Electromagnetic Weapons Market Forecasts to 2028 – Global Analysis by Product (Lethal weapons, Non-lethal weapons), Technology (Particle beam weapons (PBW), Laser-induced plasma channel (LIPC)), Platform (Land, Airborne, Naval), Application (Military, Homeland security), and By GeographyAccording to Stratistics MRC, the Global Electromagnetic Weapons Market is accounted for $ 518.38 billion in 2022 and is expected to reach $ 1684.19billion by 2028 growing at a CAGR of 21.7% during the forecast period. Inflicting pain or long-lasting harm on a target, electromagnetic weapons use electromagnetic radiation to transfer heat, mechanical, or electrical energy. These weapons have powerful electromagnetic pulses that can damage objects physically as well as interfere with the operation of electrical devices. These weapons damage electronic systems by creating harmful voltage within electrical lines. Utilizing concentrated electrical and magnetic energy, electromagnetic weapons disable vital enemy electronics used for computers, displays, navigation, and communication.
According to the European Defence Agency (EDA) selected a nine-member consortium (including Naval Group, Nexter Systems and Diehl Defense) to develop electromagnetic rail guns. The project is expected to demonstrate rail gun in 2022 and the consortium will explore the possibility of integrating the weapon on land and naval platforms. The Department of Defense is in plans to equip the HELIOS laser defense system on Arleigh Burke-class destroyer in 2021. This laser system will replace the Rolling Airframe Missile (RAM) system. Earlier, Lockheed Martin Corporation was awarded USD 150 million to design, build, and deliver a replacement system for RAM systems by 2020.
Market Dynamics:
Driver:
Rising demand for electromagnetic weapons in combat operations
One of the most cutting-edge electromagnetic energy technologies is the quick development of high-power microwave weapons and the adoption of electromagnetic weapons to counter the threat of Unmanned Aerial Vehicles (UAVs). These weapons are being added to military systems like satellites, aircraft, mobile vehicles, and ships on a more frequent basis. Electromagnetic weapons have been studied and developed by a number of defence manufacturers and integrators during the past few decades, and they are currently becoming more operational.
Restraint:
Restrictions on anti-personnel high power microwave
International law does not have a definitive definition of electromagnetic weapons, and no multilateral institution currently in existence has electromagnetic weapons on its agenda. However, there are a number of legal systems that might cover electromagnetic weapons. The possibility of electromagnetic weapons calls into doubt a number of international legal instruments, most notably those that regulate the use of force. Some EMWs are distinguished from ""lethal"" weapons by being labelled as ""nonlethal"" or ""less-lethal."" One of the most contentious subjects in defence is the deployment of low-energy microwave weapon systems against people. These reasons have prevented the implementation of several EMW systems created for military use in conflict.
Opportunity:
Increase in research and development of advanced electromagnetic weapon technologies
Any nation choosing an electromagnetic weapon must take improved system reliability into consideration. A variety of defence platforms, including combat vehicles, can gather and distribute capabilities with the use of cutting-edge hardware components. To improve detection rates, these electromagnetic weapons are placed at key locations. Modern, highly accurate electromagnetic weapons have made it necessary for nations with border disputes and regional threats to rely on them in order to help safeguard their borders. Therefore, the growing R&D in advanced electromagnetic weapons technology is opening up a variety of applications in the defence industry.
Threat:
Increased barriers in designing military grade electromagnetic weapon systems
The design of electromagnetic weapon systems utilised by the military sector has become more complex, which has increased the weapon systems' complexity. The design of electromagnetic weapon systems has become more sophisticated as a result of the defence industry's demand for electromagnetic weapon system components that can perform parallel operations with less power consumption and a reduction in size and weight. On the other hand, ongoing improvements in military electronics necessitate that contemporary electromagnetic weapon systems adhere to the same design specifications. It is difficult for vendors to keep up with changing processes and technical advancements while also developing innovative and complicated designs that are acceptable for producers of military systems and equipment.
Covid-19 Impact
The COVID-19 pandemic has seriously harmed the economies of many nations throughout the world. It has also had an impact on the production of electromagnetic weapon systems, subsystems, and components. Despite the criticality and relevance of electromagnetic weapons for national integration, supply chain issues have temporarily halted their production. The extent of COVID-19 exposure, the efficiency of manufacturing processes, and import-export laws are a few of the elements that determine when manufacturing can resume. Orders may still be being accepted by businesses, but delivery dates may not yet be set.
The military segment is expected to be the largest during the forecast period
The global market for electromagnetic weapons is divided into two application categories: military and home security. The military sector is further divided into close air support, battlefield air interdiction, border protection, tactical air and missile defence, anti-ballistic missile defence, anti-satellite missile defence, and military base protection. Airport protection, critical infrastructure protection, and other sub-segments are included in the homeland security segment. Over the course of the forecast period, the military segment is anticipated to register the largest and most robust share in the global market. The expansion of this market is linked to an increase in the demand from militaries throughout the world for more advanced technologies and devastating weaponry capabilities.
The lethal weapons segment is expected to have the highest CAGR during the forecast period
Based on the product type, the market is segmented into lethal weapons, non-lethal weapons. The lethal weapons segment is captured to be more profitable and predicted to record a strong CAGR during the forecast period. These lethal products, which are primarily intended for military usage, include the rail gun, electromagnetic bombs (e-bombs), plasma cannon (electrothermal accelerator), microwave gun, navy laser cannon, gun-launched guided missile, automatic shotguns, and many others. Lethal electromagnetic weapons are the subject of significant research and development, as well as testing and demonstration efforts.
Region with highest share:
The US defence departments are engaged in the development of extremely advanced electromagnetic weapon systems, including high energy lasers and high-power microwaves, which are projected to continue to drive revenue growth. The electromagnetic weapons market in North America is expected to account for a bigger revenue share among other regional markets during the forecast period as a consequence of increased spending by governments in the region on electromagnetic weapons technology.
Region with highest CAGR:
The electromagnetic weapons market had the biggest share of contributions from Asia-Pacific. Due to the region's rapid economic growth, rising security risks, and rise in border disputes, the market for electromagnetic weapons has seen a spike in demand in recent years. Due to the heightened likelihood of being the targets of terrorist attacks, in some regions around Asia Pacific have all upped their military spending in recent years. As a result Asia Pacific is anticipated to hold highest CAGR growth rate during the forecast period.
Key players in the market
Some of the key players profiled in the Care Management Solution Market include Northrop Grumma corporation, Lockheed Martin Corporation, Rafael advanced defense systems, Directed energy technologies inc., Raytheon Technologies Corporation, L3harris technologies, Qinetiq group PLC., Elbit systems LTD., General Atomics, Rheinmetall AG, Honeywell International, BAE Systems, The Boeing Company, Thales Group.
Key Developments:
In February 2021, The US Air Force awarded a contract for Raytheon's High-Energy electromagnetic Weapon System; a system designed to counter drone threats to be deployed on an unidentified combatant command base for operator training and an initial performance evaluation.
In June 2021, Northrop Grumman Corporation received an order worth USD 146 million from the US Air Force to install Large Aircraft Infrared Countermeasure (LAIRCM) systems on US and international fixed-wing and rotary-wing aircraft.
In June 2020, BAE Systems plc. Signed a contract with US Army to develop an electromagnetic rail gun. This contract allows BAE Systems Plc. to leverage our ongoing research, development, and testing to advance rail gun technologies and further develop rail gun weapon systems for Army applications, enhancing their effectiveness against multiple types of threats.
In July 2020, General Atomics Electromagnetic Systems (GA-EMS) was selected as a prime contractor for the US Army Combat Capabilities Development Command (CCDC) Aviation and Missile Center’s (AvMC) Electromagnetic Guided Missile (EGM) prototype program under the Aviation and Missile Technology Consortium (AMTC). GA-EMS will develop advanced missile conceptual designs in direct support of the Multi-Domain Operations (MDO) for the Army Modernization Campaign.
Component Covered:
• Services
• Software
Delivery Mode Covered:
• Cloud-based and Web-based
• On-premises
Application Covered:
• Case Management
• Disease Management
• Utilization Management
• Chronic Care Management
• Other Applications
End User Covered:
• Healthcare Providers
• Healthcare Payers
• Other end users
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
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- Market share assessments for the regional and country-level segments
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- Supply chain trends mapping the latest technological advancements
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