The growing number of wars and transnational disputes, emergence of cognitive electronic warfare technology, increased system reliability and efficiency due to the introduction of TWT (travelling-wave tube)-based systems, and advancements due to integrated electronic warfare systems are the factors driving the market.
According the the firm, the electronic support is the largest share-contributing segment in the electronic warfare market. This segment plays a significant role in recognizing the threats in tactical environment.
In 2016, the North America region dominates the electronic warfare market, whereas, the Asia-Pacific region is projected to grow at the highest CAGR during the forecast period. This is mainly attributed to huge population base, booming economy, increasing funding/investments towards the development of EW products, growing focus of both, international and domestic players on the APAC EW market, and a large number of R&D activities.