Press release
Directed Energy Weapons Market worth US$ 5,737.45 Million by 2028 - Exclusive Research by Premium Market Insights
According to Premium Market Insights new research study on "Directed Energy Weapons market is expected to grow from US$ 1,780.61 Million in 2022 to US$ 5,737.45 Million by 2028; it is estimated to grow at a CAGR of 21.5% from 2022 to 2028.Get a Sample Copy of This Report@ https://www.premiummarketinsights.com/sample/TIP00073628/?utm_source=OpenPR&utm_medium=10655
Some Of the Major Players Influencing are Lockheed Martin Corporation, Thales Group, L3Harris Technologies, Inc., Elbit Systems Ltd., Raytheon Technologies Corporation, BAE Systems, Moog Inc., Honeywell International Inc., Rheinmetall AG, Boeing
Modern directed-energy weapons with exceptional precision have made it necessary for nations with border disputes and regional threats to rely on such cutting-edge weapons for their border safety. For instance, Missile Defense Agency's (MDA) directed energy demonstrator development program targets technical risk reduction and maturation for high-powered strategic lasers, beam control, lethality, and associated technologies. In FY2021, the MDA's directed energy demonstrator development program received US$ 42 million in funding from the department of defense. Future DEW systems are most certainly to be developed more powerful than current systems using realistic klystron amplifier technology, as reported by the Chinese researchers. For instance, in Shanghai, researchers are developing a DEW system to enable a firing range of 100-petawatt laser shots by 2023. These parameters are catalyzing the growth of directed energy weapons market.
Europe is expected to account for second largest directed energy weapons market share in 2022 and is also expected to grow at a healthy rate in the forecast period. Directed energy weapons capabilities are now being developed and implemented by several European organizations. The increasing threat of rockets, missiles, unmanned air vehicles, etc., is accelerating the development and deployment of directed energy weapons in Europe. Currently, the majority of the countries in Europe are working on the integration of counter-UAV laser systems into their armed forces, which can be later scaled into complete air defense systems. Therefore, the conflict between various countries across the region, which would lead to geopolitical war, is expected to boost the directed energy weapons market growth in the coming years. Further, European arms manufacturer MBDA is developing a laser weapon system called 'Dragonfire' that could be deployed on the warships owned by UK's Royal Navy. This new laser-directed energy weapon system can shoot several thousand-kilowatt powered lasers and defend against drones and other airborne enemy units. In September 2021, the British government made a military contract worth US$ 100 million to companies such as Raytheon and Thales for the development of directed energy weapon systems. Thus, the development of the new Dragonfire weapon system will create an opportunity for a directed energy weapons market in the region. Further, Germany's Federal for Bundeswehr Equipment, Information Technology, and In-Service Support (BAAINBw) awarded a contract to MBDA and Rheinmetall Waffe Munition GmbH. This is the contract to fabricate, integrate and support the testing of a laser weapon demonstrator in the maritime environment. The laser weapon demonstrator was fabricated, tested, and integrated at the end of 2021. The trials onboard the German Navy frigate F-124 Sachsen is expected to occur in 2022.
Inquiry Before Buying At: https://www.premiummarketinsights.com/inquiry/TIP00073628/?utm_source=OpenPR&utm_medium=10655
The COVID-19 pandemic adversely affected several Asia Pacific countries, including China, South Korea, and India. China, India, South Korea, Japan, and many countries in the region are increasingly moving toward the advancement of the military and defense. The COVID-19 outbreak crisis had a minimal impact on the Asia Pacific directed energy weapons market than other regional markets, as the defense contractors in the countries continued to operate. However, the year-on-year development growth rate of products and technologies declined due to the workforce shortage. China is the largest military spending country in the region, and it experienced the adverse effects of the pandemic during Q1 of 2020, which led the government to shut down the country, thereby disrupting the entire supply chain. Thus, Chinese defense electronics and defense equipment manufacturers reported annual sales losses. Also, China is the largest DEW systems (including LaWS) developer and manufacturer in Asia Pacific. Moreover, the COVID-19 pandemic has reflected limited developments in the directed energy weapons industry across the region.
In North America, the US is the most developed country. As the country is an early adopter of technologies, the adoption of directed energy weapons is high. More advancement in directed energy weapons is witnessed in the US compared to other countries in the market. An increasing number of collaborations and partnerships of the US government with leading companies such as Lockheed Martin Corporation, Raytheon Technologies Corporation, Boeing, etc., is accelerating the directed energy weapons market growth. Acceptance of advanced weapon systems by the US government encourages laser weapon systems manufacturers to provide more innovative laser solutions. North America is estimated to account for largest directed energy weapons market share during the forecast period due to the strong presence of directed energy weapons players and significantly higher military spending year on year. These parameters are expected to continuously boost the directed energy weapons market growth during the forecast period.
Order a copy of this research study at- https://www.premiummarketinsights.com/buy/TIP00073628/?utm_source=OpenPR&utm_medium=10655
Lockheed Martin Corporation, Thales Group, L3Harris Technologies, Elbit Systems, Raytheon Technologies Inc, BAE Systems Plc, Moog Inc, Honeywell Aerospace Inc, Boeing, and Rheinmetall AG are a few of the major players operating in the directed energy weapons market. Several other directed energy market players such as MBDA, Kratos Defense, Aselsan, Leonardo SpA, Cilas (Ariane Group), General Atomics, Vision4CE, IPG Photonics, Epirus, EDGE Group, etc. have also been analyzed during the study to get a better and holistic view of the directed energy weapons market. Organic and inorganic growth strategies adopted by these companies to expand their product portfolio and global presence are expected to contribute to the directed energy weapons market growth.
The overall directed energy weapons market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the directed energy weapons market size. The process also serves the purpose of obtaining an overview and forecast of the market growth with respect to all market segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights into the topic. Participants of this process include VPs, business development managers, intelligence managers, and national sales managers-along with external consultants such as valuation experts, research analysts, and key opinion leaders-specializing in the global directed energy weapons market.
Table Of Contents
1. Introduction
1.1 Scope of the Study
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Directed Energy Weapons Market Landscape
4.1 Market Overview
4.2 Porter's Five Force Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat to New Entrants
4.2.4 Threat to Substitutes
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
4.4 Expert Opinion
4.5 Impact of Russia-Ukraine War on the Defense Industry
5. Directed Energy Weapons Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Adoption of Directed-Energy Weapons as Countermeasures
5.1.2 Rising Focus on Developing High-Energy DEWs
5.2 Market Restraints
5.2.1 Severe Health Consequences of Using Directed Energy Weapons
5.3 Market Opportunities
5.3.1 Military Research & Development Programs for Directed Energy Weapons
5.4 Future Trends
5.4.1 Increasing Focus on Development of Microwave Directed Energy Weapons
5.5 Impact Analysis of Drivers and Restraints
Continued…...!
Contact Us:
If you have any queries pertaining to the report or would like further information, feel free to reach out to us at-
Contact Person: Ankit Mathur
E-mail: sales@premiummarketinsights.com
Phone: +1-646-491-9876
About Us:
Premium Market Insights is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost-effective research reports and solutions from various publishers.
The market research industry has changed in last decade. As corporate focus has shifted to niche markets and emerging countries, a number of publishers have stepped in to fulfil these information needs. We have experienced and trained staff that helps you navigate different options and lets you choose best research solution at most effective cost.
Premium Market Insights has an extensive coverage of industry reports, company reports and country reports across all industries. In case your research needs are not met by syndicated reports offered by leading publishers, we can help you by offering a customized research solution by liaising with different research agencies saving your valuable time and money.
We provide best in class customer service and our customer support team is always available to help you on your research queries. Our commitment to customer service is best exemplified by free analyst support that we offer to our clients which sets us apart from any other provider. We also offer enterprise subscriptions which provide significant cost savings to our clients.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Directed Energy Weapons Market worth US$ 5,737.45 Million by 2028 - Exclusive Research by Premium Market Insights here
News-ID: 3130091 • Views: …
More Releases from Premium Market Insights
The Future of HVAC: Trends and Innovations
The Europe HVAC System Market HVAC system market was valued at US$ 50,772.07 million in 2022 and is expected to reach US$ 1,25,024.86 million by 2030; it is estimated to grow at a CAGR of 11.9% from 2022 to 2030.
𝐆𝐫𝐚𝐛 𝐏𝐃𝐅 𝐓𝐨 𝐊𝐧𝐨𝐰 𝐌𝐨𝐫𝐞➜ https://www.businessmarketinsights.com/sample/BMIRE00026922?utm_source=OpenPR&utm_medium=10694
Rise in Demand for Energy-Efficient Solutions Fuel the Europe HVAC System Market
Greenhouse gases are the primary sources of global warming and climate change. These gases absorb…
Automated External Defibrillators Market New Business Opportunities and Investme …
The Automated External Defibrillators Market is estimated to reach US$ 2,207.94 million in 2030 from US$ 1,556.21 million by 2030; the market is projected to record a CAGR of 4.5% from 2022 to 2030.
Some of the key driving factors for the automated external defibrillators market growth are the increasing prevalence of cardiovascular diseases and rising training and awareness programs on automated external defibrillators. However, performance issues related to automated external…
Hydrolyzed Collagen Market Types and Applications, Industry Drivers, Future Dema …
The Hydrolyzed Collagen Market was valued at US$ 946.43 million in 2022 and is projected to reach US$ 1,322.60 million by 2028; it is expected to register a CAGR of 5.7% from 2022 to 2028.
Various end-use industries are adopting business expansion strategies and scaling production capacity to provide better customer satisfaction. For instance, in July 2020, Rousselot and Giusto Faravelli announced a distribution partnership in Italy, effective from October 2020.…
Aroma Ingredients Market Expectations & Growth, Trends Highlighted Until 2028
The Aroma Ingredients Market was valued at US$ 5376.90 million in 2021 and is projected to reach US$ 7692.62 million by 2028; it is expected to grow at a CAGR of 5.2% from 2021 to 2028.
Aroma ingredients are basically isolates of naturally sourced ingredients or chemically produced and are used as ingredients to add aromas or fragrance to various cosmetic and personal care products.
Based on product type, the global aroma…
More Releases for Directed
Key Influencer in the Directed Energy Weapons Market 2025: Modernization And Mil …
What combination of drivers is leading to accelerated growth in the directed energy weapons market?
The surge in modernization and capital allocation towards military platforms is fuelling the growth of the directed energy weapons market. Internationally, there is an ongoing power struggle that necessitates both modernization and amplified funding for the military and defense sectors. Each nation seeks to assert its power and effectively compete with its rivals, leading to the…
Directed Energy Weapons - Revolutionizing Modern Warfare
Introduction
Directed Energy Weapons (DEWs) represent a groundbreaking shift in modern military technology. Unlike traditional weapons that rely on projectiles, DEWs use focused energy, such as lasers, microwaves, or particle beams, to disable, destroy, or damage targets. These weapons offer significant advantages, including precision targeting, minimal collateral damage, and lower operational costs. As global security threats evolve, DEWs are becoming a critical component in the defense strategies of various nations, especially…
Key Emerging Trends in Directed Energy Weapons Market
According to a research report "Directed Energy Weapons Market by Technology (High energy lasers, High-power microwave, electromagnetic weapon technology, Sonic weapon technology), Platform (Land, Airborne, naval, Space), Application, Range, Product and Region - Forecast to 2026" published by MarketsandMarkets,The directed energy weapon market is valued at USD 4.3 billion in 2021 and is projected to reach USD 10.1 billion by 2026 at a CAGR of 18.7%.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=19132295
The…
Self-Directed Investors: Implications for Wealth Managers; Understanding how sel …
Summary
Although advisory and discretionary asset management services are more profitable to wealth managers, they cannot afford to ignore the needs of clients who self-direct. Globally over a quarter of HNW wealth is invested independently of wealth managers’ mandates. Furthermore, a large chunk of assets already brought to wealth managers sits within execution-only platforms. Technological and regulatory changes in the financial services industry have affected the drivers for investors to self-direct…
Self-Directed Investors: Implications for Wealth Managers; Understanding how sel …
Summary
Although advisory and discretionary asset management services are more profitable to wealth managers, they cannot afford to ignore the needs of clients who self-direct. Globally over a quarter of HNW wealth is invested independently of wealth managers’ mandates. Furthermore, a large chunk of assets already brought to wealth managers sits within execution-only platforms. Technological and regulatory changes in the financial services industry have affected the drivers for investors to self-direct…
Self-Directed Investors: Implications for Wealth Managers; Understanding how sel …
Summary
Although advisory and discretionary asset management services are more profitable to wealth managers, they cannot afford to ignore the needs of clients who self-direct. Globally over a quarter of HNW wealth is invested independently of wealth managers’ mandates. Furthermore, a large chunk of assets already brought to wealth managers sits within execution-only platforms. Technological and regulatory changes in the financial services industry have affected the drivers for investors to self-direct…