Home > Aerospace & Defense > Defense and Safety > Weapons and Ammunition > Electromagnetic Weapons Market
Electromagnetic Weapons Market Size
- Report ID: GMI7509
- Published Date: Nov 2023
- Report Format: PDF
Electromagnetic Weapons Market Size
Electromagnetic Weapons Market was valued at over USD 400 million in 2022 and is anticipated to grow at a CAGR of over 20% between 2023 and 2032. Governments understand the strategic value of electromagnetic weapons in modern warfare as they provide non-lethal & precision capabilities for disrupting or destroying the electronic systems of opponents. Furthermore, governments are striving to preserve technological superiority in dynamic battlefields by incurring expenditures in electromagnetic weapons technology, encouraging innovations and adoption in military applications, and promoting market expansion. For instance, in June 2020, BAE Systems plc signed an agreement with the U.S. Army to develop an electromagnetic rail gun. This contract enabled BAE Systems Plc. to expand railgun technology and further develop railgun weapon systems for army uses, boosting their effectiveness against a variety of threats.
Electromagnetic weapons, often abbreviated as EM weapons, are advanced military technologies designed to disrupt, disable, or destroy electronic systems using electromagnetic energy. These weapons employ a range of technologies, including directed energy pulses or microwaves, to interfere with or damage an adversary's electronic infrastructure, such as communication systems, radar, or computers, without causing any physical harm to people or structures. They end userform an integral part of modern electronic warfare, offering non-lethal & precise means of countering enemy capabilities.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Electromagnetic Weapons Market Size in 2022: | USD 400 Million |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 20% |
| 2032 Value Projection: | USD 2 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 220 |
| Tables, Charts & Figures: | 273 |
| Segments covered: | Product, weapon type, end-user and region |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
As electromagnetic weapons become more prevalent, enemies and potential targets will engage in countermeasures to nullify their effects. This arms race may result in quick advances in defense technologies, potentially diminishing the effectiveness of electromagnetic weapons. Furthermore, the vulnerability of electromagnetic weapons to countermeasures may discourage potential users, reducing market demand. As a result of the changing landscape of countermeasures, it is essential to undertake innovations in electromagnetic weapons. However, the dynamic nature of this market can pose obstacles and uncertainties for market growth as the effectiveness of these weapons can be jeopardized.
Frequently Asked Questions (FAQ) :
Electromagnetic Weapons Market Scope
