Home > Aerospace & Defense > Defense and Safety > Weapons and Ammunition > Electromagnetic Weapons Market

Electromagnetic Weapons Market Share

Report ID: GMI7509
Published Date: Nov 2023
Report Format: PDF

Download Free Sample

Electromagnetic Weapons Market Share

The key players in the electromagnetic weapons industry focus on implementing different growth strategies to strengthen their offerings and expand their market reach. These strategies involve new product developments & launches, partnerships & collaborations, mergers & acquisitions, and customer retention. These players also heavily invest in research & development to introduce innovative and technologically advanced solutions in the market. Some major players operating in the electromagnetic weapons industry are mentioned below:

Thales Group
Northrop Grumman Corporation
Lockheed Martin Corporation
Raytheon Technologies Corporation
BAE Systems
L3Harris Technologies, Inc.
Rheinmetall AG

Authors: Suraj Gujar , Sandeep Ugale

Frequently Asked Questions (FAQ) :

Market size for electromagnetic weapons crossed USD 400 million in 2022 and is anticipated to witness over 20% CAGR from 2023 to 2032 due to higher government support for preserving technological superiority in dynamic battlefields

The non-lethal weapons product segment garnered over 60% of the electromagnetic weapons industry in 2022 owing to higher usage by law enforcement and military personnel to lower the possibility of using lethal force and minimize collateral damages.

Electromagnetic weapons market from the naval end user segment is anticipated to register over 21% CAGR from 2023 to 2032 owing to the rising need to defend against threats, such as drones and anti-ship missiles

North America industry for held over 30% share of the global electromagnetic weapons in 2022 on account of significant investments in defense technologies and heavy emphasis on military innovations in the region