The new report by Expert Market Research titled, ‘Global Directed Energy Weapons (DEW) Market Size, Share, Price, Trends, Growth, Report and Forecast 2022-2027’, gives an in-depth analysis of the global directed energy weapons (DEW) market, assessing the market based on its segments like product type, technology, application, end use, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
• Forecast CAGR (2022-2027): 18.48%
Due to rising geopolitical tensions, developed and emerging countries are rapidly expanding their military spending, which is speeding up the acquisition of new air, land, and sea platforms and thus boosting the market growth. The rising focus of defence forces across the globe on modernising their military electronic warfare and defence systems, increasing investments being made by respective governing bodies towards military aid, including directed energy weapon systems, will propel the market growth of directed energy weapons. Due to rapid economic expansion and rising security challenges across the Asia Pacific region, and an increase in border conflicts, demand for directed energy weapons has increased in recent years. A primary factor expected to continue to fuel increasing revenue growth opportunities for the global directed energy weapons market is the growing need for military forces around the world to reinforce and strengthen their respective defensive and offensive capabilities against threats both foreign and domestic. Over the forecast period, the market is expected to expand due to rising demand for lethal and precise weapons.
Industry Definition and Major Segments
A direct energy weapon (DEW) is a ranging weapon that uses any focused energy, such as lasers, microwaves, or particle beams, to damage its target. Weapons that target people, missiles, vehicles, and optical devices could all benefit from this technology. When opposed to employing a high-cost missile to destroy moderate-level threats like tiny drones, they offer a more cost-effective, high-speed, and highly precise approach of countering airborne threats.
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By product type, the market is divided into:
• Lethal
• Non- Lethal
On the basis technology, the market is segmented into:
• High Energy Laser
• High Power Microwave
• Particle Beam
• Others
Based on application, the Directed Energy Weapons (DEW) market is divided into:
• Homeland Security
• Defence
The end use of the market is:
• Airborne
• Gunshot
• Land Vehicles
• Ship Based
On the basis of region, the market is segmented into:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Market Trends
The military is investing in the integration of modern weapon systems on board vehicles, such as directed energy weapons, which is propelling the market ahead. The growing threat of rockets, missiles, unmanned air vehicles, and other-directed energy weapons is accelerating the development and deployment of these weapons. The market is predicted to rise due to the huge number of private industry players that have made various advancements and investments because of having larger funds for research and development. Other factors that are expected to affect market expansion include the ever-changing political landscape and the requirement for governments and other governing bodies to safeguard the security of their own regions. Growing demand for self-protecting weapons due to increasing threats from cross border terrorism is also expected to drive the market in various regions.
Key Market Players
The major players in the market are Roketsan Roket Sanayii ve Ticaret A.S., Applied Companies Corporation, BAE Systems plc, Lockheed Martin Corporation, The Boeing Company, and Raytheon Technologies Corporation, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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