Directed Energy Weapons Global Market Report 2023

Major players in the directed energy weapons market are Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Company, Boeing, BAE Systems PLC, Textron Inc., Rheinmetall AG, L3Harris Technologies Inc.

New York, March 27, 2023 (GLOBE NEWSWIRE) -- announces the release of the report "Directed Energy Weapons Global Market Report 2023" -
, Moog Inc., QinetiQ, Leonardo Electronics US Inc., General Atomics, Rafael Advanced Defense Systems Ltd., Dynetics Inc., and Kord Technologies.

The global directed energy weapons market grew from $4.56 billion in 2022 to $5.69 billion in 2023 at a compound annual growth rate (CAGR) of 24.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The directed energy weapons market is expected to grow to $13.47 billion in 2027 at a CAGR of 24.0%.

The directed energy weapons market consists of sales of particle beam and plasma.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers.

The value of goods in this market includes related services sold by the creators of the goods.

The directed energy weapons refer to a system that uses energy primarily as a direct means to disable, harm, or destroy enemy facilities, equipment, and troops.The directed energy weapons use technologies that focus electromagnetic energy or create atomic or subatomic particles.

High-powered radio frequency or microwave devices, charged or neutral particle beam weapons and high-energy lasers are some of the direct energy weapons.

North America was the largest region in the directed energy weapons market in 2022.Asia-Pacific is expected to be the fastest-growing region in the forecast period.

The regions covered in directed energy weapons market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main types of directed energy weapons are lethal weapons and non-lethal weapons.Lethal weapons refer to firearms or devices that can cause significant physical harm or death.

Lethal weapons include nuclear weapons, rifles, submarines, and others.High-energy laser, high-power microwave, electromagnetic, and sonic are technologies used.

These weapons are used by land, airborne, and naval army & defense.

The rising modernization and investment in military platforms drive the directed energy weapons market.A war for power is going on globally, which needs modernization and increased investment in military and defense.

Every country wants to remain in power and compete with its competitors, so they are adopting advanced and modern weapons, such as directed energy weapons. According to the International Institute for Strategic Studies, an authority on global security, political risk, and military conflict, global defense spending increased by 3.9% annually to $1.83 trillion in 2020. The military budgets were maintained despite severe economic contractions due to COVID-19. Global defense spending as a percentage of GDP grew substantially from an average of 1.85% in 2019 to 2.08% in 2020. Therefore, such investments in military and defense will propel the directed energy weapons market.

Technological advancement is a key trend gaining popularity in the directed energy weapons market.The major companies operating in the directed energy weapons market focus on developing weapons integrated with artificial intelligence.

Artificial intelligence will enable systems for comprehensive networking of command, control, and communication for weapons like hypersonic weapons. For instance, in June 2022, Chinese military researchers claimed to have created artificial intelligence technology that can predict a hypersonic glide missile’s trajectory as it closes in on a target at a speed greater than five times the speed of sound.

In October 2020, Lockheed Martin, a US-based aerospace, arms, defense, information security, and technology company, acquired Integration Innovation Inc’s i3 Hypersonic portfolio for an undisclosed amount.With this acquisition, Lockheed Martin can strategically broaden its portfolio and build and implement hypersonic-specific technological solutions that aid the warfighter.

Integration Innovation Inc is a US-based company that specializes in hypersonic weapon system design, development, integrations, and testing.

The countries covered in the directed energy weapons market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The directed energy weapons market research report is one of a series of new reports that provides directed energy weapons market statistics, including directed energy weapons industry global market size, regional shares, competitors with a directed energy weapons market share, detailed directed energy weapons market segments, market trends and opportunities, and any further data you may need to thrive in the directed energy weapons industry. This directed energy weapons market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Read the full report:

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.



Contact Data