Global Directed Energy Weapons Market (2021 to 2026) - Increase in R&D in Advanced Technologies Presents Opportunities - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Directed Energy Weapons Market by Technology (High energy lasers, High-power microwave, electromagnetic weapon technology, Sonic weapon technology), Platform (Land, Airborne, naval, Space), Application, Range, Product and Region - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

The directed energy weapon market is valued at USD 4.3 billion in 2021 and is projected to reach USD 10.1 billion by 2026 at a CAGR of 18.7%.

The key drivers propelling growth of the global directed energy weapons market is the defense of terrorist attacks, chemical, biological, radiological, and nuclear materials so that civilian lives and the national security of a country can be preserved. Directed energy weapons like lasers, high power microwaves, and electromagnetic weapons are being used to defend against attacks from threats like ballistic missiles, anti-satellite weapons, and nuclear weapons, etc.

The directed energy weapon market includes major players Lockheed Martin Corporation (US), Raytheon technologies (US), Northrop Grumman Corporation (US), The Boeing Company (US), Thales Group (France), Leonardo SPA (Italy), BAE Systems (UK), Elbit Systems (Israel) and L3Harris Technologies (US). These players have spread their business across various countries includes North America, Europe, and the Asia Pacific.

The military segment of the market is projected to grow at the highest CAGR from 2021 to 2026.

Based on application, the military application segment is estimated to capture the largest share of 70.78% of the total directed energy weapons market in 2021 due to the increase in demand for precise technology in lethal weapons from military forces, globally

Based on platform, the Naval platform segment is projected to grow at the highest CAGR during the forecast period.

Naval directed energy weapon systems consist of weapons that are used in naval applications, for instance, on combat ships and submarines, among others. The naval segment is further divided into combat ships, submarines, and unmanned surface vehicles. Defense ships are specifically designed for use by coast guards and naval forces to ensure the security of water borders.

The North American region is estimated to account for the largest share of the directed energy weapons market in 2021

The directed energy weapons market in the North American region is expected to witness substantial growth during the forecast period, owing to increased investments in directed energy weapon technologies by countries in this region. Department of defense of the US and Canada are involved in the development of technologically advanced directed energy weapon platforms such as high energy lasers and high-power microwaves, which drives the market growth. Well-established and prominent manufacturers of directed energy weapon systems in this region include Lockheed Martin (US), Northrop Grumman (US), L3Harris Technologies, Inc. (US), and Raytheon (US).

Market Dynamics

Drivers

• Increased Demand in Combat Operations
• Rising Modernization and Investments in Military Platforms
• Rapid Advancements in Ai, Big Data Analytics, and Robotics Technologies
• Increasing Focus on Development of Small, Compact Dew for Uav Platforms

Restraints

• Restrictions on Anti-Personnel Lasers
• Utilization of Dew for Law Enforcement Missions
• Possibility of High Collateral Damage

Opportunities

• Increase in R&D in Advanced Technologies
• Complexities in Directed Energy Product Development

Challenges

• Increased Barriers in Designing Military Dew Systems
• Integrating Existing Systems with New Technologies

Companies Mentioned

• Applied Research Associates
• Applied Technology Associates
• Aqwest LLC.
• Bae Systems plc.
• Dynetics
• Eagle-Picher
• Elbit Systems Ltd
• Epirus Inc.
• General Atomics
• Honeywell Inc.
• L3Harris Technologies
• Leonardo
• Lockheed Martin Corporation
• Mbda
• Moog Inc.
• Northrop Grumman Corporation
• Qinetiq Group plc
• Radiance Technologies
• Rafael Advanced Defense Systems
• Raytheon Technologies Corporation
• Rheinmetall Ag.
• Roketsan
• Textron Inc.
• Thales Group
• The Boeing Company

For more information about this report visit https://www.researchandmarkets.com/r/pz95a2