; Directed Energy Weapons Market Size, Share, Analysis, Forecast, 2031

Directed Energy Weapons Market

Directed Energy Weapons Market: By Product (Lethal Weapons, Non-Lethal Weapons), By Technology (High Energy Laser Technology, High Power Microwave Technology, Particle Beam Weapons), By Application (Defense, Homeland Security), By End User (Land-Based Directed Energy Weapons, Ship-Based Directed Energy Weapons), And Region - Global Analysis of Market Size, Share & Trends For 2021-2022 And Forecasts To 2032

Published on: Mar-2023
Report Code: FG A&D 01415
No. of Pages: 170 - 350
Report Format: PDF

[170+ Pages Research Report] Directed Energy Weapons Market to surpass USD 80.2 billion by 2031 from USD 7.94 billion in 2021 at a CAGR of 11.6% throughout the forecast period 2021-31.

Product Overview

Directed Energy Weapons, abbreviated as DEW, are ranged weapons that destroy their target with greatly focused energy. They do not require solid projectiles like microwaves, lasers, sound beams, and particle beams. The potential uses of this technology comprise weapons that aim at personnel, vehicles, missiles, and the optical devices. The major types of Directed Energy Weapons include Microwave Weapons, Particle Beam Weapons, Laser Weapons, Plasma Weapons, and Sonic Weapons. If employed properly, such weapons can be deployed cautiously and with relatively less collateral damage. Since there is enough energy available, there are no logistical issues with obtaining more ammunition. Depending on specific operational parameters, they are less expensive to operate than conventional weapons.

Market Highlights

The Directed Energy Weapons Market is expected to project a notable CAGR of 23.4% in 2032.

Directed Energy Weapons Market to surpass USD 80.2 billion by 2032 from USD 7.94 billion in 2021 at a CAGR of 23.4% in the coming years, i.e., 2022-32. The main factors driving the growth of the global Directed Energy Weapons Market are the defense against terrorist attacks to protect civilian lives and a nation's security and the presence of biological, chemical, nuclear, and radioactive materials. The modernization of military electronic warfare and defense systems, particularly directed energy weapon systems, is another factor driving the market growth. This trend is being shared by defense forces all over the world.

Figure - Market Analysis of Directed Energy Weapons Market


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Directed Energy Weapons Market: Segments

The Lethal Weapons segment is expected to grow with a higher CAGR during 2022-32

Directed Energy Weapons Market is categorized on the basis of Product into Lethal Weapons and Non-Lethal Weapons. Over the forecast period, the Lethal Weapons sector is anticipated to dominate the market. Electromagnetic bombs (e-bombs), rail guns, microwave guns, plasma cannons, navy laser cannons, plasma grenades, automatic shotguns, gun-launched guided projectiles, and several other items are among these goods that are primarily used for military purposes. Lethal-directed energy weapons are the subject of significant research and development, as well as testing and demonstration efforts. In the upcoming years, these variables are anticipated to fuel the segment growth.

The Land-Based Directed Energy Weapons segment is expected to grow with a higher CAGR during 2022-32

Directed Energy Weapons Market is categorized on the basis of End User into Land-Based Directed Energy Weapons and Ship-Based Directed Energy Weapons. The majority of the market value is anticipated to be held by Land-Based Directed Energy Weapons. The increasing number of land-based programs that are currently being offered and being developed is responsible for this dominant market share. These include the iron beam, the Active Denial System, and the WB-1 Microwave Directed Energy Weapons. Countries have already made commitments to develop highly effective, lethal, and precise directed energy weapons for use on land, which has increased the growth potential.

Figure - Market Analysis of Global Directed Energy Weapons


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Market Dynamics

Growth Drivers

Increasing Demand for Directed Energy Weapons and Rising Number of Terrorist Activities

The primary driver for the Directed Energy Weapons Market is the rising demand for directed energy weapon (DEW) systems in defense forces around the world. The market is also being driven by intensive research and development in the area of directed energy technologies. Moreover, the market is positively impacted by the rise in terrorist attacks and hostilities, military purchases of defensive equipment, and the deployment of unmanned aerial vehicles (UAVs).

Growing Number of Technological Advancements and Heavy Investments in the Domain

The Directed Energy Weapons Market is driven by the need for low-cost precision weapons and the rising demand for non-lethal weaponry. Growing laser technology advancements and defense initiatives for directed energy weaponry provide market participants with lucrative potential. Also, expanding urbanization, lifestyle changes, a rise in investments, and rising consumer expenditure have a remarkable impact on the market.

Restraint

High Development Cost and Rising Number of Barriers to Design Military DEW Systems

Anti-personnel laser regulations and high development costs are anticipated to limit the market growth. Furthermore, the growing obstacles in constructing military DEW systems and the use of DEW for law enforcement objectives are anticipated to pose challenges to the market for directed energy weapons throughout the forecast period.

Recent Developments

  • The US Air Force sent the High-Energy Laser Weapon Weapon 2 from Raytheon, a drone defense system, to an unnamed combatant command base abroad in February 2021 for operator training and a preliminary performance assessment.
  • German military procurement agency awarded Rheinmetall a contract in January 2021 for the development, testing, and fielding of a high-energy laser weapon system for the German Navy. The contract is estimated to be worth in the low double-digit million Euro range.
  • The first batch of previously deployed Compact Laser Weapon System (CLWS) units was modified by Boeing and delivered to the US Department of Defense (DoD) in December 2020. This increased the maximum beam strength and dependability of the system. The remaining units will receive improvements from Boeing and be delivered in the first quarter of 2021.

Directed Energy Weapons Market: Key Players

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis

Directed Energy Weapons Market: Regions

Directed Energy Weapons Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. North America holds the major share of the Directed Energy Weapons Market. The adoption of cutting-edge laser systems for military operations and rising defense industry R&D spending are the driving factors behind the market growth in North America.

During the projected period, the Directed Energy Weapons Market is expected to expand significantly in Asia-Pacific. The growth is linked to increasing defense spending by nations like South Korea, China, India, and others. The market is expanding due to the increased purchase of high-tech weaponry from Asian nations due to terrorism, political turmoil, and cross-border conflicts.


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Impact of Covid-19 on Directed Energy Weapons Market

The COVID-19 had a negative effect on the Directed Energy Weapons Market due to the strict lockdowns and social isolation necessary to stop the virus's spread. The lack of consumer confidence, the partial business shutdown, and the uncertain economic climate all impacted the demand of defense systems. During the epidemic, the supply chain was impeded along with logistics operations. However, due to the relaxation of regulations and the rise in demand for non-lethal weapons, the market for directed energy weapons is anticipated to pick up speed in the post-pandemic situation.

Directed Energy Weapons Market is further segmented by region into:

  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Directed Energy Weapons Market report also contains analysis on:

Directed Energy Weapons Market Segments:

  • By Product 
    • Lethal Weapons
    • Non-Lethal Weapons
  • By Technology 
    • High Energy Laser Technology
    • High Power Microwave Technology
    • Particle Beam Weapons
  • By Application
    • Defense
    • Homeland Security
  • By End User
    • Land-Based Directed Energy Weapons
    • Ship-Based Directed Energy Weapons
  • Directed Energy Weapons Market Dynamics
  • Directed Energy Weapons Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies Involved in the Market
  • Value Chain of the Market
  • Market Drivers and Restraints

Directed Energy Weapons Market Report Scope and Segmentation

REPORT ATTRIBUTE

DETAILS

Market Size Value in 2021

USD 7.94 billion

Revenue Forecast in 2032

USD 80.2 billion

Growth Rate

CAGR of 23.4% from 2022 to 2032

Base Year for Estimation

2021

Quantitative Units

Revenue in USD billion and CAGR from 2022 to 2032

Report Coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments Covered

Product, Technology, Application, End User, and Region

Regional Scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)

Key Companies Profiled

 

Raytheon Technologies Corporation, The Boeing Company, Lockheed Martin Corporation, Northrop Grumman Corporation, BAE Systems, Thales Group, L3Harris Technologies Inc, Rheinmetall AG, General Atomics, MBDA, Textron Inc, QinetiQ, Rafael Advanced Defense Systems Ltd, Dynetics Inc, Applied Companies, and Others Prominent Players.

Frequently Asked Questions (FAQ):

The Directed Energy Weapons Market size was estimated at USD 7.94 billion in 2021 and is expected to reach USD 80.2 billion in 2032.

Directed Energy Weapons, abbreviated as DEW, are ranged weapons that destroy their target with greatly focused energy. They do not require solid projectiles like microwaves, lasers, sound beams, and particle beams.

The Lethal Weapons and Land-Based Directed Energy Weapons segments accounted for the larger share of the Directed Energy Weapons Market.

Key players in the Directed Energy Weapons Market are Raytheon Technologies Corporation, The Boeing Company, Lockheed Martin Corporation, Northrop Grumman Corporation, BAE Systems, Thales Group, L3Harris Technologies Inc, Rheinmetall AG, General Atomics, MBDA, Textron Inc, QinetiQ, Rafael Advanced Defense Systems Ltd, Dynetics Inc, Applied Companies, and Others Prominent Players.

The main factors driving the growth of the global Directed Energy Weapons Market are the defense against terrorist attacks to protect civilian lives and a nation's security and the presence of biological, chemical, nuclear, and radioactive materials.

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