Press release
USD 22.2 Billion Directed Energy Weapons Market Value Cross by 2032 | Top Players such as - Northrop Grumman, BAE Systems, Rheinmetall AG
Directed energy weapons (DEWs) are a form of weapon system that utilizes concentrated electromagnetic energy to incapacitate or eliminate targets. These weapons utilize a variety of energy sources, such as lasers and high-energy microwaves, to provide precise and targeted attacks. Additionally, DEWs are capable of delivering results almost instantaneously, as they can hit targets at a rate equivalent to light speed. DEWs also possess an unlimited ammunition capacity, provided that a power source is present. Furthermore, they are capable of providing more accurate results and have the potential to reduce collateral damage.
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Prime Determinants of Growth:
The global directed energy weapons market is experiencing growth due to several factors, such as the increase in demand for directed energy weapons to achieve precise targeting and reduced collateral damage, the rise in security threats posed by terrorist organizations, and a surge in the adoption of directed energy weapons in navy. However technological limitations and ethical and health concerns hamper the growth of the market. On the contrary, technological advancements continuous research, and integration of directed energy weapons with conventional weapons are expected to offer remunerative opportunities for the expansion of the directed energy weapons market during the forecast period.
Leading Market Players in Directed Energy Weapons Industry: -
Northrop Grumman
BAE Systems
Rheinmetall AG
Thales Group
Leonardo S.p.A.
MBDA
Boeing
RTX
QinetiQ
Lockheed Martin Corporation.
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The high energy laser segment to maintain its leadership status throughout the forecast period-
Based on technology, the high energy laser segment held the highest market share in 2022, accounting for more than half of the global directed energy weapons market revenue, and is estimated to maintain its leadership status throughout the forecast period. Due to a rise in the development of high-energy laser weapons by defense companies to defense forces of various countries for aerial threats. However, the high-powered microwave segment is projected to manifest the highest CAGR of 17.3% from 2023 to 2032. Owing to the rise in the design of high-power microwave technological solutions to counter the emerging threat of drone swarms.
North America to maintain its dominance by 2032-
Based on region, North America held the highest market share in terms of revenue in 2022, accounting for more than two-fifths of the global directed energy weapons market revenue, and is likely to dominate the market during the forecast period. This is because the defense forces of various countries invest in the research and development of directed energy weapons. However, the LAMEA region is expected to witness the fastest CAGR of 18.6% from 2023 to 2032. Owing to a rise in the demand for countering dangerous threats and modernizing armed forces with advanced capabilities.
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KEY FINDINGS OF THE STUDY
By technology, the high power microwave segment is anticipated to exhibit significant growth in the near future.
By platform, the airborne is anticipated to exhibit significant growth in the near future.
By product, the non-lethal segment is anticipated to exhibit significant growth in the near future.
By region, LAMEA is anticipated to register the highest CAGR during the forecast period.
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Explore AMR's Extensive ongoing Coverage on Aerospace and Defense Domain:
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