Directed Energy Weapon Market Size was valued at USD 1.77 Billion in 2023. The Directed Energy Weapon market industry is projected to grow from USD 2.09922 Billion in 2024 to USD 6.96 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 16.16% during the forecast period (2024 - 2032). Increased demand for directed energy weapons and rising demand for technologically advanced equipment for security are the key market drivers enhancing the growth of market.
Source The Secondary Research, Primary Research, MRFR Database, and Analyst Review
Market CAGR for directed energy weapons is being driven by the rising demand and adoption of directed energy weapons. The rising product utilization in the navy and air forces in order to combat the threats is increasing the demand for directed energy weapons. The government is increasingly investing in research and development activities to enhance the performance of the weapons. Directed energy weapons are in high demand in defense forces throughout the world from powerful militaries.
The increasing development of high-energy laser weapons and the adoption of high-energy laser weapons to deal with the threat of Unmanned Aerial Vehicles has become one of the advanced directed energy technologies. The rapid growth in the military expenses of developed and evolving countries owing to the rising geopolitical tensions is accelerating the procurement of new land, air, and sea platforms. The armed forces are extensively investing in the integration of advanced weapon systems like directed energy weapons on board the vehicles, driving the market growth. DEWs are largely utilized for defending ships against several threats, including unmanned aerial systems, anti-ship missiles, and small boats, and also for protecting critical naval assets like aircraft carriers, logistical support vessels, and amphibious assault ships, contributing to the growth of the market.
The integration of solid-state that provides high-energy output, compact size, and scalability is influencing the market growth positively. The recent development of fiber lasers that offers high beam quality, improved performance, and improved reliability are boosting the market growth. The integration of adaptive optics and beam control to compensate for atmospheric turbulence, provide better engagement performance over long distances, and enable effective target tracking is boosting the market growth. Additionally, the inclusion of advanced sensor systems like radar and electro-optical sensors that allows better target acquisition, engagement, and tracking is strengthening the market growth. Thus, driving the Directed Energy Weapon market revenue.
However, the high development price and restrictions on anti-personnel lasers are anticipated to hamper the market growth. The use of DEW for law enforcement missions and rising barriers to designing military DEW systems are anticipated to restrain the directed energy weapons market during the forecast period.
Directed Energy Weapon Type Insights
The Directed Energy Weapons market segmentation, based on type, includes High Energy Laser Technology, High Power Microwave Technology, Particle Beam Weapons, Plasma Weapons, and Sonic Weapons. The high-energy laser technology segment dominated the market, accounting for the largest market revenue due to the high demand for high-energy laser technology and technological advancements in laser technology. Also, the rising application of high-energy laser technology in directed energy weapons is anticipated to boost market growth. Further, the high-power microwave technology segment of directed energy weapons technology is the fastest growing during the forecast period.
Directed Energy Weapon Lethality Insights
The Directed Energy Weapons market segmentation, based on distribution channels, includes Lethal and Non-Lethal. The lethal segment dominates the market due to the rising adoption of lethal DEW by armed forces ly and the focus on destroying enemy military assets. Further, the non-lethal segment is expected to be the fasted growing segment throughout the forecast period due to the surge in R&D investments by governments of countries for homeland security, paramilitary forces, and peacekeeping forces.
Figure 1: Directed Energy Weapon Market, by Lethality, 2022 & 2032 (USD Billion)
Source The Secondary Research, Primary Research, MRFR Database, and Analyst Review
Directed Energy Weapon Regional Insights
By region, the study gives market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Directed Energy Weapon market area dominates the market due to the rising adoption rate of laser-based technology weapon systems. There is an increased federal budget allocation for new-generation electronic warfare weapons to protect against different threats for sea, land, and air defense applications in this region.
Further, the prime countries studied in the market report are The US, Canada, France, the UK, German, Italy, Spain, Japan, India, China, Australia, South Korea, and Brazil.
Figure 2: DIRECTED ENERGY WEAPON MARKET SHARE BY REGION 2022 (USD Billion)
Source The Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe's Directed Energy Weapon market accounts for the second-largest market share due to the increased investments made in the next-generation high-energy laser technology across the land, air, and naval platforms. Further, the German Directed Energy Weapon market held the largest market share, and the UK Directed Energy Weapon market was the fastest-growing market in the European region.
The Asia-Pacific Directed Energy Weapon Market is expected to grow at a rapid CAGR from 2023 to 2032. This is due to the high adoption rate for defense and homeland security applications and rising investments by the and regional market players in this region. Moreover, China’s Directed Energy Weapon market held the largest market share, and the Indian Directed Energy Weapon market was the fastest-growing market in the Asia-Pacific region.
Leading market participats are investing heavily in research and development in order to spread their product lines, which will help the Directed Energy Weapon market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, mergers and acquisitions, higher investments, contractual agreements, and collaboration with other organizations. To spread and survive in a more competitive and rising market climate, the Directed Energy Weapons industry must provide cost-effective items.
Manufacturing locally to reduce operational costs is one of the key business tactics utilized by manufacturers in the Directed Energy Weapon industry to benefit clients and increase the market sector. In recent years, the Directed Energy Weapon industry has offered some of the most significant advantages to safety and security. Major participants in the Directed Energy Weapon market, including Elbit System Limited, Applied Technologies Associate, Rafael Advanced Defense Systems Ltd., BAE Systems Plc, Honeywell International Inc, Lockheed Martin Corporation, Raytheon Technologies Corporation, Thales Group, The Boeing Company, L3Harris Technologies Inc, and others, are trying to increase market demand by investing in research and development operations.
Elbit Systems Ltd is an Israel-based international defense electronics company involved in a broad range of programs across the globe. Elibit Systems and its subsidiaries operate in areas of land, aerospace and naval systems, control, command, communications, intelligence surveillance, reconnaissance, and many others. The company is also emphasizing the upgradation of existing military platforms, commercial aviation, and homeland security applications. In July 2022, the company was awarded a contract worth 80 million UD dollars to offer IR-PAWS (Infrared-based Passive Airborne Warning Systems) EW systems and C-MUSIC directed infrared countermeasures to an undisclosed Asia Pacific country. This contract will be completed within the next two years.
Applied Technologies Associate, which is a division of Scientific Drilling International, located in Paso Robles, California. This company is a leader in the research and development and manufacturing of leading-edge technologies for the petroleum industry. It is the provider of advanced technology products that aims to tackle sensing, control, and measurement of problems. The company provides solutions for technical services, sensors and systems, crash testing, aerospace controls, system testing and evaluation, platform stabilization, and many more. In October 2020, the company gained a contract of 17.66 million US dollars for other transaction prototype project agreement for the assembly, development, and testing of a ground-based Directed Energy Weapons prototype for a fixed-site Air Forces Air Base Air Defense to combat Group 1 and Group 2 unmanned aerial system threats.
Key Companies in the Directed Energy Weapon market include
Directed Energy Weapon Technology Outlook
Directed Energy Weapon Lethality Outlook
Directed Energy Weapon Regional Outlook
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)