Global Electronic Warfare Market Will Grow At A CAGR Of 3.13% During The Period 2016-2026
Researchmoz added Most up-to-date research on "The Global Electronic Warfare Market 2016-2026" to its huge collection of research reports. Summary The demand for electronic warfare systems is anticipated to be driven by rapid technological advancements in the domain and the growing need for intelligence, surveillance, and reconnaissance (ISR) capabilities in militaries globally. Modern warfare places a greater emphasis on information superiority and situational awareness, and this is expected to be a major factor driving spending in this sector. This theory is further supported by increasing investments by most major militaries across the world, which focus on acquiring electronic warfare systems for airborne, ground based and naval platforms. Key Findings The global electronic warfare market, valued at US$14.4 billion in 2016, is projected to grow at a CAGR of 3.13% over the forecast period, to reach US$19.6 billion by 2026 and cumulatively value US$184.1 billion. The mark...