The Global Electronic Warfare Market 2016-2026
The Global Electronic Warfare Market 2016-2026
The Global Electronic Warfare Market 2016-2026 report offers a detailed analysis of the industry, with market size forecasts covering the next ten years. The global electronic warfare market, valued at US $ 14.4 billion in 2016, is projected to grow at a CAGR of 3.13 % over the forecast period, to reach US $ 19.6 billion by 2026. This report will also analyze factors that influence demand for electronic warfare, key market trends, and challenges faced by industry participants.
The demand for electronic warfare systems is anticipated to be driven by rapid technological advancements in the domain and the growing need for intelligence, surveillance, and reconnaissance( ISR) capabilities in militaries globally. Modern warfare places a greater emphasis on information superiority and situational awareness, and this is expected to be a major factor driving spending in this sector. This theory is further supported by increasing investments by most major militaries across the world, which focus on acquiring electronic warfare systems for airborne, ground based and naval platforms.
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