Unmanned Electronic Warfare Market Developments, Key Growth Drivers, Key Challenges, Forecast 2026
The Unmanned electronic warfare market is projected to grow from an estimated 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. The major growth drivers for this market include rising global concerns, increasing technologies supporting the vehicle dynamics to integrate the electrification in military vehicles, and focus on increasing the fleet size.
The Unmanned electronic warfare market includes major players such as Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Saab AB (Sweden), L3Harris Technologies, Inc. (US), Leonardo SPA (Italy), BAE Systems (UK), Aselsan AS (Turkey), and Textron Systems (US). These players have spread their business across various countries includes North America, Europe, Asia Pacific, Middle East, and Latin America.
“The unmanned aerial vehicle segment of the market is projected to grow at the highest CAGR from 2021 to 2025.”
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 in the battlefield for surveillance and threat detection capabilities is expected to drive the market during the forecast period.
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“Based on operations, the Fully Autonomous segment is projected to grow at the highest CAGR during the forecast period. “
Based on operations, Fully Autonomous segment is projected to grow at the highest CAGR during the forecast period. The requirement of 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.
Growing demand for into identification friend or foe (IFF) systems, radar warning receivers, laser warning systems, IR missile warning systems, direction finders, 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 region is estimated to account for the largest share of the unmanned electronic warfare market in 2021”
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 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 the Unmanned electronic warfare market in the region. Well-established and prominent manufacturers of unmanned electronic warfare systems in this region include Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), L3Harris Technologies, Inc. (US), and Raytheon Technologies Corporation (US).
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The break-up of the profiles of primary participants in the Military vehicle electrification market is as follows:
• By Company Type: Tier 1 – 30%; Tier 2 – 40%; and Tier 3 – 30%
• By Designation: C Level Executives – 40%; Directors – 32%; and Others – 28%
• By Region: North America – 40%; Europe – 15%; Asia Pacific – 40%, Rest of the World – 5%
Major players in the Unmanned electronic warfare market are Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), L3Harris Technologies, Inc. (US), and Raytheon Technologies Corporation (US), BAE Systems (UK), Leonardo SPA (Italy), and Saab AB (Sweden).
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