Global Directed Energy Weapons Market Size, Share & Trends Analysis Report, By Technology, By Lethality, By Platform, By Application, By Region Forecasts, 2023-2032

Global Directed Energy Weapons Market Size, Share & Trends Analysis Report, By Technology, By Lethality, By Platform, By Application, By Region Forecasts, 2023-2032

Global Directed Energy Weapons Market was valued at US $ 10.2billion in 2023 and is expected to reach US $ 20.89 billion by 2032 growing at a CAGR of 9.48% during the forecast period 2024 – 2032.

Weapon technologies include microwave, electromagnetic field, particle beam, and acoustic energy directed energy weapons. These weapons focus their energy on a specific target, unlike conventional projectiles. One criticism of the DEW's usefulness is that it can harm a variety of electronic equipment, including commercial and military ones. They can confuse, block, or completely destroy anything they can perceive with their electromagnetic cone.

The sector is expanding due to a number of variables, including the growing threat of terrorism, the need for increased accuracy and non-proliferation of collateral damage, and the navy's quick adoption of these weapons, among many others. First and foremost, ethical and health concerns, technological barriers, and constraints can impede this expansion. Furthermore, advanced technology, research and development, and the combination of directed energy weapons and conventional weapons present a great chance for market players in the directed energy weapons sector to grow.

“High energy laser segment, by technology, to be dominating market from 2023 to 2030.”

Based on its share of the market in 2023, the high energy laser technology category is expected to increase at the fastest rate and lead the industry. The market is expected to develop at a rapid rate during the projected period due to advancements in laser technology and the increased demand for high-energy laser technology. They forecast that the widespread use of the high-power laser in DEW systems will lead to a growth in the segmented market between 2023 and 2030.

“Lethal segment, by lethality, to be dominating market from 2023 to 2030.”

In 2023, the lethal segment held the highest market share and is expected to dominate the market during the forecast period. The increased use of lethal directed energy weapons by the fighting armies throughout the world is driving up the growth rate predicted for this period. This is because more states are emphasising the need to destroy enemy military targets before attacking civilians and soldiers in combat zones.

“Land based DEW segment, by platform, to be dominating market from 2023 to 2030.”

In comparison to other categories, the land-based DEW segment held the largest proportion in 2023. All across the world, militaries have made investments in R&D, allocating their allotted defence budget to particular government departments like R&D. During this forecast period, research and development as well as the need for stealth-based target action devices are anticipated to propel market growth.

“Defense segment, by application, to be dominating market from 2023 to 2030.”

It is anticipated that the defence sector will control the majority of the market in the forecast period. Furthermore, this segment will see the fastest-growing CAGR over the projection period. The US Department of Defence has prioritised the acquisition of DE weaponry in a number of sectors, including top companies and military wings worldwide, as more domestic threats surface.

“Asia Pacific to be fastest growing region in Directed Energy Weapons market.”

Over the course of the forecast period, the Asia Pacific market is anticipated to register the greatest CAGR. This growth is the result of increased funding for research and development of directed energy technologies by both domestic and international market participants, as well as a rise in the adoption of these systems for use in homeland security and the military. Furthermore, the development of controlled energy technologies made possible by funding given to certain state-owned enterprises has also benefited from the distribution of investments made in this field across different governments.

Directed Energy Weapons Landscape

The competitive landscape of the Directed Energy Weapons market involves assessing the competitive landscape to understand the strengths, weaknesses, opportunities, and threats of the industry. Key industry players have recognized that the adoption of Directed Energy Weapons technology holds the potential for further growth. The growing desire among producers to optimize their production costs has spurred collaborative efforts among companies to scale up their production capacity. This strategic collaboration not only aims to increase revenue but also seeks to establish dominance in the market.

The Directed Energy Weapons market is highly competitive, with numerous companies vying for market share. Prominent companies in the Directed Energy Weapons Market include:

Diehl Defense GmbH & Co. KG (Germany), Honeywell International Inc. (U.S.), Elbit Systems Ltd. (Israel), BAE Systems Plc (U.K.), II-VI Inc. (U.S.), L3Harris Technologies Inc. (U.S.), Kord Technologies (U.S.), Lockheed Martin Corporation (U.S.), Leonardo S.p.A. (Italy), Raytheon Technologies Corporation (U.S.), Northrop Grumman Corporation (U.S.), Rheinmetall AG (Germany), Rafael Advanced Defense Systems Ltd. (Israel), The Boeing Company (U.S.), Thales Group (France) and others.

Recent Developments:

An undisclosed Asia Pacific state placed an order with Elbit Systems Limited in July 2022 for IR-PAWS (Infrared-based Passive Airborne Warning Systems) EW systems and C-MUSIC aimed in It is anticipated that this agreement will be finished in the upcoming two years.

A contract for USD 69.6 million was given to RCCTO, a US Army organisation, in November 2021 for the design and testing of a 300KW HELWS against UAVs and other airborne threats, both current and potential. These systems are designed to be attached to fixed or semifixed military assets in order to support future operations, as required by the US Army.

KBR proved they were technologically prepared for the first DE's M-SHORAD user test and assessment utilising Strykers mounted systems in September 2021.

The UK Ministry of Defence stated in September 2021 that it had given a USD 100.32 million order to the UK industrial consortium headed by BAE Systems Plc, Thales UK Ltd, and Raytheon UK Ltd. Three directed energy weapon demonstrations, including a potential high-powered laser DEW, are being developed, tested, and produced as part of Project Tracey. These consist of high-energy laser weapon demonstrators mounted on Wolfhound armoured vehicles, ground-based demonstrations mounted on MAN SV vehicles, and Wolfhound armoured vehicle demonstrators.

In January 2021, the Rheinmetall Waffen munition gmbh and mbda Deutschland heading a consortium received a contract from the German armed forces equipment, info tech, and in service support federal office (baainbw) to perform RDT.