Global Directed Energy Weapons (DEW) Market Size/Share Estimated to Reach USD 22.10 Billion by 2032, at 9.2% CAGR Growth: Polaris Market Research

NEW YORK, April 10, 2023 /PRNewswire/ -- A latest research report [115+] pages with 360-Degree visibility, titled "Directed Energy Weapons Market Share, Size, Trends, Industry Analysis Report, By Lethality (Non-Lethal and Lethal); By Technology; By Application; By Platform; By Region; Segment Forecast, 2023 - 2032" published by Polaris Market Research in its research repository.

"According to research report, the global directed energy weapons market (DEW) size/share was valued at USD 9.20 Billion in 2022 and is expected to reach USD 22.10 Billion By 2032, growing at a CAGR of 9.2% during the forecast period."

What is Directed Energy Weapons? How big is Directed Energy Weapons Industry Size & Share?

• Overview

Directed energy weapons are a kind of electromagnetic or particle technology that utilizes energy as contrasted to a material weapon to attack a target. The rapidly rising demand for directed energy weapons market can be attributed to their low operational costs per shot, travel much more speedily than those traditional weapons, and are not impacted by gravity and their capacity to augment silent and invisible attacks.

The meteoric growth in the military spending of advanced and emerging countries because of growing geopolitical apprehensions is speeding up the acquisition of contemporary air, sea and land, launch pad. The military is funding the incorporation of progressive weapon procedures, which is driving the growth of the market.

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(The sample of this report is readily available on request. The report sample contains a brief introduction to the research report, Table of Contents, Graphical introduction of regional analysis, Top players in the market with their revenue analysis and our research methodology.)

Our Sample Report May Includes:

• 2032 Updated Report Introduction, Overview, and In-depth industry analysis.
• 115+ Pages Research Report (Inclusion of Updated Research).
• Provide Chapter-wise guidance on Request.
• 2023 Updated Regional Analysis with Graphical Representation of Size, Share & Trends.
• Includes Updated List of table & figures.
• Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis.

Some of the Top Market Players Are:

• Elbit Systems Ltd
• Diehl Defense GmbH & Co. KG
• Honeywell International Inc.
• BAE Systems Plc
• II-VI Inc.
• Kord Technologies
• Leonardo S.p.A.
• L3Harris Technologies Inc.
• Northrop Grumman Corporation
• Lockheed Martin Corporation
• Rafael Advanced Defense Systems Ltd.
• Rheinmetall AG
• Raytheon Technologies Corporation
• The Boeing Company
• Thales Group

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The following are some of the key market opportunities for DEWs:

• Countering emerging threats: DEWs are well-suited for countering a range of emerging threats, such as unmanned aerial vehicles (UAVs), cruise missiles, and ballistic missiles. DEWs can be used to disable or destroy these threats at long ranges, without the risk of collateral damage.
• Space defense: DEWs can also be used to defend against threats in space, such as satellites and other space assets. DEWs can be used to disable or destroy these threats, without the risk of escalation into a full-scale space war.
• Law enforcement: DEWs can also be used by law enforcement to counter a range of threats, such as active shooters and vehicle-borne improvised explosive devices (VBIEDs). DEWs can be used to disable or destroy these threats, without the risk of harming innocent bystanders.

The DEW market is still in its early stages of development, but the technology is rapidly evolving. As DEWs become more mature and affordable, they are expected to be widely adopted by militaries and law enforcement agencies around the world.

The following are some of the key challenges facing the DEW market:

• Technology development: DEW technology is still in its early stages of development, and there are a number of challenges that need to be addressed before DEWs can be widely deployed. These challenges include the need for more powerful lasers, the need for more efficient power sources, and the need for more effective beam control systems.
• Cost: DEWs are currently very expensive to develop and deploy. As the technology matures, costs are expected to come down, but DEWs are likely to remain a relatively expensive option for many years to come.
• Regulatory environment: The use of DEWs is subject to a number of regulatory restrictions. These restrictions vary from country to country, and they can make it difficult to deploy DEWs in some areas.

Despite these challenges, the DEW market is expected to grow significantly in the coming years. The increasing demand for DEWs from militaries and law enforcement agencies around the world, combined with the rapid pace of technological development, is expected to drive the growth of the DEW market.

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Key factors driving market growth

• Production of no indemnity impairment to physical structure to push the market

As per the US Department of Defense, DEW can produce least to no insurance impairment to material edifices in the ambiance or line of sight. The directed energy weapons market size is expanding due to the abovementioned feature suiting pre-eminent central conflict, confrontations, or possible air defense techniques. As per the CRS report on US army weapons-related directed energy programs, DEW programs are in the favourable stages, which are US Navy's LAWS (laser weapon system) program in the US Army's C-RAM program and the SHORAD program.

Amidst the emergence of hypersonic projectiles, there is a growing demand for systematic deterrence together with concurrent multiple target acquisition and destruction potential by armed forces globally. Directed energy weapons market sales are soaring due to the emergence of these weapons is expected to lessen the high costs induced by armed forces and governments globally to sustain, diffuse and destroy traditional ammunition. This advancement will eliminate periodic ammunition acquisition by armed forces globally.

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Recent trends influencing the market

Escalation in the military disbursement by key countries to drive the market

Due to several military and government applications, the market has profitable possibilites in the forecast period. Growth in military spending by prominent countries has been observed in the last five years. The vindication against terrorist bombardment, CBRN menaces, and nuclear hostility to protect ordinary lives and national security are crucial components expected to propel the market in the course of the forecast period.

Direct energy weapons such as high-intensity microwaves, lasers, and electromagnetic armaments are installed to curb or dissuade bombardment from menaces such as ballistic missiles and anti-satellite weapons, amongst others. The increasing instances of extremist attacks and many provincial disputes in different parts of the world are among the main reasons for the increase in demand for direct energy weapons.

Segmentation assessment

• The lethal segment is expected to be the largest segment

Based on lethality, the lethal segment is expected to be the largest segment. Directed energy weapons market demand is on the rise as there is sizeable implementation of lethality by armed forces worldwide and the focus on demolishing adversary military holdings.

• High energy laser technology segment is estimated to be the fastest growing

Based on technology, the high-energy laser technology segment is expected to be the speedily-developing segment throughout the projected period. Directed energy weapons market trends include the growing demand for high-energy laser technology, and advancements in the similar will push the market diversification.

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Directed Energy Weapons Market: Report Coverage & Scope

Geographic Overview

• Protection against land, sea, and air threats to propel the North American market

North America held the largest directed energy weapons market share due to safeguarding in case of many ultimatums for land, sea, and air defense petitions. A notable section of the federal budget is reserved for next-generation electronic warfare artillery. Also, a towering accession rate of artillery mechanisms utilizing laser technology will push market augmentation.

The market in Asia Pacific is forecast to grow at the greatest CAGR due to thriving R&D disbursement on direct energy automation by regional and international market rivals and towering approval rates for defense and homeland security administration. Also, the spread of regional nations' funding has pushed the generation of directed energy mechanisms by franting funds to state-owned enterprises.

Browse the Detail Report "Directed Energy Weapons Market Share, Size, Trends, Industry Analysis Report, By Lethality (Non-Lethal and Lethal); By Technology; By Application; By Platform; By Region; Segment Forecast, 2023 - 2032" with in-depth TOC: https://www.polarismarketresearch.com/industry-analysis/directed-energy-weapons-market

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Recent developments

• In July 2022, Elbit Systems Ltd was provided with an arrangement of USD 80 million to deploy IR-PAWS (Infrared-based Passive Airborne Warning Systems) EW systems and C-MUSIC directed infrared remedy to an unnamed Asia Pacific nation. The following two years will see the completion of this deal.

Polaris Market Research has segmented the Directed Energy Weapons market report based on lethality, technology, application, platform, and region:

By Lethality Outlook

• Non-Lethal
• Lethal

By Technology Outlook

• High Power Microwave Technology
• High Energy Laser Technology
• Plasma Weapons
• Particle Beam Weapons
• Sonic Weapons

By Application Outlook

• Defense
• Homeland Security

By Platform Outlook

• Ship-Based
• Land-Based
• Airborne-Based
• Space-Based

By Region Outlook

• North America (U.S., Canada)
• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
• Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
• Latin America (Brazil, Mexico, Argentina)
• Middle East & A

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About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.

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