EW: Key market research findings
- Need for EW in UAVs drives market growth
- Americas dominate the market geographically
- Key vendors – BAE, General Dynamics, Lockheed Martin, Northrop Grumann, and Raytheon
Technavio’s market research analysts predict the global EW market to grow at a CAGR of around 4% between 2016 and 2020. The high requirement for electronic warfare (EW) in unmanned aerial vehicles (UAVs) is the driving force behind growth in this market. The global demand for UAVs is on a rise owing to their wide range of applications in the civil, commercial, and military market. The use of unmanned EW disregards the risk to the pilot’s life, and its longer endurance time gives greater coverage when compared to that of a manned aircraft. UAVs and EW share a synergistic relationship, where UAVs play a vital role in the execution of EW campaigns and EW, in turn, protects UAVs. At present, the Americas account for around 40% of the market share to dominate the global EW market. Factors like the growing need for intelligence, surveillance, and reconnaissance (ISR) capabilities, protection from various weapons using electronic countermeasures, and the need for improvement in lethal attacks against enemies are likely to contribute to growth in the EW market in the Americas during the forecast period.
The new market research report from Technavio presents a breakdown and analysis of the EW segments based on platforms.
“The adoption of openRFM architectures is the latest trend in the global EW market. OpenRFM is a modular and open architecture system that conglomerates hardware, firmware, and software that can be applied to EW and signals intelligence (SIGINT). Open systems architecture within technologies that support RF and microwave-based EW applications allow better interoperability, cost certainty, risk mitigation, affordability, and technological improvement, partly because of the advent and adoption of OpenVPX standard,” says Abhay Kumar Singh, Lead Analyst, Aerospace & Defense, Technavio Research.
During 2015, the airborne segment accounted for around 40% of the market space to dominate the global EW market. Growing aerial threats and budget limitations from governments worldwide have caused the global defense forces to strengthen their defense systems by employing advanced airborne EW systems. As a result, several governments are likely to spend huge sums in upgrading the EW systems, thereby boosting growth in the airborne EW market in the coming years.
The key vendors in the global EW market include BAE, General Dynamics, Lockheed Martin, Northrop Grumann, and Raytheon. In this market research, analysts have observed that the international players in this market are increasing their footprint by bolstering their capital for infrastructure and R&D activities. Consequently, the regional vendors are finding it difficult to compete with them in terms of product reliability, weight, size, and price. The competitive environment in the market is likely to intensify due to an increase in product/service extensions, technological innovations, and M&A.
A more detailed analysis is available in the Technavio report, Global EW Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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