Dublin, April 08, 2024 (GLOBE NEWSWIRE) -- The "Directed Energy Weapons - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Directed Energy Weapons Market to Reach $111.4 Billion by 2030
The global market for Directed Energy Weapons estimated at US$26.8 Billion in the year 2023, is projected to reach a revised size of US$111.4 Billion by 2030, growing at a CAGR of 19.5% over the analysis period 2023-2030.
Directed Energy Weapons (DEW) represent a type of smart weapon encompassing technologies like High Energy Laser (HEL), High-Power Microwave (HPM), and Particle Beam Weapons. The market for DEW is characterized by its competitive landscape, with players categorized based on their market presence as strong, active, niche, or trivial. DEWs are poised for increased demand, with applications spanning defense and homeland security sectors. Among the various technologies, High Energy Laser leads in adoption.
High Energy Laser, one of the segments analyzed in the report, is projected to record 20.9% CAGR and reach US$78.9 Billion by the end of the analysis period. Growth in the High-Power Microwave segment is estimated at 17.1% CAGR for the next 8-year period.
The U.S. Market is Estimated at $10.1 Billion, While China is Forecast to Grow at 22.3% CAGR
Regionally, developed regions dominate the market, with notable growth expected in developing regions. Competitive scenarios reflect ongoing market activities, including innovations and advancements aimed at enhancing DEW capabilities and applications to meet evolving defense needs.
The Directed Energy Weapons market in the U.S. is estimated at US$10.1 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$17.5 Billion by the year 2030 trailing a CAGR of 22.3% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.5% and 17.3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 18.8% CAGR.
Exciting New Report Features
- Complimentary report updates for one year
- Competitor coverage with global market shares of major players
- Player market presence analysis (Strong/Active/Niche/Trivial) across multiple geographies
- Access to curated YouTube video transcripts of domain experts/influencer interviews, podcasts, press statements and event keynotes
MARKET OVERVIEW
- Directed Energy Weapons - Global Key Competitors Percentage Market Share in 2023 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
- Directed Energy Weapon (DEW): A Type of Smart Weapon
- An Overview of Directed Energy Weapon (DEW)
- High Energy Laser (HEL)
- High-Power Microwave (HPM)
- Particle Beam Weapons
- Global Market Prospects & Outlook
- Directed Energy Weapons to Witness Growth in Demand
- World Directed Energy Weapons Market by Application (2023 & 2030): Percentage Breakdown of Sales for Defense, and Homeland Security
- Analysis by Technology: High Energy Laser Leads Adoption
- World Directed Energy Weapons Market by Technology (2023 & 2030): Percentage Breakdown of Sales for High Energy Laser, High-Power Microwave, and Particle Beam
- Regional Analysis
- World Directed Energy Weapons Market by Region (2023 & 2030): Percentage Breakdown of Sales for Developed and Developing Regions
- Global Directed Energy Weapons Market: Geographic Regions Ranked by CAGR (Value) for 2023 & 2030: China, Asia-Pacific, USA, Rest of World, Europe, Canada, and Japan
- Competitive Scenario
- Recent Market Activity
- Select Innovations & Advancements
MARKET TRENDS & DRIVERS
- Evolving Role of Electronic Warfare to Trigger Broad-based Opportunities for Directed Energy Weapons
- DEW Market to Gain from Sustained Emphasis on R&D
- DEWs Seek Role in Counter-Drone Equipment
- Increasing Use of Drones in the Battlefield Pushes Up the Need for Counter-Drone Systems: Global Market for Military Drones (In US$ Billion) for the Years 2018, 2020, 2022 and 2024
- Anti-Ballistic Missile Systems: Niche Vertical for DEWs
- Escalating Global Arms Race Provides the Perfect Platform for Future Progress of DEW Market
- Ever-Hostile Geopolitical Scenario & Relentless Quest for Military Supremacy Pave the Way for Rise of DEWs
- Military Expenditure as a % of GDP in Select Countries
- Sustained Efforts to Strengthen Anti-Terrorism & Counter-Insurgency Departments to Drive Future Adoption of DEWs
- Continued Threat of Terrorism Drives the Focus on Surveillance as Counterterrorism Response: Global Number of Fatalities (in '000) Due to Terrorist Attacks
- New Generation Radar Systems Empower DEWs with Robust Capabilities
- Growing Importance of Smart Weapons Enthuses DEWs Market
- Directed Energy HPM Weapons Seek Bigger Role
- Sonic & Ultrasonic Weapons: Using Sound Waves to Incapacitate Enemy
- Electromagnetic Weapons Aid in Disabling Enemy with Minimal Collateral Damage
- Despite the Intriguing Potential, Particle Beam Weapons Remain a Distant Dream
- Quest to Modernize Defense Forces Set to Drive Broader Adoption of Laser Weapon Systems
- US Navy Gears Up to Develop & Deploy Laser Weapons
- Plasma Weapons Display Exciting Evolutionary Journey to Offer Powerful Options
- Resolving Technical Limitations: Vital for Future Growth of DEWs Market
FOCUS ON SELECT PLAYERS(Total 45 Featured)
- Honeywell International, Inc.
- BAE Systems PLC
- Elbit Systems Ltd.
- General Dynamics Corporation
- Boeing Company, The
- Ball Corporation
- General Atomics
- Hanwha Corporation
- Armament Systems & Procedures Inc. (ASP, Inc.)
- Combined Systems, Inc.
- Condor Non-Lethal Technologies
- Hanwha Group
- Herstal SA
- Axon Enterprise, Inc.
- Adsys Controls, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/vr0pkm
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