Global Electronic Warfare Aircraft Market - Growth, Trends, and Forecast (2018 - 2023)
Rapid Advances in Electronic Warfare is Set to Drive the Global Market
The global electronic warfare aircraft market is expected to register a slow growth during the forecast period. It was valued at approximately USD 14 Billion in 2016. Rapid advances in electronic warfare through R&D is expected to be one of the major drivers of the market. Another major factor that is likely to drive the market in the next decade is the increasing demand for Intelligence, Surveillance, and Reconnaissance equipment among military organizations around the globe.
Moreover, increasing investment to develop and manufacture electronic warfare systems in the airborne, ground, and naval domains is driving the market too. The US Navy has also contracted Raytheon Co. to develop a unique electronic program called Next Generation Jammer (NGJ). The Defense Research Projects Agency in the US is working on the Adaptive Radar Countermeasures program, which can be used to battle enemy adaptive radar systems.
October 2017 - Harris Corporation has been awarded a $161 million contract modification to supply the next production lot of electronic jammers to protect US. Navy and Australian F/A-18 Hornet
Major Players: Key vendors operating in the market are RAYTHEON, BOEING, GENERAL ATOMICS AERONAUTICAL SYSTEMS, ALARIS HOLDINGS, AND IZT'S are amongst others
Reasons to Purchase this Report:
To study current and future market outlook in the developed and emerging markets
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
Detailed study of the segment that is expected to dominate the market
Regions that are expected to witness fastest growth during the forecast period
Identifying the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet (in excel)
Report Customization and Benefits:
This report can be customized to meet the desired requirements. Please connect with our analyst, who will ensure that you get a report that suits your needs.
Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.