Market Share of Electronic Warfare Industry
The electronic warfare market is fragmented and marked by the presence of global and local players competing in technology and product offerings. Some major market players are Lockheed Martin Corporation, L3Harris Technologies, Inc., Northrop Grumman Corporation, RTX Corporation, and Leonardo S.p.A., amongst others.
Various players in the market are investing significantly in research and developing advanced next-generation warfare products having higher electromagnetic capabilities. Furthermore, various players are collaborating with defense forces worldwide to understand the military requirements and develop cutting-edge technologies such as radio frequency-enabled cyber (cyber capabilities within electronic warfare systems) while also working towards business expansion. In addition, the higher geographical presence of international companies coupled with significantly growing investment in new technologies as compared to their regional counterparts is anticipated to lead to international companies increasing their market share significantly in the years to come.
Electronic Warfare Market Leaders
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Lockheed Martin Corporation
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L3Harris Technologies, Inc.
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RTX Corporation
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Leonardo S.p.A.
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Northrop Grumman Corporation
*Disclaimer: Major Players sorted in no particular order
