Electronic Warfare Industry to Double by 2030 Amid Rising Global Defense Investments

According to the latest market research study published by P&S Intelligence, the size of the worldwide electronic warfare industry was projected to have stood at USD 12.5 billion in 2024, and it is estimated to attain USD 25.3 billion by the end of the decade, advancing at a CAGR of 12.4% over the forecast period. This can be credited to the expansion of defense abilities by many nations across the globe to counter potential threats.

The electromagnetic spectrum and cyberspace create a common electromagnetic environment known as the cyber-electromagnetic domain. This evolution in technology is a major trend as this domain is expected to be the centerpiece of future wars.

Diplomatic and strategic relations between different countries can break down any time, turning friends into foes. For this reason, almost all countries are expanding their military capabilities and adopting electronic warfare. Countries that share borders are at a perpetual threat from one another, regardless of how cordial the relations between them are. Thus, they are strengthening their weaponry with advanced systems.

Key Insights

 The airborne category is the largest, with an estimated 40% share in 2024, and is expected to grow at a CAGR of 12.8% from 2024 to 2030.

 Airborne electronic attack capabilities are crucial for gaining an advantage in the electromagnetic spectrum, including disabling, denying, and degrading enemy air defenses.

 Electronic decoys deployed in combat aircraft and missiles aid in deceiving enemy air defense systems.

 The electronic support category holds the largest share, 45% in 2024, and will witness the highest CAGR of 12.7% during the forecast period.

 Information from electronic support is essential for decision-making in attacking and protecting, detecting enemy communication networks and radars.

 Data gathered is used for electronic intelligence (ELINT), signal intelligence (SIGINT), and communications intelligence (COMINT).

 Signal jammers dominate the market with a 20% share in 2024 and are expected to be the fastest-growing category at a CAGR of 13.2% from 2024 to 2030.

 Jammers deceive, disrupt, or block enemy radars and communication systems by radiating interfering signals, allowing counter operations without detection.

 North America held the largest market share, around 50% in 2024, due to strong defense focus and high defense budget of the U.S. (USD 877 billion in 2022).

 U.S. invests heavily in equipping its military branches with advanced weapons and electronic warfare systems.

 Most major defense and weapons companies have a significant presence in the region.

 Asia-Pacific is the fastest-growing market, with a CAGR of 12.7% during 2024–2030.

 Several countries in the region are expanding their military capabilities with electronic warfare systems, given the geopolitical landscape characterized by sour relations.

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How Does Rising Demand for Security Enforcement Propels Ballistic Protection Industry?

The ballistic protection industry has garnered $12,478.08 million revenue, and it is projected to generate $19,378.54 million revenue in 2030, advancing at a rate of 5.01%. It is led by the surging use of ballistic protective materials in law and military enforcement organizations across the world. It is ascribed to protecting law enforcement personnel, military personnel, and vehicles from projectiles, mortars, mines, explosives, falling glass, and other dangerous materials.

In addition, these protective materials function in a different way, usually when they are struck by bullets or explosives.

Moreover, the rise in the homeland security forces, such as police, VIP security staff, and first responders, along with the rise in the defense budget boosts the industry growth. Also, governments focus on proliferating and protecting military capabilities due to increasing cross-border disputes.

North America captures the largest industry share of the industry. It is led by rising demand for lightweight armor, surging R&D expenditure, technical advancements, and the presence of key players. The major industry players offer ballistic protection solutions, which include helmets, vehicle armor, shields, and uniforms.

Moreover, celebrities, political leaders, and other famous individuals select private security services, led by increasing security threats, growing terrorist attacks, and cross-border conflicts leading to the increasing requirement for ballistic protection in the Canada and U.S.

On the other hand, the APAC industry is projected to experience rapid growth in the coming years. It is ascribed to increasing defense expenditure in countries such as China, India, Australia, South Korea, and Japan, including the growing economy of the region.

In addition, governments of the above-mentioned countries focus on partnering with the contractors and providing them assistance in the procurement process with financial support and infrastructure.

Therefore, the rising security concerns and growing demand for improving army survivability boost the demand for ballistic protection.

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