Elbit is one of Top 10 players in Cognitive EW
16 July, 2019
Cognitive Electronic Warfare Systems can overcome limitations of current EW systems. According to BIS Research, the global Cognitive EW system market is expected to reach $928.4 million in 2028
Photo above: Elbit Systems’ Hermes 900 UAS
A recent report made by BIS Research, Elbit Systems from Israel is mentioned as one of the 10 key players in emerging global Cognitive Electronic Warfare systems market. BIS estimates that the market will witness high growth during 2023-2028, as cognitive electronic warfare systems have the capability to help overcome the problem of reprogramming the electronic warfare models.
“Artificial Intelligence and Machine Learning with computational hardware are likely to revolutionize the electronic warfare (EW) systems.” According to BIS Research analysis, the global cognitive electronic warfare system market is expected to report a revenue of $385.7 million in 2023 and is estimated to cross $928.4 million by 2028, at a CAGR of 19.20% during 2023-2028.
The analysts indicate that since cognitive EW systems make use of AI and machine learning techniques, they are expected to overcome most of the drawbacks of current electronic warfare system, such as incapability of handling excessive load and being non-responsive to unknown threats. This market is expected to witness a high growth rate owing to countries such as the U.S., Russia, and China, who plan to implement artificial intelligence (AI) in the military.
A European Surprise in the Market
AI is required for handling the data and information of huge sensors and communication networks, as the quantity of information is increasing. AI and machine learning offer potential benefits to military organizations by providing fast and high-quality data, which can support in deep analysis of complex and strategic data. Europe, including some of the major companies such as the U.K, Brazil, Russia, Germany, and France is the most prominent region for the cognitive electronic warfare systems market.
North America is the second most prominent regions, which is continuously progressing in the field of cognitive electronic warfare systems market. According to Swati Chaturvedi, Senior Research Analyst at BIS Research, Europe is one of the most prominent regions for the growth of the global cognitive EW market and will dominate it in 2023. “Europe is keenly focusing and investing in the research and development of AI for military.
“However, the geographical analysis of this market unveils an immense potential for its growth in the region of North America. Similarly, the Asia-Pacific market is also likely to witness numerous growth opportunities during the forecast period 2023-2028.” According to BIS Research, the 10 key players in the global cognitive electronic warfare system market are BAE Systems, Elbit Systems, General Dynamics, Harris Corporation, Leonardo S.p.A., Lockheed Martin, Raytheon Company, Saab AB, Textron Inc., and Thales Group.