LONDON--(BUSINESS WIRE)--The global electronic warfare market is expected to post a CAGR of over 5% during the period 2018-2022, according to the latest market research report by Technavio.
A key factor driving the growth of the market is the increasing use of UAVs in electronic warfare. The growing demand for UAVs worldwide is attributable to their varied applications in the military, civil, and commercial sectors; UAVs are extensively used for missions that are unsafe for manned aircraft. The use of unmanned electronic warfare systems helps in eliminating the risk to the pilot or operator’s life, and the long endurance time offers relatively greater coverage as compared to conventional manned aerial vehicles.
This market research report on the global electronic warfare market 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
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In this report, Technavio highlights the adoption of OpenRFM architecture as one of the key emerging trends in the global electronic warfare market:
Global electronic warfare market: Adoption of OpenRFM architecture
In the past few years, the application of open systems architecture that supports RF and microwave technology in electronic warfare has witnessed rapid progress. These kinds of developments enable better interoperability, cost certainty, risk mitigation, and affordability. Such developments have been made possible due to technological innovations and the advent and adoption of OpenVPX standard which allows the design and implementation of high-speed and high-power switched fabric-based system.
“The increasing sophistication of electronic warfare and EA missions and related programs have demanded the growth of the lower band RF and higher frequency RF, along with microwave technologies. OpenRFM is one such modular and open architecture developed to combine hardware, firmware, and software that can be applied to electronic warfare and SIGINT. OpenRFM is a standardized, scalable approach that allows prime contractors to improve the existing applications to act against the evolving threats,” says a senior analyst at Technavio for research on defense.
Global electronic warfare market: Segmentation analysis
This market research report segments the global electronic warfare market by application (protection, support, and attack) and geographical regions (APAC, EMEA, and the Americas).
The protection segment held the largest market share in 2017, accounting for nearly 49% of the market. This application segment is expected to dominate the global market throughout the forecast period.
The Americas led the market in 2017 with a market share of nearly 43%. This region is expected to dominate the market through 2022, however, there will be a decrease in its market share by over 2%.
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Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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