Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Electronic Countermeasures Market size was over USD 19.9 billion in 2024 and is anticipated to cross USD 38.46 billion by 2037, witnessing more than 5.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of electronic countermeasures is assessed at USD 20.78 billion.
With rise in geo-political tensions around the world, homeland security has gained utmost importance. Electronic countermeasures systems play an important role in defensive as well as offensive roles. Owing to these factors,
Electronic Countermeasures Sector: Growth Drivers and Challenges
Growth Drivers
Increasing Regional and Transnational Instability
Recent times have seen military confrontations in many regions across the world. Rising uncertainties and regional instabilities is predicted to drive the market growth during the forecast period as countries prepare to secure their territories. Moreover, the ability of electronic countermeasure system to detect the stealth aircrafts and naval vessels is further estimated to result in the market growth.
Focus on Developing Cognitive Electronic Warfare Technology
Many developed and developing countries in the world are focusing on developing cognitive electronic warfare technologies as these have an edge over the traditionally employed technologies. A well planned use of these technologies could decide the outcome of a conflict. Increasing investment in electronic countermeasures research and development to invent sophisticated technology that helps in enhancing end product performance is projected to drive the market growth in future.
Growth in System Reliability and Efficiency
Electronic countermeasures technology has become increasingly reliable and efficient over the years as a result of rising usage of travelling wave tube based solutions. Various countries are heavily dependent upon them for their safety and security which is anticipated to boost the market growth in the coming years.
Use of Sophisticated Technology for Business Development
electronic countermeasures market is anticipated to grow on the back of increasing use of sophisticated business intelligence technology, strategic management and machine learning. Important decisions such as pricing, marketing, finance and sales need to be taken through usage of analytical tools driven by data which is further expected to drive the market growth. Additionally, Unmanned Aerial Vehicles (UAVs) are becoming popular everyday among the defense forces, which is predicted to lead to the growth of market.
Challenges
High Cost of Device
When the technology involved in developing the electronic countermeasures becomes increasingly advanced, the cost of innovation is predicted to increase significantly. The cost of the skilled labor involved in developing such technologies may increase as well in the coming years, which is predicted to negatively affect the market growth during the forecast period. In current times of political volatility, trade wars and economic uncertainty, the overall market growth is estimated to be hampered.
Electronic Countermeasures Market: Key Insights
Electronic Countermeasures Segmentation
The market is segmented by platform into ground based, naval and airborne. The airborne segment is anticipated to hold the leading share in the market as well as grow at the highest rate over the forecast period on the back of rising usage of electronic countermeasures system integrated with unmanned aerial vehicles.
Our in-depth analysis of the global market includes the following segments:
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Customize this ReportElectronic Countermeasures Industry - Regional Synopsis
On the basis of regional analysis, the electronic countermeasures market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America industry is likely to hold largest revenue share by 2037, backed by high investments in electronic countermeasures system by the United States Department of Defense. Moreover, the markets in Asia Pacific and Middle East & Africa are anticipated to record the highest CAGR on the back of rising transnational tensions and heavy investment in electronic countermeasure systems.
Companies Dominating the Electronic Countermeasures Landscape
- Lockheed Martin
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Mercury Systems Inc.
- Ultra Electronics
- BAE Systems
- Northrop Grumman
- Raytheon
- Saab AB
- Israel Aerospace Industries Ltd.
- L3 Technologies
- Thales Group
In the News
- May 07, 2020: The Research and Development wing of the Israeli Defense Ministry announced that they are spearheading a program to develop a cure for COVID-19. Israel Aerospace Industries have converted electro optical sensor system and radar into a device that can take the patient’s vital signs without touching them.
Author Credits: Dhruv Bhatia
- Report ID: 2552
- Published Date: Dec 23, 2024
- Report Format: PDF, PPT