Unmanned Electronic Warfare Market 2026: the Report Gives Immense Knowledge of the Competitive Nature of Key Players

Posted by Amrut Mahajani on February 9th, 2023

Unmanned Electronic Warfare Market

The report provides an analysis of the Unmanned Electronic Warfare Market from 2018 to 2026. It discusses industry and technology trends currently prevailing in the market, along with drivers, restraints, challenges, and opportunities that influence the growth of the market. The unmanned electronic warfare market is projected to grow from USD 685 million in 2021 to USD 847 million by 2026, at a CAGR of 4.3% in terms of value during the forecasted period of 2021 to 2026. The Unmanned Electronic Warfare market in the North America, Europe, and Asia Pacific regions is expected to witness substantial growth during the forecast period due to the growing emphasis on modernizing existing defense capabilities.

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Based on the platform, the unmanned aerial vehicle segment is projected to grow at the highest CAGR during the forecast period. The growth in the unmanned electronic warfare market is expected to drive the growth of the three platforms proportionately. The requirement of unmanned aerial vehicles on the battlefield for surveillance and threat detection capabilities is expected to drive the market during the forecast period.

Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Thales Group (France), L3Harris Technologies, Inc. (US), BAE Systems (UK), and Saab Ab (Sweden) are some of the key players in unmanned electronic warfare market.

Based on operation, the autonomous/semi-autonomous segment is projected to grow at the highest CAGR during the forecast period. The risk of eliminating human loss and increasing the capabilities and efficiency of vehicles is expected to drive the growth of the Military Vehicle Electrification market.

Based on operations, the Fully Autonomous segment is projected to grow at the highest CAGR during the forecast period. The requirement for autonomous vehicles that help in reducing human loss and increasing capabilities, and investments in R&D towards these systems are helping the growth of the market for fully autonomous Unmanned electronic warfare systems

Based on product, the unmanned electronic warfare equipment segment is projected to grow at the highest CAGR during the forecast period. The Growing demand for identification friend or foe (IFF) systems, radar warning receivers, laser warning systems, IR missile warning systems, direction finders, and directed energy weapon systems due to their high demand for countermeasure applications are projected to increase the growth of the unmanned electronic warfare market.

The North America Unmanned Electronic warfare market is projected to grow at the highest CAGR during the forecast period. The growth of the North America Unmanned Electronic warfare market is primarily driven by an increasing focus on increasing investments in unmanned electronic warfare technologies by countries in this region. In addition, factors including increasing geopolitical tensions and increased defense-related expenditure are expected to drive the demand for an Unmanned electronic warfare market in the region.

Key players such as Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), L3Harris Technologies, Inc. (US), Raytheon Technologies Corporation (US), Leonardo SPA(Italy), Saab AB (Sweden) are the major industry players for the Unmanned Electronic warfare market.

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Amrut Mahajani

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Amrut Mahajani
Joined: January 30th, 2023
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