The electronic warfare (EW) market is expected to grow from $12.8bn in 2020 to $15.6bn by 2030. A focus on directed energy weapons, rapid change in technological advancements in the domain, and the growing concern for electronic protection capabilities are expected to drive the global demand in the EW market.
Listed below are the key macroeconomic trends impacting the electronic warfare theme, as identified by GlobalData.
Defence budgets
Whilst no longer a factor prohibiting states from operating an unmanned aerial systems (UAS) fleet, the composition and role within the state’s defence architecture is still to a certain extent dependent upon the budget.
Most states will have the means and access to operate smaller drones in limited roles. However, larger drones are more expensive to procure and operate, and may be unattainable for some states. Given this, defence budgets will shape the geopolitical environment of a region, and dictate the level of investment required to mitigate UAS threats.
Multipolarity
The development of the multipolar world from the mono-polar world is resulting in a new posture and defence environment. A preparation for per or near peer conflict, or great power competition, is pushing more advanced technologies and forcing preparation for operation in less than permissive environments, in strong contrast with the 2001-2021 period of the Global War on Terror.
This is an edited extract from the Electronic Warfare Market – Thematic Research report produced by GlobalData Thematic Research.
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