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News

Market outlook for electronic warfare products

Research And Markets : 21 February, 2014  (New Product)
Report examines the global market for electronic warfare products for the rest of the current decade
Market outlook for electronic warfare products

Research and Markets has announced the addition of the "Global Electronic Warfare Market Forecast & Opportunities 2014-2020" (Electronic Support, Electronic Attack and Electronic Protection) report to its offering.

The report provides market analysis of the global electronic warfare market over the next six years. It contains the analysis of drivers, challenges, and restraints impacting the industry. It also discusses the industry, market, and technology trends that are currently prevailing in the electronic warfare market.

It provides the market size of the global electronic warfare market over the next six years and examines the market share by different sub-sectors for each region.

The report tracks, analyzes and lays out the market size of the major defense spenders in each region and provides market share by sub-category namely, Electronic Attack, Electronic Support and Electronic Protection.

The leading competitors in the global electronic warfare market are profiled providing a general overview, details on their financial positions, key products, their unique selling points, and key developments

Key Take-Aways

- The global electronic warfare market is estimated to be $12.15 billion in 2014 and is expected to register a CAGR of 4.24% to reach $15.59 billion by 2020.

- The continuing exploitation of the electromagnetic spectrum will be a driving factor for the electronic warfare sector.

- The market on the whole has numerous competitors who often engage in joint ventures to win major contracts. A typical example would be joint ventures between Lockheed Martin and Raytheon to win contracts in the U.S.

- Austerity leading to defense budget cuts are said to continue at least till 2016 in two major western markets of the United States and the United Kingdom.

- The primary market players are from the United States and Europe; these players have the technical know-how and the technology which has been tried and tested in deployments across Afghanistan, Iraq, and other conflict zones around the world.

- The current trend of the market is its transition towards faster and efficient systems that have the ability to pickup frequency hoping with a reduced time lag.

The report can be purchased directly from Research and Markets here: "Global Electronic Warfare Market Forecast & Opportunities 2014-2020"
 

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