Electronic Warfare (EW) Market Size, Share, Growth Analysis, By Capability (Support, Attack), Platform (Airborne, Ground), Product (Electronic Warfare Equipment, Operational Support), By End Use (OEM, Upgradation), By Region - Industry Forecast 2024-2031

Global Electronic Warfare Market size was valued at USD 13.3 billion in 2022 and is poised to grow from USD 15.2 billion in 2023 to USD 21.9 billion by 2031, growing at a CAGR of 4.59% during the forecast period (2024-2031). 

Global electronic warfare market is characterized by intense rivalry among a diverse range of industry participants. Companies are actively engaged in mergers, acquisitions, and strategic partnerships to strengthen their market presence and expand their product portfolios. Emphasis is placed on research and development activities to introduce innovative solutions that offer enhanced capabilities. Additionally, companies are focusing on collaborations with government agencies and defense organizations to secure contracts and establish long-term relationships. The competitive landscape is dynamic, with players striving to gain a competitive edge through technological advancements and efficient customer support services. 'BAE Systems (UK) ', 'Lockheed Martin Corporation (US) ', 'Northrop Grumman Corporation (US) ', 'Thales Group (France) ', 'Saab AB (Sweden) ', 'L3Harris Technologies, Inc. (US) ', 'Leonardo S.p.A. (Italy) ', 'Elbit Systems Ltd. (Israel) ', 'Israel Aerospace Industries Ltd. (Israel) ', 'Rheinmetall AG (Germany) ', '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) ', 'Leidos Holdings, Inc. (US) ', 'Hensoldt AG (Germany) ', 'Thyssenkrupp AG (Germany) ', 'QinetiQ Group plc (UK) '

One significant driver propelling the growth of the electronic warfare market is the increasing adoption of advanced electronic and associated equipment, as well as weapon systems. The widespread use of these technologies has created a demand for electronic warfare systems that can detect and counter potential threats effectively. As a result, defense organizations and military forces are investing in electronic warfare capabilities to ensure enhanced situational awareness and protection against evolving electromagnetic threats. 

One of the trends in the electronic warfare market is the work on the integration of artificial intelligence in the electronic warfare systems. This makes AI beneficial for decision-making purposes, the automation of various processes, and an increase in the effectiveness of the electronic warfare operations. The incorporation of AI algorithms for threat detection, target recognition, and dynamic response systems will improve the perception of environments and reaction time. This tendency demonstrates the increasing concern of the scientific community with the potentials of AI in enhancing the capacity and efficiency of electronic warfare systems in such challenging contexts.

North America dominated the electronic warfare market, driven by the presence of established defense industries, technological advancements, and high defense spending. The region is home to major players in the market, including leading defense contractors and manufacturers. The United States, in particular, plays a crucial role in shaping the market dynamics due to its robust defense capabilities and significant investments in electronic warfare systems. The country's military modernization programs and focus on maintaining technological superiority contribute to the dominance of North America in the market.