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Electromagnetic Weapons Market Share

Report ID: GMI7509
Published Date: Dec 2024
Report Format: PDF

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Electromagnetic Weapons Market Share

Major defense companies like Lockheed Martin, Raytheon, and Boeing compete intensely in the electromagnetic weapons industry. These companies make substantial investments in research and development to create directed energy systems, high-powered microwaves, and electromagnetic railguns. They focus on obtaining defense contracts, building relationships with governments and military organizations, and enhancing their product range to address new threats such as drone swarms and electronic warfare. The market's competitive environment revolves around technological innovation, meeting modern military needs, and building a strong presence in land, naval, and airborne platforms.

Electromagnetic Weapons Market Companies

Major players operating in the electromagnetic weapons industry are:

BAE Systems
Boeing
Elbit Systems
General Atomics
Honeywell
L3Harris Technologies
Lockheed Martin
Northrop Grumman
QinetiQ
Rafael Advanced Defense Systems
Raytheon Technologies
Rheinmetall
Thales

Authors: Suraj Gujar , Partha Paul

Frequently Asked Questions (FAQ) :

The global market size for electromagnetic weapons was valued at USD 879.6 million in 2024 and is projected to reach USD 6.1 billion by 2034, driven by a CAGR of 21.6% during the forecast period due to increasing demand for advanced defense systems.

Non-lethal weapons held over 64.5% market share in 2024 and are expected to grow significantly by 2034, driven by rising adoption of directed energy technologies for crowd control and electronic disruption.

The North America market is expected to exceed USD 2.5 billion by 2034, driven by advancements in electronic warfare systems and increased defense spending.

Major players in the industry include BAE Systems, Boeing, Elbit Systems, General Atomics, Honeywell, L3Harris Technologies, Lockheed Martin, Northrop Grumman, QinetiQ, Rafael Advanced Defense Systems, Raytheon Technologies, Rheinmetall, and Thales.