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Directed Energy Weapons Market Share

Report ID: GMI5715
Published Date: May 2023
Report Format: PDF

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Directed Energy Weapons Market Share

Some major players operating in the directed energy weapons market are Applied Companies, :

BAE Systems Plc
L3harris Technologies Inc
Lockheed Martin Corporation
Moog Inc.
Northrop Grumman Corporation
Qinetiq Group PLC
Raytheon Technologies Corporation
Rheinmetall Aktiengesellschaft
Textron Inc
The Boeing Company

These players focus on strategic partnerships and new product launches & commercialization for market expansion. They are heavily investing in research to introduce innovative products and garner maximum revenue in the market.

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

The market valuation of directed energy weapons was worth over 4.5 billion in 2022 and is anticipated to record more than 15% CAGR from 2023 to 2032 due to the rapidly increasing military spending across developed and emerging countries.

The Lethal directed energy weapons segment held over 55% of the market share in 2022 owing to the rising need for lethal & accurate weapons.

The land end-use segment recorded around 35% of the directed energy weapons market share in 2022 and will expand at 15% CAGR from 2023 to 2032 driven by the rise in the number of advanced laser weapon system programs.

North America held more than 10% of the directed energy weapons market share in 2022 owing to substantial investments for integrating directed energy weapon technologies into the army, navy, and air force.