Steady growth for electronic warfare market

May 20, 2016 // By Jean-Pierre Joosting
Marketing firm RnRMarketResearch predicts that the worldwide electronic warfare market will grow at a CAGR of 4.29% during the forecast period of 2016 to 2021 to reach $ 25.36 billion by 2021 with the electronic support segment leading the overall EW market growth.

The growing number of wars and transnational disputes, emergence of cognitive electronic warfare technology, increased system reliability and efficiency due to the introduction of TWT (travelling-wave tube)-based systems, and advancements due to integrated electronic warfare systems are the factors driving the market.

According the the firm, the electronic support is the largest share-contributing segment in the electronic warfare market. This segment plays a significant role in recognizing the threats in tactical environment.

In 2016, the North America region dominates the electronic warfare market, whereas, the Asia-Pacific region is projected to grow at the highest CAGR during the forecast period. This is mainly attributed to huge population base, booming economy, increasing funding/investments towards the development of EW products, growing focus of both, international and domestic players on the APAC EW market, and a large number of R&D activities.

www.rnrmarketresearch.com