Directed Energy Weapon Market Research Report - Global Forecast till 2030

Directed Energy Weapon Market Research Report: Information By Type (Lethal Weapon and Non-Lethal Weapon), Technology (High Energy Laser Technology, High Power Microwave Technology and Particle Beam Weapons), Application (Military and Homeland Security), Platform (Airborne, Ground-Based and Naval) - Forecast till 2030

ID: MRFR/A&D/2312-CR | 140 Pages | Published By Sejal Akre on July 2019         

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Directed Energy Weapon Market

Directed Energy Weapon Market Size is expected to reach USD 4.2 Billion by 2027, registering a CAGR of 18.6% during 2020-2030.

Segmentation
By Type Lethal Weapon Non-Lethal Weapon
By Technology High Energy Laser Technology High Power Microwave Technology Particle Beam Weapons
By Application Military Homeland Security
By Platform Airborne Ground-Based Naval
Key Players
Companies Profiled   BAE Systems PLC (U.K.)   The Boeing Company (U.S.)   L3Harris TechnologiesInc (U.S.)   Lockheed Martin Corporation (U.S.)   Moog Inc (U.S.)   Northrop Grumman Corporation (U.S.)   Quinetiq Group PLC (U.S.)   Raytheon Company (U.S.)   Rheinmetall AG (Germany)   Textron Inc(U.S.)
Drivers
Market Driving Forces   Increase in Military Spending    Rising Terrorist Attacks and Focus on Counter Operations
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Directed Energy Weapon Market Overview


Directed Energy Weapon Market Size is Anticipeted to reach USD 4.2 Billion by 2030, registering a CAGR of 18.6% by 2020-2030

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.


COVID-19 Analysis


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.


Market Dynamics


Drivers



  • 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.


Opportunities



  • 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.


Challenges



  • 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.


Segmention Directed Energy Weapon Market


Platform Insughts


The ground-based segment is assessed to lead the forecast period's overall directed energy weapon market share.


Type Insights 


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.


 Applications Insights


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.


Technology Insights


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.


Regional Analysis


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.


Competitive Landscape


The strategic companies in the Global Directed Energy Weapon Market are



  • BAE Systems PLC (U.K.)

  • The Boeing Company (U.S.)

  • L3Harris Technologies, Inc. (U.S.)

  • Lockheed Martin Corporation (U.S.)

  • Moog Inc. (U.S.)

  • Northrop Grumman Corporation (U.S.)

  • Quinetiq Group PLC (U.S.)

  • Raytheon Company (U.S.)

  • Rheinmetall AG (Germany)

  • Textron Inc. (U.S.)


Recent Developments


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


Report Overview


Type Outlook



  • Lethal Weapon

  • Non-Lethal Weapon


 Technology Outlook



  • High Energy Laser Technology

  • High Power Microwave Technology

  • Particle Beam Weapons


 Application Outlook



  • Military

  • Homeland Security


 Platform Outlook



  • Airborne

  • Ground-Based

  • Naval




Report Scope:

Report Attribute/Metric Details
  Market Size   4.2 Billion
  CAGR   18.6%
  Base Year   2020
  Forecast Period   2020-2030
  Historical Data   2019
  Forecast Units   Value (USD)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered    By Type ,Application, By Platform,
  Geographies Covered   North American
  Key Vendors   BAE Systems PLC (U.K.),The Boeing Company (U.S.),L3Harris Technologies, Inc. (U.S.),Lockheed Martin Corporation (U.S.),Moog Inc. (U.S.),Northrop Grumman Corporation (U.S.),Quinetiq Group PLC (U.S.),Raytheon Company (U.S.),Rheinmetall AG (Germany),Textron Inc. (U.S.)
  Key Market Opportunities   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.
  Key Market Drivers   The elevated levels of the defense budgets are predicted to enhance the directed energy weapon market demand's development in the coming years.


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Frequently Asked Questions (FAQ) :

Directed Energy Weapon Market Size is expected to reach USD 4.2 Billion by 2030, registering a CAGR of 18.6% during 2020-2030.

Directed energy weapon market is projected to register a moderate 20.18% CAGR in the forecast period.

BAE Systems PLC (U.K.),The Boeing Company (U.S.),L3Harris Technologies, Inc. (U.S.),Lockheed Martin Corporation (U.S.),Moog Inc. (U.S.),Northrop Grumman Corporation (U.S.),Quinetiq Group PLC (U.S.),Raytheon Company (U.S.),Rheinmetall AG (Germany),Textron Inc. (U.S.)

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.