Electronic Warfare Market Size and Trends

The electronic warfare market is estimated to be valued at USD 19.56 Billion in 2025 and is expected to reach USD 29.43 Billion by 2032, growing at a compound annual growth rate (CAGR) of 6.0% from 2025 to 2032.

Electronic Warfare Market Key Factors

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The market is expected to witness high growth over the forecast period owing to increasing defense budget allocation for advanced electronic warfare equipment by various countries like US, Germany, etc.. With increasing geopolitical tensions, the demand for effective surveillance and protection has increased. Key players are investing heavily in research and development for the introduction of technologically-advanced solutions like cognitive Electronic Warfare. Integrating EW capabilities on various defense platforms like aircraft, naval ships, and land-based vehicles has driven the growth of the electronic warfare market. The adoption of EW is critical in modern warfare especially with increasing asymmetric threats and inter-country conflicts. Advancements in the fields of radar, communication intelligence, and radio frequency identification are expected to drive opportunities in the coming years.

Improving Adversarial Capabilities

With evolving geo-political tensions and increasingly sophisticated technologies being developed by various nation states, maintaining military supremacy is becoming all the more critical. While advanced nations have historically held an edge in electronic warfare capabilities, the gap seems to be narrowing at a far quicker pace than before. Countries across Asia and the Middle East that were traditionally not considered strong military powers are making heavy investments in this domain to bolster their defense systems. They are procuring latest generation jammers, intelligence gathering systems as well as offensive cyber weapons to enhance their strategic and tactical abilities. Further, state actors are also relying on covert hacking groups and private military contractors to intensify hybrid warfare techniques.

In March 2022, BAE Systems which is a multinational arms, security and aerospace company, announced the introduction of a new electronic warfare (EW) suite called Storm EW Modules. This technology provides both offensive and defensive capabilities and is designed to be adaptable for use across the U.S. and allied fleets. It can be integrated into guided missiles, unmanned aerial vehicles, fixed-wing aircraft, and helicopters.