Latest News- Directed Energy Weapons Market: Defense is expected to lead the Application segment during 2024-2028

The Directed Energy Weapons Market is being driven by Development and procurement of advanced technologies in directed energy weapons

The Directed Energy Weapons Market is expected to grow at a CAGR of 19.4% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 5.31 billion. In the evolving landscape of global security, traditional bomber planes, once exclusively utilized for long-range air-to-surface attacks, have assumed new roles. The US military, for instance, has leveraged advanced technologies to conduct precision strikes from a distance, gaining a strategic edge over adversaries. Smart weapon systems, such as guided missiles and precision-guided munitions, enhance situational awareness with real-time data and analytics. Integrated communication systems (ICS) enable seamless information exchange between platforms, ensuring a coordinated and efficient response to emerging threats. This technological transformation in military aviation is redefining the role of bomber planes in modern warfare. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Defense
  • Homeland security
• Type
  • Non-lethal
  • Lethal
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
  • APAC
    • China
    • Japan
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Development and procurement of advanced technologies in directed energy weapons
• Significant focus on ISR operations by military organizations
• Growing adoption of asymmetric warfare with respect to directed energy weapons

However, the market also witnesses some limitations, which are as follows:

• Issues associated with legality of directed energy weapons.
• Stringent regulatory norms related to environmental concerns using directed energy weapons
• Lower penetration of availability and adoption of directed energy weapons in developing countries

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Market Scope in Directed Energy Weapons Market Research Report

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Research Analysis Overview

The Directed Energy Weapons (DEW) market is experiencing significant growth due to increasing demand from the defense sector for advanced technology to counter diverse threats such as drone swarms, mortar rounds, and guided missiles. Two primary types of DEW are gaining attention: Electromagnetic rail guns and High-energy lasers. Electromagnetic rail guns use electric current to accelerate a projectile to high velocities, while High-energy lasers use concentrated beams of light to destroy targets. Industry partners are collaborating with military organizations to develop laser weapon solutions for various applications. For instance, the U.S. Army is testing a laser weapon system on the Stryker vehicle, which can engage targets in the visible and infrared spectrums. High-powered microwave weapons and solid-state lasers are also under development, offering potential advantages in terms of cost, size, and power efficiency. The defense sector's exchange of knowledge and resources with industry partners is driving the advancement of DEW technology for military purposes. Defense projects, such as the U.S. Navy's Laser Weapon System Demonstrator, showcase the potential of DEW to protect against diverse threats and contribute to the overall defense strategy.

Market Research Overview

The directed energy weapons market is a significant segment of the global aerospace and defense industry, which falls under the broader category of capital goods markets. The aerospace and defense market comprises companies involved in the manufacturing of commercial and general aviation aircraft, defense platforms for naval, land, and air applications, arms and ammunition, defense electronics, defense logistics equipment, space platforms, and launch vehicles. Additionally, this market includes maintenance, repair, and overhaul (MRO) services for both commercial and defense sectors. According to Technavio, the global capital goods market size is determined by the combined revenue generated by manufacturers and providers for various industries, including aerospace and defense, building and construction, electrical equipment, industrial conglomerates, machinery, trading companies, and distributors.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
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