Global Directed Energy Weapon Market, By 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) - Industry Trends and Forecast to 2029
Market Analysis and Size
A wide range of ammunition of sizes and types are being utilized across the globe that are specifically designed to work only in specific weapons systems. Presence of internationally recognized standards on certain ammunition types, including 56×45mm NATO enables their use by different users.
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.
Market Definition
A weapon that emits a fixed force and can transfer that force to the target is called a targeted force (DEW). The targeted arms market is known for producing very powerful beams. They make extensive use of one optical system to track or simply focus on the target. Lasers are considered to be the most advanced type of DEW weapon. Also, these poles can be easily guided by mirrors to destroy invisible targets from the source.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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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)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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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), Leonardo Electronics US Inc. (US), Kord Technologies (US), II-VI Incorporated (US), General Atomics (US), Elbit Systems Ltd. (Israel), and Dynetics,Inc. (US), among others
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Market Opportunities
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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.
Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the directed energy weapons 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.
This directed energy weapons market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the directed energy weapons market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Directed Energy Weapon Market
The COVID-19 had a negative impact on the directed energy weapons market owing to the strict lockdowns and social distancing to contain the spread of the virus. The economic uncertainty, partial shutdown of the business and low consumer confidence impacted demand for defence systems. The supply chain got hampered during the pandemic along with delay logistics activities. However, the directed energy weapons market is expected to regain its pace during the post pandemic scenario due to the easing on the restrictions and increased demand for non-lethal weapons.
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. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
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
Directed Energy Weapon Market Regional Analysis/Insights
The directed energy weapons market is analyzed and market size insights and trends are provided by country, technology, high energy laser system, product, end user and application as referred above.
The countries covered in the directed energy weapons market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the directed energy weapons market because of the rise in the threat from terrorism within the region.
Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 because of the increase in the spending for the modernization of their armed forces in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Directed Energy Weapon Market
The directed energy weapons market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to directed energy weapons 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)
- Leonardo Electronics US Inc. (US)
- Kord Technologies (US)
- II-VI Incorporated (US)
- General Atomics (US)
- Elbit Systems Ltd. (Israel)
- Dynetics,Inc. (US)
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