The Business Research Company’s report on the Directed Energy Weapons Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How are market drivers shaping the future growth trajectory of the directed energy weapons industry?
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. For instance, in April 2024, according to the Truthout, a California -based non-profit organization, world military expenditure reached a new record high of $916 billion in 2023, 2.3 percent compared to the previous year. . China, which poured an estimated $296 billion into its military. According to data on U.S. military spending in 2023, militarised programs accounted for 62% of the nation’s federal discretionary budget, leaving less than half for domestic priorities like healthcare, housing, nutrition assistance, and education. Therefore, such investments in military and defense will propel the directed energy weapons market.
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What is the estimated market size of the directed energy weapons sector by 2029, based on current forecasts?
The directed energy weapons market size has grown exponentially in recent years. It will grow from $7.01 billion in 2024 to $8.76 billion in 2025 at a compound annual growth rate (CAGR) of 25.1%. The growth in the historic period can be attributed to emerging threats and security challenges, military modernization and defense budgets, geopolitical tensions, increased protection against drones and missiles, and non-lethal crowd control.
The directed energy weapons market size is expected to see exponential growth in the next few years. It will grow to $20.07 billion in 2029 at a compound annual growth rate (CAGR) of 23.0%. The growth in the forecast period can be attributed to cybersecurity and electromagnetic spectrum protection, increasing non-lethal civilian applications, increasing defense against hypersonic threats, commercial and civilian market expansion, and energy efficiency and cost reduction. Major trends in the forecast period include international arms control agreements, technological innovations, innovative solutions, strategic partnerships, and advancements in energy weapon technologies.
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Who are the top players in the directed energy weapons market?
Major companies operating in the directed energy weapons market include Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Company, Boeing Co., BAE Systems PLC, L3Harris Technologies Inc., Rheinmetall AG, Thales Group, Leonardo S.p.A., QinetiQ, General Atomics, Rafael Advanced Defense Systems Ltd., Dynetics Inc., Kord Technologies Inc., Applied Research Associates Inc., BlueHalo LLC, Radiance Technologies Inc., Saab AB, Textron Inc., Moog Inc., Elbit Systems Ltd., Kratos Defense & Security Solutions Inc.
What are the major trends in 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.
Which geography holds the highest directed energy weapons market share?
North America was the largest region in the directed energy weapons market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the directed energy weapons market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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How do different segments contribute to the overall expansion of the directed energy weapons market?
The directed energy weapons market covered in this report is segmented –
1) By Product: Lethal Weapons, Non-Lethal Weapons
2) By Technology: High Energy Laser, High Power Microwave, Electromagnetic Weapons, Sonic Weapons
3) By End-User: Land, Airborne, Naval
Subsegments:
1) By Lethal Weapons: High-Energy Laser Weapons, Particle Beam Weapons, Kinetic Energy Weapons
2) By Non-Lethal Weapons: High-Power Microwave Weapons, Acoustic Weapons, Electromagnetic Pulses (EMP), Non-Lethal Laser Systems
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What defines the structure and scope of the directed energy weapons market?
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.
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