Directed Energy Weapons Market is expected to reach US$ 5,737.45 Million by 2028

Military Research & Development Programs to Provide Growth Opportunities for Directed Energy Weapons Market During 2022–2028

According to our latest market study on "Directed Energy Weapons Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Technology, Range, Application, and Platform," the 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.

Directed energy weapons (DEWs) such as high-power microwaves, lasers, and electromagnetic weapons are used as countermeasures against threats that include ballistic missiles, anti-satellites, and nuclear weapons. They offer a cheap, fast, and highly accurate method of countering airborne threats compared to using expensive missiles to destroy mid-level threats such as small drones.

The vendors across directed energy weapons market are working on developing countermeasures for missiles and rockets. Directed energy weapons such as microwaves, particle-beam, and lasers that are powered by electricity are in no need of complex supply chains as compared to missile batteries, hence there is high expected adoption of DEWs instead of missiles in the future. This is driving the directed energy weapons market growth by the military to utilize them as countermeasures for threats, especially for units that operate within a range of an enemy’s missiles. Moreover, integrating directed energy with a mobile energy source, such as the one envisioned by the US Department of Defense's (DoD’s) Project Pele, and usage of DEWs as countermeasures will be cost-effective as they can counter incoming air attacks and missile threats at far less cost than other options that include kinetic weapons. Countermeasure of such threats for a few dollars by generating electricity-powered laser shots is far more affordable than kinetic interceptors, which cost millions of dollars. DEWs are an affordable means to defeat low-cost threats such as small UAVs. For instance, DoD’s M-SHORAD is a DEW developed to fire lasers and sensors onto a Stryker vehicle. Higher-power lasers are being developed to countermeasure China’s voluminous missile salvos. In 2019, the Advanced Test High Energy Asset (ATHENA) weapons were developed by Lockheed Martin to slew, acquire, track, and defeat drones with a high-energy laser. The system is utilized to eliminate airborne targets by causing loss of control and structural failure. The US navy is developing microwave, laser, and electronic warfare as warship air and point defense systems, restricting the more expensive ship-launched missiles for offensive purposes. The 60-kW HELIOS system is being deployed on the Arleigh Burke Flight IIA destroyer. Moreover, Optical Dazzling Interdictor, Navy (ODIN) is installed on three Arleigh Burke-class guided-missile destroyers and will be installed for two more in the coming years.

North America is expected to account for largest directed energy weapons market share in 2022. The US is anticipated to hold a major directed energy weapons market share in the North America region in 2022. The US is one of the most developed countries in the region, with the highest military expenditure over the years. The US has the largest defense budget in the world, and a large amount of budget is contributed toward the adoption and procurement of upgraded technologies, safety, security, etc., that augment the demand for directed energy weapons in the country. The US is the leading country in terms of global firepower. It has 11 aircraft carriers, which is the highest in the world. It also has more than 900 attack helicopters. Furthermore, it has more than 40,000 armored fighting vehicles and over 65 submarines, apart from over ~13,000 fighter jets. According to SIPRI, the country's military spending was 3.7% of the national GDP in 2020 to 3.5% in 2021. In 2021, US military spending was US$ 801 billion. The US funding for military research and development (R&D) increased by 24%, while funding for arms purchases decreased by 6.4% from 2012 to 2021. However, the increase in military expenditure is also expected to boost the directed energy weapons market growth.

The directed energy weapons market is segmented into technology, range, application, and platform. Based on technology, the directed energy weapons market is segmented into laser, microwave, particle beam, and others. The laser segment is further bifurcated into high energy and low energy. Based on range, the directed energy weapons market is bifurcated into less than 1 mile and more than 1 mile. Based on application, the directed energy weapons market is segmented into ground, naval, and airborne. Based on platform, the directed energy weapons market is segmented into armored vehicles, unmanned systems, handheld systems, aircraft systems, ships & submarines, and others.

Directed Energy Weapons Market - by Region, 2022

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Directed Energy Weapons Market Report Share & Forecast-2028

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Directed Energy Weapons Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Technology (Laser, Microwave, Particle Beam, and Others), Range (Less Than 1 Mile and More Than 1 Mile), Application (Ground, Naval, and Airborne), and Platform (Armored Vehicles, Unmanned Systems, Handheld Systems, Aircraft Systems, Ships and Submarines, and Others)

Lockheed Martin Corporation; Rheinmetall AG; Raytheon Technologies Corporation; Thales Group; and L3Harris Technologies, Inc. are a few of the key directed energy weapons market players profiled during the study. Several other major companies were studied and analyzed during this research study to get a holistic view of the directed energy weapons market and its ecosystem. The report provides detailed insights, which helps the directed energy weapons market players strategize their growth.

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