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Increasing Modernization and Military Investment are Powering the Growth of the Directed Energy Weapons Market || Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Company
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032The Business Research Company's Directed Energy Weapons Global Market Report 2023 the rising modernization and investment in military platforms is the major driver for the directed energy weapons market's growth in the forecast period. A war for power is going on globally, which needs modernization and increased investment in military and defense. Every country wants to remain in power and compete with its competitors, so they are adopting advanced and modern weapons, such as directed energy weapons. According to the International Institute for Strategic Studies, an authority on global security, political risk, and military conflict, global defense spending increased by 3.9% annually to $1.83 trillion in 2020.
The global dispersant polymer market size grew from $7.75 billion in 2022 to $8.53 billion in 2023 at a compound annual growth rate (CAGR) of 10.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The dispersant polymer market size is expected to grow to $12.2 billion in 2027 at a CAGR of 9.4%.
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Major competitors in the directed energy weapons market are Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Company, Boeing, BAE Systems PLC, Textron Inc., Rheinmetall AG, L3Harris Technologies Inc., Moog Inc.
A key trend in the directed energy weapons market includes technological advancement. The major companies operating in the directed energy weapons market focus on developing weapons integrated with artificial intelligence. Artificial intelligence will enable systems for comprehensive networking of command, control, and communication for weapons like hypersonic weapons. For instance, in June 2022, Chinese military researchers claimed to have created artificial intelligence technology that can predict a hypersonic glide missile's trajectory as it closes in on a target at a speed greater than five times the speed of sound.
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The Directed Energy Weapons market is segmented -
• By Product: Lethal Weapons, Non-Lethal Weapons
• By Technology: High Energy Laser, High Power Microwave, Electromagnetic Weapons, Sonic Weapons
• By End-User: Land, Airborne, Naval
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the directed energy weapons market.
The Business Research Company's "Global Directed Energy Weapons Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Directed Energy Weapons Market Include:
1. Executive Summary
2. Directed Energy Weapons Market Characteristics
3. Directed Energy Weapons Market Trends And Strategies
4. Directed Energy Weapons Market - Macro Economic Scenario
5. Directed Energy Weapons Market Size And Growth
……………
27. Directed Energy Weapons Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Directed Energy Weapons Market
29. Directed Energy Weapons Market Future Outlook And Potential Analysis
30. Appendix
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