Electronic Warfare Market to Capture a Stunning 12.5% CAGR through 2031

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Electronic Warfare Market to Capture a Stunning 12.5% CAGR through 2031

Electronic Warfare Market to Capture a Stunning 12.5% CAGR through 2031
Skyquest Technology
Electronic Warfare Market Size, Share, Growth Analysis, By Capability(Electronic support (Signals intelligence [Electronic intelligence, Communication intelligence], Other electronic support), Electronic attack (Active), By Platform(Airborne platform (Combat aircraft, Transport aircraft, Special mission aircraft, Military helicopters), By End Use(OEMs, Upgrades), By Region – Industry Forecast 2024-2031

Electronic Warfare Market size was valued at USD 9.60 billion in 2022 and is poised to grow from USD 10.80 billion in 2023 to USD 27.71 billion by 2031, growing at a CAGR of 12.5% during the forecast period (2024-2031).

Electronic Warfare market is increasingly taking the lead over conventional approaches backed by growing tensions due to political clashes, international conflicts, cold wars, and more. Considering the very recent example of the Russia-Ukraine war, the world is witnessing an increased use of electromagnetic and cyber technology. Also, rising regional fights and geopolitical tensions demand better and highly efficient electronic warfare solutions.

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The approaches of changing random frequency or spreading the signal need to be updated. The novel and proven method today is ‘Spread Spectrum’ which avoids communication jamming by enemies. Yet, this is also experiencing evolutions due to superior computational capabilities and novelties in new Algorithms. Besides, several other electronic warfare technologies will see substantial spending, mainly due to the increased aggression by the Chinese and the Russian competencies. In the coming years, advanced and much stronger defense will be demanded by the military and civil aviation domain. In addition, electronics in the military and defense industry are expecting improvement and winning of hi-tech EW systems.

Continuous Advancements in EW technology to hold Promise

Electronic warfare is continuously seeing modernizations with novel technologies, improving the operational competencies of the militaries. In the ever-progressing market, Cognitive Electronic Warfare has seen major improvements owing to innovations in AI and machine learning algorithms. In addition, the directed energy weapons signify a modernized concept that focuses on disturbing or disabling the electronic systems of the enemy with electromagnetic energy. In this ever-progressing sector, the CEW, elongated as Cognitive Electronic Warfare has remarkably advanced due to the incorporation of machine learning algorithms and artificial intelligence. Moreover, Directed Energy Weapons denote a revolutionary concept that emphasizes electromagnetic energy for disabling or disrupting the electronic systems of the opponent. Electronic warfare solutions are also transformed by Software Defined Radios that improve operational adaptability and efficiency. Furthermore, the responsible use of quantum technologies encourages trust and transparency among the fighting opponents. Quantum-enabled radars offer the exact location of targets and quantum key distribution assures secure clear communication channels. These improvements are expected to significantly aid in lessening violence and enduring peace.

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  • In November 2023, L3Harris Technologies received an agreement from the U.S. Navy. It focuses on improving systems to enhance the competencies of electronic warfare on F/A-18 aircraft. This will improve pilot protection against the impending threats. For F/A-18 navy fleet, the company is expected to introduce a next-gen electronic warfare system under $80 million agreement.
  • BAE Systems got a USD 95 million contract from The United States Navy for improved countermeasure pods to safeguard the P-8A Poseidon Multi-Mission Maritime Airplane from missiles and threats, in June 2024. The EW pod efficiently detects and secures inbound risks, guarding the Poseidon along with the crew. It also expands the operating range in challenging surroundings.
  • In January 2023, Northrop Grumman successfully revealed the main components of the firm’s upcoming Ultra-Lite Electronic Attack Prototype System. The revelations were led in association with the United States Naval Research Laboratory aboard the United States Navy Arleigh Burke class destroyer throughout the Navy’s (RIMPAC) Rim of the Pacific exercise.
  • Elbit Systems presented a brand-new and exclusive Electronic Warfare (EW) ability at the Paris Airshow in June 2023. This new feature allows drone identification and detection along with the location of ground troops’ and pilots’ Personal Location Beacons (PLBs). Elbit’s proven Airborne self-protection EW package holds the potential, which includes digital (RWR) Radar Warning Receivers.

 

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Threats in the future will keep pressurizing radar systems and electronic warfare. The enemies will try to create countermeasures against these modern tools and increase the intricacy of cyberattacks. Hence, the security and defense industries must be updated with modernizations and be ready for any challenges.

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