According to a report by BIS Research titled "Global Cognitive Electronic Warfare Market, Analysis and Forecast, 2023 - 2028", the global cognitive electronic warfare system market is estimated to score a revenue of $385.7 million in 2023 and is expected to cross $928.4 million by 2028, at a CAGR of 19.20% from 2023 to 2028.Escalating demand for cognitive electronic warfare systems is said to be the result of their ability to detect an unknown threat in a hostile environment with the help of machine learning algorithms and artificial intelligence.
Report Findings
- Market is expected to witness a high growth rate owing to countries, like the U.S., Russia, and China, planning to enhance their strategies to implement artificial intelligence (AI) in the military.
- Since cognitive electronic warfare systems make use of AI and machine learning techniques, they are expected to overcome most of the drawbacks of electronic warfare system, such as incapability of handling excessive load and being non-responsive to unknown threats.
- The global cognitive electronic warfare system market is categorized based on capability, which is further sub-segmented into electronic attack (EA) or electronic countermeasures (ECM), electronic protection (EP) or electronic counter-countermeasures (ECCM), electronic support (ES), and electronic intelligence (EI).
- Europe is one of the most prominent regions for the growth of the global cognitive electronic warfare system market.
Questions Answered in the Report
- What are the major driving forces, challenges, and opportunities that tend to influence the demand for the global cognitive electronic warfare system market during the forecast period, 2023-2028?
- Which segment (by capability) among the electronic attack, electronic protection, electronic support, and electronic intelligence of the global cognitive electronic warfare system market is expected to dominate in 2023 and what is the projection for 2028?
- Which platform among the naval, airborne, land, and space platforms of the global cognitive electronic warfare system market is expected to dominate the platform segment in 2023 and what is the projection for 2028?
- How much revenue per region is expected to be generated in the global cognitive electronic warfare system market by 2023 and 2028?
- What are the trends in the global cognitive electronic warfare system market across different regions?
- Who are the key players in the global cognitive electronic warfare system market?
- What are the new strategies adopted by the existing market players to make mark in the industry?
- How the ongoing programs for cognitive electronic warfare system can impact the expansion of market?
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