AMSTERDAM, 4 Jan. 2017. Global demand for electronic warfare (EW) equipment should see slow growth over the next decade, rising by 36.1 percent from $14.4 billion in 2016 to $19.6 billion by 2026, predict analysts at market researcher ASD Reports in Amsterdam.
This represents a combined annual growth rate (CAGR) of 3.13 percent, analysts say in this recent market forecast. The total value of global EW equipment over the 10-year period will reach $184.1 billion, analysts say.
Driving demand for EW equipment will be rapid advances in EW enabling technologies, and a growing need for intelligence, surveillance, and reconnaissance (ISR) capabilities in global militaries.
Military investments in EW systems and technologies are increasing, with a focus on EW capabilities for airborne, ground based, and naval platforms, analysts say.
With electronic warfare gradually emerging as a predominant technology for the survivability of military aircraft and naval vessels, countries across the world are expected invest robustly in this field over the coming years, analysts say.
The U.S., historically is the largest market for electronic warfare. The U.S. Navy has contracted Raytheon Co. to develop an electronic attack program called Next Generation Jammer (NGJ).
Additionally, the U.S. Defense Advanced Research Projects Agency (DARPA) also is working on the Adaptive Radar Countermeasures (ARC) program, which aims to develop electronic warfare capability to combat hostile adaptive radar systems.
More recently, the U.S. has initiated a electronic warfare planning and management tool that permits army personnel to synchronize and integrate a host of electronic warfare signals. This tool is expected to be developed and operational by 2022.
For more information contact ASD Reports online at www.asdreports.com.
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