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Electronic warfare market to hit $15B

Jan. 8, 2014 - 12:54PM   |  
By MICHAEL PECK   |   Comments
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The global electronic warfare market will reach $15.6 billion by 2020, according to a new forecast by ASDReports. This reflects a compound annual growth rate of 4.5 percent from the $12.2 billion market in 2014.

Driving the increase will be the continuing exploitation of the electromagnetic spectrum, according to the study. Market growth will continue despite cuts in defense spending in the U.S. and Britain that will result in tighter budgets through at least 2016. The market will continue to see joint ventures between competitors seeking to win major contracts.

The current trend in the electronic warfare market is for faster and more efficient systems able to quickly detect frequency-hopping signals, said ASDReports.

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