Fast forward to the year 2020. What does the electronic warfare (EW) market look like?
MarketsandMarkets, a global market research company, asked the same question. In December 2013 it published an Electronic Warfare Forecast providing an analysis of the global EW market over the next six years. Here are some key takeaways from the article:
- The global EW market is estimated to be $12.15 billion in 2014 and is expected to register a compound annual growth rate of 4.24% to reach $15.59 billion by 2020
- The continuing exploitation of the electromagnetic spectrum will be a driving factor for the electronic warfare sector
- The market on the whole has numerous competitors who often engage in joint ventures to win major contracts. A typical example would be joint ventures between Lockheed Martin and Raytheon (both dB Control customers) to win contracts in the US
- Austerity leading to defense budget cuts are said to continue at least until 2016 in two major western markets of the US and UK
- The primary market players are from the US and Europe; these players have the technical know-how and the technology which has been tried and tested in deployments across Afghanistan, Iraq, and other conflict zones around the world
- The current trend of the market is its transition towards faster and more efficient systems that have the ability to pick up frequency-hopping with a reduced time lag
The company culture and international growth at dB Control is right on track with these trends – especially as we push the limits of EW technology for mission-critical operations. In fact, check out how our products, services and other industry contributions have helped shape the EW community.