Albany, NY — 12/26/2017 — 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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The Global Electronic Warfare Market 2017-2027 report offers a detailed analysis of the industry, with market size forecasts covering the next ten years. This report will also analyze factors that influence demand for electronic warfare, key market trends, and challenges faced by industry participants.
The global electronic warfare market, valued at US$13.6 billion in 2017, is projected to grow at a CAGR of 2.64% over the forecast period, to reach US$17.7 billion by 2027 and cumulatively value US$169.4 billion. The market consists of three categories: electronic protection, electronic warfare support and electronic attack systems. The market is expected to be dominated by electronic protection systems, which will account for 59% of the market, followed by electronic warfare support and electronic attack systems with shares of 32% and 9% respectively. North America is forecast to dominate the sector with a share of 45%, followed by Asia Pacific and Europe, with shares of 27% and 20% respectively.
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