ID: MRFR/A&D/2312-CR | July 2019 | Region: Global | 140 pages
Directed Energy Weapon Market is assessed to show a 20.18% CAGR in the forecast period covering a period from 2018 to 2025. Directed-energy weapons produce highly focused energy and consist of a microwave, laser, and particle beams to demolish the target. These weapons have extensive applications, such as missile defense systems and anti-personnel weapon systems. Directed energy weapons are applied to protect against radiological, chemical, biological, and nuclear emergencies to uphold national security.
The pandemic struck year has revealed an unchanged position of contractors, who are now better positioned hence being immune as they will most likely not feel the impact of COVID-19 in short- to mid-term. While manufacturing is slow for the same motives as in aircraft manufacturing, the demand over the subsequent two years is improbable to be influenced since resources for these projects had been delegated before the pandemic, as the projects are critical to national security. The defense industry was shielded from global shocks because nations tended to rely on domestic producers for essential military equipment.
Increase in Military Spending
The elevated levels of the defense budgets are predicted to enhance the directed energy weapon market demand's development in the coming years.
Rising Terrorist Attacks and Focus on Counter Operations
The amplified instances of terror attacks and focus on enhancing counter-terrorism measures in several nations are predicted to motivate the global directed energy weapon market.
Changing Nature of Warfare
The alteration in the approach to warfare with an emphasis on lesser human loss is estimated to spur the directed energy weapon market share in the future.
Use of Technologically Advanced Equipment by Military Forces
The higher degree of incorporation of technology in military weapons is estimated to promote the directed energy weapon market.
Regulations Concerning Arms Transfer
The protocols related to the transfer of arms between different groups is estimated to restrict the directed energy weapon market growth in the coming years.
High Production Costs
The soaring expenditure associated with the weapons' production is foreseen to hinder the directed energy weapon market size.
The ground-based segment is assessed to lead the forecast period's overall directed energy weapon market share.
The lethal weapon segment is projected to observe an elevated CAGR throughout the forecast period. The towering research and development financing, chiefly in lethal weapons, is one of the key factors expected to push the directed energy weapons market's progress.
The military is the largest segment due to the greater use of directed energy weapons by the military forces. The homeland security application is expected to grow at a high CAGR throughout the forecast period.
The high energy laser technology segment is projected to be the review period's principal segment. The high power microwave technology segment of the directed energy weapon market show the uppermost growth degree as these drones can occupy more time in the air.
North American Region To Lead With Military Development
North America is anticipated to rule the market due to technological developments in warfare platforms and collective defense budgets. A majority of the companies functioning in the directed energy weapons market are based in the U.S., which further solidifies the region's overall control of the global market.
APAC To Be Strengthened By Military Spending
The Asia Pacific region is the fastest mounting region in the directed energy weapon market owing to growing terrorism incidences and border threats.
The strategic companies in the Global Directed Energy Weapon Market are
Jan 2021 Lockheed Martin has supplied HELIOS Laser Weapon System to U.S. Navy. The U.S. Navy will pitch the first purchase program to install the High Energy Laser with Integrated Optical-dazzler and Surveillance, or HELIOS, a laser weapon system with high-energy fiber lasers for permanent fielding by the U.S. Department of Defense. This will be the only installed laser system integrated into an operational Flight IIA DDG.
Dec 2020 The U.S. Army is running overtime to hit two different 50-kilowatt laser weapons onto a duo of Stryker infantry fighting vehicles ahead of a shoot-off this approaching spring, a significant step forward for the service's directed-energy goals. Designed to augment Stryker defenses against artillery, rockets, and unmanned aerial systems, the Army plans on fielding a platoon of four supposed Directed Energy-Maneuver Short-Range Air Defense (DE-MSHORAD) systems to soldiers by the financial year 2022.
Sep 2020 The Defence Research and Development Organisation in India plans to progress directed energy weapons (DEWS) like high-powered microwaves and high-energy lasers. The DEWS will be part of a national program with medium, short, and long-term objectives. DRDO will advance diverse DEWS variants of up to 100-kilowatt power in partnership with the domestic industry. These will comprise 'high-power fiber' and 'chemical oxygen-iodine' lasers to a secretive 'Kali' particle-beam for 'soft-kills' against inward missiles and aircraft
Jan 2021 Leonardo has been bestowed a contract to stock its Type 163 Laser Target Designator (LTD) for the Slovenian Armed Forces (SAF). The agreement was engaged with the Slovenian Defence Ministry, making it the 23rd nation to order its man-portable laser designators. The U.K., Australia, the US, Canada, and NATO members are customers of the system. Leonardo has so far sold a total of more than 700 units of Type 163 LTD, and the company's site in the U.K. currently furnishes over 70% of global demand for applications on airborne platforms.
Apr 2020 The U.S. Air Force has sent three diverse directed energy weapon systems to shield air bases abroad. The weapons that will guard U.S. air bases against the danger of drone strikes, shooting down any illegal drone that comes in microwave or laser range are named PHASER, HELWS, and THOR. The novel weapons respond to the novel threat of drone swarms assaulting airfields
Frequently Asked Questions (FAQ) :
Global directed energy weapon market is touted to record a substantial market valuation by 2027.
Global directed energy weapon market is projected to register a moderate 20.18% CAGR in the forecast period.
The massive demand for directed energy weapons driven by the growing need for cost-effective energy weapons by the defense forces, which are the market's primary growth inducer.
The military segment is expected to observe substantial demand over the review period.
The high energy laser technology segment is expected to secure the highest CAGR.
The lethal weapon segment is expected to observe substantial demand over the review period.