Electronic Countermeasures Market to Grow at 5% CAGR by 2023

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Key Players 

Leading players profiled in the global electronic countermeasures market report include Mercury Systems, Inc. (U.S.), Ultra Electronics (U.K), L-3 Technologies (U.S.), Israel Aerospace Industries Ltd. (Israel), Saab AB (Sweden), Thales Group (France), Raytheon (U.S.), Northrop Grumman (U.S.), Lockheed Martin (U.S.), and BAE Systems (U.K). Industry players have encompassed several strategies to stay ahead in the competition, such as mergers, acquisitions, new product launches, new product development, geographic expansions, contracts, extensive R&D activities, joint ventures, partnerships, strategic alliances, and collaborations, to name a few. 

Market Analysis

The global electronic countermeasures market is likely to grow at a 5% CAGR between 2017- 2023, according to the new report by Market Research Future (MRFR). An electronic countermeasure or ECM, simply put, is an electronic or electrical device that has been specially designed to deceive or trick sonar, radar, or any other detection system such as lasers or infrared (IR). ECMs are used defensively and offensively to deny targeting an enemy with any information. It is effectively used for protecting aircraft from a guided missile.

The majority of the air forces use electronic countermeasures to protect their aircraft against attack. Besides, ECMs are also deployed by military ships as well as of late on some advanced tanks for fooling laser/IR guided missiles. Frequently this is coupled with that of stealth advances for the ECM system to have a simpler job. Airborne, naval, and ground-based are its different platforms, and its different technologies include gallium arsenide and gallium nitride. Owing to its alluring features and myriad benefits, electronic countermeasures have extensive applications in jamming (communication jamming, electronic jamming, and radar jamming), and deception. 

Various factors are adding to the global electronic countermeasures market growth. According to the new MRFR report, such factors include high effectiveness, increasing use of electronics & associated equipment in weapon systems, implementation of electronic countermeasures expanding in variety, increased sophistication and capability, and superior characteristics of electronic warfare systems in the defense of a country which has turned into an essential element which can decide the result in the event of any conflict. 

Market Segmentation 

The MRFR report gives an inclusive segmental analysis of the global electronic countermeasures market report based on application, platform, and technology. 

By application, the global electronic countermeasures market is segmented into jamming and deception. The jamming segment is again segmented into communication jamming, electronic jamming, and radar jamming. 

By platform, the global electronic countermeasures market is segmented into airborne, naval, and ground-based. 

By technology, the global electronic countermeasures market is segmented into gallium arsenide and gallium nitride. 

Regional Analysis

Based on the region, the global electronic countermeasures market report covers the growth opportunities and recent trends across the Americas, Europe, the Asia Pacific (APAC), and the Middle East and Africa (MEA). Among these, North America will have the lions share in the market over the forecast period. Burgeoning demand for electronic warfare capabilities, political disputes, unrest between neighboring nations, terrorism, territorial disputes, and increasing insurgencies are adding to the global electronic countermeasures market growth in the region. 

The global electronic countermeasures market in the APAC region is predicted to grow at a fast pace over the forecast period. Increasing investment in defense capabilities, burgeoning demand for next-generation jammer systems, and adoption across multiple platforms such as bombers, next-generation stealth fighter planes, & other forms of special mission aircraft is adding to the growth of the electronic countermeasures market growth in the region. 

The global electronic countermeasures market in Europe is predicted to have healthy growth over the forecast period, and that in the MEA is predicted to have sound growth over the forecast period. 

Full report @ https://www.marketresearchfuture.com/reports/electronic-countermeasures-market-5861

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