Global Electronic Warfare Market 2020

"Presence of Numerous Industry Giants to Favor Growth in Europe"

Geographically, North America held USD 9.28 billion in terms of revenue in 2018. This growth is attributable to the rising terrorism, as well as political and territorial disputes occurring in this region. In addition to that, the U.S. Department of Defense (DoD) is set to invest approximately USD 25.8 billion in the research, development, test, and evaluation (RDT&E) in the coming years. Also, it is planning to spend around USD 27.8 billion to procure electronic warfare systems. It would also propel the market growth in this region.

The global electronic warfare market is anticipated to gain momentum from the ever-increasing technological advancements and the rising adoption of cyber EW worldwide.

Europe, on the other hand, is set to remain in the second position stoked by the presence of major companies, such as Saab AB, BAE Systems, and Thales Group in this region. Also, the rising investments in the development and procurement of electronic warfare systems would augment growth. Asia Pacific would exhibit rapid growth backed by the need to enhance the warfighting capabilities of the defense forces in the developing countries, such as India and China.

"Renowned Companies Focus on Receiving New Contracts from Defense Forces"

The market is fragmented with the presence of a large number of companies worldwide. Amongst them, Lockheed Martin Corporation is in the top position on account of its persistent research and development activities to unveil state-of-the-art products in the market. Nowadays, several companies are focusing on bagging new contracts from government agencies to deliver their in-house products.

This Report Answers the Following Questions:

• What are the current market trends?
• What are the challenges and opportunities in the market?
• Which segment is set to dominate the market?
• How are the companies trying to generate sales of EW to compete in the market?

List of the Key Companies Profiled in this Report are as follows:-

• BAE Systems (the U.K.)
• Lockheed Martin Corporation (The U.S.)
• Raytheon Company (The U.S.)
• General Dynamics Corporation (The U.S.)
• L3Harris Technologies Inc. (The U.S.)
• The Boeing Company (The U.S.)
• Thales Group (France)
• Leonardo SPA (Italy)
• Northrop Grumman Corporation (The U.S.)
• Saab AB (Sweden)
• Teledyne Technologies (The U.S.)
• Israel Aerospace Industries (Israel)
• Cobham PLC (The U.K.)

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Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. US: +1 424 253 0390 UK: +44 2071 939123 Email: sales@fortunebusinessinsights.com