Widespread use of weapon systems along with electronics and associated equipment has fostered electronic warfare system development.
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Electronic Warfare Market Size, Segmentation To 2020: Grand View Research, Inc.
1. Electronic Warfare Market Analysis, Market Size,
Application Analysis, Regional Outlook, Competitive
Strategies And Forecasts, 2014 To 2020
Developments across the electromagnetic spectrum are expected to give impetus to
the global electronic warfare market. Widespread use of weapon systems along
with electronics and associated equipment has fostered electronic warfare system
development. Increasing incidents of territorial disputes, cold-wars and political
conflicts are expected to fuel market growth.Advancements in the field of
electronics and surging demand for infrared, optic and visual techniques such as
laser is expected to spur the electronic warfare market over the forecast period
2. For More Information on "Electronic Warfare Market Research Reports"
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warfare-market
Electronic warfare has evolved as an integral entity of strategic landscape
encompassing all war fighters. Increasing popularity of platforms such as
unmanned aerial vehicles (UAVs) and patrol vessels owing to their ability to
integrate small electronic systems is also expected to drive market growth. Owing
to the difficulty involved in tracking or detecting the aforementioned platforms
adoption of electronic warfare systems is expected to become even more crucial.
3. However, economic concerns in regions such as China, India etc may hamper
market growth. Further, decreasing defense budget in Europe as well as the U.S.
may pose a challenge to market growth over the next few years. The ability to
reduce time lags and the need to design efficient systems offer several market
growth opportunities. The electronic warfare market is highly fragmented. Several
market players emphasize on mergers, acquisitions and joint ventures as a part of
their key growth strategy. Key companies in the market include Raytheon
Co.,Lockheed Martin Corporation, L-3 Communications Holdings Inc., Alliant
Techsystems and BAE Systems
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