Directed Energy Weapons Market Size Worth USD 93.20 Billion By 2027 | CAGR of 26.8%: Emergen Research

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Emergen Research

26 Oct, 2020, 14:30 GMT

- The higher emphasis on the incorporation of directed energy weapons (DEW) and extensive rise in investment in the defense & homeland security & intelligence bodies are the major factors influencing the market growth

- Market Size – USD 13.86 billion in 2019, Market Growth - CAGR of 26.8%, Market Trends – Higher demand for laser-based Directed Energy Weapons (DEW) for destroying drones & missiles

VANCOUVER, BC, Oct. 26, 2020 /PRNewswire/ -- The Global Directed Energy Weapons (DEW) Market is forecasted to be worth USD 93.20 billion by 2027, according to a current analysis by Emergen Research. The market is significantly being driven by factors such as the increasing adoption of the directed energy weapons to destroy or damage rockets, drones, mortar-launched explosives, and any other aerial threats, higher investment in the military bodies & defense intelligence sectors, and technological development in laser-based target-focused weapons.

Additionally, growing incidences of cross-border conflicts, asymmetry in warfare, a higher inclination for the forthcoming combat preparation, and the escalating number of existing weaponry technology & the need to update them into the futuristic ones are some of the subordinate reasons behind the tremendous growth of the market. The laser-based DEW anti-drone system or drone destroyers are expected to witness increased adoption in the market as more and more countries are deliberately developing & investing in high-power laser-directed energy systems to use against drones or UAVs.

The global landscape of the Directed Energy Weapons (DEW) market is expected to remain highly competitive and consolidated, consisting of a number of both small start-ups & medium enterprises and large conglomerates. During the forecast duration, increasing demand for technological development and higher diversification in offered products ensure the enormous potential for the innovative players.

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Further key findings from the report suggest

  • In June 2020, Applied Technology Associates (ATA) revealed a contract for developing a target acquisition & tracking platform for the installation on a Stryker military ground vehicle being a part of the U.S. Army initiative in order to increase the protection of soldiers using laser weapon systems.
  • The defense exhibits a higher count of usage and investment in the ongoing research & development of directed energy weapons (DEW). The growing interest in countering the weaponry actions & drones or UAV information carriers sent from the rivals are broadening the market outreach. The Defense sub-segment in the application segment held a 78.6% market share in the year 2019.
  • North America, owing to its leading investment in the defense & homeland security budgets, especially in the United States, and higher development in the information technology & microelectronics industry, is expected to grow substantially.
  • Key players in the market include The Raytheon Company, The Boeing Company, BAE Systems, Northrop Grumman Corporation, Lockheed Martin, L-3 Communications Ltd, Moog Inc, Thales Group, Saab AB, and Israel Aerospace Industries, among others.

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For the purpose of this report, Emergen Research has segmented the Global Directed Energy Weapons (DEW) Market on the basis of Type of Weapons Systems, Application, End-Users, Product, Power, Range, and Region:

  • Type of Weapons Systems Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
    • Laser
      1. Fiber Laser
      2. Free Electron Laser
      3. Solid-state Laser
      4. Chemical Laser
    • High-Power Microwave (HPM)
    • High-Power Sonic (HPS)
    • Particle Beam
  • Application Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
    • Defense
    • Homeland Security
  • End-User Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
    • Marine-based
    • Land Vehicles
    • Airborne
    • Gun Shot
  • Product Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
    • Lethal
    • Non-lethal
  • Power Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
    • Up To 100 KW
    • More Than 100KW
  • Range Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
    • Up To 100 meters
    • More Than 100 Meters
  • Regional Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
    • North America
      1. U.S.
      2. Canada
      3. Mexico
    • Europe
      1. Russia
      2. U.K.
      3. Germany
      4. France
      5. BENELUX
    • Asia Pacific
      1. China
      2. Japan
      3. India
      4. South Korea
      5. North Korea
      6. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East & Africa
      1. Saudi Arabia
      2. UAE
      3. Israel
      4. Rest of MEA

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