in ,

MarketsandMarkets Projects $24B Market Value for Electronic Warfare Systems by 2020

MarketsandMarkets Projects $24B Market Value for Electronic Warfare Systems by 2020 - top government contractors - best government contracting event

ElectronicWarfareMarketsandMarkets has projected the global electronic warfare market will expand from $17.7 billion in 2014 at a 5.37 compound annual growth rate to reach $24.3 billion by 2020.

The research firm said Friday modern EW systems are built with digital and signal processing technology and that smaller EW platforms for unmanned aerial vehicles and patrol vessels have become much more in demand.

Industry growth will be partly driven by demand for stealth aircraft and naval ships, the report states.

MarketsandMarkets also forecasts Brazil will lead EW investment in Latin America through 2020 due to the country’s research and development programs in that technology area.

Border disputes are projected to trigger spending on EW systems across the Middle East and Asia Pacific over the next five years.

Key market players include ATK, BAE Systems, General Dynamics, L-3 Communications, Raytheon, Rockwell Collins, Thales, Teledyne Defense and SaaB.

ExecutiveBiz Logo

Sign Up Now! ExecutiveBiz provides you with Daily Updates and News Briefings about C4ISR News

mm

Written by Mary-Louise Hoffman

is a writer of news summaries about executive-level business activity in the government contracting sector. Her reports for ExecutiveBiz are focused on trends and events that drive the GovCon industry to include commercial technologies that private companies are developing for federal government use. She contributes news content to ExecutiveBiz’s sister sites GovCon Wire and ExecutiveGov.

Todd Wager: Parsons Prime in Canada Transportation Mgmt System Upgrade - top government contractors - best government contracting event
Todd Wager: Parsons Prime in Canada Transportation Mgmt System Upgrade
European Space Agency Combines Cloud Infrastructure with Red Hat Linux; Gianni Anguilletti Comments - top government contractors - best government contracting event
European Space Agency Combines Cloud Infrastructure with Red Hat Linux; Gianni Anguilletti Comments