Directed Energy Weapons Market: Global Industry Outlook, Size (US$ 17.8 Billion), Share, Growth (CAGR of 19.1%), Top Companies Analysis and Research Report 2023-2028

According to IMARC Group's latest report, titled "Directed Energy Weapons Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global directed energy weapons market size reached US$ 6.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 17.8 Billion by 2028, exhibiting a growth rate (CAGR) of 19.1% during 2023-2028.

Year Considered to Estimate the Market Size:

Base Year of the Analysis: 2022
Historical Period: 2017-2022
Forecast Period: 2023-2028

Directed Energy Weapons Market Trends:

Escalating geopolitical tensions, the rising threats of terrorism, and conflicts among neighboring countries are some of the key factors driving the directed energy weapons market growth. Besides this, the increasing product adoption due to the rising demand for modernized lethal warfare and defense systems to retaliate against ballistic missiles, anti-satellite weapons, and chemical, biological, radiological, and nuclear (CBRN) weapons to preserve national security and civilian lives is propelling the market growth. Moreover, favorable government initiatives to enhance defense expenditure and military capabilities combined with technological developments in terms of accuracy, miniaturization, and lethality of DEWs to counter changing military tactics are providing a considerable boost to the market growth. Furthermore, the largescale demand for low-cost precision and non-lethal weapons and the advent of advanced military electronic munitions such as DEWs with high-energy lasers (HEL) is creating a positive outlook for the market growth.

Download a free sample report to get a detailed overview of the market: https://www.imarcgroup.com/directed-energy-weapons-market/requestsample

Competitive Landscape With Key Players:

The competitive landscape of the 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

Industry Definition and Application:

A directed-energy weapon (DEW) refers to a type of ranged weapon that emits a highly concentrated beam of electromagnetic energy, such as laser, particle beam, high-power sonic, and high-power microwave (HPM). It offers high-speed transmission, greater precision in engagement, and minimal operational costs, and it eliminates the logistical issues of procuring more ammunition. DEW is widely used in weapons that target personnel, missiles, vehicles, and optical devices. Apart from this, DEW is cost-efficient and ensures minimal gravitational effects, and noise-free operations, provides stealth-like performance. As a result, they are widely installed across military ships, aircraft, and unmanned vehicles (UMVs).

Key Market Segmentation:

The report has segmented the global directed energy weapons market based on 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:
o Chemical Laser
o Fiber Laser
o Free Electron Laser
o 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

Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=2474&flag=C

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• 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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This release was published on openPR.