According to IMARC Group’s latest report, titled “Directed Energy Weapons Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global directed energy weapons market reached a value of US$ 5.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 15.5 Billion by 2027, exhibiting at a CAGR of 19.63% during 2022-2027.
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A directed-energy weapon (DEW) is a ranged system that emits focused energy to produce powerful beams to damage or destroy adversary personnel and equipment. It is divided into laser, high-power sonic, particle beam, and high-power microwave (HPM) technologies. As compared to traditional munitions, these systems offer higher precision engagement, instant light delivery, and better transmission of lethal force at minimal operational costs. Apart from this, DEW prevents collateral damage, provides highly focused energy without solid projects, stealth-like performance with noise-free beams, and eliminates logistical issues of procuring more ammunitions. Consequently, DEW is widely installed in military ships, aircraft, and unmanned vehicles (UMVs).
Market Trends and Drivers:
The growth of the global directed energy weapons market can be attributed to the increasing threat of terrorism and escalating geopolitical tensions and conflicts among neighboring countries. In continuation, the growing need for modernized lethal military electronic warfare and defense systems to retaliate against chemical, biological, radiological, and nuclear (CBRN) emergencies and attacks is further supplementing the product demand. Additionally, the significant expansion in the military and defense sector and rising investments in army arsenals, including UMVs, drones, ballistic missiles, and anti-satellite weapons, are also supporting the market growth. Besides this, the advent of advanced DEW technologies in terms of miniaturization and lethality for defense applications to tackle changing military tactics and strategic collaborations amongst manufacturers to engineer military capacities with laser weapon demonstrators are providing lucrative opportunities for the market.
Directed Energy Weapons Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the global directed energy weapons market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Applied Companies
- BAE Systems Plc
- L3harris Technologies Inc.
- Lockheed Martin Corporation
- Moog Inc.
- Northrop Grumman Corporation
- Qinetiq Group PLC
- Raytheon Technologies Corporation
- Rheinmetall Aktiengesellschaft
- Textron Inc.
- The Boeing Company
Key Market Segmentation:
The report has segmented the global directed energy weapons market on the basis of type, application, technology, end use and region.
Breakup by Type:
Breakup by Application:
- Homeland Security
Breakup by Technology:
- High Energy Laser
- Chemical Laser
- Fiber Laser
- Free Electron Laser
- Solid -State Laser
- High Power Microwave
- Particle Beam
Breakup by End Use:
- Ship Based
- Land Vehicles
- Gun Shot
Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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