Directed Energy Weapons Market Report 2022-2027: Industry Trends, Share, Size, Demand and Future Scope

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.


Directed energy weapons are ranged weapons that employ a beam of concentrated electromagnetic energy for their functioning. They consist of laser, microwave and particle beams to produce highly focused energy, which further aids in demolishing their target. They can be operated at high speeds to allow them to cause disruptive effects to facilities, vehicles, personnel and equipment in an efficient manner. They are extremely precise as they conveniently target fast-moving objects, making them a preferred choice over conventional munitions. They also offer numerous other advantages, such as unlimited magazine, noise-free functioning, and multiple target area coverage, due to which they are extensively installed in aircraft, land vehicles, unmanned vehicles (UMVs), and military ships.


We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.


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Market Trends and Drivers:

The global directed energy weapons market is primarily driven by the increasing incidences of geographical conflicts and terror attacks across the globe. This has impelled the governments of various countries to increase their defense budgets and implement numerous effective counter-terrorism measures. Consequently, this has contributed to a rise in the uptake of advanced military devices for combat applications and improving national security, thereby catalyzing the demand for directed energy weapons on the global level. Along with this, there has also been a considerable rise in the threats from hypersonic weapons, particularly missiles, in several geographical locations. Directed energy weapons are increasingly being used in these areas for effective missile destruction during its trajectory. The market is further driven by the escalating need to protect civilians against chemical, biological, radiological and nuclear (CBRN) emergencies across the globe. Moreover, numerous key players are increasingly investing in the integration of directed energy weapons with certain military-based drones and UAVs that are anticipated to offer long-range precision targeting while working remotely, which is expected to provide an impetus to the market growth. Some of the other factors driving the growth of the market include the rising need for weapons employing laser technology in the navy and the advent of high-energy laser (HEL) power to intercept cruise missiles.


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:

Lethal
Non-Lethal


Breakup by Application:

Homeland Security
Defense


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
Airborne
Gun Shot


Breakup by Region:

North America
Asia Pacific
Europe
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.

About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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This release was published on openPR.