Directed Energy Weapons Market (Technology - High Energy Laser, High Power Microwave, Electromagnetic Weapons, and Neutral Particle Beam; Application - Homeland Security, and Military; Platform - Land, Airborne, Naval, and Space; Product - Lethal Weapons, and Non-lethal Weapons): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

Directed Energy Weapons Market (Technology - High Energy Laser, High Power Microwave, Electromagnetic Weapons, and Neutral Particle Beam; Application - Homeland Security, and Military; Platform - Land, Airborne, Naval, and Space; Product - Lethal Weapons, and Non-lethal Weapons): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

Report Code: EIM0115 Category: Energy, Mining and Infrastructure Published: September, 2022

A recent report published by Infinium Global Research on 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.

Market Insight

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, 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 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.

Segment Covered

The report on 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.

Companies Profiled:

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.

Report Highlights:

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.


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