Directed Energy Weapons Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Directed Energy Weapons Market
The directed energy weapons market size was valued at USD 9.24 billion in 2022, and the market is now projected to grow from USD 10.24 billion in 2023 to USD 20.89 billion by 2031, exhibiting a CAGR of 9.48% during the forecast period of 2022-2029.
The influence of the COVID-19 pandemic caused in average development of the directed energy weapons market during the investigation period. This development is due to the modernization and technological innovations in high-energy laser technology platforms universally during the significant period. However, the pandemic has obstructed the assigned resources by nations worldwide to support the intense pandemic. The company has experienced an undesirable influence due to supply chain stresses, human resources, product scarcities, and augmented raw materials, services, dealer products, and labour charges.
According to the U.S. Department of Defense, DEW can produce least to no protection damage to physical arrangements in the surroundings or the mark of sight. This feature suits them extreme for urban warfare, skirmishes, or strong air defence systems. According to the CRS report on U.S. Army Weapons-Related Directed Energy Programs, Directed Energy Weapons Programs are in the favourable phases, which are the U.S. Navy’s LaWs (Laser Weapon System) program, the U.S. Army’s C-RAM (Counter Rockets, Artillery, and Mortars) Program, and SHORAD (Short Range Air Defense) Program.
The technological improvements in air defence systems have augmented the abilities to counter the suppression and destruction by Air Forces world-wide to enhance the directed energy weapons market growth. During the prediction period, ground services will need the abilities to counter the next-generation incorporated multi-layer air defence systems to ease air superiority to its Air Forces’ assets. According to military organizers and defence specialists, conventional blast and fragmentation weapons cannot make a technological innovation for forthcoming battleground situations.
Comprehensive Analysis of Directed Energy Weapons Market
The market can be segmented in various ways, depending on the focus of analysis such as by technology, by lethality and by platform, by application. Based on technology, the market is classified into high-energy laser technology, high-power microwave technology, particle beam weapons, plasma weapons, and sonic weapons. Based on lethality, the market is classified into lethal and non-lethal. By platform, the market is classified into land-based, airborne-based, ship-based, and space-based DEW. By application, the market is divided into defense and homeland security.
North America region is dominating the directed energy weapons market share due to high federal budget distribution for new-generation electronic warfare weapons for shield against several threats for land, sea, and air defence uses.
The key players are enthusiastically contributing in planned events that are targeted at maintaining durable market position and growing market share by merger, partnerships and others. These players include Diehl Defense GmbH & Co. KG (Germany), Elbit Systems Ltd. (Israel), Honeywell International Inc. (U.S.), II-VI Inc. (U.S.), BAE Systems Plc (U.K.), Kord Technologies (U.S.), L3Harris Technologies Inc. (U.S.), Leonardo S.p.A. (Italy), Lockheed Martin Corporation (U.S.), Northrop Grumman Corporation (U.S.), Rafael Advanced Defense Systems Ltd. (Israel), Raytheon Technologies Corporation (U.S.), Rheinmetall AG (Germany), Thales Group (France), The Boeing Company (U.S.) these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.
In July 2022, Elbit Systems Limited was awarded a deal worth USD 80 million to provide IR-PAWS (Infrared-based Passive Airborne Warning Systems) EW systems and C-MUSIC directed infrared countermeasures to an unidentified Asia Pacific country. This agreement will be satisfied within the succeeding two years.
Segmentation Table
ATTRIBUTE
DETAILS
Study Period
2018-2029
Base Year
2021
Estimated Year
2022
Forecast Period
2022-2029
Historical Period
2018-2020
Unit
Value (USD Billion)
Segmentation
By Technology, Lethality, Platform, Application, and Region
By Technology
High Energy Laser Technology
High Power Microwave Technology
Particle Beam Weapons
Plasma Weapons
Sonic Weapons
By Lethality
Lethal
Non-Lethal
By Platform
Land-based DEW
Airborne-based DEW
Ship-based DEW
Space-based DEW
By Application
Defense
Homeland Security
By Region
North America (By Technology, By Lethality, By Platform, By Application, and By Country)
- U.S. (By Technology)
- Canada (By Technology)
Europe (By Technology, By Lethality, By Platform, By Application, and By Country)
- U.K. (By Technology)
- Germany (By Technology)
- France (By Technology)
- Russia (By Technology)
- Rest of Europe (By Technology)
Asia Pacific (By Technology, By Lethality, By Platform, By Application, and By Country)
- China (By Technology)
- India (By Technology)
- Japan (By Technology)
- South Korea (By Technology)
- Australia (By Technology)
- Singapore (By Technology)
- Rest of Asia Pacific (By Technology)
Middle East & Africa (By Technology, By Lethality, By Platform, By Application, and By Country)
- Turkey (By Technology)
- Israel (By Technology)
- Saudi Arabia (By Technology)
- UAE (By Technology)
- South Africa (By Technology)
- Rest of Middle East & Africa (By Technology)
Latin America (By Technology, By Lethality, By Platform, By Application, and By Country)
- Mexico (By Technology)
- Brazil (By Technology)
- Rest of Latin America (By Technology)
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