13-Jun-2022 | Facts and Factors
According to Facts and Factors, the global directed energy weapons market was valued at USD 4,172.50 million in 2021 and is predicted to increase at a CAGR of 18.10% to USD 11,311.29 million by 2028. The study examines the market in terms of revenue in each of the major regions, which are classified into countries.
The global directed energy weapons market is expected to expand due to increased demand for lethal and precise weapons. Huge investments in weapon development and demonstration are expected to boost the global market over the forecast period. Directed energy weapons (DEW) can select discrete targets. They operate at light speed and can cause havoc on personnel, facilities, and equipment. A weapon of this type also emits a beam of acoustic energy, atomic particles, and electromagnetic energy. The changing nature of warfare in the global environment is expected to drive the global market during the forecast period. Furthermore, directed energy weapons have the ability to damage the target while causing the least amount of collateral damage. This factor is expected to pick up speed.
Browse the full “Directed Energy Weapons Market By Technology (High Energy Laser, High Power Microwave, Electromagnetic Weapons, Sonic Weapons), By Application (Homeland Security, Military), By Platform (Land, Airborne, Naval, Space), By Product (Lethal Weapons, Non-lethal Weapons), By Range (Less than 1 KM, More than 1 KM), and By Region - Global Industry Overview, Market Size, Share, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends and Forecast 2022–2028" report at https://www.fnfresearch.com/directed-energy-weapons-market
Other features such as efficiency against fast-moving objects, multiple target area coverages, an unlimited magazine, long-range, and precise targeting are expected to have a positive impact on the global market during the forecast period. In the coming years, rising protests, turmoil, political disputes, and conflicts are expected to boost global demand. Defense is expected to be a major consumer of directed energy weapons. The arms transfer protocol, as well as the high weight cost, are expected to stymie the global DEW market during the forecast period. Development costs, combined with technological barriers, are expected to be major challenges restraining the global market during the forecast period.
Typical product types include high-energy laser weapons, high-power radio frequency or microwave devices, and charged or neutral particle beam weapons. These weapons have a number of advantages over traditional munitions, including high-speed fatal force transfer, minimum effects of gravity or atmospheric drag, stealth-like performance with noise-free and invisible beams, and so on. As a result, directed energy weapons are found in a wide range of military ships, land vehicles, aircraft, and unmanned vehicles (UMVs).
Rail guns, electromagnetic bombs (e-bombs), plasma cannons (electrothermal accelerator), microwave guns, plasma grenades, navy laser cannon, gun-launched guided projectile, automated shotguns, and a variety of other dangerous items are among them. Large sums of money are being invested in R&D, demonstration, and testing of lethal directed energy weapons.
Weapons that are utilized in naval applications, such as battleships and submarines, are included in naval-directed energy weapon systems. Combat ships, submarines, and unmanned surface vehicles are all part of the naval component. Coast guards and navy forces utilize defense ships to protect the security of sea borders.
The North American directed energy weapons market is expected to grow significantly during the forecast period, owing to increased investments in directed energy weapon technologies by countries in this region. The US and Canadian defense departments are involved in the development of technologically advanced directed energy weapon platforms such as high-energy lasers and high-power microwaves, which drives the market growth.
The report contains qualitative and quantitative research on the global Directed Energy Weapons Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards.
Market Size in 2021
USD 4,172.50 Million
Projected Market Size in 2028
USD 11,311.29 Million
CAGR Growth Rate
Key Market Players
Lockheed Martin Corporation (US), Raytheon Technologies (US), Northrop Grumman Corporation (US), The Boeing Company (US), Thales Group (France), Leonardo SPA (Italy), BAE Systems (UK), Elbit Systems (Israel) L3Harris Technologies (US), and Others
By Technology, Application, Platform, Product, Range, and Region
Major Regions Covered
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa
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Some of the major companies operating in the global directed energy weapons market are Lockheed Martin Corporation (US), Raytheon Technologies (US), Northrop Grumman Corporation (US), The Boeing Company (US), Thales Group (France), Leonardo SPA (Italy), BAE Systems (UK), Elbit Systems (Israel), L3Harris Technologies (US), and others.
The Global Directed Energy Weapons Market is segmented as follows:
- High Energy Laser
- High Power Microwave
- Electromagnetic Weapons
- Sonic Weapons
- Homeland Security
- Lethal Weapons
- Non-lethal Weapons
- Less than 1 KM
- More than 1 KM
- North America
- The UK
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
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