DUBLIN, July 6, 2023 /PRNewswire/ — The “Directed Energy Weapons Market Share, Size, Trends, Industry Analysis Report, By Lethality , By Technology, By Application, By Platform, By Region, Segment Forecast, 2023 – 2032” report has been added to ResearchAndMarkets.com’s offering.
The global directed energy weapons market size is expected to reach USD 22.10 billion by 2032
The acquisition of brand-new air, land, and sea platforms is being accelerated by the rapid rise in military spending in both developed and developing nations as a result of rising geopolitical tensions. The military is investing in the integration of cutting-edge weapon systems like directed energy weapons into vehicles, which is propelling the market’s expansion.
The U.S. Army publications’ Multi-Domain Suppression of Enemy Air Defense study claims that technical developments in air defense systems have improved the ability to fend off international air forces’ efforts to suppress and destroy airspace. To provide air superiority to its Air Forces’ assets over the predicted period, ground forces will need the ability to fight next-generation integrated multi-layer air defense systems.
Conventional blast and fragmentation weapons cannot achieve a technical breakthrough for upcoming warfare scenarios, claim military strategists and defense specialists. Next-generation weapons technology is expected to be sophisticated and technologically mature, with DE weapons scheduled to be at the forefront of these efforts. DE weapons are predicted to meet conventional and current kinetic energy weapons’ performance criteria by the middle of the 2030s.
A refugee crisis, sanctions against Russia, a shift in the geopolitical environment, and a revitalized NATO are just a few of the dramatic impacts of the conflict between Russia and Ukraine. In response to the conflict between Russia and Ukraine, nations worldwide are boosting their defense spending and investing in global hypersonic and directed-energy weapons.
The Armed Forces Research Laboratory created the Tactical High-power Operational Responder (THOR) for the U.S. Air Force. Using focused microwaves, the technology decapitates and destroys flying targets, particularly UAVs.
Moreover, the US Army had just completed testing of the brand-new DE Maneuver Short-Range Air Defense (DE M-SHORAD). Although DE M-SHORAD is intended to be a counter-UAS weapon, it also can intercept rockets, artillery rounds, ATGMs, and mortars.
Directed Energy Weapons Market Report Highlights
- Lethal segment has the largest market share due to its high adoption rate.
- High energy lasers will increase owing to the growing operational needs of global military forces
- The defense industry anticipated the greatest market share for directed energy weapons and is expected to grow rapidly throughout the forecast period.
- The land-based segment is expected to be the largest because global militaries have made R&D investments through the military budget allotment for their different governmental services or agencies.
- North America, which accounted for the greatest share of the market in 2022, is predicted to increase at the fastest rate during the forecast period.
Market Dynamics
Drivers and Opportunities
- Increase in Terrorist Activities
- Use in Defense Forces
Restraints and Challenges
- High development cost
Porter’s Five Forces Analysis
PESTLE Analysis
Directed Energy Weapons Industry Trends
Value Chain Analysis
Company Profiles
- Elbit Systems Ltd
- Diehl Defense GmbH & Co. KG
- Honeywell International Inc.
- BAE Systems Plc
- II-VI Inc.
- Kord Technologies
- Leonardo S.p.A.
- L3Harris Technologies Inc.
- Northrop Grumman Corporation
- Lockheed Martin Corporation
- Rafael Advanced Defense Systems Ltd.
- Rheinmetall AG
- Raytheon Technologies Corporation
- The Boeing Company
- Thales Group
Scope of the Report
Directed Energy Weapons, Lethality Outlook (Revenue – USD Billion, 2019 – 2032)
- Non-Lethal
- Lethal
Directed Energy Weapons, Technology Outlook (Revenue – USD Billion, 2019 – 2032)
- High Power Microwave Technology
- High Energy Laser Technology
- Plasma Weapons
- Particle Beam Weapons
- Sonic Weapons
Directed Energy Weapons, Application Outlook (Revenue – USD Billion, 2019 – 2032)
- Defense
- Homeland Security
Directed Energy Weapons, Platform Outlook (Revenue – USD Billion, 2019 – 2032)
- Ship-Based
- Land-Based
- Airborne-Based
- Space-Based
Directed Energy Weapons, Regional Outlook (Revenue – USD Billion, 2019 – 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
For more information about this report visit https://www.researchandmarkets.com/r/ievjkd
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