San Jose, CA (Vocus) July 6, 2010
The United States represents the single largest defense systems and equipment market worldwide, followed by China, the UK, France, Russia, Japan, Germany, Saudi Arabia, Republic of Korea, India, Brazil, Italy, and Australia. Electronic Warfare (EW) is a part of the overall defense electronics market. The US defense electronics market is projected to increase significantly in future, with defense electronics projects and extensive R&D programs expected to be the key growth drivers.
The Electronic Warfare market is directly affected by the defense spending of a country. Significant defense spending creates a positive impact on the health of the defense industry. However, a nation’s defense budget is affected by macroeconomic factors, such as recession. United States represents a major market for Electronic Warfare Systems. Product or system innovation is the major factor that drives the EW systems market. The industry is forecast to witness huge orders in future, owing to increasing focus of militaries on EW around the globe. Defense equipment manufacturers are expected to produce thousands of EW systems such as electronic countermeasures (ECM) systems, electronic support measure (ESM) systems, and radar warning receivers (RWRs). The production rate is expected to rise significantly over a period of ten years, driven by the increased demand from military forces and the increasing danger across the global waterways.
The market for EW Systems is highly consolidated, with a handful of defense suppliers dominating the US as well as the global market. Lockheed Martin, BAE Systems, Boeing, Northrop Grumman, General Dynamics, and Raytheon are the leading global defense suppliers. However, US-centric defense suppliers replace have a significant share of the US market. Key US players profiled in the report include Alliant Techsystems, Inc., Communications & Power Industries, DRS Technologies, Inc., General Dynamics Corporation, ITT Corporation, L-3 Communications Corporation, Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Company, Rockwell Collins, Inc., SRA International, Inc., and The Boeing Company.
The report titled “Electronic Warfare Systems: A US Market Report” announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, competitive scenario, technological overview, product introductions/innovations, and recent industry activity. An overview of the US defense spending provides an outlook on the focus and thrust areas of the US Department of Defense. The study analyzes market data and analytics in terms of value sales for The United States.
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Electronic_Warfare_Systems_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1100 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Web Site http://www.StrategyR.com/