Market Insights
As
per recent research by MarkNtel Advisors, The Global Cognitive Electronic Warfare Market is projected to record
more than USD 1 billion in terms of
size, with around 20.42% CAGR during
the forecast period, i.e., 2022-27.
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Key Driver: Rising
Need for Artificial Intelligence (AI)-Enabled Warfare Systems to Combat Dynamic
Threats
Army officials globally face frequent
problems related to false signals & intercepts during a war. An adaptive
electronic warfare system cannot combat new or unknown threat environments
since it utilizes pre-programmed approaches. Thus, according to defense experts,
a cognitive electronic warfare system suffices in such a situation as it
diminishes potential risks. Machine learning algorithms used by the cognitive
electronic warfare systems can characterize & assess electromagnetic
spectrum signals emitted from enemy radars as known or unknown threats. China,
the US, and Russia are the key countries spending substantially on procuring
technologically advanced cognitive electronic warfare systems.
Furthermore, the US Department of Defense
budget focused on AI research & development for FY 2020 & FY 2021 was
USD4 billion & USD841 million, respectively. In addition, China is another
important country that is significantly investing in AI-based R&D. The EW
strategy is a government initiative that focuses on suppressing, degrading, and
disrupting the enemy’s electronic equipment. Further, the massive amount of
data generated by sensors & communication networks has given rise to
artificial intelligence to handle it.
Market Segmentation
and Consumer Behavior:
By Capability
·
Electronic Attack
·
Electronic Protection
·
Electronic Support
·
Electronic Intelligence
By Platform
·
Navy
·
Airborne
·
Land
·
Space
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Cognitive
Electronic Warfare Market Geographical Analysis:
By Region:
·
North America
·
South America
·
Europe
·
Middle East & Africa
·
Asia Pacific
Key Players and
Competitive Strategies in the Cognitive Electronic Warfare Market
Several
prominent players dominate the Cognitive Electronic Warfare Market, including:
·
Cobham Advanced Electronics
Solutions
·
BAE Systems
·
Elbit Systems
·
General Dynamics Corporation
·
Israel Aerospace Industries
·
L3 Harris Technologies Inc
·
Leonardo SPA
·
Lockheed Martin Corporation
·
Northrup Grumman Corporation
·
Raytheon Technologies
Corporation
·
SAAB AB
·
Textron Inc.
·
Thales Group
·
Ultra Electronic Group
·
Teledyne Technologies
·
Others
Report
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Questions Addressed
in this Study
1.What
factors are driving the Cognitive Electronic Warfare Market growth?
2.How
is the Cognitive Electronic Warfare Market expected to grow over the next five
years?
3.What
are the key insights into the current trends in the Cognitive Electronic
Warfare Market?
4.What
is the current size of the Cognitive Electronic Warfare Market, and how is it
projected to change in the future?
5.What
is the future outlook for the Cognitive Electronic Warfare Market in terms of
technological advancements and market expansion?
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