Global Cognitive Electronic Warfare System Market: Focus on Capability (Electronic Attack, Electronic Protection, Electronic Support, and Electronic Intelligence) and Platform (Naval, Airborne, Land, and Space) – Analysis and Forecast, 2023-2028
PR Newswire
NEW YORK, March 26, 2019
NEW YORK, March 26, 2019 /PRNewswire/ — Global Cognitive Electronic Warfare System Market to Grow at a CAGR of 19.20% from 2023-2028
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The global cognitive electronic warfare system market is expected to witness high growth during the forecast period 2023-2028, as cognitive electronic warfare systems have the capability to help overcome the problem of reprogramming the electronic warfare models with advanced capabilities.Artificial Intelligence and Machine Learning with computational hardware are likely to revolutionize the electronic warfare systems to cognitive electronic warfare systems.
The increasing demand for cognitive electronic warfare systems is mainly due to the growing demand for artificial intelligence in military and increasing situational awareness of the cognitive electronic warfare systems.
According to BIS Research analysis, the global cognitive electronic warfare system market is expected to report a revenue of $385.7 million in 2023 and is estimated to cross $928.4 million by 2028, at a CAGR of 19.20% during the forecast period, 2023-2028. Europe, including some of the major companies such as the U.K, Brazil, Russia, Germany, and France is the most prominent region for the cognitive electronic warfare systems market. North America is the second most prominent regions, which is continuously progressing in the field of cognitive electronic warfare systems market.
The following points provide a detailed description of the report content and the topics covered in the report:
• The study examines the prime supply-side factors, which affect the growth of the market, along with the current and future trends, market drivers, restraints, and challenges prevalent in the global cognitive electronic warfare system market.
• A detailed competitive benchmarking analysis, which focuses on the ¬key market developments and strategies, followed by the top players in the market, has been included in this report, to analyze the competitive strength of the players in the global cognitive electronic warfare system market.
• A detailed industry analysis, comprising the evolution towards cognitive electronic warfare system, has been included in the study.
• This report identifies the global cognitive electronic warfare system market under different segments such as capability, platform, and region.
• The global cognitive electronic warfare system market for the major regions, including North America, Europe, Asia-Pacific, and Rest-of-the-World has been analyzed in the report.
• In the company profiles section, the study provides a detailed analysis of the 10 key players in the global cognitive electronic warfare system market, namely BAE Systems, Elbit Systems, General Dynamics, Harris Corporation, Leonardo S.p.A., Lockheed Martin, Raytheon Company, Saab AB, Textron Inc., and Thales Group, among others. This section covers business financials, company snapshots, key products and services, major developments, and the individual SWOT analysis.
Executive Summary
Cognitive electronic warfare system is based on learning action frameworks which use machine learning algorithms and artificial intelligence (AI) to imitate human perception of learning, memory, and judgment. Machine learning, being one of the most popular technologies, is expected to usher cognitive electronic warfare systems into a new era to respond to unknown threats in order to reduce the burden on war fighters.
The growing demand for AI in military and increasing situational awareness of cognitive electronic warfare systems are expected to drive the global cognitive electronic warfare system market during the forecast period.The cognitive electronic warfare system market has been rapidly advancing due to the growth in airborne platform, as military forces, around the globe.
Government organizations such as the U.S. Navy and the U.S. Air Force are looking to upgrade their current electronic warfare systems onboard (aircrafts) to counter multiple and unknown threats at the same time. These upgradations and advancements is driving the growth of airborne platform. Cognitive electronic warfare systems are expected to be used in airborne platform such as fighter jets and unmanned aerial vehicles (UAVs).
The market is expected to report revenue of $385.7 million in 2023 and is expected to grow at a significant CAGR during the forecast period.
The global cognitive electronic warfare system market has been segmented (by capability) into electronic attack (EA) or electronic countermeasures (ECM), electronic protection (EP) or electronic counter-countermeasures (ECCM), electronic support (ES), and electronic intelligence (EI).Based on platform, the market can be segmented into four types, which are naval, airborne, land, and space.
Cognitive electronic warfare systems are expected to be majorly used in airborne platform due to their effective implementation in aircrafts, fighter jets, and unmanned aerial vehicles (UAVs). Moreover, attack on the enemy’s systems with the help of electromagnetic energy is best possible with the airborne platform.
Region-wise, Europe acquired the largest share of the global cognitive electronic warfare system market in 2023, followed by North America, Asia-Pacific, and Rest of-the-World (RoW). In Europe, major countries that are focusing on enhancing their strategies to implement AI in militaries are Russia, Italy, the U.K., France, and others. The region is implementing AI in electronic warfare to handle the data and information of huge sensors and communication networks, as the quantity of information is increasing. Following Europe, the North America market is the second largest market for cognitive electronic warfare, owing to the increasing investments in contracts and developments of advanced electronic warfare systems.
In addition, electronic warfare system manufacturers are working toward innovating cognitive electronic warfare system and are also focusing on research and development for advancing the existing systems.Further, given the huge potential the cognitive electronic warfare system market is set to explore, the industry is expected to observe a great number of key strategic developments taking place among key technology players.
With the ongoing efforts of industry players to develop high-end innovative solutions for different end users, the cognitive electronic warfare system market is anticipated to grow at a high rate during the forecast period 2023-2028.
Countries Covered
• North America
• Europe
• Asia Pacific
• Rest-of-the-World
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