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Directed Energy Weapons Market Size
- Report ID: GMI5715
- Published Date: May 2023
- Report Format: PDF
Directed Energy Weapons Market Size
Directed Energy Weapons Market size valued at 4.5 billion in 2022 and is estimated to register over 15% CAGR between 2023 and 2032. The rapid increase in military spending by developed and emerging countries due to the rising geopolitical tensions is augmenting the acquisition of new air, land, and sea platforms. The integration of advanced weapon systems such as directed energy weapons on board vehicles by armed forces is driving market growth.
The growing threats posed by rockets, missiles, unmanned aerial vehicles (UAV), and other weapons are accelerating the directed energy weapons market development. Currently, most countries are focused on integrating counter-UAV laser systems into their armed forces, which can then be scaled up to complete air defense systems.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Directed Energy Weapons Market Size in 2022: | USD 4.5 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 15% |
| 2032 Value Projection: | USD 15 Billion |
| Historical Data for: | 2017 to 2021 |
| No. of Pages: | 271 |
| Tables, Charts & Figures: | 316 |
| Segments covered: | Type, Technology, Application, End-Use |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Directed energy refers to any technology that generates a concentrated beam of electromagnetic energy such as microwaves, radio waves, and lasers. This technology is employed in weapons to disable, damage, or destroy adversary equipment, facilities, and personnel. High-energy laser weapons, high-power radiofrequency, or microwave devices, and charged or neutral particle beam weapons are the common variants. These weapons have numerous advantages over conventional munitions such as the high-speed transmission of lethal force, minimal effects of gravity or atmospheric drag, and stealth-like performance with noise-free & invisible beams. As a result, directed energy weapons are deployed in military ships, land vehicles, aircraft, and Unmanned Vehicles (UMVs).
Directed energy weapons technology is still in its early stage, and several challenges need to be overcome before these weapons can be widely deployed. Among these challenges are the need for more powerful lasers, more efficient power sources, and more effective beam control systems. The use of directed energy weapons is governed by several regulations. These restrictions vary by country, creating difficulties in the deployment of directed energy weapons in certain areas.
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Directed Energy Weapons Market Scope
