A recent report published by
Infinium Global Research on the directed energy weapons market provides in-depth
analysis of segments and sub-segments in the global and regional
directed energy weapons market. The study also highlights the impact of
drivers, restraints, and macro indicators on the global and regional directed
energy weapons market over the short term as well as long term. The report is a
comprehensive presentation of trends, forecast and dollar values of the global
directed energy weapons market. According to the report, the global directed
energy weapons market is projected to grow at a CAGR of over 20% over the
forecast period of 2022-2028.
The revenue generated by the directed
energy weapons market was nearly USD 5 billion in 2022 and is expected to reach
over USD 15 billion in 2028 and is expected to grow with a CAGR of nearly over
20% over the forecast period 2022-2028. To ward off attacks from threats like
ballistic missiles, anti-satellite weapons, nuclear weapons, etc., directed
energy weapons like lasers, high-power microwaves, and electromagnetic weapons
are deployed. The market is predicted to be dominated by the Asia-Pacific
region because of rising investments in directed energy weapon systems. The
defence against terrorist attacks and CBRN and nuclear materials to protect
civilian life and the national security of a country are the main factors driving
the growth of the worldwide directed energy weapons market.
The primary driver for the
directed energy weapons market is the rising demand for directed energy weapon
(DEW) systems in defence forces around the world. The market for directed
energy weapons is expanding as global hostilities and terrorist attacks rise.
As a result, the market benefits from the increased purchase of defence
equipment by powerful militaries. The market is being driven by the need for
low-cost precision weaponry and the rising demand for non-lethal weapons.
Expanding defence initiatives for directed energy weaponry have an additional
impact on the market. Additionally, the market for directed energy weaponry is
benefited from rising urbanisation, lifestyle changes, investments, and higher consumer spending. On the other hand, the limited level of
technology and expertise required in developing countries may hamper the growth
of the market. Growing investments in the development of directed energy
weapons by defence forces around the world.
Due to the tight lockdowns and
social isolation used to stop the spread of the virus, COVID-19 caused harm to
the market for directed energy weapons. The lack of consumer confidence, the
partial business shutdown, and the uncertain economic climate all had an effect
on the demand for defence systems. During the pandemic, the supply chain was
impacted along with logistics delays. However, because of the loosened
regulations and higher need for non-lethal weapons in the post-pandemic environment,
the market for directed energy weapons is anticipated to pick up speed.
The directed energy weapons market
is analyzed across regions namely North America, Europe, Asia Pacific, the
Middle East, and the Rest of the World. At present, North America holds the
highest market share in the directed energy weapons market. The deployment of
cutting-edge laser systems for military operations and rising defence industry
R&D spending will fuel market expansion in North America. Significant players like Lockheed Martin Corporation, L3Harris Technologies, Inc., Northrop Grumman Corporation, and others contribute to the market's
growth. During the projected period, the directed energy weapons market is
expected to expand significantly in Asia-Pacific. The increase is linked to
rising defence spending from nations like South Korea, China, and India, among
others. The market is expanding as a result of the increased use of
sophisticated weaponry in cross-border conflicts, political unrest, and
terrorist attacks in Asia.
The report on the global directed
energy weapons market covers segments such as technology, application,
platform, and product. On the basis of technology, the sub-markets
include high energy laser, high power microwave, electromagnetic weapons, and
neutral particle beam. On the basis of application, the sub-markets
include homeland security, and military. On the basis of platform, the
sub-markets include land, airborne, naval, and space. On the basis of product,
the sub-markets include lethal weapons, and non-lethal weapons.
The report provides profiles of
the companies in the market such as Lockheed Martin Corporation, Raytheon
Technologies, Northrop Grumman Corporation, The Boeing Company, Thales Group,
Leonardo SPA, BAE Systems, Elbit Systems, L3Harris Technologies Inc., and MBDA.
The report provides deep insights
into demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the directed energy weapons market. Moreover, the study highlights
current market trends and provides forecasts from 2022-2028. We also have
highlighted future trends in the market that will affect the demand during the
forecast period. Moreover, the competitive analysis given in each regional
market brings insight into the market share of the leading players.
Please Choose One of them.