Directed Energy Weapons Market Report, Share, Size, Growth,...

Directed Energy Weapons Market Report, Share, Size, Growth, Opportunity and Forecast Analysis 2023-2028

Posté 2023-01-15 13:39:22

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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.

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).

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Market Trends and Drivers:

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.

Directed Energy Weapons Market 2023-2028 Competitive Analysis and Segmentation:

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

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
- Chemical Laser
- Fiber Laser
- Free Electron Laser
- 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

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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.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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