Electronic Warfare Market - Global Industry
Analysis, Size, Share, Growth, Trends, and
Forecast 2016 - 2024
Electronic warfare involves the use of electromagnetic spectrum or direct energy
weapons. These are used to control the spectrum or an enemy attack. Electronic
warfare ensures uninterrupted access to the electromagnetic spectrum. The market
is expected to grow steadily during the forecast period.
The global electronic warfare market is being driven by several factors such as
ongoing development in electromagnetic spectrum and increasing transnational
disputes. Furthermore, the increasing adoption of visual and infrared technology in
defense is also aiding to the growth of electronic warfare globally. Furthermore the
rising concern of transnational disputes and cross border terrorism has resulted into
the need for constant surveillance of the territories. In addition, the need for real
time information is required to safeguard the national borders round the clock.
Implementation of electronic warfare is helping with catering to the demand for
intelligence, surveillance and reconnaissance (ISR) capabilities. In addition,
electronic warfare also helps in providing situational awareness to the defense
forces during transnational disputes. Furthermore, the constant up gradation of the
defense capabilities by developing nations like India and China is expected to surge
the demand for electronic warfare during the forecast period.
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warfare-market.html
However, there are certain factors limiting the growth of the market. Due to
economic crisis in developed regions like North America and Europe, there is
decrease in the defense budget which is pulling the demand for electronic warfare
by defense agencies. In addition, the current electronic warfare systems are not
equipped to tackle multiple threats. Hence, in times of major unrest, the system will
not be effective. This is another factor limiting the demand for electronic warfare
presently. Furthermore, the cost of implementing the system is high which is acting
as a restrain for the market currently. Nevertheless, ongoing technological
innovation in electromagnetic spectrum is expected to reduce the cost of these
systems in future.
Further going into the study, the electronic warfare market will also include the
porter’s five factors to get a better understanding of the macro factors affecting the
global market. In addition, the key trends will also be looked into in order to
understand the market behavior in future. The global market is witnessing intense