies, Inc. (US), Leonardo S.p.A. (Italy), Harris Corporation (US), Elbit Systems Ltd. (Israel), Israel Aerospace Industries Ltd. (Israel), Rheinmetall AG (Germany), Cobham plc (UK), FLIR Systems, Inc. (US), Teledyne Technologies Incorporated (US), Kratos Defense & Security Solutions, Inc. (US), Mercury Systems, Inc. (US), Airbus Defense and Space (France), General Dynamics Corporation (US), Electronic Warfare Associates, Inc. (US). The growing emphasis on creating and incorporating artificial intelligence (AI) capabilities into electronic warfare systems is one significant industry trend in the global electronic warfare market.

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