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Electronic Warfare Market Share

Report ID: GMI9162
Published Date: Apr 2024
Report Format: PDF

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Electronic Warfare Market Share

BAE Systems and Lockheed Martin Corporation hold a significant market share of over 26% in the market. Companies are augmenting their market presence by leveraging innovation and strategic partnerships. Through intensive research and development, these firms introduce cutting-edge technologies that meet evolving defense needs. Additionally, strategic collaborations with governments and defense agencies worldwide enable these companies to tap into new markets and offer comprehensive electronic warfare solutions. By staying at the forefront of technological advancements and forging key alliances, these firms are solidifying their position and capturing a larger share of the electronic warfare industry.

Furthermore, an increased focus on customer-centric approaches is driving companies to tailor their offerings to specific military requirements. By understanding the unique needs of different armed forces, these firms are developing customized electronic warfare solutions. This customer-centric approach enhances product efficacy and fosters long-term relationships with military clients. These efforts strengthen their market presence and instill confidence in customers, further propelling growth in the electronic warfare industry.

Electronic Warfare Market Companies

Major players operating in the market are:

BAE Systems
Boeing Company
Elbit Systems Ltd.
Harris Corporation
L3Harris Technologies, Inc.
Lockheed Martin Corporation
Northrop Grumman
Rheinmetall AG
RTX
Thales

Authors: Suraj Gujar, Partha Paul

Frequently Asked Questions (FAQ) :

Industry size for electronic warfare recorded USD 29 billion in 2023 and is expected to depict over 4% CAGR from 2024 to 2032, owing to the integration of electronic warfare with other domains such as air, land, sea, and space

The air borne platform segment in the electronic warfare industry is estimated to be worth over USD 18 billion by 2032, due to its pivotal role in modern aerial operations and its unmatched versatility and mobility.

North America industry accumulated over 40% share in 2023 and is projected to expand at substantial rate between 2024 and 2032, on account of the robust defense infrastructure and strategic investments.

BAE Systems, Boeing Company, Elbit Systems Ltd., Harris Corporation, L3Harris Technologies, Inc., Lockheed Martin Corporation, Northrop Grumman, Rheinmetall AG, RTX, and Thales are some of the major electronic warfare companies worldwide.