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 remarkably being driven by the factors such as increasing adoption of the directed energy weapons to destroy or damage the rockets, drones, mortar-launched explosives and any other aerial threats, higher investment in the military bodies & defense intelligence sectors, and technological development in the laser-based target focused weapons.
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
Additionally, growing incidences in the cross-border conflicts, asymmetry in the warfare, higher inclination for the forthcoming combat preparation, and broadening the number of the existing weaponry technology & updating 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 create a huge enforcement into the market as more and more countries are deliberately developing & investing in the high-power laser-directed energy system to use against drones or UAVs.
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Key questions answered in the report
What will be the market size in terms of value and volume in the next five years?
Which segment is currently leading the market?
In which region will the market find its highest growth?
Which players will take the lead in the market?
What are the key drivers and restraints of the market’s growth?
The report also discusses the key players involved in the market such as
Key players in the market 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.
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 U.S. Army initiative in order to increase the protection of the 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 had 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 fuel regional market growth substantially.
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Directed Energy Weapons Market segmentation
Regional Outlook: (Revenue, USD Billion; 2018-2028)
North America (U.S.) (Canada) (Mexico)
Europe (Germany) (UK) (France) (BENELUX) (Rest of Europe)
Asia Pacific (China) (Japan) (South Korea) (Rest of APAC)
Latin America (Brazil) (Rest of LATAM)
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Table of Contents:
Chapter 1 includes an introduction of the global Directed Energy Weapons Market, along with a comprehensive market overview, market scope, product offerings, and an investigation of the market drivers, growth opportunities, risks, restraints, and other vital factors.
Chapter 2 offers an in-depth analysis of the key manufacturers engaged in this business vertical, along with their sales and revenue estimations.
Chapter 3 elaborates on the highly competitive terrain of the market, highlighting the key manufacturers and vendors.
In Chapter 4, our team has fragmented the Directed Energy Weapons market on the basis of regions, underscoring the sales, revenue, and market share of each region over the forecast timeline.
Chapters 5 and 6 have laid emphasis on the Directed Energy Weapons market segmentation based on product type and application
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Finally, all aspects of the Directed Energy Weapons (DEW) market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.
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