The electromagnetic weapons market is valued at USD 509 million in 2021 and is projected to reach USD 1,282 million by 2026 at a CAGR of 20.3%.
The key drivers propelling the growth of the global electromagnetic weapons market is the defense of terrorist attacks, chemical, biological, radiological, and nuclear materials so that civilian lives and the national security of a country can be preserved. Electromagnetic weapons like particle beam weapons, high power microwaves, and rail guns are being used to defend against attacks from threats like ballistic missiles, anti-satellite weapons, and nuclear weapons, etc. The Asia Pacific region will dominate the market due to the growing investments in electromagnetic weapons solutions.
The electromagnetic weapons market includes major players Lockheed Martin Corporation (US), Raytheon technologies (US), Northrop Grumman Corporation (US), Honeywell International (US), Thales Group (France), Rheinmetall AG (Germany), BAE Systems (UK), Elbit Systems (Israel) and QinetiQ Group (US) and others. These players have spread their business across various countries includes North America, Europe, and Asia Pacific.
Based on product type, the lethal weapons segment is projected to grow at the highest CAGR during the forecast period.
These lethal products, mainly focused for military application, include rail gun, electromagnetic bombs (e-bombs), plasma cannon (electrothermal accelerator), microwave gun, navy laser cannon, gun-launched guided projectile, automatic shotguns, and several others. Huge investments are being made in the R&D as well as demonstration and testing of lethal electromagnetic weapons.
Based on platform, the Naval platform segment is projected to grow at the highest CAGR during the forecast period.
Naval electromagnetic weapons systems consist of weapons that are used in naval applications, for instance, on combat ships and submarines, among others. The naval segment is further divided into combat ships, submarines, and unmanned surface vehicles. Defense ships are specifically designed for use by coast guards and naval forces to ensure the security of water borders.
The North American region is estimated to account for the largest share of the electromagnetic weapons market in 2021
The electromagnetic weapons market in the North American region is expected to witness substantial growth during the forecast period, owing to increased investments in electromagnetic weapons technologies by countries in this region. Department of defense of the US and Canada are involved in the development of technologically advanced electromagnetic weapons platforms such as high energy lasers and high-power microwaves, which drives the market growth. Well-established and prominent manufacturers of electromagnetic weapons systems in this region include Lockheed Martin (US), Northrop Grumman (US), and Raytheon (US).
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Attractive Opportunities in the Electromagnetic Weapons Market 4.2 Electromagnetic Weapons Market, by Product 4.3 Electromagnetic Weapons Market, by Technology
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 18.104.22.168 Increased Demand for Electromagnetic Weapons in Combat Operations 22.214.171.124 Rising Modernization and Investments in the Defense Sector for Developing Electromagnetic Weapons for Military Platforms 126.96.36.199 Rapid Advancements in Ai, Big Data Analytics, and Robotic Technologies 188.8.131.52 Increasing Focus on the Development of Small, Compact Electromagnetic Weapons for a Uav Platform 5.2.2 Restraints 184.108.40.206 Restrictions on Anti-Personnel High Power Microwave 220.127.116.11 Utilization of Electromagnetic Weapons for Law Enforcement Missions 18.104.22.168 Possibility of High Collateral Damage by Use of Electromagnetic Weapons 5.2.3 Opportunities 22.214.171.124 Increase in Research and Development of Advanced Electromagnetic Weapon Technologies 5.2.4 Challenges 126.96.36.199 Increased Barriers in Designing Military-Grade Electromagnetic Weapon Systems 188.8.131.52 Integrating Existing Weapon Control and Operating Systems with New Electromagnetic Weapon Technologies 5.3 Impact of COVID-19 on the Electromagnetic Weapons Market 5.4 Ranges and Scenarios 5.5 Value Chain Analysis of the Electromagnetic Weapons Market 5.6 Trends/Disruption Impacting Customer Business 5.6.1 Revenue Shift and New Revenue Pockets for Electromagnetic Weapon Manufacturers 5.7 Electromagnetic Weapons Market Ecosystem 5.7.1 Prominent Companies 5.7.2 Private and Small Enterprises 5.7.3 Application 5.7.4 Demand-Side Impacts 184.108.40.206 Key Developments from February 2020 to June 2021 5.7.5 Supply-Side Impact 220.127.116.11 Key Developments from February 2020 to December 2020 5.8 Porter's Five Forces Analysis 5.8.1 Threat of New Entrants 5.8.2 Threat of Substitutes 5.8.3 Bargaining Power of Suppliers 5.8.4 Bargaining Power of Buyers 5.8.5 Degree of Competition 5.9 Regulatory Landscape 5.9.1 North America 5.9.2 Europe 5.9.3 Asia-Pacific
6 Industry Trends 6.1 Introduction 6.2 Technology Trends 6.2.1 High Energy Microwaves 6.2.2 Particle Beam Energy 6.2.3 Active Denial System 6.3 Use Case Analysis 6.3.1 Use Case: Microwave Weapon 6.3.2 Use Case: Active Denial System 6.4 Impact of Megatrends 6.4.1 Artificial Intelligence, Big Data Analytics, and Robotic Technologies 6.4.2 Machine Learning 6.4.3 Deep Learning 6.5 Technology Analysis 6.6 Innovation & Patent Registrations
9 Electromagnetic Weapons Market, by Platform 9.1 Introduction 9.2 Land 9.2.1 Armored Vehicles 18.104.22.168 Combat Vehicles 22.214.171.124.1 Easy Installation of Electromagnetic Weapons on Combat Vehicles to Fuel the Demand for Electromagnetic Weapon Systems 126.96.36.199 Combat Support Vehicles 188.8.131.52.1 Electromagnetic Weapon Systems are Efficient, Accurate, and Can be Easily Installed on Combat Support Vehicles 184.108.40.206 Unmanned Armored Ground Vehicles 220.127.116.11.1 High Demand for Unmanned Armored Ground Vehicles to Fuel the Demand for Electromagnetic Weapon Systems 9.2.2 Handheld Electromagnetic Weapons 18.104.22.168 Compact, Light, and Energy-Efficient Electromagnetic Weapons to Fuel the Demand for Electromagnetic Weapon Systems 9.2.3 Weapon Systems 22.214.171.124 Launch Systems 126.96.36.199.1 Demand for Precision Targeting and Attack Weapons to Fuel the Demand for Electromagnetic Weapon Systems 188.8.131.52 Defense Systems 184.108.40.206.1 Demand for a Low-Cost Alternative of Rocket Interceptors to Fuel the Demand for Electromagnetic Weapon Systems 9.3 Airborne 9.3.1 Helicopters 220.127.116.11 Low Cost of Engagement and Easy Installation to Fuel the Demand for Electromagnetic Weapon Systems 9.3.2 Fighter Jets 18.104.22.168 Demand for Military Fighter Aircraft to Attract Oems, Which Will Drive the Market for Electromagnetic Weapons 9.3.3 Special Mission Aircrafts 22.214.171.124 Demand for Precision Strike Ability Using Special Mission Aircraft to Drive the Market for Electromagnetic Weapons 9.3.4 Tactical Uavs 126.96.36.199 Demand for Low Equipment Size, Weight, and Power Consumption Weapons in Uavs to Drive the Market for Electromagnetic Weapons 9.4 Naval 9.4.1 Combat Ships 188.8.131.52 Demand for Precise and Accurate Attack Naval Weapons to Drive the Market for Electromagnetic Weapons 9.4.2 Submarines 184.108.40.206 Demand for the Ability to Penetrate Below the Water Surface Without Attenuation to Drive the Market for Electromagnetic Weapons 9.4.3 Unmanned Surface Vehicles 220.127.116.11 Demand for Unmanned Surface Vehicles with Combat Capabilities to Drive the Market for Electromagnetic Weapons
10 Electromagnetic Weapons Market, by Application 10.1 Introduction 10.2 Homeland Security 10.2.1 Airport Protection 10.2.1.1 Electromagnetic Weapons to Safeguard Airports from Incoming Missiles, Mortars, Anti-Aircraft Missiles, Drones, and Other Threats 10.2.2 Critical Infrastructure Protection 10.2.2.1 Ground-Based Electromagnetic Weapons to Protect Critical Infrastructure from Terrorist Attacks 10.2.3 Chemical, Biological, Radiological, Nuclear, and Explosives (Cbrne) Defense 10.2.3.1 High-Energy Microwaves Can be Placed on to Strategic Locations to Intercept Ballistic, Nuclear Missiles and Destroy Them on Course 10.2.4 Others 10.3 Military 10.3.1 Border Protection 10.3.1.1 Demand for Better Intelligence, Force Modernization, and Meeting Equipment Needs to Fuel the Electromagnetic Weapons Market 10.3.2 Tactical Air and Missile Defense 10.3.2.1 Electromagnetic Weapons to Defend Against Nuclear-Armed Intercontinental Ballistic Missiles (Icbms) and Shorter- Ranged Non-Nuclear Tactical and Theater Missiles 10.3.3 Maritime Protection 10.3.3.1 Electromagnetic Weapons Against Sea-Skimming Cruise Missiles 10.3.4 Military Base Protection 10.3.4.1 Electromagnetic Weapons on Strategic Positions to Defend Military Bases Against Incoming Threats, Such as Missiles and Drones 10.3.5 Anti-Ballistic Missile Defense 10.3.5.1 High-Performance Tactical Electromagnetic Missile Defense Systems Could Now Influence Military Force Deployment Strategies 10.3.6 Anti-Satellite Missile Defense 10.3.6.1 Electromagnetic Anti-Satellite Weapon System Uses a High-Energy Beam to Kill or Destroy a Killer Satellite 10.3.7 Command, Control, and Information Warfare 10.3.7.1 High-Power Electromagnetic Weapons Can Disable or Destroy the Electronics of Command and Communication Systems 10.3.8 Battlefield Air Interdiction 10.3.8.1 High Power Microwaves are as Pervasive in Combat as Unmanned Aerial Vehicles 10.3.9 Close Air Support (Cas) 10.3.9.1 Electromagnetic Weapons Offer Incredible Speed and Range, Accuracy, and Limited Collateral Damage in Close Air Support 10.3.10 Others
13 Company Profiles 13.1 Introduction 13.2 Key Players 13.2.1 Raytheon Technologies Corporation 13.2.2 Northrop Grumman Corporation 13.2.3 Lockheed Martin Corporation 13.2.4 Thales Group 13.2.5 Bae Systems plc. 13.2.6 The Boeing Company 13.2.7 Rheinmetall Ag. 13.2.8 L3Harris Technologies 13.2.9 Rafael Advanced Defense Systems 13.2.10 Qinetiq Group plc. 13.2.11 Honeywell Inc. 13.2.12 Dynetics 13.2.13 Elbit Systems Ltd. 13.2.14 Eagle-Picher 13.2.15 General Atomics 13.2.16 Epirus Inc. 13.2.17 Directed Energy Technologies Inc. 13.2.18 Roketsan