Global Electronic Warfare Market Size to Reach USD 25.73 Billion in 2030 | Rising Need for Ground Surveillance and Unmanned Aerial Vehicles are Key Factors Driving Industry Demand, Says Em...
BAE SYSTEMS PLC S/ADR (BAESY)
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Source: PR Newswire
VANCOUVER, BC, May 10, 2022 /PRNewswire/ -- The global electronic warfare market size reached USD 17.72 Billion in 2021 and is expected to register a significantly rapid revenue CAGR during the forecast period, according to latest analysis by Emergen Research. Increasing investment in defense sector by various countries is driving market revenue growth.Drivers:Rising tensions among various countries has resulted in rapid modernization of warfare by most countries. Most countries across the globe are in a state of cold war and are investing in modern electronic warfare to prepare themselves for battle. Rising tension among India-Pakistan, India-China, Russia-Ukraine is contributing to growth of the market. The Russian defense sector has the five most effective electronic warfare systems, and this country has been successfully using them in the Ukraine conflict. Civil wars in Syria, Myanmar, and Colombia has resulted in governments arming with modern warfare to protect themselves. Turke
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