The global electronic warfare market is projected to witness significant growth in the coming years, according to a report by SkyQuest. The market, valued at USD 9.60 billion in 2022, is expected to reach USD 27.71 billion by 2031, growing at a CAGR of 12.5% during the forecast period (2024-2031). This growth can be attributed to the rapid advancements in electronic warfare systems, the increasing need for electronic protection capabilities, and a focus on directed energy weapons.
The report highlights the growing importance of situational awareness and information superiority, which has led to increased investment in the electronic warfare market. As the cyber, electronic, and optical domains continue to evolve, there is a growing need for advancements in warfighting methods. This has resulted in a significant demand for fresh equipment in these domains, driving the market’s growth.
One of the key drivers for the electronic warfare market is the integration of electronic warfare systems and stealth technology in military machines. While stealth technology alone is insufficient to combat threats, the incorporation of electronic warfare systems enhances the capabilities of military equipment. This need for enhanced defense capabilities is expected to drive the demand for warfare systems in the market.
The report further segments the electronic warfare market based on capability, platform, product, and end-use. The electronic support segment, which includes signals intelligence and other electronic support capabilities, is expected to propel the market due to increased demand from the air force and navy. The electronic attack segment, driven by advancements in technology and emerging risks in electronic warfare, is projected to be the fastest-growing segment.
Among the different platforms, the airborne segment holds a majority market share, driven by the increasing use of electronic warfare systems in air force aircraft and unmanned aerial vehicles. The benefits of maneuverability, large area coverage, and swift reaction time make airborne systems indispensable in modern warfare. The vehicle segment is expected to be the fastest-growing, driven by the applications of tactical electronic warfare systems in defending against unmanned systems and guided weapons.
The jammer segment dominates the market, owing to the high efficiency of improved jamming solutions in disrupting enemy surveillance and targeting systems. The infrared missile warning system segment is also expected to grow, as it enhances countermeasure capabilities in electronic warfare systems.
Looking ahead, the report suggests that the integration of artificial intelligence and machine learning will play a crucial role in the future of electronic warfare. The market is expected to witness steady improvements in space-based assets, quantum technologies, and cognitive radio integrated with AI. However, the report also emphasizes the need for realistic expectations and the complexity of technological advancements.
In conclusion, the global electronic warfare market is poised for significant growth in the coming years, driven by advancements in technology and the increasing military needs for electronic protection and situational awareness. The integration of electronic warfare systems and stealth technology in military machines, along with the use of AI and machine learning, will play a crucial role in shaping the future of electronic warfare.
About SkyQuest:
SkyQuest is an IP-focused Research and Investment Bank and Accelerator of Technology and assets. They provide access to technologies, markets, and finance across various sectors, including Life Sciences, CleanTech, AgriTech, NanoTech, and Information & Communication Technology.