Rising Geopolitical Tensions Boost Military Spend on Electronic Warfare Equipment
News provided by
Frost & Sullivan
Jan 14, 2020, 09:30 ET
Evolving threat landscape, impending modernization of military aircraft to sustain demand for new, improved EW systems, finds Frost & Sullivan
SANTA CLARA, Calif., Jan. 14, 2020 /PRNewswire/ -- The emergence of stealth and low observable aircraft along with Anti-Access/Area Denial (A2/AD) systems has made integrated air defense networks very complex and difficult to counter. Additionally, the development of new missile-seeker technologies for surface-to-air missiles poses a serious threat to aircraft as they bypass existing missile-detection systems. The presence of these new threats is driving the demand for modern electronic warfare (EW) systems that are sensitive enough to detect and engage targets before they are visually seen. A recent analysis of the global military airborne electronic warfare market forecasts the sector to rake in revenues over $30.8 billion between 2018 and 2028, with $21 billion worth of addressable opportunities arising from the planned and forecasted procurement of EW equipment.
https://www.prnewswire.com/news-releases/rising-geopolitical-tensions-boost-military-spend-on-electronic-warfare-equipment-300986268.html
