A MarketsandMarkets report forecasts the global electronic warfare market, which was estimated to be valued at USD 24.20 billion in 2017, will grow to USD 30.32 billion by 2022, a CAGR of 4.61 percent between 2017 and 2022. Defense modernization programs and increasing procurement of advance electronic warfare systems are the major factors fueling the growth, a combination of cyber operations and electronic warfare capabilities for both defense and offensive operations.
According to the latest market research report published by MarketsandMarkets™, the overall market is estimated to be valued at USD$2.03 billion in 2020 and is expected to be worth USD$22.41 billion by 2026, at a CAGR of 49.2 percent from 2020 to 2026.
The report "Microwave Devices Market by Type (Active Microwave Devices, Passive Microwave Devices), Frequency (L-, S-, C-, X-, Ku-, Ka-Band), Application (Space & Communication, Defense, Commercial) and Region - Global Forecast to 2022," The microwave devices market is projected to grow from an estimated USD $6.07 billion in 2017 to $8.22 billion by 2022, at a CAGR of 6.24 percent during the forecast period.
According to the report, "Satellite Communication (SATCOM) Equipment Market by Product (Receiver, Transmitter/Transponder, Transceiver, Antenna, Modem/Router), Technology (VSAT, SATCOM on the Move, SATCOM on the Pause), End-Use, Vertical and Region--Global Forecast to 2022," the SATCOM equipment market is estimated to be USD $20.20 billion in 2017 and is projected to reach USD $30.32 billion by 2022, at a CAGR of 8.46 percent during the forecast period.
According to the new market research report by MarketsandMarkets on the "Anti-Drone Market by Technology (Laser, Kinetic And Electronics), Application (Detection And Detection & Disruption), Vertical (Military & Defense, Homeland Security And Commercial) And Geography--Global Forecast to 2023," the anti-drone market is expected to grow from USD$342.6 million in 2016 to USD$1,571.3 million by 2023, at a CAGR of 25.9 percent between 2017 and 2023.
The report "Counter-IED Market by End User, Deployment , Capability and Region—Global Forecast to 2022", the counter-IED market is projected to grow from US$1.78 billion in 2017 to US$2.03 billion by 2022, at a CAGR of 2.64 percent during the forecast period from 2017 to 2022.
The rocket and missile market is projected to grow from US$55.53 billion in 2017 to US$70 billion by 2022, at a CAGR of 4.74 percent during the forecast period from the report "Rocket and Missile Market - Global Forecast to 2022".
The emergence of electronic and network centric warfare, replacement of legacy systems resulting in the automaton of radar systems, territorial conflicts and geopolitical instabilities, and sea-based X-Band radars, among others, are driving the demand for the X-Band radar across the globe.
According to a new market research report "Electronic Warfare Market Forecast Analysis (2014- 2020)", by MarketsandMarkets, the total global electronic warfare market is expected to reach $15,590 million by 2020 with a CAGR of 4.50%.