DUBLIN--(BUSINESS WIRE)--The "Directed Energy Weapons Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Technology, Range, Application, and Platform" report has been added to ResearchAndMarkets.com's offering.
The Directed Energy Weapons market is expected to grow from US$ 1,780.61 Million in 2022 to US$ 5,737.45 Million by 2028; it is estimated to grow at a CAGR of 21.5% from 2022 to 2028.
Modern directed-energy weapons with exceptional precision have made it necessary for nations with border disputes and regional threats to rely on such cutting-edge weapons for their border safety. For instance, Missile Defense Agency's (MDA) directed energy demonstrator development program targets technical risk reduction and maturation for high-powered strategic lasers, beam control, lethality, and associated technologies.
In FY2021, the MDA's directed energy demonstrator development program received US$ 42 million in funding from the department of defense. Future DEW systems are most certainly to be developed more powerful than current systems using realistic klystron amplifier technology, as reported by the Chinese researchers. For instance, in Shanghai, researchers are developing a DEW system to enable a firing range of 100-petawatt laser shots by 2023. These parameters are catalyzing the growth of directed energy weapons market.
Europe is expected to account for second largest directed energy weapons market share in 2022 and is also expected to grow at a healthy rate in the forecast period. Directed energy weapons capabilities are now being developed and implemented by several European organizations. The increasing threat of rockets, missiles, unmanned air vehicles, etc., is accelerating the development and deployment of directed energy weapons in Europe.
Currently, the majority of the countries in Europe are working on the integration of counter-UAV laser systems into their armed forces, which can be later scaled into complete air defense systems. Therefore, the conflict between various countries across the region, which would lead to geopolitical war, is expected to boost the directed energy weapons market growth in the coming years.
Further, European arms manufacturer MBDA is developing a laser weapon system called 'Dragonfire' that could be deployed on the warships owned by UK's Royal Navy. This new laser-directed energy weapon system can shoot several thousand-kilowatt powered lasers and defend against drones and other airborne enemy units. In September 2021, the British government made a military contract worth US$ 100 million to companies such as Raytheon and Thales for the development of directed energy weapon systems. Thus, the development of the new Dragonfire weapon system will create an opportunity for a directed energy weapons market in the region. Further, Germany's Federal for Bundeswehr Equipment, Information Technology, and In-Service Support (BAAINBw) awarded a contract to MBDA Deutschland GmbH and Rheinmetall Waffe Munition GmbH. This is the contract to fabricate, integrate and support the testing of a laser weapon demonstrator in the maritime environment. The laser weapon demonstrator was fabricated, tested, and integrated at the end of 2021. The trials onboard the German Navy frigate F-124 Sachsen is expected to occur in 2022.
Market Dynamics
Market Drivers
- Increasing Adoption of Directed-Energy Weapons as Countermeasures
- Rising Focus on Developing High-Energy DEWs
Market Restraints
- Severe Health Consequences of Using Directed Energy Weapons
Market Opportunities
- Military Research & Development Programs for Directed Energy Weapons
Future Trends
- Increasing Focus on Development of Microwave Directed Energy WeaponsÂ
Key Topics Covered:
1. Introduction
2. Key Takeaways
3. Research Methodology
4. Directed Energy Weapons Market Landscape
5. Directed Energy Weapons Market - Key Market Dynamics
6. Directed Energy Weapons Market - Global Market Analysis
7. Directed Energy Weapons Market Analysis - by Technology
8. Directed Energy Weapons Market Analysis - by Range
9. Directed Energy Weapons Market Analysis - by Application
10. Directed Energy Weapons Market Analysis - by Platform
11. Directed Energy Weapons Market - Geographic Analysis
12. Directed Energy Weapons Market - COVID-19 Impact Analysis
13. Industry Landscape
14. Company Profiles
15. Appendix
Companies Mentioned
- Lockheed Martin Corporation
- Thales Group
- L-Harris Technologies, Inc.
- Elbit Systems Ltd
- Raytheon Technologies Corporation
- BAE Systems
- Moog Inc.
- Honeywell International Inc.
- Rheinmetall AG
- Boeing
For more information about this report visit https://www.researchandmarkets.com/r/jz604b
