The Global Directed Energy Weapon Market was valued at USD 13.23 billion in 2021 and is expected to reach USD 104.03 billion by 2029, registering a CAGR of 29.40% during the forecast period of 2022-2029.
Directed Energy Weapon Market Dynamics
This section deals with understanding the market drivers, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Use in Defense Forces
The growing demand for directed energy weapon (DEWs) systems in defense forces globally is the main driver for the directed energy weapons market. Extensive research and development in the field of directed energy technologies is also a driver for the directed energy weapons market.
- Increase in Terrorist Activities
The increase in the number of terrorist activities and hostilities globally accelerate the directed energy weapon market. Thus, the rise in the procurement of defense equipment by prominent militaries also has a positive impact on the market.
- Demand for Non-Lethal Weapons
The requirement of low-cost precision weapons and increasing demand for non-lethal weapons is a driver of the market. Growing defense programs for directed energy weapon systems further influence the market.
Opportunities
Furthermore, technological advancement in laser technology extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, rise in unmanned aerial vehicles (UAVs) deployment will further expand the market.
Restraints/Challenges
On the other hand, high development cost and restrictions on anti-personnel lasers are expected to obstruct market growth. Also, utilization of DEW for law enforcement missions and increased barriers in designing military DEW systems are projected to challenge the directed energy weapons market in the forecast period of 2022-2029.
Market Analysis and Size
Global Directed Energy Weapon Market was valued at USD 13.23 billion in 2021 and is expected to reach USD 104.03 billion by 2029, registering a CAGR of 29.40% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Global Directed Energy Weapon Market Scope and Market Size
The directed energy weapons market is segmented on the basis of technology, high energy laser system, product, end user and application.
Technology
- High Energy Laser
- High Power Microwave
- Particle Beam
High Energy Laser System
- Fiber Laser
- Free Electron Laser
- Solid-state Laser
- Chemical Laser
Product
- Lethal
- Non-lethal
End User
- Ship-based
- Land Vehicles
- Airborne
- Gun Shot
Application
- Homeland Security
- Defense
Competitive Landscape and Directed Energy Weapon Market
Some of the major players operating in directed energy weapons market are
- Lockheed Martin Corporation. (US)
- Raytheon Technologies Corporation (US)
- Northrop Grumman Corporation. (US)
- Boeing (US)
- BAE systems (UK)
- L3Harris Technologies, Inc. (US)
- MBDA (France)
- Moog Inc. (US)
- Applied Companies. (US)
- Textron Inc. (US)
- Rafael Advanced Defense Systems Ltd. (Israel)
- Rheinmetall AG (Germany)
- QinetiQ (UK)
- Thales Group (France)
- Skyworks Solutions, Inc. (US)
- Lumentum Operations LLC (US)
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MAJOR TOC OF THE REPORT
Ø Chapter One: Intoduction
Ø Chapter Two: Market Dynamics
Ø Chapter Three: Market Analysis
Ø Chapter Four: Market Scope & size
Ø Chapter Five: Weapon Market
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