Directed Energy Weapon Market

Global directed energy weapons market is estimated to grow at a CAGR of 27.6% during the forecast period 2021-2030. The global directed energy weapons market is primarily driven by growing demand for laser weapons system by navy. Navy is at the forefront in terms of adoption of directed energy weapons to remain competitive and to reduce the maritime threats. The growing demand for laser weapons system by navy is driving the global directed energy weapon market growth.

High Energy Laser Leads the Technology Segment

Global directed energy weapons market has been segmented on the basis of technology, high energy laser system, end user, and application. The technology segment is further segmented into the high-energy laser, high power microwave, and particle beam. High energy laser leads the technology segment in terms of revenue in the global directed energy weapons market with over 56.1% market share in 2020. Growth of high energy laser technology is attributed due to the high research and development activities in order to develop the laser weapons. Moreover, high investments in the high-energy laser technology also justify the fastest growth rate of the segment with a CAGR of 28.1% during the forecast period.

Defense Market Remains as The Largest Application Segment

Defense market leads in global directed energy weapons market by capturing a largest market share of approximately 68.14% in the global directed energy weapons market in 2020. Defense market is anticipated to grow at CAGR of 28% during the forecast period. Global defense market is primarily driven by increasing defense spending across the world. Increasing defense budgets is expected to provide growth prospects for the directed energy weapons market during the forecast duration.

North America Revenues Dominates Across the Geography Segment

Geographically, the global directed energy weapons market is segmented into North America, Europe, Asia Pacific and Rest of the world (ROW). North America leads the global directed energy weapons market with the largest market share of 37.22 % in 2020. North America directed energy weapons market is primarily driven by high investments in the United States in directed energy weapons. in addition, the dominance of North America is justified by the presence of key players. These include Lockheed Martin Corporation (U.S.), The Boeing Company (U.S.), Northrop Grumman Corporation (U.S.), The Raytheon Company (U.S.) and others. Further, Air Force Research Laboratory, DARPA, Pentagon, United States Army Armament Research Development and Engineering Center and others are some of the United States organization that are involved in the development of directed energy weapons.

Asia Pacific: The Fastest Growing Geography

Asia Pacific is anticipated to be the fastest-growing region with a CAGR of 29.3% during the forecast period. High cases of terrorism in countries such as India, Pakistan, China, Sri Lanka, Myanmar, Indonesia, and others have pushed the governments of Asian countries for the adoption of directed energy weapons. Hence, owing to the high defense expenditure, the countries such as China, India, and others are turning towards the adoption of directed energy weapons.

Market Remains Consolidated with Dominance of Key Players

The global directed energy weapon market is a fairly consolidated market with the presence of few market players and some of the major key players involved in global directed energy weapons market are Lockheed Martin (U.S.), Boeing (U.S), Northrop Grumman (U.S.), Raytheon Company (U.S.), BAE Systems (U.K.).

Historical &Forecast Period

This research report presents the analysis of each segment from 2020 to 2030 considering 2020 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segment are calculated for the forecast period from 2021 to 2030.

Report Methodology

Market revenues and CAGR were derived from primary and secondary research. Both quantitative and qualitative trends were considered for extrapolation of market revenues. The derived market estimates were further validated from top down, bottom strategies and primary research. The scope of the market is limited to the following segments of product categories and region.

By Technology(2020-2030; US$ Mn)

• High Energy Laser
• High Power Microwave
• Particle Beam Weapons

By High Energy Laser System (2020-2030; US$ Mn)

• Chemical Laser
• Fibre Laser
• Free Electron Laser
• Solid -State Laser

By Application(2020-2030; US$ Mn)

• Homeland Security
• Defence

By End user (2020-2030; US$ Mn)

• Water based
• Airborne
• Terrestrial Vehicle
• Gun

By Region (2020-2030; US$ Mn)

• North America
• Europe
• Asia Pacific
• Latin America
• Africa

Global Impact of Covid-19 Segment (2020-2021; US$ Mn)

• Pre Covid-19 situation
• Post Covid-19 situation

Key questions answered in this report

• What are the key market segments in current scenario andin the future by product categories?
• What are the key market segments in current scenario andin the future by regions?
• What is the key impact of Covid-19 over market revenues and market determinants in the global directed energy weapon market?
• What are the primary and secondary macro and micro factors influencing the market growth currently and during the forecast period?
• What are the primary and secondary macro and micro factors deterring the market growth currently and during the forecast period?
• How to overcome the current market challenges and leverage the opportunities in each of the market segment?
• Who are the key players in the operational predictive maintenance market and what are their key product categories and strategies?
• What are the key strategies – mergers/acquisitions/R&D/strategic partnerships etc. that companies are deploying to enhance market revenues and growth?