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

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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