- Market grows as global disputes increase
- Booz wins contract with U.S. Air Force
- Turkish company wins government contract
By 2021, the electronic warfare market will reach $25.36 billion globally, MarketsandMarkets forecasts. The market was valued at $20.55 billion in 2016. This represents a compound annual growth rate (CAGR) of 4.29%.
The largest segment in the market is electronic support. Electronic support is used to recognize the threats in tactical environment.
The market is growing as the number of transnational disputes and wars increase. Advancements from integrated electronic warfare systems, increased system reliability and efficiency due to the introduction of travelling-wave tube-based solutions, and cognitive electronic warfare technology also are the factors contributing to market growth.
Booz Wins Contract
The U.S. Air Force awarded Booz Allen Hamilton a $10 million contract for the study of how high power electromagnetics can compliment cyber electronic warfare applications.
Booz will work in conjunction with the Air Force Research Laboratory at Kirtland Air Force Base in New Mexico.
All work must be completed by June 5, 2020.
Booz beat out six other companies for the contract. The company works with private and public sector clients, providing engineering services as well as technology and management consulting.
Booz also won a $59 million, five-year contract with the U.S. Navy’s program Executive Office for Command, Control, Communications, Computers and Intelligence.
Booz will provide acquisition, program, contracts, installation, and operations management expertise to the 21 DoD projects and programs executed by the Battlespace Awareness and Information Operations Program office.
“We look forward to continuing to support the U.S. Navy’s PEO C4I, helping to ensure that Navy warfighters around the world are well equipped at any moment,” Steve Soules, Booz Allen executive vice president and leader of the firm’s Navy and Marine Corps business, said in a statement.
The program office conducts meteorology and oceanography, and delivers assured intelligence, as well as information operations data, products, and services.
Turkish Defense Contract
Meanwhile, Turkey’s largest defense company Aselsan won a $125 million contract to develop and produce warfare suites for STM for delivery in 2020.
Both companies are owned by the Turkish government. Aselsan is a military electronic specialist while STM is a defense engineer.
Aselsan saw a sharp rise in profits from 2015 to 2016. Last year, sales rose 36% and profit increased 273% to $60 billion.
- In 2016, the electronic warfare market was valued at $14.4 billion globally, according to Strategic Defence Intelligence. It is forecasted to reach $19.6 billion by 2026, growing at a CAGR of 3.13%.
- There are three categories in the market: electronic attack systems, electronic protection, and electronic warfare support.
- Electronic protection systems are 50% of the market, followed by electronic warfare support at 32% and electronic attack systems at 18%.
- North America has the dominate market share of 41%, followed by Asia Pacific at 27% and Europe at 21%.