Directed Energy Weapons Market Analysis

Directed Energy Weapons Market Analysis

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Based on type, the lethal segment held approximately 55% of the market share in 2022 and is expected to grow at a lucrative pace by 2032. The segment growth has been led by the rising demand for lethal & accurate weapons. On account of rising demand for precision technology in lethal weapons from military forces around the world, the directed energy weapons market is witnessing exponential growth. Automated shotguns, electromagnetic bombs (e-bombs), gun-launched guided projectiles, microwave guns, navy laser cannons, plasma cannons (electrothermal accelerator), plasma grenades, and rail guns are a few examples of lethal directed energy weapons.
 

Based on application, the defense segment accounted for USD 2.5 billion in 2022. The rising spending on defense by countries including China, India, Brazil, and South Korea will increase the sector revenue. However, the homeland security segment is anticipated to expand at the fastest rate. The growing political tensions, local riots, and non-lethal weapon demand are some factors bolstering the homeland security sector.
   

Based on end use, the land segment captured around 35% of the directed energy weapons market share in 2022 and is predicted to observe around 15% growth rate by 2032. Programs, such as Active Denial System, Iron Beam, and the WB-1 Microwave directed energy weapon, are responsible for the increasing popularity of land-based directed energy weapon systems. These systems are significantly more effective than other conventional weapon systems against ballistic missiles, unmanned aerial vehicles, and mortars. The demand for land-based directed energy weapon systems is likely to increase significantly owing to an increase in the number of advanced laser weapon system programs around the globe.
 

North America dominated nearly 10% of the directed energy weapons market share in 2022. The region currently dominates the market due to the U.S. Department of Defense's (DoD) substantial investments in integrating directed energy weapon technology into the army, navy, and air force. The government has signed contracts with various directed energy manufacturers, such as Raytheon Technologies Corporation, Lockheed Martin Corporation, and Boeing, in recent years to develop & deploy directed energy weapons. The expansion of funding by funneling money to state-owned businesses has expedited the development of directed energy mechanisms.