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Electromagnetic Weapons Market Report Scope & Overview:

The Electromagnetic Weapons Market Size was valued at USD 742.26 million in 2023 and is expected to reach USD 3149.35 million by 2031 and grow at a CAGR of 19.8% over the forecast period 2024-2031.

Electromagnetic weapons use electromagnetic energy to transmit heat, mechanical, or electrical energy to the target, causing pain or lasting damage. With high levels of electromagnetic pulses, these weapons are capable of disrupting the operation of electronic equipment and causing physical harm to items. By producing damaging voltage within electrical wires, these weapons cause harm to electronic systems. Electromagnetic weapons employ focused electrical and magnetic energy to disrupt crucial enemy electronics used for communication, navigation and guiding, computing, and displays. Armed forces around the world are developing electromagnetic railguns that will be used against humans, electrical equipment, and military targets.

Electromagnetic Weapons Market Revenue Analysis

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MARKET DYNAMICS

KEY DRIVERS

  • Electromagnetic weaponry system  

  • Pulse Power technology

  • Enlarging investment

RESTRAINTS

  • High power

  • Lethality

OPPORTUNITIES

  • Enlarge R&D

  • Increasing accuracy

CHALLENGES

  • Complexity

  • Continuous upgradation

  • Rising barriers

THE IMPACT OF COVID-19

The COVID-19 crisis has created market uncertainty, leading to massive supply of supply chain, declining business confidence, and increased panic among customer segments. The governments of various regions have announced the complete closure and temporary closure of factories, thus having a negative impact on total production and sales. Countries around the world have set strict limits on the days to months for closing spaces. As a result of the epidemic, many businesses have been suspended and waiting for market conditions to improve. The impact of the COVID-19 epidemic has led to delays in the development of magnetic weapons and a decrease in trials and protests, restrictions on the performance of key players, and a shortage of components. The epidemic caused supply chain disruption resulting in delays in the development of electromagnetic railguns.

Lack of components, sub-systems, and electronic systems, due to regulations related to the import and export of goods also caused production delays. The development of nuclear weapons has also had an impact due to a lack of material resources, due to production closures in China, South Korea and Taiwan.

By Technology

According to projections, the particle beam weapons segment will be the largest in 2022. During the forecast period, this segment is expected to grow at a CAGR of 20.7%. This growth can be attributed to particle beam weapons ease of installation and low power consumption. In comparison to conventional ordnance, they have almost no time of flight, allowing for a longer decision time and a faster reaction time.

By Application

The given segment is divided into Homeland security and military security

By Platform

Naval electromagnetic weapons systems include weapons used in naval applications such as combat ships and submarines, among others. Combat ships, submarines, and unmanned surface vehicles comprise the naval component. Defense ships are specifically constructed for usage by coast guards and navy forces to secure water border security.

By Product

Rail guns, electromagnetic bombs, plasma cannons, microwave guns, navy laser cannons, gun-launched guided projectiles, automatic shotguns, and other lethal products are among them. Massive investments are being made in research and development, as well as the demonstration and testing of lethal electromagnetic weapons.

KEY MARKET SEGMENTATIONS

By Technology

  • Particle Beam Weapons

  • Laser-induced Plasma Channel

By Application

By Platform

  • Land

  • Naval

  • Airborne

 By Product

  • Lethal Weapons

  • Non-lethal Weapons

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REGIONAL ANALYSIS

Asia-Pacific accounted for 22.7% of the electromagnetic weapons market. The Asia-Pacific electromagnetic weapons market includes China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The demand for electromagnetic weapons has surged in recent years as a result of the Asia-Pacific region's rapid economic expansion and rising security challenges, as well as an increase in border disputes. China, Japan, and India have increased their military spending in recent years in response to the greater likelihood of being targeted by terrorist strikes.

REGIONAL COVERAGE

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The 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

KEY PLAYERS

The Major Players are Lockheed Martin Corporation, Raytheon Technologies, BAE Systems, Elbit Systems, Northrop Grumman Corporation, QinetiQ Group, Honeywell International, Thales Group, Rheinmetall AG.,and other players.

Raytheon Technologies-Company Financial Analysis

Electromagnetic Weapons Market Report Scope:

Report Attributes Details
Market Size in 2023 US$ 742.26 Million
Market Size by 2031 US$ 3149.35 Million
CAGR CAGR of 19.8% From 2024 to 2031
Base Year 2023
Forecast Period 2024-2031
Historical Data 2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Technology (Particle Beam Weapons, Laser-induced Plasma Channel), Application (Homeland Security, Military), Platform (Land, Naval, Airborne)
• By Product (Lethal Weapons, Non-lethal Weapons)
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 Lockheed Martin Corporation, Raytheon Technologies, BAE Systems, Elbit Systems, Northrop Grumman Corporation, QinetiQ Group, Honeywell International, Thales Group, Rheinmetall AG., and other players.
DRIVERS • Electromagnetic weaponry system  
• Pulse Power technology
• Enlarging investment
RESTRAINTS

• High power
• Lethality

Frequently Asked Questions

The market size for the Electromagnetic Weapons Market was valued at USD 742.26 million in 2023.

Ans: The Electromagnetic Weapons Market is to grow at a CAGR of 19.8% during the forecast period 2024-2031.

The leading players in the Electromagnetic Weapons Market include Lockheed Martin Corporation, Raytheon Technologies, BAE Systems, Elbit Systems, Northrop Grumman Corporation, QinetiQ Group, Honeywell International, Thales Group, and Rheinmetall AG.

Complexity, continuous upgradation, and rising barriers are some of the challenges for the Electromagnetic Weapons Market.

Asia-Pacific region dominated the Electromagnetic Weapons Market.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2.Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

5.Value Chain Analysis

6.Porter’s 5 forces model

7. PEST Analysis

8. Electromagnetic Weapons Market, by Technology

8.1 Particle Beam Weapons

8.2 Laser-induced Plasma Channel

9. Electromagnetic Weapons Market, by Application

9.1 Homeland Security

9.2 Military

10. Electromagnetic Weapons Market, by Platform

10.1 Land

10.2 Naval

10.3 Airborne

11. Electromagnetic Weapons Market, by Product

11.1 Lethal Weapons

11.2 Non-lethal Weapons

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2    Canada

12.2.3    Mexico

12.3        Europe

12.3.1    Germany

12.3.2    UK

12.3.3    France

12.3.4    Italy

12.3.5    Spain

12.3.6    The Netherlands

12.3.7    Rest of Europe

12.4        Asia-Pacific

12.4.1    Japan

12.4.2    South Korea

12.4.3    China

12.4.4    India

12.4.5    Australia

12.4.6    Rest of Asia-Pacific

12.5        The Middle East & Africa

12.5.1    Israel

12.5.2    UAE

12.5.3    South Africa

12.5.4    Rest

12.6        Latin America

12.6.1    Brazil

12.6.2    Argentina

12.6.3    Rest of Latin America

13. Company Profiles

13.1 Raytheon Technologies

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 Lockheed Martin Corporation

13.3 Northrop Grumman Corporation

13.4 Honeywell International

13.5 Thales Group

13.6 Rheinmetall AG

13.7 BAE Systems

13.8 Elbit Systems

13.9 QinetiQ Group

14. Competitive Landscape

14.1 Competitive Benchmark

14.2 Market Share Analysis

14.3 Recent Developments

15. Conclusion

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of 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 university as well as individual libraries.

Secondary Research

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Primary Research

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Data Bank Validation

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