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The Electronic Warfare Market is likely to witness an impressive CAGR of 6.7% during the forecast period. The prime factor that is contributing to the demand for Electronic Warfare is the increasing demand for Electronic Warfare in various industries.
This report on the Electronic Warfare Market has been put together covering various companies of the industry from different geographies. The study is a perfect blend of qualitative and quantitative research highlighting vital market developments, challenges and competition that the industry might face, along with opportunities and trends available in the Electronic Warfare Market. The report intends to present a thorough analysis of the Electronic Warfare Market and provide cutting-edge market intelligence to help decision makers undertake a sound investment evaluation. Besides, the report also classifies and analyses the emerging trends along with major growth drivers.
Electronic Warfare Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges act as extrinsic factors affecting the market. The report aims at answering several key questions concerning the overall profitability in the market.
Few key players operating in the Electronic Warfare Market are-
BAE Systems plc
Elbit Systems Ltd.
General Dynamics Corporation
Harris
Israel Aerospace Industries
Lockheed Martin Corporation
Rockwell Collins
Saab Automobile AB
Teledyne Technologies, Inc.
Thales Group.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Electronic Warfare Market value and growth drivers over the trend period of 2022-27. According to the report -
Electronic Warfare Market is likely to witness an impressive CAGR of 5.2% during the forecast period. Defense modernization agendas and rising procurement of sophisticated electronic warfare systems are estimated to drive the global electronic warfare market.
Segment Analysis:
Based On Platform Type:
Based on the platform type, the market is segmented as airborne, ground, naval, and space. The space segment is estimated to remain dominant during the forecast period driven by the growing use of satellite-based electronic warfare equipment for various military applications.
Based on Region:
In terms of regions, the North American region accounted for the largest share of the market for electronic warfare in 2018. Factors such as territorial disputes, rising insurgencies, terrorism, unrest between neighboring countries, and political acrimonies in the region are also driving the EW market growth in this region. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
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