Electronic Warfare Market to offer a healthy CAGR of 5.2% during 2020-25
February 07, 2020
Electronic Warfare Market Overview:
Electronic Warfare Market is likely to witness an impressive CAGR of 5.2% during the forecast period. Defense modernization agendas and rising procurement of sophisticated electronic warfare systems are estimated to drive the global electronic warfare market.
Report Overview:
This new report from Stratview Research analyses the Electronic Warfare Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Electronic Warfare Market Segment Insights:
Electronic Support Segment: The growth engine
Based on the capability type, the market is segmented as electronic support, electronic attack, and electronic protection. The electronic support segment is expected to register the highest growth in the coming five years. This high growth rate is owing to the rising engagement of modern warfare techniques in the emerging economies in the Asia-Pacific and the Middle Eastern regions.
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https://www.stratviewresearch.com/toc/740/electronic-warfare-market.html
Dominance of: Space and Electronic Warfare Equipment
Based on the platform type, the market is segmented as airborne, ground, naval, and space. The space segment is estimated to remain dominant during the forecast period driven by the growing use of satellite-based electronic warfare equipment for various military applications.
Based on the product type, the market is segmented as electronic warfare equipment and electronic warfare operational support. The electronic warfare equipment segment is anticipated to depict a higher growth due to the augmenting procurement of electronic warfare equipment in military ships and aircraft triggered by the merits such as advance electronic protection and electronic support applications.
A highly/moderately/fragment consolidated Market
Some of the major players in the electronic warfare market are BAE Systems plc, Elbit Systems Ltd., General Dynamics Corporation, Harris, Israel Aerospace Industries, Lockheed Martin Corporation, Rockwell Collins, Saab Automobile AB, Teledyne Technologies, Inc., and Thales Group.
Regional Hegemony of North America
In terms of regions, the North American region accounted for the largest share of the market for electronic warfare in 2018. Factors such as territorial disputes, rising insurgencies, terrorism, unrest between neighboring countries, and political acrimonies in the region are also driving the EW market growth in this region. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
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