Naval Electronic warfare Market Size, Share, Growth, and Industry Analysis, By Type (Electronic Support, Electronic Attack and Electronic Protection), By Application (Military and Intelligence Organizations) and Regional Forecast to 2032

NAVAL ELECTRONICS WARFARE MARKET REPORT OVERVIEW

The global naval electronics warfare market size was USD 43.35 billion in 2022 and the market is projected to touch USD 63.5 billion by 2032, exhibiting a CAGR of 3.8% during the forecast period.

Naval Electronic Warfare refers to the use of electromagnetic spectrum, such as radio frequency and signals. It involves different activities such as jamming, intercepting, and deciphering signals. It provides situational awareness to a country and its allies and helps them take defensive measures, get diplomatic insights, and prepare for offensive situations at every level before conflicts arise. The rise in geopolitical tensions and regional conflicts necessitated the adoption of advanced warfare methods. Advanced warfare techniques can also intercept, identify, and decode adversaries' data. They can even project directed energy to disrupt enemy operations.

This factor changes the battlespace, offering the capacity to reinforce mission success and survivability at every stage, prevent armed conflicts before they begin, or reduce the impact and scope of conflicts underway. The rise in the use of technology in warfare has positively driven the electronic warfare market growth.

COVID-19 Impact: Market Growth Restrained by Pandemic due to Supply Chain Disruptions

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The pandemic had a very bad impact on the global naval electronic warfare market. Due to disturbance in supply chains there are shortages of components required for the production which hampered the ongoing operations. The manufacturing units were shut down due to restriction and social distancing as there was shortage of workforce which hampered the ongoing operation. Overall, the market suffered badly but it will recover eventually.

LATEST TRENDS

"Growth in digital transformation to Drive Market Growth"

To increase efficiency, agility, and effectiveness, the use of a variety of cutting-edge technologies in various areas of operation is referred to as 'digital transformation.' Modern electronic warfare systems are becoming more digitized and integrated with broader capabilities of the NetworkCentric Warfare or NCW. This enables real-time data sharing and enhanced situational awareness & coordination in the face of threats.To achieve a decisive advantage on the battlefield, NCW stresses the importance of networking and information exchange between different military units and platforms. Information sharing, decentralized command & control, improved targeting, and interoperability are the key components of the NCW in EW.

NAVAL ELECTRONIC WARFARE MARKET SEGMENTATION

By Type

Based on type the global market can be categorized into Electronic Support, Electronic Attack and Electronic Protection

• Electronic support: the use of electronic systems that starts from detecting to locating the sources of electronic signals refers to electronic support.
• Electronic Attack: The attack on the naval ships by any other sources that can be detected via electronic support system refers to electronic attacks.
• Electronic Protection: They refer to tactics that are formed for the protection of naval ships.

By Application

Based on application the global market can be categorized into Military and Intelligence Organizations

• Military: Militaries of different countries globally hold the major share for naval electronic warfare systems. They are used to detect and locate the enemies and then protect it by making tactics.
• Intelligence Organizations: Intelligence organizations of different countries use the naval electronic warfare systems in their ships to protect the boundary of their nation from attack by any foreign country or terrorist organizations.

DRIVING FACTORS

"Advancement in technology to Boost the Market"

Technology developments are driving the growth of the naval electronic warfare market. These advances have led to the development of more sophisticated and capable electronic warfare systems, which offers greater accuracy, range, and flexibility. Furthermore, high-sensitivity sensors capable of identifying and classifying a wide range of electrical signals, such as radar emissions, communication transmission or others are being incorporated into today's Electronic Countermeasure Systems. The sensors are becoming smaller, more energy efficient, and able to operate across several frequency ranges.In addition, Electronic warfare has improved as a result of advances in digital signal processing and machine learning algorithms. These technologies enable rapid identification and discrimination of threats from various sources, allowing for accurate analysis of complicated signals,further driving the market growth.

"Increasing use of warfare equipment due to cyber operations to Expand the Market"

Another driving factor in the naval electronic warfare market is the increasing use of warfare equipment due to cyber operations. A networked information communication system using an electromagnetic spectrum or a wired connection is an important feature of cyberspace. A common operating environment called the cyber electromagnetic domain, is created by cyberspace and the electromagnetic spectrum. Moreover, adversaries are increasingly integrating cyber capabilities with traditional Electronic Warfare tactics. This has increased the demand for a comprehensive electronic warfare system that can detect, analyze, and respond to both electronic and cyber threats.

RESTRAINING FACTORS

"Complexity related to the integration of electronic warfare systems to Potentially Impede Market Growth"

One of the key restraining factors in the naval electronic warfare market is the complexity that is related to integration of electronic warfare systems. Electronic Warfare systems must be integrated across all different domains for comprehensive situational awareness and effective response. Achieving seamless integration is a challenge that may hamper the market growth.Furthermore, different navy platforms require different power limitations and operational requirements. Designing an Electronic warfare system that can adapt to such a diverse platform imposes a major challenge on tier 1 suppliers. However, advancements in techniques are continuously being explored to address this restraining factor.

NAVAL ELECTRONIC WARFARE MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"North America Region Dominating the Market due to high defense spending"

North America has emerged as the most dominant region in the global naval electronic warfare market share due to several factors. Many leading manufacturers of the electronic warfare systems are present in the region that continuously spend huge amounts for research and development for the advancement in techniques. The Government of the North America region allocates a huge budget to make their defense systems more powerful in the whole world. The government also provides huge amounts of money for the research work so that they can boost their economy, which makes the region more dominant on the global level.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

The naval electronic warfare market is significantly influenced by key industry players that play a pivotal role in driving market dynamics and shaping consumer preferences. These key players possess extensive retail networks and online platforms, providing the naval ships more reliable options. Their strong global presence and brand recognition have contributed to increased trust and loyalty, driving adoption for electronic warfare systems. Moreover, these industry giants continually invest in research and development, introducing innovative designs, materials, and smart features in electronic warfare systems, catering to evolving needs and preferences. The collective efforts of these major players significantly impact the competitive landscape and future trajectory of the market.

List of Top 10 Key Players

• Thales Group: (U.S)
• Raytheon: (U.S)
• Lockheed Martin: (U.S)
• General Dynamics: (U.S)
• Elbit Systems: (Israel)
• L3 Harris Technologies: (U.S)
• Cobham: (UK)
• Mercury Systems: (U.S)
• Saab: (Sweden)
• Hensoldt: (Germany)

INDUSTRIAL DEVELOPMENT

January 2024: evidence of the integration of advanced artificial intelligence and machine learning in naval EW systems expansion of capabilities for threat detection and response.

July 2023: Raytheon Technologies signed a contract with the naval air systems command to support Next-Generation Jammer (NGJ) Mid-Band (MB). The contract was worth USD 26.6 million and included the design, development, and testing of NGJ-MB software.

December 2023: seen a growth in collaboration between defense firms and the navy as defense firms were working with naval forces to develop next-generation electronic countermeasures and jamming capabilities and strategies to improve the performance of naval defense systems against evermore cunning threats.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.