Report Id: SNS/A&D/1124 | May 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Directed Energy Weapons Market Size was valued at USD 5.58 billion in 2022, and is expected to reach USD 22.32 billion by 2030, and grow at a CAGR of 18.9% over the forecast period 2023-2030.
The growing demand for a laser especially for the navy, regulations, and legal impact of DEWs have resulted in the growth of the targeted energy weapons market. In addition, the need for accuracy has added to the popularity of the market. However, the arms transfer policy and insufficient funding limit the growth of the market to a large extent. On the other hand, rising international security costs and technological advances are expected to provide greater opportunities for key market players.
A weapon that emits concentrated energy and can transfer that energy to the target is called directed nuclear power. The targeted arms market is known for making very strong beams. They mainly use a single vision system to track a target or simply focus on that target. Lasers are considered to be the most advanced type of DEW weapon. In addition, these rays can be easily redirected through mirrors to damage invisible objects in the source.
Growing local conflicts and the growing need for advanced military equipment in warfare systems are improving the global market for targeted weapons. In addition, the growing investment of a few defense and military organizations in developing existing infrastructure to improve national security also accelerates the market growth. In addition, the increase in threats from hypersonic weapons, especially missiles, results in the need for more powerful weapons of mass destruction in the missile trajectory. Apart from this, the increasing adoption of specific nuclear weapons to protect civilians in many chemicals, biological, radiological, and nuclear emergencies also strengthen market growth. Apart from this, the emergence of various military-based UAVs and drones combined with targeted power weapons to provide precise long-range accuracy and remote operation is driving the global market. In the years to come, the introduction of a few advanced solutions, such as high-energy lasers for the deterrence of cruise missiles, will continue to stimulate the global nuclear power market.
High market demand
Lasers are Anti-personnel
Rising barrier in DEW system
Complexity of design
THE IMPACT OF COVID-19
The pandemic-affected year revealed an unchanged position of contractors, who are now better positioned and thus immune because they will most likely not feel the impact of COVID-19 in the short- to mid-term. While manufacturing is slow for the same reasons that aircraft manufacturing is, demand over the next two years is unlikely to be influenced because resources for these projects were delegated prior to the pandemic, and the projects are critical to national security. Because nations tended to rely on domestic producers for essential military equipment, the defense industry was shielded from global shocks. The COVID-19 pandemic has wreaked havoc on the economies of countries all over the world. Directed energy weapon manufacturing, including systems, subsystems, and components, has also been impacted. Although directed energy weapons are critical for national integration, supply chain disruptions have temporarily halted their production processes. The level of COVID-19 exposure, the level at which manufacturing operations are running, and import-export regulations, among other factors, all influence the resumption of manufacturing activities. While businesses may still accept orders, delivery schedules may not be fixed.
Because of the increased employment of directed energy weapons by military forces, the military is the largest segment. Throughout the projected period, the homeland security application is expected to increase at a rapid CAGR.
The ground-based category is expected to dominate the overall directed energy weapon market share over the forecast period.
Throughout the forecast period, the lethal weapon segment is expected to grow at a rapid pace. The massive R&D funding, particularly in lethal weapons, is one of the key factors expected to propel the directed energy weapons market forward.
The high-energy laser technology segment is expected to be the most important during the review period. As these drones can spend more time in the air, the high-power microwave technology segment of the directed energy weapon market is growing at the fastest rate.
Global market player in Directed Energy Weapons market are BAE Systems PLC, The Boeing Company, L3Harris Technologies, Inc., Lockheed Martin Corporation, Moog Inc., Northrop Grumman Corporation, Quinetiq Group PLC, Raytheon Company, Rheinmetall AG, Textron Inc, and other players.
KEY MARKET SEGMENTS:
High energy laser
High power radio frequency
The North American region will take the lead in military development. Because of technological advancements in warfare platforms and collective defense budgets, North America is expected to dominate the market.
The majority of companies operating in the directed energy weapons market are based in the United States, further cementing the region's overall control of the global market. Military Spending to Strengthen APAC The Asia Pacific region is the fastest growing region in the directed energy weapon market, owing to rising terrorism incidents and border threats.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 5.58 Billion|
|Market Size by 2030||US$ 22.32 Billion|
|CAGR||CAGR of 18.9% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Technology (High energy laser, High power radio frequency (microwave weapons), Electromagnetic weapons, Sonic weapons)
• by Application (Homeland Security, Military)
• by Platform (Land, Airborne, Naval, Space)
• by Type (Lethal Weapon, & Non-Lethal Weapon)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||BAE Systems PLC, The Boeing Company, L3Harris Technologies, Inc., Lockheed Martin Corporation, Moog Inc., Northrop Grumman Corporation, Quinetiq Group PLC, Raytheon Company, Rheinmetall AG, Textron Inc, and other players.|
|Key Drivers||• High market demand
• Rising modernization
|RESTRAINTS||• Lasers are Anti-personnel|
Frequently Asked Questions (FAQ) :
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
188.8.131.52 United Kingdom
184.108.40.206 South Korea
220.127.116.11 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Directed Energy Weapons Market, by Type
8.1 Lethal Weapon
8.2 Non-Lethal Weapon
9. Global Directed Energy Weapons Market, by Technology
9.1 High energy laser
9.2 High power radio frequency
9.3 microwave weapons
9.4 Electromagnetic weapons
9.5 Sonic weapons
10. Global Directed Energy Weapons Market, by Application
10.1 Homeland Security
11. Global Directed Energy Weapons Market, by Platform
12. Regional Analysis
12.2 North America
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4.2 South Korea
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.3 South Africa
12.6 Latin America
12.6.3 Rest of Latin America
13. Company Profiles
13.1 BAE Systems PLC
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 The Boeing Company
13.3 L3Harris Technologies Inc.
13.4 Lockheed Martin Corporation
13.5 Moog Inc.
13.6 Northrop Grumman Corporation
13.7 Quinetiq Group PLC
13.8 Raytheon Company
13.9 Rheinmetall AG
13.10 Textron Inc.
14. Competitive Landscape
14.1 Competitive Benchmark
14.2 Market Share analysis
14.3 Recent Developments
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of a good and accurate research report and selecting the best methodology to complete the research is the toughest part. Since the research reports, we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach a stage wherein we can provide our clients best and most accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brainstorming sessions to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research as the name suggests is a research process wherein, we collect data through readily available information. In this process, we use various paid and unpaid databases to which our team has access and gather data through the same. This includes examining listed companies’ annual reports, Journals, SEC filling, etc. Apart from this, our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various universities as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content-specific facts that can be sued to solve specific problems. Since the collected data is fresh and first-hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply sides of the industry to make sure we land an accurate judgment and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses, and observation of on-field participants. The below-mentioned chart should give a better understanding of part 1 of the primary interview.
Part 2: In this part of the primary research the data collected via secondary research and part 1 of the primary research is validated with the interviews with individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence center, our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real-time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but is not limited to getting rid of the many typos, duplication of numbers, or missing any important information. The people involved in this process include technical content writers, research heads, and graphics people. Once this process is completed the title gets uploaded on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.