Global Electronic Warfare Market Insights, Business Analysis and Key Companies in Industry Till 2027

The Report States That The Electronic Warfare Market Size Was USD 26.50 Billion In 2019 And Is Projected To Reach USD 29.46 Billion By 2027, Thereby Exhibiting A CAGR Of 4.81 Pasento During The Forecast Period.  The Global Electronic Warfare Market Is Anticipated To Gain Momentum From The ever-increasing technological advancements and the rising adoption of cyber EW worldwide.

Below are a couple of the latest industry developments:

January 2020: Lockheed Martin Corporation received a new contract from the US Navy. It is worth USD 43 million. It would help the company to upgrade the E-2D AN/ALQ-217 Electronic Support Measures (ESM) system of the E-2D Advanced Hawkeye.

January 2019: Space and Naval Warfare Systems Center Atlantic (SPAWAR) provided a five-year contract worth USD 898 million to General Dynamics Information Technology (GDIT) for Navy Cyber ​​Mission Engineering Support.

April 2019: The US Navy awarded a new contract to Harris Corporation to manufacture and provide Integrated Defensive Electronic Countermeasures (IDECM) jammers. These are meant for the F/A-18C/D/E/F variants.

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Geographically, North America held USD 9.28 billion in terms of revenue in 2018. This growth is contributing to the rising terrorism, as well as political and territorial disputes occurring in this region. In addition to that, the US Department of Defense (DoD) is set to invest approximately USD 25.8 billion in the research, development, test, and evaluation (RDT&E) in the coming years.

This Report Answers the Following Questions:

What are the current market trends?
What are the challenges and opportunities in the market?
Which segment is set to dominate the market?
How are the companies trying to generate sales of EW to compete in the market?