For the projection period of 2027, it is expected that the electronic warfare market will rise by USD 18,333.4 million.

Market Research Future (MRFR) will be publishing a cooked research report on the “Global Electronic Warfare Market” that contains the information from 2020-2027. 

Market Overview:

Electronic Welfare Market Size is USD 20.43 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4.03% during the forecast period (2023 - 2030).

The rise of cognitive electronic warfare technology, the expanding usage of integrated electronic warfare systems, and the growing need for electronic warfare system upgrades are the main factors driving the growth of the market. However, it is anticipated that electronic warfare market share will be hampered by emerging nations' preference for purchasing conventional warfare weapons over electronic warfare systems and their susceptibility to cyberattacks. Some of the attractive prospects for the market during the anticipated period include deploying electronic warfare capabilities on space platforms and the deployment of UAVs with electronic warfare systems to boost capabilities.

Over the past few years, there has been a tremendous rise in global military spending. Military spending topped USD 2 trillion for the first time in 2021, and it is anticipated that this figure will continue to rise throughout the forecast period. This can be linked to an increase in international conflict and conflicts, the development of new weaponry types, and the rise in demand for cutting-edge defense systems to bolster national security. Systems for electronic warfare have become crucial components of military systems. This is because electronic technology has advanced and is now more advantageous for usage in military systems.

In addition, the development of electronic warfare systems, which are used to find enemy weaponry, has been facilitated by the technological spread of electronic and related military equipment. One of the electronic warfare market trends contributing to the growth of the market is the increasing need for electronic systems integrated with military vehicles and unmanned aerial vehicles (UAV).

Regional Analysis

The markets for electronic warfare in Asia-Pacific, North America, Europe, the Middle East & Africa, and South America have all been researched.

According to the electronic warfare market forecast, in 2021, North America held the biggest market share (43%). The regional market is dominated due to important businesses like Raytheon Technologies Corporation, Northrop Grumman Corporation, and Lockheed Martin Corporation.

Due to rising product demand from armed forces and homeland security organizations, Asia-Pacific is anticipated to see the quickest growth rate in the electronic warfare technology market throughout the review period. Along the borders between India and Pakistan and India and China, as well as in the Indian Ocean, the Himalayas, and the South China Sea, there have been several territorial disputes. To combat the surge in cross-border activities, the forces of these nations and their neighbors have turned to electronic warfare. To improve fighting capabilities, manufacturers are also developing electronic warfare with cutting-edge technologies.

France, the UK, Russia, and Germany considerably contribute to the market expansion in Europe. The European Commission estimates that the EU's GDP increased by 2.4% in 2017 over the previous year and that growth will continue at a 1.8% annual rate through 2035. Numerous terrorist acts have occurred in Europe's UK, and France over the past five years. Additionally, the potential for internal instability is growing due to the surge of illegal immigrants into Europe from nations like Syria, Iraq, and Libya.

Market Segmentation

The electronic warfare market is divided by domain, equipment, and platform.

Based on domain, the electronic warfare market is divided into electronic attack, electronic protection, and electronic support. The electronic support segment had the largest share in 2021 because of the increased threat of improvised explosive devices (IEDs) and sea-based threats.

By on equipment, the market is segmented into jammer, antenna, radar warning receiver, anti-radiation missile, directed energy weapon, counter measure dispenser system (CMDS), self- protection electronic warfare suite, directional infrared countermeasure (DIRCM), and others.

The jammer segment had the largest market share in 2021. It is projected to grow at the fastest CAGR.

Based on platform, the market is segmented into air-based, sea-based, and land-based. The land-based segment had the highest share in 2021. The land-based segment is predicted to grow owing to rising military spending on enhancing the border defense capabilities to combat terrorist attacks

Key Players

The companies that are contributing to the market and keeping up with the electronic warfare market trends are:

• Saab AB (Sweden)


• General Dynamics Corporation (US)


• BAE Systems (UK)


• Raytheon Technologies Corporation (US)


• Lockheed Martin Corporation (US)


• Thales Group (France)


• Northrop Grumman Corporation (US)


• HENSOLDT (Germany)


• Boeing (US)


• Leonardo SpA (Italy)