The electronic warfare market size is projected to reach US$ 34.94 billion by 2031 from US$ 20.07 billion in 2023. The market is expected to register a CAGR of 7.2% during 2023–2031. Deployment of sensors in space for improved electronic warfare capabilities is likely to remain a key trend in the market.
The major stakeholders in the global electronic warfare market ecosystem include raw material (hardware & component) providers, electronic warfare manufacturers, government organizations, regulatory bodies, and end customers. Component and hardware providers provide various components & parts to electronic warfare manufacturers. Some of the key electronic warfare manufacturers included in this report include L3Harris Technologies, Inc., Raytheon Technology Corporation, Lockheed Martin Corporation, Saab Ab, BAE Systems Plc, Thales Group, Northrop Grumman Corporation, Cobham Plc (Eaton), Leonardo Spa, And Textron. The key players operating in this market are constantly engaging in the development of electronic warfare systems.
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Top Key Major Players:-
- L3Harris Technologies, Inc.
- Raytheon Technologies Corporation
- Lockheed Martin Corporation
- Saab AB
- BAE Systems
- Thales Group
- Northrop Grumman Corporation
- Cobham Limited
- Leonardo S.p.A.