Press release
Sales of Direct Energy Weapon Market are likely to expand at 22.3% CAGR through 2032.
Direct Energy Weapon MarketThe global direct energy weapon market is likely to reach a revenue of US$ 1.81 Billion by the end of 2022. By the end of 2032, the global market for direct energy weapon market is predicted to reach a revenue of US$ 13.5 Billion. Direct Energy Weapon Market is anticipated to expand at a CAGR of 22.3%.
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Directed energy weapons (DEWs) are a type of weapons that emit energy in an aimed direction without the means of a projectile. They have been in development for decades and are used for a variety of applications, including military, industrial, and medical. The market for DEWs is expected to grow in the coming years due to increasing demand for advanced weapons systems and the need for non-lethal alternatives to traditional weapons.
The global DEW market can be segmented into three main categories: high-energy laser (HEL), high-powered microwave (HPM), and particle beam. HELs are the most mature and widely used DEWs, and are used for a variety of applications, including missile defense, air defense, and counter-UAV. HPMs are still in the research and development phase, but have the potential to be used for electronic warfare and counter-missile applications. Particle beam weapons are also in the early stages of development and are being researched for potential use in space defense.
The military and defense sector is the largest user of DEWs, accounting for the majority of global DEW spending. The U.S. and China are the largest military DEW markets, followed by Russia, the UK, and France. In recent years, there has been an increase in investment in DEWs by countries such as India, Japan, and South Korea.
The commercial market for DEWs is also expected to grow in the coming years, driven by the increasing demand for advanced industrial and medical applications. Industrial applications include cutting and welding, while medical applications include laser surgery and cancer treatment.
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Direct Energy Weapon Market Segmentations-
Direct Energy Weapon Market by Technology
• Laser ( High Energy, Low Energy)
• Microwave
• Particle Beam
• Others
Direct Energy Weapon Market by Range
• Less Than 1 Mile
• More Than 1 Mile
Direct Energy Weapon Market by Application
• Ground
• Naval
• Airborne
Direct Energy Weapon Market by Platform
• Armored Vehicles
• Unmanned Systems
• Handheld Systems
• Aircraft Systems
• Ships and Submarines
• Others
Direct Energy Weapon Market by Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
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Key Companies-
• Lockheed Martin Corporation
• Thales Group
• L3Harris Technologies, Inc.
• Elbit Systems Ltd.
• Raytheon Technologies Corporation
• BAE Systems
• Honeywell International Inc.
• Rheinmetall AG
• Moog, Inc.
• Boeing and more
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