DUBLIN, June 28, 2023 /PRNewswire/ — The “Directed Energy Weapons: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for Directed Energy Weapons estimated at US$21.4 Billion in the year 2022, is projected to reach a revised size of US$111.4 Billion by 2030, growing at a CAGR of 22.9% over the analysis period 2022-2030.
High Energy Laser, one of the segments analyzed in the report, is projected to record a 24.6% CAGR and reach US$78.9 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the High-Power Microwave segment is readjusted to a revised 20% CAGR for the next 8-year period.
The U.S. Market is Estimated at $8.1 Billion, While China is Forecast to Grow at 26.2% CAGR
The Directed Energy Weapons market in the U.S. is estimated at US$8.1 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$17.5 Billion by the year 2030 trailing a CAGR of 26.2% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 19.3% and 20.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 22.1% CAGR.
Select Competitors (Total 45 Featured) –
BAE Systems plc
Elbit Systems Ltd.
Honeywell International Inc.
Lockheed Martin Corporation
MBDA Missile Systems
Northrop Grumman Corporation
Rafael Advanced Defense Systems Ltd.
Raytheon Technologies Corporation
Rheinmetall AG
Thales Group
The Boeing Company
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Directed Energy Weapons – Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Impact of COVID-19 and a Looming Global Recession
COVID-19 Leaves the World in Shambles & Industries and Markets Upended: World Economic Growth Projections (Real GDP, Annual % Change) for 2019E to 2022F
Disruptions in Military Training Inflicts Direct Blow on Directed Energy Weapons Market
Infection Spread Disrupts Military Personnel Training & Troop Deployment: Cumulative Number of COVID-19 Cases Across the Defense Department in the U.S. in May, June, September & November 2020
Rising Fiscal Deficits Puts Defense Spending on the Chopping Block, Affecting DEW Market
Dual Public Health & Economic Crisis to Send Defense Spending Plummeting After Recording a 10-Year High in 2019: Global Defense Spending (In US$ Billion) for Years 2016, 2017, 2018, 2019, 2020 & 2023
Directed Energy Weapon (DEW): A Type of Smart Weapon
An Overview of Directed Energy Weapon (DEW)
High Energy Laser (HEL)
High-Power Microwave (HPM)
Particle Beam Weapons
Global Market Prospects & Outlook
Directed Energy Weapons to Witness Growth in Demand
World Directed Energy Weapons Market by Application (2020 & 2027): Percentage Breakdown of Sales for Defense, and Homeland Security
Analysis by Technology: High Energy Laser Leads Adoption
World Directed Energy Weapons Market by Technology (2020 & 2027): Percentage Breakdown of Sales for High Energy Laser, High-Power Microwave, and Particle Beam
Regional Analysis
World Directed Energy Weapons Market by Region (2020 & 2027): Percentage Breakdown of Sales for Developed and Developing Regions
Global Directed Energy Weapons Market: Geographic Regions Ranked by CAGR (Value) for 2020-2027: China, Asia-Pacific, USA, Rest of World, Europe, Canada, and Japan
Competitive Scenario
Recent Market Activity
Select Innovations & Advancements
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Evolving Role of Electronic Warfare to Trigger Broad-based Opportunities for Directed Energy Weapons
DEW Market to Gain from Sustained Emphasis on R&D
DEWs Seek Role in Counter-Drone Equipment
Increasing Use of Drones in the Battlefield Pushes Up the Need for Counter-Drone Systems: Global Market for Military Drones (In US$ Billion) for the Years 2018, 2020, 2022 and 2024
Anti-Ballistic Missile Systems: Niche Vertical for DEWs
Escalating Global Arms Race Provides the Perfect Platform for Future Progress of DEW Market
Ever-Hostile Geopolitical Scenario & Relentless Quest for Military Supremacy Pave the Way for Rise of DEWs
Military Expenditure as a % of GDP in Select Countries
Sustained Efforts to Strengthen Anti-Terrorism & Counter-Insurgency Departments to Drive Future Adoption of DEWs
Continued Threat of Terrorism Drives the Focus on Surveillance as Counterterrorism Response: Global Number of Fatalities (in ‘000) Due to Terrorist Attacks: 2012-2017
New Generation Radar Systems Empower DEWs with Robust Capabilities
Growing Importance of Smart Weapons Enthuses DEWs Market
Directed Energy HPM Weapons Seek Bigger Role
Sonic & Ultrasonic Weapons: Using Sound Waves to Incapacitate Enemy
Electromagnetic Weapons Aid in Disabling Enemy with Minimal Collateral Damage
Despite the Intriguing Potential, Particle Beam Weapons Remain a Distant Dream
Quest to Modernize Defense Forces Set to Drive Broader Adoption of Laser Weapon Systems
US Navy Gears Up to Develop & Deploy Laser Weapons
Plasma Weapons Display Exciting Evolutionary Journey to Offer Powerful Options
Resolving Technical Limitations: Vital for Future Growth of DEWs Market
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/2x3bd4
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