Electronic Warfare Systems a $28 Bn Market Over Next Decade
Industry analyst firm Forecast International’s “The Market for Electronic Warfare Systems” predicts that the development and production of leading electronic warfare systems will represent a $28 billion market over the next 10 years. The category includes jammers, radar warning receivers (RWRs), electronic support measure (ESM) systems, and missile countermeasure systems.
BAE Systems (CMWS; projected share 24.7%), Northrop-Grumman (LAIRCM; AN/ALQ-218), and IAI Elta Electronics (EL/L-8222) were noted as major players in this market, along with Thales and SaabTech. Forecast International also offers a caveat, noting that the future direction of programs like the F-22A Raptor, the F-35 Joint Strike fighter, the Eurofighter, and the EA-18G Growler would have a significant effect on this market’s size and/or composition. Read the full release & contact information for more details regarding this report.