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Directed Energy Weapons Market Trends

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

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Directed Energy Weapons Market Trends

The growing use of directed energy weapons to protect civilians from a variety of Chemical, Biological, Radiological, and Nuclear (CBRN) emergencies is fueling market growth. The emergence of various military-based UAVs & drones equipped with directed energy weapons for long-range precision targeting and remote operations is propelling the global market. The introduction of advanced solutions such as High-Energy Laser (HEL) power to intercept cruise missiles will catalyze the global market for directed energy weapons. Although the directed energy weapons market is in the nascent stage, the technology is advancing quickly. As directed energy weapons become more advanced & affordable, militaries and law enforcement organizations worldwide are forecast to extensively adopt them.

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.