Global Directed Energy Weapons Market Size Insights Forecasts to 2032

• The Global Directed Energy Weapons Market Size was valued at USD 5.23 Billion in 2022.
• The Market is Growing at a CAGR of 15.6% from 2022 to 2032.
• The Worldwide Directed Energy Weapons Market Size is expected to reach USD 22.31 Billion By 2032.
• Asia Pacific is expected to grow the fastest during the forecast period.

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The Global Directed Energy Weapons Market size is anticipated to exceed USD 22.31 Billion By 2032, Growing at a CAGR of 15.6% from 2022 to 2032.

 

The rapid increase in defense expenditures in developed as well as emerging nations as a result of increasing international conflicts has accelerated the acquisition of brand-new air, land, and sea platforms. The defense sector is making investments in the integration of innovative weapon systems, such as directed energy weapons, into vehicles, which is driving market Growth.         

 

Market Overview

A targeted force is a weapon that releases a fixed force and is capable of transmitting that force to the target. The targeted arms market is known for manufacturing extremely powerful beams. They rely heavily on a single optical system to track or simply focus on the target. Lasers are widely regarded as the most sophisticated type of DEW weapon. Furthermore, mirrors can easily guide these poles to destroy invisible targets from the source. The technology has advanced to the point where fully functional DEW systems are currently being designed and tested for impending deployment as a result of intensive research into DEW sources and the parallel advancements in beam directing technology. The right environment is being created for the expanding demand for DEW systems by developments in 21st-century information technology, material technology, and space-based capabilities. An iconic example of how DEW technology is evolving into a potent weapon system with previously unimaginable military capabilities is the US Air Force's project on airborne laser (ABL). The North American and European regions are home to the majority of players in the competitive and diversified directed energy weapons market. Based on their core competencies, businesses dominate the market. The Boeing Company, L3Harris Technologies, Inc., Raytheon Technologies Corporation, Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Raytheon Technologies Corporation (US), and BAE Systems plc (UK) are important market participants.

 

Report Coverage

This research report categorizes the market for the global directed energy weapons market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the directed energy weapons market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the directed energy weapons market.

 

Driving Factors

The market for directed energy weapons expanded significantly as a result of technological advancements. Directed energy weapons have become more effective and potent as a result of advancements in laser technology, beam control, power generation, and cooling systems. Directed energy weapons have become more dependable and economical as these technologies have advanced. The modernization of defense capabilities was a top priority for many nations. Directed energy weapons were superior to conventional kinetic weapons in a number of ways, including lower logistics and maintenance costs, improved precision, and longer engagement ranges. As a result, armed forces all over the world became increasingly interested in adding directed energy weapons to their arsenals.

 

Restraining Factors

Modern cutting-edge technology, directed energy weapons frequently had high development and production costs. This limited their adoption to well-funded defense departments or powerful nations, making them less accessible to some nations.

 

Market Segmentation

The Global Directed Energy Weapons Market share is classified into type, technology, and applications.

• The lethal segment is expected to hold the largest share of the global directed energy weapons market during the forecast period. 

The global directed energy weapons market is categorized by type into lethal and non-lethal. Among these, the lethal segment is expected to hold the largest share of the global directed energy weapons market during the forecast period. The increasing demand for lethal and accurate weapons has driven the segmental growth. The directed energy weapons market is expanding at an exponential rate as a result of military forces all over the world increasing their demand for precision technology in lethal weapons. Lethal directed energy weapons include automated shotguns, electromagnetic bombs (e-bombs), guided projectiles fired from guns, microwave guns, navy laser cannons, plasma cannons (electrothermal accelerator), plasma grenades, and rail guns. 

 

• The high energy laser segment is expected to hold the largest share of the global directed energy weapons market during the forecast period.   

Based on the technology, the global directed energy weapons market is divided into high energy laser, high power microwave, particle beam, and others. Among these, the high energy laser segment is expected to hold the largest share of the global directed energy weapons market during the forecast period. During the forecast period, it is expected that the high demand for high-energy laser technology and technological advancements in laser technology will drive the market growth. The segmental market is anticipated to grow at a faster rate during the forecast period due to an increase in the use of high-energy laser technology in directed energy weapons.    

 

• The defense segment is expected to hold the largest share of the global directed energy weapons market during the forecast period.               

Based on the applications, the global directed energy weapons market is divided into defense and homeland security. Among these, the defense segment is expected to hold the largest share of the global directed energy weapons market during the forecast period. In terms of directed energy weapon market share in 2022, the defense sector is thought to be the largest segment, and it is also predicted to grow at the fastest rate. In response to the escalating threats to national security, major market players and armed forces from around the world have been investing in and implementing the next-generation DE weapons through their federal budget allocations for their respective armed forces.                

 

Regional Segment Analysis of the Global Directed Energy Weapons Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

North America accounted for the largest share of the global directed energy weapons market in 2022.

 

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North America accounted for the largest share of the global directed energy weapons market in 2022. New electronic warfare weapons are heavily funded by the federal government and are used for land, sea, and air defense applications to protect against a variety of threats. Additionally, the market growth during the projected period is being driven by the high adoption rate of weapon systems using laser technology.    

Asia Pacific is expected to grow at the fastest pace in the global directed energy weapons market during the forecast period. Due to recent rapid economic growth, rising security threats, and rising border disputes, there has been an increase in demand for directed energy weapons. The probability of being the target of terrorist attacks has led to increases in military spending in China, Japan, and India in recent years.      

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global directed energy weapons along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

• Diehl Defense GmbH & Co. KG 
• Elbit Systems Ltd. 
• Honeywell International Inc. 
• II-VI Inc. 
• BAE Systems Plc 
• Kord Technologies 
• L3Harris Technologies Inc. 
• Leonardo S.p.A. 
• Lockheed Martin Corporation 
• Northrop Grumman Corporation 
• Rafael Advanced Defense Systems Ltd. 
• Raytheon Technologies Corporation 
• Rheinmetall AG 
• Thales Group 
• The Boeing Company 
• Others

 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

 

Recent Developments

• In January 2023, A $40 million contract for 14 anti-drone weapon systems to bolster Ukraine's security forces was given to L3Harris Technologies, Inc.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Directed Energy Weapons Market based on the below-mentioned segments:

 

Global Directed Energy Weapons Market, By Type

• Lethal
• Non-lethal

 

Global Directed Energy Weapons Market, By Technology

• High Energy Laser
• High Power Microwave
• Particle Beam
• Others

 

Global Directed Energy Weapons Market, By Application

• Defense
• Homeland Security

 

Global Directed Energy Weapons Market, By End Use

• Airborne
• Sea
• Land
• Space

 

Global Directed Energy Weapons Market, By Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa